Since 2015, this sector has been liberalized through Law n°15/005 of 17 March 2015 on the Insurance Code. This law gave birth to the Insurance Regulation and Control Authority (ARCA).

Today, the insurance market has an average penetration rate of about 0.71% of GDP. Since its liberalization, this sector has seen the entry of 6 new companies, 4 of which are insurance companies and 2 as insurance brokers.