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The Insurance Industry in Côte d'Ivoire, Key Trends and Opportunities to 2022

The Insurance Industry in Côte d'Ivoire, Key Trends and Opportunities to 2022

Summary

GlobalData’s The Insurance Industry in Côte d'Ivoire, Key Trends and Opportunities to 2022 report provides detailed analysis of the market trends, drivers and challenges in the Ivorian insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Ivorian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Inside this report, we look at the top themes, its predictions and identify winners and losers.

The report provides in-depth market analysis, information and insights into the Ivorian insurance industry, including -

  • The Ivorian insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Ivorian economy and demographics
  • Details of the competitive landscape in the Ivorian insurance industry
  • The various distribution channels in the Ivorian insurance industry
  • Details of regulatory policy applicable to the Ivorian insurance industry
  • Analysis of natural hazards in the Ivorian insurance industry.
Scope
  • This report provides a comprehensive analysis of the insurance industry in Côte d'Ivoire
  • It provides historical values for the Ivorian insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
  • It offers a detailed analysis of the key segments in the Ivorian insurance industry, with market forecasts to 2022.
  • It covers an exhaustive list of parameters, including written premium and claims.
  • It analyzes the various distribution channels in Côte d'Ivoire.
  • It profiles the top insurance companies in Côte d'Ivoire, and outlines the key regulations affecting them.
Reasons to buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Ivorian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Ivorian insurance industry.
  • Assess the competitive dynamics in the Ivorian insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Ivorian insurance industry and their impact on companies and the industry's future.


1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Direct written premium
4.1.2 Insurance density
4.1.3 Paid claims
5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Direct written premium
5.1.2 Paid claims
5.1.3 Penetration
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Gross written premium
6.1.2 Direct written premium
6.1.3 Paid claims
6.1.4 Penetration
6.1.5 Loss ratio
6.1.6 Assets and Investments
6.2 Property Insurance
6.2.1 Direct written premium
6.2.2 Penetration
6.2.3 Profitability
6.3 Motor Insurance
6.3.1 Direct written premium
6.3.2 Penetration
6.3.3 Profitability
6.4 Liability Insurance
6.4.1 Direct written premium
6.4.2 Penetration
6.4.3 Profitability
6.5 Marine, Aviation and Transit Insurance
6.5.1 Direct written premium
6.5.2 Penetration
6.5.3 Profitability
6.6 Personal Accident and Health Insurance
6.6.1 Direct written premium
6.6.2 Penetration
6.6.3 Profitability
6.7 Miscellaneous
6.7.1 Direct written premium
6.7.2 Penetration
6.7.3 Profitability
7 Reinsurance Outlook
7.1 Premium Ceded
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Floods
9.2 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Saham Assurance Côte d’Ivoire - company overview
10.1.2 Sunu Assurances - company overview
10.1.3 Nouvelle Société Interafricaine d’Assurances (NSIA) - company overview
10.1.4 Allianz Côte d’Ivoire Assurances - company overview - company overview
10.1.5 Axa Assurances - company overview - company overview
11 Governance, Risk and Compliance
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life insurance
11.3.2 Property insurance
11.3.3 Motor insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Motor third-party liability insurance
11.4.2 Professional indemnity insurance for insurance intermediaries
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 Commission Regional des Assurances
11.5.3 Direction des Assurances
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution
12 Databook
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Assets and investments
12.2 General Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Assets and investments
12.2.4 Property insurance
12.2.5 Property insurance by category
12.2.6 Motor insurance
12.2.7 Motor insurance by category
12.2.8 Liability insurance
12.2.9 Marine, aviation and transit insurance
12.2.10 Marine, aviation and transit insurance by category
12.2.11 Personal accident and health insurance
12.2.12 Miscellaneous
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About GlobalData
14.1 Contact GlobalData
14.2 About GlobalData
14.3 GlobalData’s Services
14.4 Disclaimer
List of Tables
Table 1: Ivorian Insurance Industry - Key Facts,
Table 2: Ivorian Insurance Industry - Industry Shares of the Top Insurers,
Table 3: Ivorian Government Credit Ratings
Table 4: Ivorian Insurance Industry - Gross Written Premium (XOF Billion and US$ Million), 2013-
Table 5: Ivorian Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 6: Ivorian Insurance Industry - Density (XOF), 2013-
Table 7: Ivorian Insurance Industry - Density (XOF), 2017-
Table 8: Ivorian Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2013-
Table 9: Ivorian Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2017-
Table 10: Ivorian Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 11: Ivorian Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 12: Ivorian Life Insurance - Paid Claims (XOF Billion and US$ Million), 2013-
Table 13: Ivorian Life Insurance - Paid Claims (XOF Billion and US$ Million), 2017-
Table 14: Ivorian Life Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-
Table 15: Ivorian Life Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-
Table 16: Ivorian Life Insurance - Investment Portfolio (XOF Billion), 2013-
Table 17: Ivorian Life Insurance - Investment Portfolio (XOF Billion), 2017-
Table 18: Ivorian General Insurance - Gross Written Premium (XOF Billion and US$ Million), 2013-
Table 19: Ivorian General Insurance - Gross Written Premium (XOF Billion and US$ Million), 2017-
Table 20: Ivorian General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 21: Ivorian General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 22: Ivorian General Insurance - Paid Claims (XOF Billion and US$ Million), 2013-
Table 23: Ivorian General Insurance - Paid Claims (XOF Billion and US$ Million), 2017-
Table 24: Ivorian General Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-
Table 25: Ivorian General Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-
Table 26: Ivorian General Insurance - Investment Portfolio (XOF Billion), 2013-
Table 27: Ivorian General Insurance - Investment Portfolio (XOF Billion), 2017-
Table 28: Ivorian Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 29: Ivorian Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 30: Ivorian Property Insurance - Loss Ratio (%), 2013-
Table 31: Ivorian Property Insurance - Loss Ratio (%), 2017-
Table 32: Ivorian Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 33: Ivorian Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 34: Ivorian Motor Insurance - Loss Ratio (%), 2013-
Table 35: Ivorian Motor Insurance - Loss Ratio (%), 2017-
Table 36: Ivorian Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 37: Ivorian Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 38: Ivorian Liability Insurance - Loss Ratio (%), 2013-
Table 39: Ivorian Liability Insurance - Loss Ratio (%), 2017-
Table 40: Ivorian Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 41: Ivorian Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 42: Ivorian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-
Table 43: Ivorian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2017-
Table 44: Ivorian Personal Accident and Health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 45: Ivorian Personal Accident and Health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 46: Ivorian Personal Accident and Health Insurance - Loss Ratio (%), 2013-
Table 47: Ivorian Personal Accident and Health Insurance - Loss Ratio (%), 2017-
Table 48: Ivorian Miscellaneous - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 49: Ivorian Miscellaneous - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 50: Ivorian Miscellaneous - Loss Ratio (%), 2013-
Table 51: Ivorian Miscellaneous - Loss Ratio (%), 2017-
Table 52: Ivorian Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-
Table 53: Ivorian Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2017-
Table 54: Ivorian Insurance Industry - Market Share of Leading Insurers (%),
Table 55: Ivorian Insurance Industry - Market Share of Life Insurers (%),
Table 56: Ivorian Insurance Industry - Market Share of General Insurers (%),
Table 57: Saham Assurance Côte d’Ivoire - Key Facts
Table 58: Saham Assurance Vie Côte d’Ivoire - Key Facts
Table 59: Sunu Assurances IARD - Key Facts
Table 60: Sunu Assurances Vie Côte d'Ivoire - Key Facts
Table 61: Nouvelle Société Interafricaine d'Assurances - Key Facts
Table 62: Allianz Côte d’Ivoire Assurances - Key Facts
Table 63: Axa Assurances Côte d’Ivoire - Key Facts
Table 64: Côte d’Ivoire - Insurance Regulatory Framework Key Features
Table 65: Côte d’Ivoire - Insurance Intermediary Remuneration
Table 66: Côte d’Ivoire - Life Insurance Regulatory Framework
Table 67: Côte d’Ivoire - Property Insurance Regulatory Framework
Table 68: Côte d’Ivoire- Motor Insurance Regulatory Framework
Table 69: Côte d’Ivoire - Liability Insurance Regulatory Framework
Table 70: Côte d’Ivoire- Insurance Premium Tax Rates
Table 71: Côte d’Ivoire - Corporate Tax Rates for the Financial Year
Table 72: Ivorian Life Insurance - Policies and Premium, 2013-
Table 73: Ivorian Life Insurance - Policies and Premium, 2017-
Table 74: Ivorian Life Insurance - Claims and Expenses, 2013-
Table 75: Ivorian Life Insurance - Claims and Expenses, 2017-
Table 76: Ivorian Life Insurance - Assets and Investments, 2013-
Table 77: Ivorian Life Insurance - Assets and Investments, 2017-
Table 78: Ivorian General Insurance - Policies and Premium, 2013-
Table 79: Ivorian General Insurance - Policies and Premium, 2017-
Table 80: Ivorian General Insurance - Claims and Expenses, 2013-
Table 81: Ivorian General Insurance - Claims and Expenses, 2017-
Table 82: Ivorian General Insurance - Assets and Investments, 2013-
Table 83: Ivorian General Insurance - Assets and Investments, 2017-
Table 84: Ivorian General Insurance - Property Insurance, 2013-
Table 85: Ivorian General Insurance - Property Insurance, 2017-
Table 86: Ivorian General Insurance - Property Insurance by Category, 2013-
Table 87: Ivorian General Insurance - Property Insurance by Category, 2017-
Table 88: Ivorian General Insurance - Motor Insurance, 2013-
Table 89: Ivorian General Insurance - Motor Insurance, 2017-
Table 90: Ivorian General Insurance - Motor Insurance by Category, 2013-
Table 91: Ivorian General Insurance - Motor Insurance by Category, 2017-
Table 92: Ivorian General Insurance - Liability Insurance, 2013-
Table 93: Ivorian General Insurance - Liability Insurance, 2017-
Table 94: Ivorian General Insurance - Marine, Aviation and Transit Insurance, 2013-
Table 95: Ivorian General Insurance - Marine, Aviation and Transit Insurance, 2017-
Table 96: Ivorian General Insurance - Marine Aviation and Transit Insurance by Category, 2013-
Table 97: Ivorian General Insurance - Marine Aviation and Transit Insurance by Category, 2017-
Table 98: Ivorian General Insurance - Personal Accident and Health Insurance, 2013-
Table 99: Ivorian General Insurance - Personal Accident and Health Insurance, 2017-
Table 100: Ivorian General Insurance - Miscellaneous, 2013-
Table 101: Ivorian General Insurance - Miscellaneous, 2017-
Table 102: Insurance Industry Definitions
List of Figures
Figure 1: Ivorian Real GDP (XOF Trillion), 2013-
Figure 2: Ivorian Exchange Rate (XOF per US$), 2013-
Figure 3: Ivorian Consumer Price Inflation (%), 2013-
Figure 4: Ivorian Current Account Balance as Percentage of GDP (%), 2013-
Figure 5: Ivorian Unemployment Rate, 2013-
Figure 6: Ivorian Population by Age Group, 1990-
Figure 7: Ivorian Insurance Industry - Direct Written Premium (XOF Billion), 2013-
Figure 8: Ivorian Insurance Industry - Density (XOF), 2013-
Figure 9: Ivorian Insurance Industry - Paid Claims (XOF Billion), 2013-
Figure 10: Ivorian Life Insurance - Direct Written Premium (XOF Billion), 2013-
Figure 11: Ivorian Life Insurance - Paid Claims (XOF Billion), 2013-
Figure 12: Ivorian Life Insurance - Penetration (%), 2013-
Figure 13: Ivorian Life Insurance - Penetration (%), 2017-
Figure 14: Ivorian Life Insurance - Total Investment Income (XOF Billion), 2013-
Figure 15: Ivorian Life Insurance - Investment Portfolio (XOF Billion), 2013-
Figure 16: Ivorian Life Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-
Figure 17: Ivorian General Insurance - Gross Written Premium (XOF Billion), 2013-
Figure 18: Ivorian General Insurance - Direct Written Premium (XOF Billion), 2013-
Figure 19: Ivorian General Insurance - Paid Claims (XOF Billion), 2013-
Figure 20: Ivorian General Insurance - Penetration (%), 2013-
Figure 21: Ivorian General Insurance - Penetration (%), 2017-
Figure 22: Ivorian General Insurance - Loss Ratio (%), 2013-
Figure 23: Ivorian General Insurance - Loss Ratio (%), 2017-
Figure 24: Ivorian General Insurance - Total Investment Income (XOF Billion), 2013-
Figure 25: Ivorian General Insurance - Investment Portfolio (XOF Billion), 2013-
Figure 26: Ivorian General Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-
Figure 27: Ivorian Property Insurance - Gross Written Premium (XOF Billion), 2013-
Figure 28: Ivorian Property Insurance - Penetration (%), 2013-
Figure 29: Ivorian Property Insurance - Penetration (%), 2017-
Figure 30: Ivorian Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 31: Ivorian Motor Insurance - Gross Written Premium (XOF Billion), 2013-
Figure 32: Ivorian Motor Insurance - Penetration (%), 2013-
Figure 33: Ivorian Motor Insurance - Penetration (%), 2017-
Figure 34: Ivorian Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 35: Ivorian Liability Insurance - Gross Written Premium (XOF Billion), 2013-
Figure 36: Ivorian Liability Insurance - Penetration (%), 2013-
Figure 37: Ivorian Liability Insurance - Penetration (%), 2017-
Figure 38: Ivorian Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 39: Ivorian Marine, Aviation and Transit Insurance - Gross Written Premium (XOF Billion), 2013-
Figure 40: Ivorian Marine, Aviation and Transit Insurance - Penetration (%), 2013-
Figure 41: Ivorian Marine, Aviation and Transit Insurance - Penetration (%), 2017-
Figure 42: Ivorian Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 43: Ivorian Personal Accident and Health Insurance - Gross Written Premium (XOF Billion), 2013-
Figure 44: Ivorian Personal Accident and Health Insurance - Penetration (%), 2013-
Figure 45: Ivorian Personal Accident and Health Insurance - Penetration (%), 2017-
Figure 46: Ivorian Personal Accident and Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 47: Ivorian Miscellaneous - Direct Written Premium (XOF Billion), 2013-
Figure 48: Ivorian Miscellaneous - Penetration (%), 2013-
Figure 49: Ivorian Miscellaneous - Penetration (%), 2017-
Figure 50: Ivorian Miscellaneous - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 51: Ivorian Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-
Figure 52: Ivorian General Insurance - Percentage of Reinsurance Ceded (%), 2013-
Figure 53: Ivorian Insurance Industry - Market Share of Leading Insurers (%),
Figure 54: Ivorian Insurance Industry - Market Share of Life Insurers (%),
Figure 55: Ivorian Insurance Industry - Market Share of General Insurers (%),
Figure 56: Côte d’Ivoire - Insurance Supervision and Control at Various Levels
Figure 57: Côte d’Ivoire - Insurance Regulatory Frameworks for Company Registration and Operation

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