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Licensed list · Africa · East Africa · SO

Licensed insurance companies in Somalia (2026)

PartialPartially verified against the CBS register, checked 2 Sept 2026.

The 4 insurance companies licensed in Somalia in 2026, as recorded by the Central Bank of Somalia (CBS), with the class of business and ownership each one is registered under.

4Licensed operators
0Life0% of entities
0General (non-life)0% of entities
0Cross-border groups4 domestically owned

By class of business

Each company is counted once, under the class its register row records. The supervisor’s own tally counts licences, so a company licensed for more than one class appears more than once there.

By ownership

  • Domestic private4 100%

“Cross-border groups” counts foreign multinationals and pan-regional groups; “domestically owned” counts domestic private, state-owned, mutual and captive entities. The register records the parent’s type, not its home market. How ownership is recorded

Licensed insurers in Somalia

All 4 entities.

InsurerClassOwnershipGroupVerification
Amanah Insurance LtdTTakaful / IslamicDomestic private—Partial
Baraka Takaful Insurance LtdTTakaful / IslamicDomestic private—Partial
First Somali Takaful Insurance LtdTTakaful / IslamicDomestic private—Partial
Salmaster InsuranceTTakaful / IslamicDomestic private—Partial

Full table for Somalia ↗

Regulatory intelligence: Somalia

Read from the register, not written for this page: the supervisor’s regime, the source the list was checked against, and the market notes recorded alongside it.

Regime
Islamic Insurance (Takaful) Law 2025; the Central Bank granted the first takaful licences in January 2026
Register source
Central Bank of Somalia press release Ref. 1746-CU-01/27, 27 January 2026, 'Central Bank of Somalia (CBS) Grants First Licenses to Takaful (Islamic Insurance) companies': at its meeting on 24 January 2026 the CBS Board approved the licensing applications of four takaful insurance companies - First Somali Takaful Insurance LTD, Amanah Insurance LTD, Baraka Takaful Insurance LTD and Salmaster Insurance. Retrieved as the CBS's own PDF and, independently, as the post body from the CBS WordPress REST API in both English and Somali.
Verification
Partially verified against the regulator register · Central Bank of Somalia press release Ref. 1746-CU-01/27, 27 January 2026, 'Central Bank of Somalia (CBS) Grants First Licenses to Takaful (Islamic Insurance) companies': at its meeting on 24 January 2026 the CBS Board approved the licensing applications of four takaful insurance companies - First Somali Takaful Insurance LTD, Amanah Insurance LTD, Baraka Takaful Insurance LTD and Salmaster Insurance. Retrieved as the CBS's own PDF and, independently, as the post body from the CBS WordPress REST API in both English and Somali.

No market event is recorded against this register for 2026. The regime and source above are the standing facts.

Governing legislation

  • Takaful Law 2025 and Takaful Licensing Regulations 2025 · Institutional and insurance framework

    The central bank administers the takaful licensing framework under article 156 of the Takaful Law. Its January 2026 release records issuance of the first licences under this framework.

Verification log

Reconciled against the Central Bank of Somalia's press release of 27 January 2026, which names the four first-ever licensed takaful companies. The single existing row, Takaful Insurance of Africa (Somalia), is not among them and was removed; the four licensees were added. The CBS took over insurance supervision under the Islamic Insurance (Takaful) Law of May 2025 and publishes no standing register page.

For B2B teams and AI agents

The same rows as static JSON, no key, CORS open, CC BY 4.0. Paged files stay under 96 KB so an agent’s fetch tool never truncates them.

curl -s https://insurers.global/api/v1/countries/somalia.json
curl -s https://insurers.global/api/v1/countries/somalia/insurers/pages/1.json
  • MCP: connect https://insurers.global/mcp and call get_country_summary with { "country": "somalia" }, or list_insurers with country, limit and offset for paged rows.
  • OpenAPI 3.1: /api/v1/openapi.json · WebMCP: /.well-known/webmcp.json · Guide: /ai/ · llms.txt
  • Dataset version 2026-09-08+3f3925fad259; every response carries version, verified and licence.