Abidjan-headquartered insurance and banking group, NSIA Group, has received approval from the Regional Insurance Control Commission (CRCA) for the establishment of Manzi Re, its new captive reinsurance company.
Insurance brokerage, Dayo Group, has established a subsidiary in Cote d'Ivoire, strengthening its presence in West Africa.
The Ivorian government has instituted two types of insurance which every builder is required to take out, namely, All Risks Construction Site Insurance and Ten-Year Civil Liability Insurance.
The Union of Rental Landlords of Côte d'Ivoire (UBLCI) has launched an insurance scheme aimed at reducing landlord-tenant disputes and covering housing risks.
The insurance sector in Cote d'Ivoire is at a turning point, conducive to consolidating efforts already underway to collectively improve service quality, according to the president of the Association of Insurance Companies of Cote d'Ivoire (ASACI), Mr Mamadou GK Kone.
The lack of information remains the main obstacle to purchasing insurance products, according to the findings of a survey conducted by the Observatory of Insurance Consumption Habits (OHCA).
The Brown Family has announced the full acquisition of Prudential Plc's operations in Francophone Africa. These operations, previously a joint venture between Prudential and the the pan-African group Beneficial, now operate under the new identity: Belife Insurance.
Burkinabe conglomerate Coris Invest Group has begun activities in Cote d'Ivoire to promote financial inclusion in the country where insurance penetration is low.
Pan-African insurance group, SUNU Group, and the international microfinance group Advans have announced that SUNU Assurances Vie Cameroun has acquired a stake in Advans Cameroun.
Côte d'Ivoire collected FCFA594.8bn ($1.03bn) in insurance premiums in 2023, compared to Cameroon's FCFA270.6bn and Senegal's FCFA268.6bn,according to the latest available figures from the Federation of African National Insurance Companies (FANAF).