The Insurance Industry in Cote d'Ivoire, Key Trends and Opportunities to 2018 - New Study Released

From: Fast Market Research, Inc.
Published: Fri Jun 06 2014

The Ivoirian insurance industry grew in terms of written premium value at a compound annual growth rate (CAGR) of 3.9% during the review period (2009-2013). The increase was due to the strong performance of the life segment, which registered a CAGR of 6.0% during the review period. The industry is projected to grow at a CAGR of 4.5% over the forecast period (2013-2018). The expanding life insurance segment, combined with strength in country's economy, is expected to contribute to the growth of the Ivoirian insurance industry over the forecast period.

Report Highlights

* The insurance industry comprises of 29 insurers in total as of 2012.
* Cote d'Ivoire allows 100% foreign direct investment (FDI) in the insurance industry, and the entry of foreign companies increased competitiveness.
* The increase in life expectancy of the population during the review period encouraged demand for health insurance products.
* Positive economic growth is expected to encourage insurance sales.
* Cote d'Ivoire's rising population spurred the demand for life insurance products during the review period.
* Increase in working age population is likely to create more demand for investment-linked insurance products such as unit-linked and saving products.
* High inflation rate affected insurance sales during the review period.
* A high combined ratio is one of the key concerns for life insurance companies in Cote d'Ivoire.

Full Report Details at

Report Scope

This report provides a comprehensive analysis of the insurance industry in Cote d'Ivoire:

* It provides historical values for the Ivoirian insurance industry for the report's 2009-2013 review period and projected figures for the 2013-2018 forecast period.
* It offers a detailed analysis of the key segments and categories in the Ivoirian insurance industry, along with forecasts until 2018.
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
* It profiles the top insurance companies in Cote d'Ivoire, and outlines the key regulations affecting them.

Reasons to Get this Report

* Make strategic business decisions using in-depth historic and forecast industry data related to the Ivoirian insurance industry and each segment within it.
* Understand the demand-side dynamics, key trends and growth opportunities within the Ivoirian insurance industry.
* Assess the competitive dynamics in the Ivoirian insurance industry.
* Identify the growth opportunities and market dynamics within key segments.
* Gain insights into key regulations governing the Ivoirian insurance industry and its impact on companies and the industry's future.

Companies Mentioned in this Report: Colina SA, Union des Assurances de Cote d'Ivoire Vie, Nouvelle Societe Interafricaine D'assurances, Colina Vie, NSIA Vie Cote d'Ivoire

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