Economy & Politics

Insurance: Côte d’Ivoire adopts general conditions for the Health branch

Initiated since 2017 by the President of ASACI (Association of Insurance Companies) and the Insurance Department headed by Mr. Diarrassouba Karim, this important project for the insurance market in Côte d’Ivoire has had its epilogue in this end. year, following negotiations between the parties and after the market has taken into account the modifications proposed by the national regulator.

Mr. Diarrassouba Karim who takes up his duties as Director General of CICARE on January 04, 2021, wanted to complete this important file for the market before his departure.
Now all non-life insurance companies on the market must resume their general health conditions with the common visa number issued by the insurance department.
This document, which is the result of the work of the ASACI HEALTH commission, the medical advisers and the Insurance Department, complies with the requirements and developments in modern management of the health sector.
This is a notable advance for the Ivorian market, the first market in the CIMA zone which is struggling to balance the results of this branch which is the second on the market with a turnover of 71 billion FCFA in 2019, representing 32% of the total. Non-life market with a combined ratio of over 102%.

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