Study & Strategic plan

Market penetration strategy for non-life insurance in Côte d'Ivoire

After obtaining its license, OnPoint was approached by an insurance company to help launch its activities in Côte d'Ivoire.

1 mn

Sector:

Insurance

Geographical area :

Type(s) of intervention :
Strategic plan
Sizing distribution networks
Market sizing

CHALLENGES AND OBJECTIVES

  • Define target segments
  • Define product offering by segment
  • Define the associated operating model
  • Define the distribution channels to be selected
  • Sizing distribution networks (direct office, tied agents, brokers)
  • Define the sales policy associated with the selected channels

RESULTS

  • Target positioning to capture the maximum number of customers
  • Determining how to select product marketing partners
  • Prioritized proposal for a selection of relevant locations for the deployment of distribution networks (direct offices, general agents)
  • Delivery of a detailed roadmap for implementing the proposals

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Market penetration strategy for non-life insurance in Côte d'Ivoire

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