Côte d’Ivoire Insurers Push for Pension Reform as Life-Insurance Penetration Stalls at 0.6%

Côte d’Ivoire’s Association of Insurance Companies (ASA-CI) has called for a mandatory supplementary pension plan for private-sector workers. The proposal was presented at the country’s first life-insurance conference, held in Abidjan on Dec. 3-4. Under the proposed scheme, private-sector employees would make additional contributions to boost their future retirement income, as the basic pension often fails to cover living costs, according to the ASA-CI. To support the new plan, the ASA-CI urged the government to develop tailored retirement savings and investment...