Ivorian insurance market

Identity

Data as of 31/12/2021, Source: World Bank

Ivorian insurance market: main indicators

Market stakeholders	Total
Non-life insurance companies	22
Life insurance companies	10
Reinsurance companies	8
Brokerage companies	321
Health Fund Managers	12

Data as of 31/12/2022

Supervisory authority
Ministry of Economy, Finance and Development Insurance Department	www.finances.gouv.ci
Professional body
Association des Sociétés d’Assurances de Côte d’Ivoire (ASACI)	www.asaci.net

Figures in millions

Branches	2022 written premiums		2021 written premiums		2021-2022 evolution ⁽¹⁾	2022 shares
Branches	FCFA	USD	FCFA	USD	2021-2022 evolution ⁽¹⁾	2022 shares
Bodily injury and health	81 500	132.845	78 700	136.151	3.56%	15.75%
Motor	87 900	143.277	82 300	142.379	6.80%	16.98%
Fire	59 600	97.148	50 600	87.538	17.79%	11.51%
Marine	33 200	54.116	24 800	42.904	33.87%	6.41%
General third party liability	13 500	22.005	9 200	15.916	46.74%	2.61%
Miscellaneous risks	18 600	30.318	12 100	20.933	53.72%	3.59%
Total non-life	294 300	479.709	257 700	445.821	14.20%	56.85%
Total life	223 400	364.142	205 300	355.169	8.82%	43.15%
Grand total	517 700	843.851	463 000	800.990	11.81%	100%

⁽¹⁾ Growth rate in FCFA
Source: FANAF
Exchange rate as at 31/12/2022 : 1 FCFA = 0.00163 USD, as at 31/12/2021 : 1 FCFA = 0.00173 USD

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Tue, 05/03/2024 - 16:33