IFC, Leadway Vie to Increase Access to Life Insurance, Jobs for Women in Côte d’Ivoire
IFC, a member of the World Bank Group, and insurance company Leadway Vie Côte d’Ivoire announced a partnership to increase access to life insurance for women in Côte d’Ivoire and create jobs for women as insurance brokers in the country. Under the partnership, IFC will help Leadway Vie Côte d’Ivoire, a subsidiary of Leadway Assurance Limited Nigeria, develop an insurance strategy and products tailored to Ivoirian women. Currently, only 2 percent of women in Côte d’Ivoire have life insurance, leaving millions of women-headed families at potential risk. IFC will also work with Leadway Vie to increase the number of women they employ as insurance agents, creating jobs and also helping boost the uptake of insurance among women. According to the International Labor Organization, 20 percent of Ivorian households are women-headed. These women tend to be more vulnerable to physical and financial shocks and often have limited access to coping mechanisms.…
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