While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...
As the Ivorian economy has powered ahead in the past half-decade, insurance premiums have kept pace, regularly posting double-digit annual gains. According to the Association of Insurance Companies of Côte d’Ivoire (Association des Sociétés d’Assurances de Côte d’ Ivoire, ASA-CI), 2016 was no different with the total value of premiums growing...
Regulators have faced challenges ensuring that all sector players are financially sound, as insurance markets across the Inter-African Conference of Insurance Markets (Conférence Inter-africaine des Marchés d’ Assurances, CIMA) have seen an influx of new competitors. To provide continuous high-quality services to their clients and to avoid...
Recent years have seen comprehensive reforms enacted in both public and private-sector pension systems in Côte d’Ivoire, culminating with the establishment of a new regime and institutions. Changes to the overall system included a gradual phasing up of the retirement age from 55 to 60 between 2012 and 2016, moving the base calculation of...
In the half-decade following the return of political stability in 2011, Côte d’Ivoire was one among the fastest-growing economies in the world. Having missed out on much of the developing and emerging markets boom that characterised the global economy during 2000-10 due to its domestic political crisis, the more recent period of out-...
While economic growth has been strong in recent years, it has not always been inclusive. There are significant differences in regional growth rates between the commercial centre of Abidjan and the rest of Côte d’Ivoire, as well as more broadly between the north and south of the country. Interregional redistribution efforts have been...
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