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Synopsis
The report
provides in-depth industry analysis, information and insights of the insurance
industry in Côte d’Ivoire, including:
- The Ivoirian insurance industry’s
growth prospects by insurance segments and categories
- The competitive landscape in the
Ivoirian insurance industry
- The current trends and drivers of
the Ivoirian insurance industry
- Challenges facing the Ivoirian
insurance industry
- The detailed regulatory framework
of the Ivoirian insurance industry
Summary
The Ivoirian
insurance industry grew in terms of written premium value at a compound annual
growth rate (CAGR) of 3.9% during the review period (2009–2013). The increase
was due to the strong performance of the life segment, which registered a CAGR
of 6.0% during the review period. The industry is projected to grow at a CAGR
of 4.5% over the forecast period (2013–2018). The expanding life insurance
segment, combined with strength in country’s economy, is expected to contribute
to the growth of the Ivoirian insurance industry over the forecast period.
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Scope
This report
provides a comprehensive analysis of the insurance industry in Côte d’Ivoire:
- It provides historical values for
the Ivoirian insurance industry for the report’s 2009–2013 review period
and projected figures for the 2013–2018 forecast period.
- It offers a detailed analysis of
the key segments and categories in the Ivoirian insurance industry, along
with forecasts until 2018.
- It covers an exhaustive list of
parameters, including written premium, incurred loss, loss ratio,
commissions and expenses, combined ratio, total assets, total investment
income and retentions.
- 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 industry data related to the Ivoirian
insurance industry and each segment within it.
- Understand the demand-side
dynamics, key trends and growth opportunities within the Ivoirian
insurance industry.
- Assess the competitive dynamics
in the Ivoirian insurance industry.
- Identify the growth opportunities
and market dynamics within key segments.
- Gain insights into key
regulations governing the Ivoirian insurance industry and its impact on
companies and the industry's future.
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Key Highlights
- The insurance industry comprises
of 29 insurers in total as of 2012.
- Côte d’Ivoire allows 100% foreign
direct investment (FDI) in the insurance industry, and the entry of
foreign companies increased competitiveness.
- The increase in life expectancy
of the population during the review period encouraged demand for health
insurance products.
- Positive economic growth is
expected to encourage insurance sales.
- Côte d’Ivoire’s rising population
spurred the demand for life insurance products during the review period.
- Increase in working age
population is likely to create more demand for investment-linked insurance
products such as unit-linked and saving products.
- High inflation rate affected
insurance sales during the review period.
- A high combined ratio is one of
the key concerns for life insurance companies in Côte d’Ivoire.
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