Two of the biggest trends in global insurance in recent years are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as InsurTech, a potentially disruptive trend that heralds both threats to and opportunities for incumbents and newcomers alike.
Côte d’Ivoire’s strong economic growth since 2012 has driven a sharp expansion in the insurance sector, with premium rising almost 40% between 2013 and 2017. While the main actors have remained the same, the last few years have seen an influx of foreign and local players entering the market. If the increased competition has sometimes resulted...
Facing rising competition from telecoms companies, traditional banks are investing significantly to upgrade their digital platforms, while some have launched their own mobile services. Mobile banking is growing by the day, as the range of products available to consumers continues to rise.
The banking sector has played a key role in financing reconstruction in Côte d’Ivoire since the end of the decade-long political and military crisis in 2011. As a result, stellar economic growth – which has averaged 8.8% since 2012 – has driven a solid banking expansion in the country, with the number of banks and branches growing steadily...
As a strong advocate of economic and trade integration in West Africa, Côte d’Ivoire has placed great emphasis on rebuilding and extending region-wide infrastructure networks. Such efforts have the local business community upbeat, with 68% of respondents in the 2019 edition of the Business Barometer: Côte d’Ivoire CEO Survey saying the African...
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