Cote d'Ivoire Insurance Q4 2019
We remain positive about the prospects for Côte d'Ivoire’s insurance markets, due to the country’s strong economicgrowth outlook - with real GDP set to expand by 10.5% in 2019 - and low inflation. With the West African franc set to appreciateagainst the US dollar over our forecast period, this will feed into just below a double-digit annual growth in both life and non-lifepremiums in US dollar terms through to 2023, according to our core scenario. The main downside risks to our forecasts are politicaland security risks, in the shape of intra-government tensions surrounding a possible bid by the incumbent president for a third termand a recent history of military mutinies, on the back of two civil wars earlier this century.
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