AISL Executive Summary
Eritrea affiche un score AISL ajusté de 12.6/100, classé « hautement restrictif ». Le marché de l'assurance y pesait 24 millions $ en 2024 ; la donnée de pénétration n'est pas documentée pour ce marché. Le principal frein réglementaire à l'entrée est la cession légale obligatoire (National Insurance Corporation of Eritrea (monopole d'Etat presume)). Le marché applique par ailleurs plusieurs mécanismes complémentaires : un droit de premier refus au bénéfice du réassureur local et une exigence de capacité locale.
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
Asmara
Population
Not documented
GDP
$2.3 B
Currency
ERN
Insurance market
Market size
$24 M
Penetration
Not documented
Density / capita
Not documented
Growth (GDP proxy)
2.8%
Regulatory framework
Regulatory openness
Highly RestrictiveCompulsory cession
Yes
National Insurance Corporation of Eritrea (monopole d'Etat presume) - non confirme precisement
Active friction mechanisms
3 / 7
Reference year
2024
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
22.8
Adjusted score (friction)
12.6
Regulatory access
58/100
Methodology breakdown
AISL recommendation: AVOID / HIGH RISK
AISL Score Badge
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Similar markets
Structurally close profiles to Eritrea, computed on market size, growth, sector structure, environment and founder judgment.
Market (2024)
Vie : 10%
$2.3M
Non-vie : 90%
$21.6M
Total : $23.9M
Total premiums
$23.9M
Penetration
—
Density / capita
Not documented
Growth
—
Number of insurers
—
Source: Atlas Magazine - African Insurance Market 2024
Macroeconomic context (2024)
GDP
$2.3 B
GDP growth
2.8%
Population
—
Inflation
—
Currency
ERN
Source: World Bank SSA GEP (estimation regionale) - Erythree ne publie quasiment aucune donnee economique officielle, economie tres fermee et etatisee, juillet 2026
Regulatory mechanisms
National Insurance Corporation of Eritrea (monopole d'Etat presume) - non confirme precisement
Source: Estimation par defaut faute de source fiable - PAS de source GRF dediee, PAS de donnees economiques officielles recentes disponibles
What this market requires at entry
3 active regulatory mechanisms on this market, with what each one concretely means for entering Eritrea.
"What If" Simulator
Each active friction mechanism removes 3.4 points from this market's score (base score: 22.8, before regulatory friction). Uncheck a mechanism below to simulate its removal and see how many points this market would regain — using the exact AISL scoring formula.
Simulated score
12.6
3 mechanisms active (3 × 3.4 = −10.2 pts)
Active reinsurers
9 reinsurers (national + regional operating in this zone), 2021 revenue in USD millions
| Reinsurer | Scope | Revenue 2021 (M$) | 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: 13/100, "Highly Restrictive" market.
- Insurance market: $24M, fiscal year 2024.
- Main entry barrier: compulsory cession (National Insurance Corporation of Eritrea (monopole d'Etat presume) - non confirme precisement).
- Sits 18.2 points below the regional average (17 scored markets).
Regional comparison
Average adjusted score in East Africa : 30.8 (out of 17 scored markets)
Eritrea is 18.2 points below the regional average