The Insurance Industry in Senegal, Key Trends and Opportunities to 2020

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$1450
Buy Report Download FREE Resources

Published: October 20, 2016 Report Code: GD-IS1307MR-ST

Select Item

GlobalData’s 'The Insurance Industry in Senegal, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Senegalese insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011–2015) and forecast (2015–2020) periods.

The report also gives a comprehensive overview of the Senegalese economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural hazards on the insurance industry.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country.

The report also includes details of insurance regulations and recent changes in the regulatory structure.

Scope

This report provides a comprehensive analysis of the insurance industry in Senegal:

• It provides historical values for the Senegalese insurance industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

• It offers a detailed analysis of the key segments in the Senegalese insurance industry, with market forecasts to 2020.

• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

• It profiles the top insurance companies in Senegal, and highlights their recent developments.

• It covers the economy and demographic structure of Senegal.

• It analyzes the impact of natural hazards in Senegal.

Key Highlights

• According to the International Monetary Fund (IMF), the country’s economic growth rose to 6.5% in 2015.

• Life insurance growth was driven by group life insurance, which accounted for 69.8% of the life gross written premium in 2015.

• Motor third-party liability, cargo and worker’s compensation insurance are mandatory in the country.

• According to the International Finance Corporation, more than 65% of the Senegalese population did not have access to health insurance in 2014.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Senegalese insurance industry and each segment and category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Senegalese insurance industry.

• Assess the competitive dynamics in the Senegalese insurance industry.

• Identify growth opportunities and market dynamics in key segments.

• Gain insights into key regulations governing the Senegalese insurance industry, and their impact on companies and the industry's future.

SONAM Assurances Vie Mutuelle,Allianz Sénégal Assurances Vie,Axa Assurances SA,Allianz Sénégal Assurances,NSIA Sénégal Assurances



Table of Contents

1 KEY FACTS AND HIGHLIGHTS

2 EXECUTIVE SUMMARY

3 ECONOMY AND DEMOGRAPHY

4 INDUSTRY OUTLOOK

4.1 Regional Comparison

4.2 Industry Indicators

4.2.1 Gross written premium

4.2.2 Claims

4.2.3 Assets and investments

5 LIFE INSURANCE OUTLOOK

5.1 Individual Life Insurance

5.1.1 Gross written premium

5.2 Group Life Insurance

5.2.1 Gross written premium

6 NON-LIFE INSURANCE OUTLOOK

6.1 Property Insurance

6.1.1 Gross written premium

6.1.2 Profitability

6.2 Motor Insurance

6.2.1 Gross written premium

6.2.2 Profitability

6.3 Liability Insurance

6.3.1 Gross written premium

6.3.2 Profitability

6.4 Marine, Aviation and Transit Insurance

6.4.1 Gross written premium

6.4.2 Profitability

7 PERSONAL ACCIDENT AND HEALTH INSURANCE OUTLOOK

7.1 Personal Accident and Health Insurance

7.1.1 Gross written premium

7.1.2 Penetration

7.1.3 Claims

7.1.4 Profitability

8 REINSURANCE OUTLOOK

8.1 Premium Ceded

9 DISTRIBUTION CHANNEL OUTLOOK

10 NATURAL HAZARDS

10.1 Flooding

10.2 Droughts

10.3 Epidemics

10.4 Exposure

11 COMPETITIVE LANDSCAPE

11.1 Company Profiles

11.1.1 Sonam Assurances Group – company overview

11.1.2 Allianz Sénégal Assurances Vie – company overview

11.1.3 Axa Assurances SA – company overview

11.1.4 NSIA Sénégal Assurances – company overview

11.1.5 SAHAM Assurances SA – company overview

12 GOVERNANCE, RISK AND COMPLIANCE

12.1 Legislation Overview and Historical Evolution

12.2 Latest Changes in Regulation

12.3 Legislation and Market Practice by Type of Insurance

12.3.1 Life Insurance

12.3.2 Property Insurance

12.3.3 Motor Insurance

12.3.4 Liability insurance

12.3.5 Marine, aviation and transit insurance

12.3.6 Personal accident and health insurance

12.4 Compulsory Insurance

12.4.1 Motor third party liability insurance

12.4.2 Professional indemnity insurance for insurance intermediaries

12.4.3 Workmen’s compensation

12.5 Supervision and Control

12.5.1 International Association of Insurance Supervisors

12.5.2 Commission Regional des Assurances (CRCA)

12.5.3 Directions des Assurances (DA)

12.6 Non-Admitted Insurance Regulation

12.6.1 Overview

12.6.2 Intermediaries

12.6.3 Market practices

12.6.4 Fines and Penalties

12.7 Company Registration and Operations

12.7.1 Type of insurance organization

12.7.2 Establishing a local company

12.7.3 Foreign ownership

12.7.4 Types of license

12.7.5 Capital requirements

12.7.6 Solvency margin

12.7.7 Reserve requirements

12.7.8 Investment regulations

12.7.9 Statutory return requirements

12.7.10 Fee structure

12.8 Taxation

12.8.1 Insurance premium or policy taxation

12.8.2 Withholding taxes on premium paid overseas

12.8.3 Corporate tax

12.8.4 VAT

12.8.5 Captives

12.9 Legal System

12.9.1 Introduction

12.9.2 Access to court

12.9.3 Alternative dispute resolution (ADR)

13 DATABOOK

13.1 Life Insurance

13.1.1 Policies and premium

13.1.2 Claims and expenses

13.1.3 Assets and investments

13.1.4 Individual life insurance

13.1.5 Individual life insurance by product

13.1.6 Group life insurance

13.1.7 Group life insurance by product

13.1.8 Non-linked policies

13.2 Non-Life Insurance

13.2.1 Policies and premium

13.2.2 Claims and expenses

13.2.3 Assets and investments

13.2.4 Property insurance

13.2.5 Property insurance by product

13.2.6 Motor insurance

13.2.7 Motor insurance by product

13.2.8 Liability insurance

13.2.9 Marine, aviation and transit insurance

13.3 Personal Accident and Health Insurance

13.3.1 Policies and premium

13.3.2 Claims and expenses

13.3.3 Assets and investments

14 DEFINITIONS AND METHODOLOGY

14.1 Definitions

14.2 Methodology

15 ABOUT TIMETRIC

15.1 Contact GlobalData

15.2 About GlobalData

15.3 GlobalData’s Services

15.4 Disclaimer

Table

Table 1: Senegalese Insurance Industry – Key Facts, 2015

Table 2: Senegalese Insurance Industry – Leading Insurers, 2014

Table 3: Senegalese Government Credit Ratings

Table 4: Senegalese Insurance Industry – Gross Written Premium by Segment (XOF Billion), 2011–2015

Table 5: Senegalese Insurance Industry – Gross Written Premium by Segment (XOF Billion), 2015–2020

Table 6: Senegalese Insurance Industry – Density Segment (XOF), 2011–2015

Table 7: Senegalese Insurance Industry – Density by Segment (XOF), 2015–2020

Table 8: Senegalese Insurance Industry – Paid Claims by Segment (XOF Billion), 2011–2015

Table 9: Senegalese Insurance Industry – Paid Claims by Segment (XOF Billion), 2015–2020

Table 10: Senegalese Insurance Industry – Total Investment Income by Segment (XOF Billion), 2011–2015

Table 11: Senegalese Insurance Industry – Total Investment Income by Segment (XOF Billion), 2015–2020

Table 12: Senegalese Insurance Industry – Life Insurance Investment Portfolio (XOF Billion), 2011–2015

Table 13: Senegalese Insurance Industry – Life Insurance Investment Portfolio (XOF Billion), 2015–2020

Table 14: Senegalese Insurance Industry – Non-Life Insurance Investment Portfolio (XOF Billion), 2011–2015

Table 15: Senegalese Insurance Industry – Non-Life Insurance Investment Portfolio (XOF Billion), 2015–2020

Table 16: Senegalese Insurance Industry – Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 2011–2015

Table 17: Senegalese Insurance Industry – Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 2015–2020

Table 18: Senegalese Individual Life Insurance – Gross Written Premium (XOF Billion and US$ Million), 2011–2015

Table 19: Senegalese Individual Life Insurance – Gross Written Premium (XOF Billion and US$ Million), 2015–2020

Table 20: Senegalese Group Life Insurance – Gross Written Premium (XOF Billion and US$ Million), 2011–2015

Table 21: Senegalese Group Life Insurance – Gross Written Premium (XOF Billion and US$ Million), 2015–2020

Table 22: Senegalese Property Insurance – Gross Written Premium (XOF Billion and US$ Million), 2011–2015

Table 23: Senegalese Property Insurance – Gross Written Premium (XOF Billion and US$ Billion), 2015–2020

Table 24: Senegalese Property Insurance – Loss Ratio (%), 2011–2015

Table 25: Senegalese Property Insurance – Loss Ratio (%), 2015–2020

Table 26: Senegalese Motor Insurance – Gross Written Premium (XOF Billion and US$ Million), 2011–2015

Table 27: Senegalese Motor Insurance – Gross Written Premium (XOF Billion and US$ Million), 2015–2020

Table 28: Senegalese Motor Insurance – Loss Ratio (%), 2011–2015

Table 29: Senegalese Motor Insurance – Loss Ratio (%), 2015–2020

Table 30: Senegalese Liability Insurance – Gross Written Premium (XOF Billion and US$ Million), 2011–2015

Table 31: Senegalese Liability Insurance – Gross Written Premium (XOF Billion and US$ Million), 2015–2020

Table 32: Senegalese Liability Insurance – Loss Ratio (%), 2011–2015

Table 33: Senegalese Liability Insurance – Loss Ratio (%), 2015–2020

Table 34: Senegalese Marine, Aviation and Transit Insurance – Gross Written Premium (XOF Billion and US$ Million), 2011–2015

Table 35: Senegalese Marine, Aviation and Transit Insurance – Gross Written Premium (XOF Billion and US$ Million), 2015–2020

Table 36: Senegalese Marine, Aviation and Transit Insurance – Loss Ratio (%), 2011–2015

Table 37: Senegalese Marine, Aviation and Transit Insurance – Loss Ratio (%), 2015–2020

Table 38: Senegalese Personal Accident and Health Insurance – Gross Written Premium (XOF Billion and US$ Million), 2011–2015

Table 39: Senegalese Personal Accident and Health Insurance – Gross Written Premium (XOF Billion and US$ Million), 2015–2020

Table 40: Senegalese Personal Accident and Health Insurance – Paid Claims (XOF Billion and US$ Million), 2011–2015

Table 41: Senegalese Personal Accident and Health Insurance – Paid Claims (XOF Billion and US$ Million), 2015–2020

Table 42: Senegalese Personal Accident and Health Insurance – Loss Ratio (%), 2011–2015

Table 43: Senegalese Personal Accident and Health Insurance – Loss Ratio (%), 2015–2020

Table 44: Senegalese Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2011–2015

Table 45: Senegalese Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2015–2020

Table 46: Senegalese Insurance Industry – Leading Life Insurers, 2014

Table 47: Senegalese Insurance Industry – Leading Non-Life Insurers, 2014

Table 48: Sonam Assurances Group – Key Facts

Table 49: Allianz Sénégal Assurances Vie – Key Facts

Table 50: Axa Assurances SA – Key Facts

Table 51: Nsia Sénégal Assurances – Key Facts

Table 52: SAHAM Assurances SA – Key Facts

Table 53: Senegal – Insurance Regulatory Framework Key Features

Table 54: Senegal – Insurance Intermediary Remuneration

Table 55: Senegal – Life Insurance Regulatory Framework

Table 56: Senegal – Property Insurance Regulatory Framework

Table 57: Senegal – Motor Insurance Regulatory Framework

Table 58: Senegal – Liability Insurance Regulatory Framework

Table 59: Senegal – Taxes on Insurance Premiums

Table 60: Senegal – Corporate Tax Rates for the Financial Year 2016

Table 61: Senegalese Life Insurance – Policies and Premium, 2011–2015

Table 62: Senegalese Life Insurance – Policies and Premium, 2015–2020

Table 63: Senegalese Life Insurance – Claims and Expenses, 2011–2015

Table 64: Senegalese Life Insurance – Claims and Expenses, 2015–2020

Table 65: Senegalese Life Insurance – Assets and Investments, 2011–2015

Table 66: Senegalese Life Insurance – Assets and Investments, 2015–2020

Table 67: Senegalese Life Insurance – Individual Life Insurance, 2011–2015

Table 68: Senegalese Life Insurance – Individual Life Insurance, 2015–2020

Table 69: Senegalese Life Insurance – Individual Life Insurance by Product, 2011–2015

Table 70: Senegalese Life Insurance – Individual Life Insurance by Product, 2015–2020

Table 71: Senegalese Life Insurance – Group Life Insurance, 2011–2015

Table 72: Senegalese Life Insurance – Group Life Insurance, 2015–2020

Table 73: Senegalese Life Insurance – Group Life Insurance by Product, 2011–2015

Table 74: Senegalese Life Insurance – Group Life Insurance by Product, 2015–2020

Table 75: Senegalese Life Insurance – Linked vs. Non-Linked Policies, 2011–2015

Table 76: Senegalese Life Insurance – Linked vs. Non-Linked Policies, 2015–2020

Table 77: Senegalese Non-Life Insurance – Policies and Premium, 2011–2015

Table 78: Senegalese Non-Life Insurance – Policies and Premium, 2015–2020

Table 79: Senegalese Non-Life Insurance – Claims and Expenses, 2011–2015

Table 80: Senegalese Non-Life Insurance – Claims and Expenses, 2015–2020

Table 81: Senegalese Non-Life Insurance – Assets and Investments, 2011–2015

Table 82: Senegalese Non-Life Insurance – Assets and Investments, 2015–2020

Table 83: Senegalese Non-Life Insurance – Property Insurance, 2011–2015

Table 84: Senegalese Non-Life Insurance – Property Insurance, 2015–2020

Table 85: Senegalese Non-Life Insurance – Property Insurance by Product, 2011–2015

Table 86: Senegalese Non-Life Insurance – Property Insurance by Product, 2015–2020

Table 87: Senegalese Non-Life Insurance – Motor Insurance, 2011–2015

Table 88: Senegalese Non-Life Insurance – Motor Insurance, 2015–2020

Table 89: Senegalese Non-Life Insurance – Motor Insurance by Product, 2011–2015

Table 90: Senegalese Non-Life Insurance – Motor Insurance by Product, 2015–2020

Table 91: Senegalese Non-Life Insurance – Liability Insurance, 2011–2015

Table 92: Senegalese Non-Life Insurance – Liability Insurance, 2015–2020

Table 93: Senegalese Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015

Table 94: Senegalese Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020

Table 95: Senegalese Personal Accident and Health Insurance – Policies and Premium, 2011–2015

Table 96: Senegalese Personal Accident and Health Insurance – Policies and Premium, 2015–2020

Table 97: Senegalese Personal Accident and Health Insurance – Claims and Expenses, 2011–2015

Table 98: Senegalese Personal Accident and Health Insurance – Claims and Expenses, 2015–2020

Table 99: Senegalese Personal Accident and Health Insurance – Assets and Investments, 2011–2015

Table 100: Senegalese Personal Accident and Health Insurance – Assets and Investments, 2015–2020

Table 101: Insurance Industry Definitions

Figures

Figure 1: Senegalese Real GDP (XOF Trillion), 2011–2020

Figure 2: Senegalese Consumer Price Inflation (%), 2011–2020

Figure 3: Senegalese Current Account Balance as Percentage of GDP (%), 2011–2020

Figure 4: Senegalese (XOF-US$) Exchange Rate, 2011–2020

Figure 5: Senegalese Unemployment Rate, 2011–2020

Figure 6: Senegalese Population by Age Group, 1990–2025

Figure 7: Senegalese Life Insurance Penetration – Regional Comparison (%), 2015

Figure 8: Senegalese Non- Life Insurance Penetration – Regional Comparison (%), 2015

Figure 9: Senegalese Personal Accident and Health Insurance Penetration – Regional Comparison (%), 2015

Figure 10: Senegalese Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2015

Figure 11: Senegalese Insurance Industry – Gross Written Premium by Segment, 2011–2020

Figure 12: Senegalese Insurance Industry – Density (Direct Written Premium Per Capita) by Segment (XOF), 2011–2020

Figure 13: Senegalese Insurance Industry – Paid Claims by Segment (XOF Billion), 2011–2020

Figure 14: Senegalese Insurance Industry – Total Investment Income by Segment (XOF Billion), 2011–2020

Figure 15: Senegalese Insurance Industry – Life Insurance Investment Portfolio (XOF Billion), 2011–2020

Figure 16: Senegalese Insurance Industry – Life Insurance Investment Portfolio Dynamics by Category (XOF Billion), 2011–2020

Figure 17: Senegalese Insurance Industry – Non-Life Insurance Investment Portfolio (XOF Billion), 2011–2020

Figure 18: Senegalese Insurance Industry – Non-Life Insurance Investment Portfolio Dynamics by Category (XOF Billion), 2011–2020

Figure 19: Senegalese Insurance Industry – Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 2011–2020

Figure 20: Senegalese Insurance Industry – Personal Accident and Health Insurance Investment Portfolio Dynamics by Category (XOF Billion), 2011–2020

Figure 21: Senegalese Individual Life Insurance – Gross Written Premium (XOF Billion), 2011–2020

Figure 22: Senegalese Group Life Insurance – Gross Written Premium (XOF Billion), 2011–2020

Figure 23: Senegalese Property Insurance – Gross Written Premium (XOF Billion), 2011–2020

Figure 24: Senegalese Property Insurance – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2011–2020

Figure 25: Senegalese Motor Insurance – Gross Written Premium (XOF Billion), 2011–2020

Figure 26: Senegalese Motor Insurance – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2011–2020

Figure 27: Senegalese Liability Insurance – Gross Written Premium (XOF Billion), 2011–2020

Figure 28: Senegalese Liability Insurance – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2011–2020

Figure 29: Senegalese Marine, Aviation and Transit Insurance – Gross Written Premium (XOF Billion), 2011–2020

Figure 30: Senegalese Marine, Aviation and Transit Insurance – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2011–2020

Figure 31: Senegalese Personal Accident and Health Insurance – Gross Written Premium (XOF Billion), 2011–2020

Figure 32: Senegalese Personal Accident and Health Insurance – Penetration (%), 2011–2015

Figure 33: Senegalese Personal Accident and Health Insurance – Penetration (%), 2015–2020

Figure 34: Senegalese Personal Accident and Health Insurance – Paid Claims (XOF Billion), 2011–2020

Figure 35: Senegalese Personal Accident and Health Insurance – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2011–2020

Figure 36: Senegalese Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2011–2020

Figure 37: Senegalese Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020

Figure 38: Senegalese – Frequency of Hazards by Type, 1990–2014

Figure 39: Senegalese Mortality by Hazards Type, 1990–2014

Figure 40: Senegal – Insurance Supervision and Control at Various Levels

Figure 41: Senegal – Insurance Regulatory Frameworks for Company Registration and Operation

Frequently asked questions

The Insurance Industry in Senegal, Key Trends and Opportunities to 2020 standard reports
Currency USD
$1,450

Can be used by individual purchaser only

Most Popular
$2,900

Can be shared by unlimited users within one corporate location e.g. a regional office

$4,350

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Add to Basket

Undecided about purchasing this report?

Enquire Before Buying Download FREE Resources

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Sample Report

The Insurance Industry in Senegal, Key Trends and Opportunities to 2020 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

 Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

Related reports

View more Financial Services reports
Financial Services
New
Global M&A Deals in H1 2026 - Top Themes by…
$495 | August 2026
Financial Services
New
NatWest Private Banking and Wealth Management: Competitor Profile, 2026
$1,295 | August 2026
Financial Services
New
Agentic AI in Insurance: Customer Attitudes and Case Studies 2026
$3,450 | August 2026
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at The Insurance Industry in Senegal, Key Trends and Opportunities to 2020 in real time.

  • Access a live The Insurance Industry in Senegal, Key Trends and Opportunities to 2020 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.
Tell me more