Bahrain’s reputation as a regional financial centre rests in part on the early flourishing of its banking industry. The country’s first modern bank was established nearly 100 years ago following an agreement between the kingdom’s ruler at the time, Sheikh Isa bin Ali Al Khalifa, and the UK-owned and Indian-headquartered Oriental Bank. As Bahrain’s banking sector completes its third full year...
Financial Services
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Articles & Analysis | New reinsurance programmes in emerging markets bolster natural disaster coverage from The Report: Cote d'Ivoire 2018
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-...
Interviews & Viewpoints | Roger Eugène Boa Johnson, President, Association of Insurance Companies of Côte d’Ivoire: Interview from The Report: Cote d'Ivoire 2018
Articles & Analysis | Côte d'Ivoire revises capital requirements to ensure companies have solid fundamentals from The Report: Cote d'Ivoire 2018
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...
Articles & Analysis | Economic expansion driving insurance sector growth in Côte d'Ivoire from The Report: Cote d'Ivoire 2018
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...
Articles & Analysis | Reforms to Côte d'Ivoire's pension programmes have mixed results from The Report: Cote d'Ivoire 2018
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...