Ivory Coast

Life Report

Product Insurance Market Reports Life Rev Ivory Coast

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Ivory Coast's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Ivory Coast's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Ivory Coast

The Ivory Coast life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of the Ivory Coast. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Ivory Coast and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about the Ivory Coast’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Ivory Coast is available.

Axco’s report describes the regulatory framework that applies to the domestic life insurance sector, including whether non-admitted insurance is permitted in the Ivory Coast; as well as the legislation necessary to know regarding the Ivory Coast’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in the Ivory Coast with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Ivory Coast market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Ivory Coast, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Ivory Coast's pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Ivory Coast report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Ivory Coast Life and Benefits Report Extract

Below are brief extracts of information from the Ivory Coast Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Ivory Coast is the largest long-term market in the CIMA region with per capita spend a little under twice that of the next ranked market (Senegal). It grew by 8.9% in 2019 reflecting the strength of its economy and emergence of a middle class that is taking out bank loans and insuring them.

Individual endowment contracts (known as mixed policies), which have a death benefit component, continue to make up a significant portion of overall life insurance business, generating XOF 30.81bn (USD 52.58mn) of premiums, which represented ....


Savings and capitalisation business, which is mainly aimed at providing income for retirement, accounted for XOF 107.03bn (USD 182.67mn) in premium in 2019 which was 63.6% of overall long-term business. Individual business made up 54.2% of this total.

The sums generated by the "pension" policies are rarely large enough to afford a reasonable annuity, however, and most policyholders are keen to access their funds immediately. Hence the benefits are mostly taken as a lump sum and used ....


Healthcare is a major class of business in the Ivorian market, where it is written on the non-life account. The combined personal accident and healthcare insurance premiums were XOF 71.31bn (USD 121.71mn) in 2019 which was equivalent to 47.9% of all short-term business and 42.3.5% of long-term business. (Personal accident business accounts typically for under 5% of all short-term business.)

Demand for healthcare cover is driven by a growing middle class ....

Back to Report Store

You may also be interested in these reports...


Ready to talk? We're here to help.

Whether you need more information or to discuss which products are best suited to your needs, our dedicated team are here to help.

Get in touch