AISL Executive Summary
Avec un score AISL ajusté de 38.9/100, Djibouti se classe dans la catégorie « restrictif ». En 2024, le marché assurantiel local représentait 28 millions $ (0.7% de pénétration du PIB). Le principal frein réglementaire à l'entrée est la cession légale obligatoire (ZEP-RE (PTA Reinsurance Company) 30% de toute la reassurance + 15% des accords de fronting).
Summary written from verified AISL data, not an opinion, a starting point for analysis.
Economy
Capital
Djibouti
Population
Not documented
GDP
$4.2 B
Currency
DJF
Insurance market
Market size
$28 M
Penetration
0.7%
Density / capita
Not documented
Growth (GDP proxy)
6.7%
Regulatory framework
Regulatory openness
RestrictiveCompulsory cession
Yes
ZEP-RE (PTA Reinsurance Company) 30% de toute la reassurance + 15% des accords de fronting
Active friction mechanisms
1 / 7
Reference year
2024
AISL Score
Base score
42.3
Adjusted score (friction)
38.9
Regulatory access
86/100
Methodology breakdown
AISL recommendation: WATCH / MONITOR
AISL Score Badge
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Similar markets
Structurally close profiles to Djibouti, computed on market size, growth, sector structure, environment and founder judgment.
Market (2024)
Vie : 3%
$0.9M
Non-vie : 97%
$27.0M
Total : $27.9M
Total premiums
$27.9M
Penetration
0.7%
Density / capita
Not documented
Growth
—
Number of insurers
—
International comparison
This market is -89% versus the OECD average (6.2% of GDP, 2024) and -88% 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: Atlas Magazine - African Insurance Market 2024
Macroeconomic context (2024)
GDP
$4.2 B
GDP growth
6.7%
Population
—
Inflation
-0.3%
Currency
DJF
Source: AfDB Djibouti Economic Outlook, juillet 2026
Regulatory mechanisms
ZEP-RE (PTA Reinsurance Company) 30% de toute la reassurance + 15% des accords de fronting
Source: Oxford Business Group Djibouti 2016 (regle toujours citee comme en vigueur), Africa Re Dashboard, juillet 2026 - PAS de source GRF dediee
What this market requires at entry
1 active regulatory mechanism on this market, with what each one concretely means for entering Djibouti.
"What If" Simulator
Each active friction mechanism removes 3.4 points from this market's score (base score: 42.3, before regulatory friction). Uncheck a mechanism below to simulate its removal and see how many points this market would regain — using the exact AISL scoring formula.
Simulated score
38.9
1 mechanism active (1 × 3.4 = −3.4 pts)
Active reinsurers
9 reinsurers (national + regional operating in this zone), 2021 revenue in USD millions
| Reinsurer | Scope | Revenue 2021 (M$) | 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: 39/100, "Restrictive" market.
- Insurance market: $28M, fiscal year 2024.
- Main entry barrier: compulsory cession (ZEP-RE (PTA Reinsurance Company) 30% de toute la reassurance + 15% des accords de fronting).
- Sits 9.6 points above the regional average (17 scored markets).
Regional comparison
Average adjusted score in East Africa : 29.3 (out of 17 scored markets)
Djibouti is 9.6 points above the regional average