AFG Holding announced on Friday 28 February that it had obtained approval from the insurance regulator in French-speaking Africa, CIMA, to launch AFG Assurances CI. This is its subsidiary specialized in non-life insurance in Côte d'Ivoire

With a capital of 5 billion FCFA, AFG Assurances CI, will focus on property and casualty insurance operations covering branches 1 to 18 of the Cima code. It intends to establish itself as a major player in the sector in Côte d'Ivoire.

It should be noted that the non-life insurance sector in Côte d'Ivoire is experiencing a modest growth of 3.36% in 2024, reaching a turnover of 361 billion FCFA.

AFG Holding plans to assert itself as a key player in the country's banking and insurance sectors. With AFG Assurances CI, AFG Holding, the financial division of the conglomerate Atlantic Group, will now have 7 insurance subsidiaries in Africa, including two in Benin (AFG Assurances Bénin Vie and IARDT), one in Mali, one in Mali, one in Comoros, one in Comoros, one in Comoros, one in Madagascar, one in Cameroon