Insurance
From The Report: Cote d'Ivoire 2013
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An overhaul of the regional insurance regulations in the West African CFA zone is expected to yield its best results in Côte d’Ivoire, the largest market in the sub-region. With a penetration of about 3%, according to the country’s insurance association, the Association des Sociétés d’Assurances de Côte d’Ivoire (ASA-CI), insurers are only just scraping the surface of the market’s potential.

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Overview

Unlocked potential: Reforms support longer-term sector health
OBG
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An overhaul of the regional insurance regulations in the West African CFA zone is expected to yield its best results in Côte d’Ivoire, the largest market in the sub-region. With a penetration of about 3%, according to the country’s insurance association, the Association des Sociétés d’Assurances de Côte d’Ivoire (ASA-CI), insurers are only just scraping the surface of the market’s potential. In recent years, the regional regulator has sought to unlock that potential through a…

Interview

OBG talks to Jean Kacou Diagou, CEO, NSIA
OBG
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Interview: Jean Kacou Diagou How can the penetration of insurance products best be increased in Côte d’Ivoire? JEAN KACOU DIAGOU: Efforts to raise awareness must be pursued through education. In Francophone Africa, there is a lack of knowledge regarding insurance products and they are seen as a type of tax, rather than a mutualisation of risk. Traditionally, village communities have banded together to provide relief in times of need for individual members, but this is less prevalent now. Insurance…

Analysis

Insuring the most at-risk: Micro-offerings set to extend the reach of coverage
OBG
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For the rural and urban poor, asset losses can be devastating. With little or no savings, a disaster could mean homelessness, while the death of a breadwinner can render an entire family destitute. Sidelined by traditional insurance, the poor have had to find alternative mechanisms by seeking support from their communities. Insurers in Côte d’Ivoire have typically targeted urban-dwelling and middle-income earners, offering packages that rural populations cannot relate to and premiums that…