Cote d`Ivoire Insurance Report Q4 2016

Publisher Name :
Date: 21-Sep-2016
No. of pages: 42

BMI View: The insurance industry in Côte d'Ivoire is experiencing rapid growth, with both the life and

non-life sectors developing quickly from a low base. Tailwinds for growth include a gradual improvement

in household income rates, the development of a broader range of products being made available to

potential consumers and the expansion of distribution channels which in the past have relied heavily upon

brokers and agents. Structural challenges are significant, however, and include the impact of widespread

poverty, limited formal employment and low life expectancy rates, which all serve to dampen demand.

Despite these challenges, life and non-life premiums are forecast to grow steadily over the forecast period,

reflecting wider economic growth, and Côte d'Ivoire is proving an increasingly attractive frontier market,

particularly when considering the lack of ownership restrictions for foreign investors in the insurance

sector.

Key Updates And Forecasts

? Côte d'Ivoire is expected to be a regional outperformer over the coming years, with the BMI Country

Risk team forecasting GDP growth of 8.5% in 2016 followed by 7.9% growth in 2017 and stronger

growth thereafter. The country is undertaking widespread reforms to facilitate investment and is

attracting high levels of foreign direct investment which will spur development. It aims to become an

emerging economy by 2020.

? A positive economic outlook is reflected in our forecasts for the country's life insurance segment, where

we are forecasting steady double-digit growth in premiums written between 2016 and 2020. As a result,

life insurance will increase its share of the market, accounting for 51.7% of premiums written by the end

of the forecast period, up from 47.3% in 2016.

Cote d`Ivoire Insurance Report Q4 2016

Table of Contents

BMI Industry View 5
Table: Headline Insurance Forecasts (Cote d'Ivoire 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Côte d'Ivoire 2013-2020) 11
Table: Life Insurance Claims (Côte d'Ivoire 2008-2014) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Côte d'Ivoire 2013-2020) 15
Table: Non-Life Insurance Claims (Côte d'Ivoire 2009-2014) 15
Non-Life Sub-Sector Forecast 16
Table: Non-Life Insurance Premiums By Product Line (Côte d'Ivoire 2013-2020) 22
Industry Risk Reward Ratings 24
Sub-Saharan Africa Risk/Reward Index 24
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416 24
Market Overview 26
Life Market Overview 26
Product Offering 26
Competitive Landscape 26
Table: Life Insurance Market Shares (USDmn), 2012 28
Non-Life Market Overview 29
Product Offering 29
Competitive Landscape 29
Table: Non-Life Market Shares (USDmn), 2012 31
Company Profile 32
Saham 32
Sunu Group 34
Methodology 36
Industry Forecast Methodology 36
Risk/Reward Index Methodology 39
Table: Indicators 41
Table: Weighting of Indicators 42

List of Tables

Table: Headline Insurance Forecasts (Cote d'Ivoire 2013-2020)
Table: Life Premiums (Côte d'Ivoire 2013-2020)
Table: Life Insurance Claims (Côte d'Ivoire 2008-2014)
Table: Non-Life Premiums (Côte d'Ivoire 2013-2020)
Table: Non-Life Insurance Claims (Côte d'Ivoire 2009-2014)
Table: Non-Life Insurance Premiums By Product Line (Côte d'Ivoire 2013-2020)
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416
Table: Life Insurance Market Shares (USDmn), 2012
Table: Non-Life Market Shares (USDmn), 2012
Table: Indicators
Table: Weighting of Indicators
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