AISL Executive Summary
Avec un score AISL ajusté de 25.8/100, Comoros se classe dans la catégorie « hautement restrictif ». Le marché de l'assurance y pesait 7 millions $ en 2025, pour une pénétration de 0.5% du PIB. Le principal frein réglementaire à l'entrée est la cession légale obligatoire (Africa Re 5% (base Union Africaine, presume)).
Summary written from available AISL data, some of which is estimated due to a lack of official public sources. Not an opinion, a starting point for analysis.
Economy
Capital
Moroni
Population
Not documented
GDP
$1.4 B
Currency
KMF
Insurance market
Market size
$7 M
Penetration
0.5%
Density / capita
Not documented
Growth (GDP proxy)
3.0%
Regulatory framework
Regulatory openness
Highly RestrictiveCompulsory cession
Yes
Africa Re 5% (base Union Africaine, presume)
Active friction mechanisms
1 / 7
Reference year
2025
AISL Score
Market with limited public documentation: underlying market data relies partly or fully on estimation, due to a lack of accessible official figures. Should be treated with caution.
Base score
29.2
Adjusted score (friction)
25.8
Regulatory access
86/100
Methodology breakdown
AISL recommendation: AVOID / HIGH RISK
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Similar markets
Structurally close profiles to Comoros, computed on market size, growth, sector structure, environment and founder judgment.
Market (2025)
Total premiums
$7.2M
Penetration
0.5%
Density / capita
Not documented
Growth
—
Number of insurers
—
International comparison
This market is -92% versus the OECD average (6.2% of GDP, 2024) and -91% versus the average across all reporting jurisdictions (5.4%, 2024).
Source: OECD, Global Insurance Market Trends 2025. These averages cover jurisdictions reporting to the OECD, not an exhaustive global sample.
Source: Estimation par penetration x PIB, juillet 2026
Macroeconomic context (2024)
GDP
$1.4 B
GDP growth
3.0%
Population
—
Inflation
2.0%
Currency
KMF
Source: Estimation regionale AfDB SSA (pas de chiffre pays direct trouve), juillet 2026
Regulatory mechanisms
Africa Re 5% (base Union Africaine, presume)
Source: Recherche web juillet 2026 - PAS de source GRF dediee
What this market requires at entry
1 active regulatory mechanism on this market, with what each one concretely means for entering Comoros.
"What If" Simulator
Each active friction mechanism removes 3.4 points from this market's score (base score: 29.2, before regulatory friction). Uncheck a mechanism below to simulate its removal and see how many points this market would regain — using the exact AISL scoring formula.
Simulated score
25.8
1 mechanism active (1 × 3.4 = −3.4 pts)
Active reinsurers
9 reinsurers (national + regional operating in this zone), 2021 revenue in USD millions
| Reinsurer | Scope | Revenue 2021 (M$) | Net income (M$) | Observed growth | 2022(est.) | 2023(est.) | 2024(est.) | 2025(est.) | 2026(est.) | 2027(est.) | 2028(est.) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ghana Re - Kenya | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re - Zimbabwe | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re | Regional | — | — | — | — | — | — | — | — | — | — |
| CICA - Re | Regional | — | — | — | — | — | — | — | — | — | — |
| Waica Re - Kenya | Regional | — | — | — | — | — | — | — | — | — | — |
| WAICA Re - Zimbabwe | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re (PTA Reinsurance Co) | Regional | 213.0 | 18.1 | +2.3% | 218.0 | 223.0 | 228.0 | 233.2 | 238.6 | 244.0 | 249.6 |
| CICA-RE | Regional | 176.2 | 13.4 | +11.3% | 196.1 | 218.3 | 243.0 | 270.6 | 301.3 | 335.5 | 373.7 |
| WAICA Re | Regional | 153.3 | 19.9 | +49.5% | 229.5 | 343.3 | 513.5 | 768.1 | 1148.9 | 1719.1 | 2572.0 |
Source: Atlas Magazine, Reinsurance Yearbook 2023. Last real data available: fiscal year 2021 (left-hand columns). The "2028 revenue (estimated)" column, in italic gray, is a projection based solely on the growth rate observed between 2020 and 2021 (capped between -30% and +50%/year); this is not an observed figure and should be treated with caution, particularly for companies with volatile or negative net income.
AISL Summary
- AISL positioning: 26/100, "Highly Restrictive" market.
- Insurance market: $7M, fiscal year 2025.
- Main entry barrier: compulsory cession (Africa Re 5% (base Union Africaine, presume)).
- Sits 4.2 points below the regional average (17 scored markets).
Regional comparison
Average adjusted score in East Africa : 30 (out of 17 scored markets)
Comoros is 4.2 points below the regional average