Determinants of insurance uptake in sub-Saharan developing countries: evidence from Côte d’ivoire[Déterminants de la souscription à l'assurance dans les pays en développement subsahariens : cas de la Côte d'Ivoire]

There have been several studies on the determinants of insurance consumption in developing countries and particularly in sub-Saharan African countries. Most of them focus on insurance consumption in rural areas and reach the conclusion that financial illiteracy and lack of liquidity constrain insurance consumption in rural area and mostly farmers. Given the proven growing African middle class, educated and with growing revenue, we focus in this study on the middle class with the aim to identify the determinants of insurance consumption. Using data from Harmonized Survey on Households Living Standards 2018-2019 in Coˆte d'ivoire, the study identifed that, the main determinants are the marital status, the literacy, the Socio-professional category and the employer, the revenue, the living area and also the holding of another insurance. Furthermore we highlight the under-consumption paradox of some type of insurance (life and household) given the identified determinant which need further analysis.