AISL Executive Summary
Mauritania obtient un score AISL ajusté de 32.2/100 (hautement restrictif). En 2024, le marché assurantiel local représentait 39 millions $ (0.4% de pénétration du PIB). Le principal frein réglementaire à l'entrée est la cession légale obligatoire (Africa Re 5% (base Union Africaine, presume)).
Summary written from verified AISL data, not an opinion, a starting point for analysis.
Economy
Capital
Nouakchott
Population
Not documented
GDP
$11.0 B
Currency
MRU
Insurance market
Market size
$39 M
Penetration
0.4%
Density / capita
Not documented
Growth (GDP proxy)
4.0%
Regulatory framework
Regulatory openness
Highly RestrictiveCompulsory cession
Yes
Africa Re 5% (base Union Africaine, presume) - aucune cession locale specifique chiffree trouvee
Active friction mechanisms
1 / 7
Reference year
2024
AISL Score
Base score
35.6
Adjusted score (friction)
32.2
Regulatory access
86/100
Methodology breakdown
AISL recommendation: AVOID / HIGH RISK
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Similar markets
Structurally close profiles to Mauritania, computed on market size, growth, sector structure, environment and founder judgment.
Market (2024)
Vie : 5%
$1.8M
Non-vie : 95%
$36.7M
Total : $38.5M
Total premiums
$38.5M
Penetration
0.4%
Density / capita
Not documented
Growth
—
Number of insurers
—
International comparison
This market is -94% 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: Atlas Magazine - African Insurance Market 2024
Macroeconomic context (2024)
GDP
$11.0 B
GDP growth
4.0%
Population
—
Inflation
1.6%
Currency
MRU
Source: AfDB Mauritania Economic Outlook, juillet 2026
Regulatory mechanisms
Africa Re 5% (base Union Africaine, presume) - aucune cession locale specifique chiffree trouvee
Source: Recherche web juillet 2026 - PAS de source GRF dediee, PAS membre CIMA
What this market requires at entry
1 active regulatory mechanism on this market, with what each one concretely means for entering Mauritania.
"What If" Simulator
Each active friction mechanism removes 3.4 points from this market's score (base score: 35.6, before regulatory friction). Uncheck a mechanism below to simulate its removal and see how many points this market would regain — using the exact AISL scoring formula.
Simulated score
32.2
1 mechanism active (1 × 3.4 = −3.4 pts)
Market players
17 companies, 2024 premiums in USD millions
Market concentration
ConcentratedHHI 446366
Leader: Nationale d'Assurance et de Réassurance (62.1%) — 17 companies
HHI = Herfindahl-Hirschman Index, a standard market concentration measure (sum of squared shares). <1500 = competitive, 1500-2500 = moderately concentrated, >2500 = concentrated.
Segment Non-Life (17 companies)
| Company | 2024 premiums (M$) | Market share | Change | 2025(estimated) | 2026(estimated) | 2027(estimated) | 2028(estimated) |
|---|---|---|---|---|---|---|---|
| Nationale d'Assurance et de Réassurance | 22.0 | 62.1% | +1.3% | 33.0 | 49.5 | 74.3 | 111.4 |
| DAMANE Assurances | 8.6 | 24.3% | +0.0% | 8.6 | 8.6 | 8.6 | 8.6 |
| Compagnie Nouvelle des Assurances | 1.2 | 3.4% | +0.4% | 1.7 | 2.4 | 3.4 | 4.8 |
| Mauritanienne d'Assurance et de Réassurance | 0.7 | 1.9% | +0.1% | 0.7 | 0.8 | 0.9 | 0.9 |
| MEDINA Assurances | 0.5 | 1.4% | -0.6% | 0.4 | 0.2 | 0.2 | 0.1 |
| Compagnie d'Assurance et de Réassurance | 0.5 | 1.4% | -0.2% | 0.4 | 0.3 | 0.3 | 0.2 |
| Assurances Générales de Mauritanie | 0.3 | 0.9% | -0.1% | 0.3 | 0.2 | 0.2 | 0.2 |
| Groupement des Assurances de Mauritanie | 0.3 | 0.8% | -0.3% | 0.2 | 0.1 | 0.1 | 0.1 |
| SUNU Assurances | 0.2 | 0.7% | — | 0.2 | 0.2 | 0.3 | 0.3 |
| Société d'Assurance et de Réassurance RIM-Assurances | 0.2 | 0.6% | -0.1% | 0.2 | 0.2 | 0.2 | 0.1 |
| Société Anonyme d'Assurance et de Réassurance | 0.2 | 0.6% | +0.1% | 0.2 | 0.2 | 0.2 | 0.3 |
| Société Générale d'Assurances | 0.2 | 0.5% | +0.4% | 0.2 | 0.3 | 0.5 | 0.7 |
| Société Mauritanienne des Assurances Islamiques | 0.1 | 0.4% | -0.3% | 0.1 | 0.1 | 0.1 | 0.0 |
| TAAMIN Assurances | 0.1 | 0.4% | -0.5% | 0.1 | 0.1 | 0.0 | 0.0 |
| Salama Assurances | 0.1 | 0.3% | -0.1% | 0.1 | 0.1 | 0.1 | 0.1 |
| El WAVA Assurances | 0.1 | 0.2% | +0.2% | 0.1 | 0.1 | 0.1 | 0.1 |
| IMAN Assurance | 0.1 | 0.2% | — | 0.1 | 0.1 | 0.1 | 0.1 |
Market share: official source figure when available, otherwise computed from the companies listed for this segment (not necessarily 100% of the country's total market). The 2025-2028 columns, in italics, are projections: never a blank cell, but the color indicates the reliability of the method used: gray = company-specific growth rate, amber = failing that, the country's market growth, orange = failing that, the country's GDP growth, light red = no growth data available, flat 0% by default.
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: 32/100, "Highly Restrictive" market.
- Insurance market: $39M, fiscal year 2024.
- Main entry barrier: compulsory cession (Africa Re 5% (base Union Africaine, presume) - aucune cession locale specifique chiffree trouvee).
- Sits 0.2 points below the regional average (15 scored markets).
Regional comparison
Average adjusted score in West Africa : 32.4 (out of 15 scored markets)
Mauritania is 0.2 points below the regional average