The Ivorian market is driven by life insurance

Despite the political crisis in the country, the insurance industry is growing at a rate of 8 to 10% per year. It rose from 137.9 billion FCFA (288 million USD) in 2006 to 170 billion FCFA (378 million USD) in 2009. Life insurance counts much for these good figures. It accounts for 40% of the results. The latter would be even better if life insurers could benefit from recent tax exemption on the severance grants. The Association des Sociétés d'Assurance de Côte d'Ivoire is intent to study this problem. Insurance accounts for 1.67% of the GDP in 2009.