AXIAN Boosts Insurance Presence in Africa through Strategic Purchase of Shares in WiASSUR
AXIAN Group Acquires Stake in Innovative Côte d'Ivoire-Based Insurance Start-up WiASSUR
In a significant move for the African insurance sector, the AXIAN Group has announced the acquisition of a stake in WiASSUR, an innovative insurance start-up based in Côte d'Ivoire. The deal, finalized in mid-July 2024, positions AXIAN Group as the second-largest shareholder in WiASSUR.
WiASSUR, a Côte d'Ivoire-based insurance broker, offers tailored solutions to meet the evolving insurance needs of its clients. The company strongly believes that development and well-being can be achieved through risk pooling, a concept insurance exemplifies.
The acquisition represents the first step in AXIAN's ambitious plan for the insurance sector, recognizing the continent's high-growth potential. AXIAN Group will take on a governance role in WiASSUR, actively contributing to the company's future development.
In a statement, Teva Fontaine, CEO of WiASSUR, emphasized that WiASSUR aligns with AXIAN Group's vision, which prioritizes positive impact as a core value. WiASSUR advocates for accessible and customized insurance solutions to help build a more secure and stable future for both individuals and businesses.
The investment in WiASSUR specifically aims to accelerate digitalisation and promote financial inclusion across Africa. WiASSUR is transforming the insurance industry by delivering a fully digital customer experience.
Hassane Muhieddine, CEO of AXIAN Financial Services, stated that AXIAN Investment supports Africa's economic development by making strategic investments in companies that reflect the Group's vision and commitment. The investment in WiASSUR reinforces AXIAN Group's commitment to innovative solutions addressing major challenges on the continent.
AXIAN Investment aims to expand its presence in the insurance sector through its investment in WiASSUR. The acquisition aligns with AXIAN Investment's strategy of investing in technologies that reflect the Group's vision and commitment.
Teva Fontaine, CEO of WiASSUR, reiterated that WiASSUR shares AXIAN Group's commitment to creating a positive impact. The search results do not provide the name of the Chief Executive Officer of WiASSUR.
The investment in WiASSUR further reinforces AXIAN Group's ambitious plan for the insurance sector, recognizing the continent's high-growth potential. By investing in WiASSUR, AXIAN Group shows significant ambitions for the rapidly growing insurance industry.
WiASSUR's goal is to foster sustainable and inclusive growth in the process. The acquisition marks a significant milestone in the journey of WiASSUR and AXIAN Group towards a more secure and prosperous future for Africa.
