In a noteworthy development that underscores the growing digitization trend within the insurance industry, the pan-African AXIAN Group has acquired a significant stake in Ivorian insurtech startup WiASSUR through its subsidiary, AXIAN Investment. Although the financial terms of this transaction have not been disclosed publicly, it is known that AXIAN now holds the position of the second-largest shareholder in WiASSUR. With this new stake, AXIAN will also assume a governance role to facilitate the company’s continued growth and strategic development in the digital insurance sector.
WiASSUR, which was founded in 2019 by entrepreneur Teva Fontaine, aims to revolutionize the insurance landscape in Côte d’Ivoire by providing a fully digital insurance brokerage service. The platform has been designed to allow users to compare a variety of insurance offerings on the market, purchase both personal and commercial insurance products, and manage their insurance policies efficiently through a dedicated online client portal. This innovative approach is intended to place customers at the center of the insurance experience, enhancing both simplicity and efficiency in their interactions with different types of insurance products and services.
A Strategic Move Aligned with Industry Trends
Founded in 2019 by entrepreneur Teva Fontaine, WiASSUR aims to transform the insurance market in Côte d’Ivoire with its fully digital brokerage service. The platform allows users to compare various insurance offerings, purchase both personal and commercial insurance products, and manage their policies through an online client portal. This innovative service puts customers at the center of the experience, making interactions with insurance products and services more straightforward and efficient. As a result, WiASSUR enhances the overall user experience, aiming to simplify and streamline the often complex world of insurance.
