AISL Executive Summary
Guinea-Bissau obtient un score AISL ajusté de 41.0/100 (restrictif). Le marché de l'assurance y pesait 5 millions $ en 2022, pour une pénétration de 0.3% du PIB, en croissance de 55.1% sur un an. Une cession obligatoire s'applique aux réassureurs étrangers (CICA-RE 20% + Africa Re 5% (base CIMA)). Le marché applique par ailleurs une exigence de capacité locale.
Summary written from verified AISL data, not an opinion, a starting point for analysis.
Economy
Capital
Bissau
Population
Not documented
GDP
$2.2 B
Currency
XOF
Insurance market
Market size
$5 M
Penetration
0.3%
Density / capita
Not documented
Market growth
55.1%
Regulatory framework
Regulatory openness
RestrictiveCompulsory cession
Yes
CICA-RE 20% + Africa Re 5% (base CIMA)
Active friction mechanisms
2 / 7
Reference year
2022
AISL Score
Base score
47.8
Adjusted score (friction)
41.0
Regulatory access
72/100
Methodology breakdown
AISL recommendation: AVOID / HIGH RISK
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Similar markets
Structurally close profiles to Guinea-Bissau, computed on market size, growth, sector structure, environment and founder judgment.
Market (2022)
Total premiums
$5.2M
Penetration
0.3%
Density / capita
Not documented
Growth
55.1%
Number of insurers
—
International comparison
This market is -95% versus the OECD average (6.2% of GDP, 2024) and -94% versus the average across all reporting jurisdictions (5.4%, 2024).
Source: OECD, Global Insurance Market Trends 2025. These averages cover jurisdictions reporting to the OECD, not an exhaustive global sample.
Source: CIMA - Rapport annuel Exercice 2022 (cima-afrique.org), non-vie exact (2 042M FCFA, +55,1%) + vie estimee au ratio moyen zone CIMA (36,3%), conversion 1$=612,30 FCFA - remplace l'estimation precedente
Macroeconomic context (2024)
GDP
$2.2 B
GDP growth
5.1%
Population
—
Inflation
2.5%
Currency
XOF
Source: AfDB/tradingeconomics Guinea-Bissau, juillet 2026
Regulatory mechanisms
CICA-RE 20% + Africa Re 5% (base CIMA)
Source: CIMA Code des assurances, juillet 2026
What this market requires at entry
2 active regulatory mechanisms on this market, with what each one concretely means for entering Guinea-Bissau.
"What If" Simulator
Each active friction mechanism removes 3.4 points from this market's score (base score: 47.8, before regulatory friction). Uncheck a mechanism below to simulate its removal and see how many points this market would regain — using the exact AISL scoring formula.
Simulated score
41.0
2 mechanisms active (2 × 3.4 = −6.8 pts)
Active reinsurers
9 reinsurers (national + regional operating in this zone), 2021 revenue in USD millions
| Reinsurer | Scope | Revenue 2021 (M$) | 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: 41/100, "Restrictive" market.
- Insurance market: $5M (+55.1% year-on-year), fiscal year 2022.
- Main entry barrier: compulsory cession (CICA-RE 20% + Africa Re 5% (base CIMA)).
- Sits 9.2 points above the regional average (15 scored markets).
Regional comparison
Average adjusted score in West Africa : 31.8 (out of 15 scored markets)
Guinea-Bissau is 9.2 points above the regional average