Magazine date:
Mar 2024 Identity
| Population: 28 160 542 inhabitants |  |
| GDP: 70.02 billion USD | |
| GDP per inhabitant: 2 486.4 USD | |
| GDP growth rate: 6.7% | |
| Inflation rate: 5.3% |
Data as of 31/12/2021, Source: World Bank
Ivorian insurance market: main indicators
| 2022 | |
| Turnover | 843.851 million USD |
| Penetration rate | 1.20% |
| Insurance density | 29.97 USD |
Read also | Insurance companies in Côte d’Ivoire [4]
Côte d'Ivoire: insurance market structure
| 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
Ministry of Economy, Finance and Development Insurance Department | www.finances.gouv.ci [5] |
Association des Sociétés d’Assurances de Côte d’Ivoire (ASACI) | www.asaci.net [6] |
Ivorian insurance market: premium evolution
Figures in millions| Branches | 2022 written premiums | 2021 written premiums | 2021-2022 evolution (1) | 2022 shares | ||
|---|---|---|---|---|---|---|
| FCFA | USD | FCFA | USD | |||
| 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
Read also | Ivorian insurance market in 2021 [7]