What Coris Assurances does

Coris Assurances SA is a Burkinabè insurance company founded on April 14, 2011 with initial capital of 1 billion FCFA (approximately $1.67 million USD), headquartered on Avenue Kwamé Nkrumah in Ouagadougou. The company operates through two core subsidiaries — Coris Assurances SA for non-life insurance (IARD: Incendies, Accidents, Risques Divers / property and casualty) and Coris Assurances Vie, a distinct life insurance subsidiary authorized on March 30, 2015 and operational from May 29, 2015. Coris Assurances was the first company in the CIMA (Inter-African Conference on Insurance Markets) zone to obtain regulatory approval to operate bancassurance, and is a wholly-owned subsidiary of Coris Holding, the diversified financial services conglomerate that also controls Coris Bank International, Coris Bourse, and Coris Asset Management.

The product portfolio spans roughly 30 insurance products across two main lines — Assurance VIE (life insurance, including Coris Retraite, Educ Vision, Familis, Coris Flex Emprunteur, Assurance Indemnités de Fin de Carrière, and complementary corporate retirement) and Assurance IARD (property and casualty, including Coris Auto Protect, Coris Habitas, Santé, Multirisque professionnelle, RC professionnelle/exploitation, Tous risques chantier, and transport insurance). Differentiated features include exclusive guarantees such as Relogement (relocation allowance during property restoration), Indemnisation +20% (new-value indemnification for vehicles under 12 months), and Réparation+ (enhanced repair coverage). The underlying platform is a bancassurance model that distributes products through Coris Bank International's branch network across Burkina Faso, supplemented by dedicated Coris Assurances agencies, a 50-agent commercial agent network, and insurance broker partnerships.

The revenue model is subscription-based recurring premiums, with risk transferred to a panel of five reinsurance partners (AFRICA-RE, CICA-RE, SCOR Global Life, FSA-RE, A.R.C.) and healthcare claims processed through a network of 40+ clinics and hospitals. Customer segments are co-primary across individuals (Particuliers) and businesses (Entreprises), with secondary segments including students (via FONER/Academia card partnership) and corporate employees covered under group plans. Pricing is quote-based with low entry tiers such as Coris Family at 7,500 FCFA per insured per year for 1 million FCFA coverage. Geographic operations are entirely domestic to Burkina Faso across at least ten documented locations, including the Ouagadougou headquarters and regional offices in Bobo-Dioulasso, Koudougou, Diapaga, Djibo, Dori, Fada N'Gourma, Gorom-Gorom, Kaya, and Ouahigouya. Leadership is distributed across the IARD and Vie subsidiaries, with Pascal Soulama serving as Chairman of the Board.

Name

Coris Assurances

Legal name

Coris Assurances SA

Website

https://coris-assurances.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Coris Assurances SA is a Burkinabè insurer offering non-life (IARD) and life insurance products through a bancassurance model that distributes via Coris Bank International's branch network across Burkina Faso, serving individuals, businesses, and institutional clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Ouagadougou

HQ country

Burkina Faso

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Non-Life Insurance (IARD): Property and casualty insurance covering automobile, homeowners, professional liability, construction, and other non-life risks. Revenue generated through premiums paid by policyholders.
2. Life Insurance (Assurance Vie): Life and savings products including retirement, education funds, funeral insurance, and creditor insurance. Revenue through recurring premium payments.
3. Bancassurance: Insurance products distributed through Coris Bank International branch network, leveraging existing banking customer base for cross-selling insurance products.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels3 records

Core offering

Coris Assurances is a Burkinabè insurance company that provides life insurance (Assurance Vie) and non-life insurance (Assurance IARD, including property and casualty lines) to individuals and businesses in Burkina Faso. It distributes insurance products through the Coris Bank International branch network under a bancassurance model, complemented by dedicated agencies, commercial agents, and broker partnerships. Its portfolio includes auto, home, health, professional liability, construction, transport, savings, retirement, education, credit life, and family protection coverages.

Product overview

Coris Assurances operates as a comprehensive insurance provider in Burkina Faso offering two main product lines: Assurance VIE (Life Insurance) and Assurance IARD (Property and Casualty Insurance). The life insurance portfolio includes retirement savings (Coris Retraite, Retraite complémentaire entreprise), family protection (Coris Family, Prévoyance social entreprise), education coverage (Educ Vision), savings products (Coris Venega, Libre avenir, Familis), credit life (Coris Flex Emprunteur), and career-end benefits (Assurance Indemnités de Fin de Carrière). The IARD portfolio covers automobile (Auto/Coris Auto protect), home (Habitation/Coris Habitas), health (Santé), professional risks (Multirisque professionnelle, RC professionnelle, RC chef d'entreprise, RC exploitation), construction (Tous risques chantier), transport (RC transporteur, Transport de marchandises), and specialty risks (bris de machines, Caution financière, Tous risques informatique). The company pioneered bancassurance in the CIMA zone and distributes products through Coris Bank International's branch network.

Differentiator

Problem solved

Functional benefit

Brands

• Coris Flex Emprunter: Insurance product with three options including basic coverage, death benefit, and unemployment coverage.
• Coris Prévoyance Sérénité Plus
• Coris Family
• Coris Retraite
• Coris Libre Avenir
• Coris Habitas
• Coris Auto Protect
• Coris Béogo
• Educ Vision
• Coris Venega
• Familis
• Retraite complémentaire entreprise
• Prévoyance social entreprise
• Assurance Indemnités de Fin de Carrière

Products and services

• Assurance Vie (Life Insurance) Life insurance products covering retirement savings, death benefits, family protection, education savings, and end-of-career indemnities for individuals and corporate clients.
• Assurance IARD (Property and Casualty Insurance) Property and casualty insurance covering fires, accidents, and miscellaneous risks for individuals and businesses, including auto, home, construction, transport, and professional liability.
• Coris Auto Protect (Auto Insurance) Vehicle insurance for individuals with exclusive guarantees including friendly accident report, replacement vehicle, towing, Indemnisation +20%, and Repair+ benefits.
• Coris Habitas (Home Insurance) Multi-risk home insurance covering fire, water damage, burglary, electrical damage, glass breakage, family liability, and exclusive relocation guarantee for temporary housing during repairs.
• Santé (Health Insurance) Health insurance providing coverage against medical risks including medical, surgical, pharmaceutical, and hospitalization expenses, leveraging a network of over 40 clinics, hospitals, and dental cabinets across Burkina Faso.
• Coris Flex Emprunteur (Borrower Insurance) Credit life insurance for borrowers, co-borrowers and their guarantors with three configurable options: basic coverage, death benefit, and unemployment cover.
• Coris Family Entry-level family protection product with annual subscription from 7,500 FCFA per insured per year providing 1 million FCFA coverage per year.
• Coris Retraite (Retirement Savings) Retirement savings plan providing accumulated savings paid at contract maturity for individuals' retirement preparation.
• Libre Avenir (Flexible Savings) Savings product guaranteeing capital accumulation through regular contributions toward project realization for individuals.
• Educ Vision (Education Insurance) Education insurance ensuring children's future by guaranteeing benefits regardless of whether the policyholder is alive at maturity.
• Coris Venega Savings product with possibility of early capital gains through lottery draw (1 to 4 million FCFA).
• Familis (Life Insurance) Life insurance allowing policyholder to guarantee a determined capital for family protection.
• Retraite complémentaire entreprise (Corporate Complementary Retirement) Company complementary retirement plan for employee pension benefits covering corporate workforces.
• Prévoyance social entreprise (Corporate Social Protection) Corporate social protection against death risks or total permanent loss of autonomy for enterprise employees.
• Assurance Indemnités de Fin de Carrière (End-of-Career Indemnity Insurance) Career end benefits insurance managing retirement indemnities through progressive capital accumulation for employee departure settlements.
• Assurance Multirisque professionnelle (Professional Multi-Risk Insurance) Professional multi-risk insurance covering buildings, equipment, goods, and employee civil liability for damages caused to third parties.
• Assurance RC professionnelle (Professional Liability Insurance) Professional civil liability coverage integrated into multi-risk professional contracts for businesses.
• Assurance tous risques chantier (All-Risk Construction Insurance) All-risk construction insurance covering multiple risks during building projects for construction firms and developers.
• Assurance RC exploitation (Operating Liability Insurance) Operating civil liability insurance covering insured against financial consequences of bodily injury damages during business operations.
• Assurance Transport de marchandises (Cargo Transport Insurance) Goods and cargo transport insurance against transportation risks for businesses moving merchandise.
• Assurance RC transporteur (Carrier Liability Insurance) Carrier liability insurance covering presumed responsibility for all types of damages during transport operations.
• Assurance bris de machines (Machine Breakdown Insurance) Machine breakdown insurance providing adaptive and responsive protection for equipment damage in industrial operations.
• Caution financière (Financial Guarantee) Financial guarantee where the insurer commits to cover enterprise obligations to business partners.
• Assurance tous risques informatique (All-Risk IT Insurance) All-risk IT insurance guaranteeing complete protection of computer installations for businesses.
• Assurance autres dommages aux biens (Other Property Damage Insurance) Other property damage insurance covering losses from malicious acts including rising vandalism and miscellaneous property risks.
• Assurance RC chef d'entreprise (Business Owner Liability Insurance) Business owner liability insurance protecting entrepreneurs against potential claims related to their business activities.
• Assurance Individuelle Accidents Corporels (Individual Personal Accident Insurance) Essential contract covering policyholders against accident risks, including the associated student product delivered via Academia bank card for FONER students.
• Assurance RC scolaire (School Liability Insurance) School liability insurance indemnifying students for damages they may suffer during school activities.
• Assurance RC chef de famille (Family Head Liability Insurance) Family head civil liability insurance transferring coverage for material and bodily damages caused by the insured, their minor children, employees, animals, or property.
• Sérénité plus (Premium Family Protection) Premium protection product for family security and peace of mind, providing comprehensive family protection coverage.
• Coris Béogo Insurance product guaranteeing 1 million FCFA capital coverage for one year for individual subscribers.
• Coris Assistance voyage (Travel Assistance) Travel assistance service securing policyholders during foreign stays by providing coverage for travel-related risks.

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• AFRICA-REcoreOthersMajor African reinsurance partner providing reinsurance capacity and expertise to Coris Assurances.
• CICA-REcoreOthersRegional reinsurance company providing reinsurance support and risk management expertise.
• SCOR Global LifecoreOthersGlobal reinsurer providing life reinsurance capacity and actuarial expertise.
• FSA-REcoreOthersReinsurance partner providing additional capacity for risk coverage.
• A.R.C (African Reinsurance Company)coreOthersAfrican reinsurance partner contributing to risk distribution and capacity.
• Coris Bank InternationalcoreStrategic or Co-development PartnerParent company and primary distribution partner for bancassurance products. Insurance products distributed through banking branch network across Burkina Faso.
• Coris HoldingcoreStrategic or Co-development PartnerParent holding company overseeing Coris Group operations including banking, insurance, and asset management subsidiaries.
• Coris Group Entities (Coris Bourse, Coris Asset Management)minorStrategic or Co-development PartnerSister companies within Coris Group ecosystem enabling cross-selling and integrated financial services offering.
• Medical Network Partners (Clinics, Hospitals, Dental Cabinets)coreOthersExtensive network of healthcare providers across Burkina Faso including over 40 clinics, hospitals, and dental cabinets in Ouagadougou, Bobo-Dioulasso, and regional cities for health insurance claim processing.
• Fonds National pour l'Education et la Recherche (FONER)minorStrategic or Co-development PartnerGovernment education fund partnered with Coris Assurances for student accident insurance program associated with Academia bank card.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Old Mutual Africa: Old Mutual operates a multi-line insurance and financial services franchise across Africa, with overlapping life, savings and P&C offerings that compete with Coris Assurances in West Africa.
• Sanlam (Pan-African): Sanlam operates a wide life and general insurance franchise across Africa (including former Saham assets) and competes with Coris Assurances across both life and non-life lines in francophone Africa.
• AXA West and Central Africa: AXA operates broad life and P&C insurance businesses across francophone West and Central Africa; while not focused exclusively on Burkina Faso, it competes head-to-head with Coris Assurances in the same product categories and CIMA regulatory framework.
• Allianz Africa: Allianz provides multi-line life and P&C insurance across Africa through subsidiaries and partnerships; it is a broader incumbent whose regional footprint overlaps with Coris Assurances in the same CIMA-zone markets.
• SAHAM Assurance / Sanlam Maroc: Sanlam Maroc (formerly SAHAM Assurance) is a broad multi-line insurance incumbent in francophone Africa with bancassurance distribution; it competes with Coris Assurances for life, P&C and corporate customers in CIMA-zone markets.

Direct peers

• SUNU Assurances: SUNU Assurances is a leading multi-line insurance group operating across the CIMA zone in West and Central Africa, offering both life and non-life products with a comparable bancassurance and broker distribution model — making it one of the closest direct competitors to Coris Assurances in the region.
• SONAR (Société Nationale d'Assurance et de Réassurance, Burkina Faso): SONAR is a long-standing Burkinabe multi-line insurer offering life and non-life products in the same domestic market as Coris Assurances, representing one of the most directly comparable local competitors.
• NSIA Assurances: NSIA Assurances is a major West African insurance group providing life and non-life coverage across multiple CIMA countries, including Côte d'Ivoire and other francophone African markets, with a similar product breadth to Coris Assurances.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/corisassurances
• LinkedInlinkedin.com/company/coris-assurances

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coris Assurances