In April 2016 the Inter-African Conference of Insurance Markets (Conférence Interafricaine des Marchés d’ Assurances, CIMA), which oversees insurance regulation in 14 African countries, including Côte d’Ivoire, adopted a major reform aimed to protect the region’s reinsurance industry. Two years on, changes appear to be paying off for local...
How is the local industry being impacted by regulations issued by the Inter-African Conference of Insurance Markets (Conférence Inter-africaine des Marchés d’Assurance, CIMA)?
Founded in 1998 the Bourse Régionale des Valeurs Mobilières (BRVM) is the stock exchange for the UEMOA zone. Initially composed of 35 companies listed on its equity sub-fund, the stock exchange grew to 45 companies at the end of 2017, 35 of which were Ivorian. In addition to this, the stock exchange boasted 37 bond lines.
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...
What has been done to support the financing of small and medium-sized enterprises (SMEs)?
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