Burundi Insurance Industry – Key Trends and Opportunities to 2027

Powered by

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

Burundi Insurance Market Report Overview

The gross written premium of the Burundi insurance market was BIF82.7 billion ($41.1 million) in 2022. The market is expected to achieve a CAGR of more than 8% during 2023-2027.

Burundi Insurance Market Outlook, 2022-2027 (BIF Billion)

Burundi Insurance Market Outlook, 2022-2027 (BIF Billion)

For more insights into the Burundi insurance market forecast, download a free report sample

The Burundi insurance market research report provides in-depth market analysis, information, and insights into the Burundi insurance industry. It provides values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review period and forecast period.

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Burundi economy and demographics, and provides detailed information on the competitive landscape in the country. The report gives 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.

Market Size (2022) BIF82.7 billion ($41.1 million) (GWP)
CAGR (2023-2027) >8%
Forecast Period 2023-2027
Historical Period 2018-2022
Key Segments Life Insurance and General Insurance
Leading Players Socabu Vie, Jubilee, Burundi Insurance Corporation “Bicor Sa”, EGIC-NV, BIC- NONVIE, INKINZO Insurance S.A, and Societe Commerciale D’Assurances Et De Reassurance ”Socar S.A.”

Burundi Insurance Market Trends

Travel insurance and mandatory insurance are some of the key trends impacting the Burundi insurance market. For instance, as there is a high risk of street crime in Burundi – particularly for foreign nationals – the US Embassy recommends seeking medical evacuation insurance as well as travel insurance for the people traveling to the country. Likewise, Burundi has a mandatory motor third-party liability insurance, professional indemnity insurance for doctors and lawyers, insurance for administrative buildings against fire or explosion, civil liability insurance for operators of commercial buildings against fire or explosion, construction risk insurance, professional liability insurance for brokers and import insurance.

Burundi Insurance Market by Segments

The key segments in the Burundi insurance market are life insurance and general insurance. The general insurance segment dominated the market in 2022.

Life Insurance: In 2022, the endowment segment accounted for a share of more than 60% of the total life insurance sector. The endowment is followed by term life.

General Insurance: The motor segment accounted for the majority of shares in 2022. The motor is followed by Non-Life PA&H. The retail consumer sector was the leading segment of the total general insurance sector GWP in 2022.

Burundi Insurance Market Analysis by Segments, 2022 (%)

Burundi Insurance Market Analysis by Segments, 2022 (%)

For more segment insights into the Burundi insurance market, download a free report sample

Burundi Insurance Market – Competitive Landscape

The key companies in the Burundi insurance market are Socabu Vie, Jubilee, Burundi Insurance Corporation “Bicor Sa”, EGIC-NV, BIC- NONVIE, INKINZO Insurance S.A, and Societe Commerciale D’Assurances Et De Reassurance ”Socar S.A.” among others. Socabu Vie Burundi Company was the largest insurer in 2022.

Burundi Insurance Market Analysis by Players, 2022 (%)

Burundi Insurance Market Analysis by Players, 2022 (%)

For more players’ insights into the Burundi insurance market, download a free report sample

Segments Covered in the Report

Burundi Insurance Market Segments Outlook (Value, $ Million, 2018-2027)

  • Life Insurance
  • General Insurance


This report provides a comprehensive analysis of the Burundi insurance industry –

  • It provides historical values for the Burundi insurance industry for the report’s 2018–22 review period and projected figures for the 2023–27 forecast period.
  • It offers a detailed analysis of the key categories in the Burundi insurance industry and market forecasts for 2027.
  • It profiles the top life insurance companies in Burundi and outlines the key regulations affecting them.

Key Highlights

  • Key insights and dynamics of the Burundi insurance industry.
  • A comprehensive overview of the Burundi economy, government initiatives, and investment opportunities.
  • The Burundi insurance regulatory framework’s evolution, key facts, taxation regime, licensing, and capital requirements.
  • The Burundi insurance industry’s market structure gives details of lines of business.
  • Burundi’s reinsurance business’s market structure gives details of premium ceded along with cession rates.

Reasons to Buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Burundi insurance industry, and each category within it.
  • Understand the demand-side dynamics, key market trends, and growth opportunities in the Burundi insurance industry.
  • Assess the competitive dynamics in the Burundi insurance industry.
  • Identify growth opportunities and market dynamics in key product categories.

Socabu Vie
Union Commerciale d’assurances et de Reassurance
INKINZO Insurance S.A
Burundi Insurance Corporation Bicor Sa

Table of Contents

  1. Executive Summary
  2. Economy Overview
  3. Regulatory and Compliance
  4. Key Market Trends
  5. Life Insurance: Summary trends and KPIs
  6. Life Insurance: Key Trends by LOB
  7. General Insurance: Summary trends and KPIs
  8. General Insurance: Key Trends by LOB
  9. Competitive Landscape

    • Deals
    • Competitor Profiles

  10. Reinsurance
  11. Appendix

Frequently asked questions

Burundi Insurance Industry – Key Trends and Opportunities to 2027 standard reports
Currency USD

Can be used by individual purchaser only


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

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Burundi Insurance Industry – Key Trends and Opportunities to 2027 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

“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
Financial Services
France Life Insurance Market Size and Trends by Line of…
$3,999 | June 2024
Financial Services
Wealth Management Trends and Themes in 2024
$5,250 | May 2024
Financial Services
Peru Insurance Industry - Key Trends and Opportunities to 2028
$1,450 | May 2024
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 Burundi Insurance Industry – Key Trends and Opportunities to 2027 in real time.

  • Access a live Burundi Insurance Industry – Key Trends and Opportunities to 2027 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.