The Ivorian insurance market generated FCFA435.9bn ($775.4m) in revenue during the first six months of 2026. This represents a 6.1% increase compared to the first half of 2025, according to data from the Insurance Directorate of the Directorate General of the Treasury and Public Accounting.
The market was still largely dominated by non-life insurance, which generated FCFA271.4bn in premiums in the first six months of this year, an increase of 2.7% year on year. The life branch grew at a much more rapid rate of 12.1%, reaching FCFA164.5bn in 1H2026, reported Sika Finance citing the official data.
Already in 2025, life insurance premiums were showing a higher growth rate than non-life insurance, a trend that analysts attribute to the rise of savings products, bancassurance and the gradual increase in universal health coverage, which has stimulated the demand for complementary solutions.
Insurance companies paid out benefits to their clients totalling FCFA183.2bn in 1H2026, representing a 13.3% year-on-year increase, well above the rate of premium growth.
Market data for 2025 show that the growth seen in 1H2026 continued a period of strong expansion in the sector. According to statistics compiled by the Association of Insurance Companies of Cote d'Ivoire (ASA-CI) for 2025, total premiums reached FCFA688.8bn, up by approximately 10% compared to 2024.