FILHET-ALLARD COTE D IVOIRE

CORPORATE RISKS  PERSONNAL ACCIDENT  INTERNATIONAL  RISK MANAGEMENT  CREDIT & FACTORING  Bordeaux Paris Lyon FILHET-ALLARD COTE D’IVO...
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CORPORATE RISKS



PERSONNAL ACCIDENT



INTERNATIONAL



RISK MANAGEMENT



CREDIT & FACTORING



Bordeaux

Paris Lyon

FILHET-ALLARD COTE D’IVOIRE

Toulouse

La Rochelle Genève Madrid

HAMZA CHLEUH + 225 07 17 71 15 @ [email protected]

www.filhetallard.com N° ORIAS : 07 000 514 www.orias.fr

October 2014

FILHET ALLARD GROUP COMPANY KEYS FACTS

Filhet Allard Group

Revenue Breakdown

 Established in 1895 – Headquartered in Bordeaux  7th largest corporate broker in France (Argus May 2014)  Family owned / Independent  Turnover 2013 : EUR 126 millions  Premium collected : +EUR 1 billion  +900 staffs in 7 locations :

 Bordeaux  Lyon  Toulouse  Geneva

 Madrid  Paris  La Rochelle  Abidjan

Filhet-Allard & Cie – Ivory Coast and Cima Zone

Property & Casualty:

37 %

Affinities ins. program:

36 %

Employee benefits:

14 %

Marine:

11 %

Credit insurance:

2%

October 2014

2

IVORY COAST INSURANCE MARKET 1. IVORY COAST



Population : 22,848,945



GDP : $43.67 billion (2013 est.)



GDP growth rate : 8%



Agriculture-Products : coffee, cocoa beans, bananas, palm kernels, corn, rice, cassava (manioc, tapioca), sweet potatoes, sugar, cotton, rubber; timber



Industries : foodstuffs, beverages; wood products, oil refining, gold mining, truck and bus assembly, textiles, fertilizer, building materials, electricity



Exports partners : Netherlands 8.8%, US 8.1%, Nigeria 8%, Germany 7.5%, France 4.5%, Canada 4.2% (2012)



Imports partners : Nigeria 25%, France 11%, China 7.2% (2012)

Filhet-Allard & Cie – Ivory Coast and Cima Zone

October 2014

3

IVORY COAST INSURANCE MARKET 2. IVORY COAST INSURANCE MARKET  PRIMARY MARKET OF THE CIMA ZONE 

Ivory Coast has over 23% of share of the CIMA market





Global turnover : USD 464 millions in 2013



A growth of 12.8% between 2012 and 2013

37% of the written premiums are through brokers

Non Life Insurance

Life Insurance

• 18 companies

• 11 companies

• USD 259.5 millions (56%)

• USD 204.5 millions (44%)

• A growth of 14.2% for

• A growth of 11% between

the same period

Filhet-Allard & Cie – Ivory Coast and Cima Zone

2012 and 2013

October 2014

4

IVORY COAST INSURANCE MARKET 2. IVORY COAST INSURANCE MARKET  MARKET SHARES 2012 Non Life

Life

• SAHAM (ex COLINA):

• COLINA Vie: 19.57%

22.5%

• UA Vie: 19.15

• NSIA: 13.2%

• NSIA Vie: 17.09%

• ALLIANZ: 10.18%

• ALLIANZ Vie: 15.08%

• LMAI: 8.33%

• LMAI Vie: 10.43%

• AXA: 6.65%

65%

Filhet-Allard & Cie – Ivory Coast and Cima Zone

81,3%

October 2014

5

THE CIMA ZONE 1. ORGANISATION OF THE CIMA  CREATION

Filhet-Allard & Cie – Ivory Coast and Cima Zone



July 1992 : Creation of the inter-African conference of insurance markets (CIMA).



Acting supra-nationally, CIMA monitors the operations of insurance companies as well as the issuing and withdrawal of approvals.



15 Members : Benin, Burkina Faso, Bissau Guinea, Cameroon, Central african Republic, Comores, Congo, Equatorial Guinea, Ivory Coast, Gabon, Mali, Niger, Senegal, Chad, Togo.

October 2014

6

THE CIMA ZONE 2. OBJECTIVES

 Reinforce the cooperation between member states in the area of insurance.

 Develop insurance and reinsurance companies operating in the member states.

 Promote investment in the economy of the region.

 Create common structures, to help creating a wider integrated market.

 Harmonization of laws and regulations related to insurance and reinsurance transactions.

Filhet-Allard & Cie – Ivory Coast and Cima Zone

October 2014

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THE CIMA ZONE 3. THE CIMA CODE  The Clean up 

Reform of the article 13 of the CIMA Code about the collection of premiums  Cash Before Cover  Intermediaries can not collect premiums anymore



Reinforcement of controls on insurance companies and brokers  Brokers must be locally present : approval is given country by country  Limitation of intermediaries, obligation to undertake a Professional Liability insurance

 Insurance companies are audited and sanctioned if needed  Sanctions can be severe

Filhet-Allard & Cie – Ivory Coast and Cima Zone

October 2014

8

THE CIMA ZONE 4. PERSPECTIVES

 Need for tax relief in order to make insurance products more attractive.

 Need to make other products compulsory (e.g home insurance).

 Need of defiscalisation of Supplemental life insurance.

 Need of a unique approval for all the countries.

 No total freedom yet to place the risks.

Filhet-Allard & Cie – Ivory Coast and Cima Zone

October 2014

9

FILHET ALLARD CI OUR NEW OPERATION IN IVORY COAST 

Filhet-Allard has been involved in West Africa for decades in marine business mainly in commodities (cocoa, rice, sugar, etc…) with international and local clients like: -

COCAF Ivoire (NOBLE Group Hong-Kong) Conseil Café Cacao TOUTON CI Sako & Fils OLAM CI (OLAM Group Singapour) SONAM CI (Platinium Group Dubaï)



We applied for a license in Ivory Coast in 2013 because: • Our marine clients were more and more requiring that Filhet-Allard deals also with their P&C and employee benefit local programs • There are a huge potential economical growth, and • We share a common cultural legacy



We are now fully operative with an access to all the local insurance companies and able to assist you in P&C and EB with the support of the Filhet-Allard Group resources and capacities.

WE ARE PROUD TO BE PART OF BROKERSLINK AND LOOK FORWARD TO COLLABORATE WITH YOU IN THE NEAR FUTURE.

Filhet-Allard & Cie – Ivory Coast and Cima Zone

October 2014

10

HAMZA CHLEUH FILHET ALLARD CI

 : +225 07 17 71 15  : +225 20 30 59 64 @ : [email protected] 7 Avenue Noguès, Immeuble BSIC ABIDJAN PLATEAU 5th Floor – Office 508 01 BP 5754- Abidjan 01

Filhet-Allard & Cie – Ivory Coast and Cima Zone

October 2014

11

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