Financial Services

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.

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...

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.