The insurance sector in Côte d’Ivoire continues its upward trajectory in 2025, strengthening its role as a key pillar of the national financial system and reaffirming the country’s leadership within the CIMA zone. Based on sector trends and available market indicators, total insurance turnover is estimated at close to 700 billion CFA francs, representing an annual increase of approximately 9.93 percent.
This performance consolidates Côte d’Ivoire’s position as the leading insurance market in the CIMA region, supported by sustained growth in both Non-Life insurance and a particularly strong expansion of the Life insurance segment.
Life insurance emerges as the main growth driver
In 2025, Life insurance stands out as the most dynamic segment of the Ivorian market, with growth estimated at 13.3 percent. This expansion is largely driven by the rising demand for savings, pension and life protection products, reflecting increased financial awareness among households and businesses.
The gradual expansion of the middle class, product diversification, and ongoing digital transformation initiatives by insurance companies have also contributed to improving access to and attractiveness of Life insurance solutions.
Steady progress in Non-Life insurance
Non-Life insurance continues to post solid growth, estimated at 7.5 percent in 2025. Motor insurance, health coverage, fire and other risk-related products remain the main contributors to this performance. The expansion of the vehicle fleet, infrastructure development, and mandatory insurance requirements in certain sectors continue to support demand.
However, the segment still faces structural challenges, particularly high claims ratios and the need for improved risk management practices.
Strengthened regional leadership
With these results, Côte d’Ivoire further reinforces its status as a regional insurance hub. The country accounts for a significant share of total premiums issued within the CIMA zone, attracting international insurance groups and encouraging innovation across the industry.
At the same time, regulatory authorities and market players are pursuing reforms aimed at improving corporate governance, strengthening insurers’ solvency, and enhancing policyholder protection.
Positive outlook for the sector
Looking ahead, the outlook for the Ivorian insurance market remains positive. Continued digitalization, broader insurance coverage, and the gradual integration of insurance into everyday economic activity are expected to sustain growth in the coming years.
By approaching the 700 billion CFA franc mark in 2025, the Ivorian insurance industry confirms its growing importance as a strategic sector for economic development and long-term financial stability.