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Illustrated portrait of Somalia; geographic and cultural interpretation, not regulator premises.
← The regulatory atlasCOUNTRY PERSPECTIVE / Somalia

Central bank supervisor

SomaliaCentral Bank of Somalia

Insurance supervision in Somalia.

AI-generated country illustrationSources checked

01 / The institution

Central Bank of Somalia

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.

How it is structured

Central bank supervisor

Institutional source ↗

The legal foundations

Mandate, written into law.

Establishing legislation and the rules governing insurance may be different instruments.

02 / Market signals

The numbers, with context.

Figures retain the reporting period and accounting basis of their source. They are snapshots, not live indicators or directly comparable country rankings.

Insurance penetration. A current premium-to-GDP ratio has not been independently verified for this profile. No estimate is substituted.

03 / The report notebook

A dated view of the market.

What we noted in the regulator’s publications. Each entry separates the period covered, publication date when known, and our review date.

ReviewedNOTE 01

2025

Central Bank of Somalia Annual Report 2025 ↗

Governor’s message and financial-sector reform chapter reviewed. The report documents the insurance framework’s development; no market premium or penetration estimate is inferred from banking statistics.

A new foundation for supervision

Takaful framework

The report records enactment of the Insurance Law and accompanying work on licensing, capital, solvency and financial reporting.

Central Bank of Somalia Annual Report 2025Governor’s message, page x; financial-sector chapter, page 41 · Country illustration
Read the original publication ↗

04 / Official contacts

Reach the institution.

Public institutional channels, checked 17 September 2026.

Research trail

Sources you can follow.

Independent editorial research by Insurers Global. Source dates do not certify that a law includes every subsequent amendment.

  1. Official institutional and legal source ↗Checked
  2. Institutional website — contact route ↗Checked
  3. Central Bank of Somalia Annual Report 2025 ↗Checked

Country scenes are AI-generated illustrations made with OpenAI image tools, not official regulator photographs or endorsements. Quotations remain searchable text. Report figures and directory verification are maintained separately.