Africa: Sunu and Nsia Vie for Bancassurance Dominance in West Africa
TLDR Two of West Africa’s biggest bancassurance groups — Sunu and NSIA — are redrawing the competitive map with diverging strategies. Sunu, with 16 insurance subsidiaries and 228.4 billion CFA in premiums, dominates the CIMA zone and focuses on mass-market retail NSIA, with 13 insurance subsidiaries and five banks, leans corporate. It pioneered securitization products,…