Ivorian insurance market: 2024 provisional figures

January 28, 2025

marché ougandaisProvisional figures for the Ivorian insurance market show a turnover of 628 billion FCFA (997.2 million USD) in 2024, marking a 4.4% increase (in original currency) on the 601.4 billion FCFA (1 billion USD) achieved by the end of 2023.

Non-life premiums were up by 3.4% to 361.3 billion FCFA (573.7 million USD), while life premiums rose by 5.9% to 266.7 billion FCFA (423.5 million USD).

The ranking by non-life company places SanlamAllianz at the forefront of the market, with a turnover of 106.5 billion FCFA (169.1 million USD) in 2024.

As far as life and health insurance is concerned, SUNU Vie is ranked first in 2024, with an underwriting income of 74.3 billion FCFA (118 million USD).

During the reporting period, benefits paid by local insurers amounted to 308.4 billion FCFA (489.7 million USD), dropping by 0.2% over one year.


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