Burkinabe conglomerate Coris Invest Group has begun activities in Cote d'Ivoire to promote financial inclusion in the country where insurance penetration is low.
On 19 June, the Group—headquartered in Ouagadougou in Burkina Faso—held the official launch ceremony for Coris Assurances Vie and Coris Assurances Property & Casualty Insurance in Marcory, a suburb of Abidjan, Cote d’Ivoire’s largest city.
The two Cote d’Ivoire insurers are part of a pan-African strategy of the Coris Invest Group. Each has a share capital of FCFA5bn ($8.7m). They have obtained the required approvals from the Regional Insurance Control Commission (CRCA) and the national supervisory authority.
Coris Assurances Vie offers life insurance, savings and pension products, and Coris Assurances P&C is dedicated to property, liability, miscellaneous risk and health insurance.
Takaful in Burkina Faso
Separately, in February 2025, Coris Assurances Vie (Burkina Faso) announced that it had received the green light for takaful window operations. The window, called Coris Assurances Takaful, was launched on 17 April 2025.
With Coris Assurances Takaful, the Coris Invest Group affirms its ambition to expand beyond the borders of Burkina Faso, meeting the growing need for Islamic insurance in West Africa.
Coris Invest Group’s activities include banking, securities, renewable energy, asset management, industry, technology, hotels and real estate.