An overhaul of the regional insurance regulations in the West African CFA zone is expected to yield its best results in Côte d’Ivoire, the largest market in the sub-region. With a penetration of about 3%, according to the country’s insurance association, the Association des Sociétés d’Assurances de Côte d’Ivoire (ASA-CI), insurers are only just...
For the rural and urban poor, asset losses can be devastating. With little or no savings, a disaster could mean homelessness, while the death of a breadwinner can render an entire family destitute. Sidelined by traditional insurance, the poor have had to find alternative mechanisms by seeking support from their communities. Insurers in Côte d’Ivoire...
A number of factors are converging to create a positive outlook for the insurance sector in Ras Al Khaimah. They include the emirate’s strong growth trajectory, a low penetration rate for insurance and the increasing sophistication of RAK’s economic approach. With opportunities come challenges, however: the prospective nature of the market means...
What do you identify as the biggest opportunities in financing industrial expansion? How much of this expansion can be financed locally?
The market for financial services in Ras Al Khaimah is growing in size and sophistication along with the emirate’s broader economy. As a supplier of a range of basic building materials, RAK’s industry-fuelled economy is aligned with the fortunes of the wider region, and this should result in opportunities for financial services companies to fund...
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