Ivory Coast insurance – high-risk rating
24 January 2011
Civil unrest following the disputed presidential elections has led to Ivory Coast insurance being re-rated by Lloyd’s syndicates to the same risk category as Afghanistan.
The elections held on 28th November 2010 appeared to be won by Mr Alassane Ouattara. Outgoing President Gbagbo refused to accept the result and tensions have led to fighting among followers of both men. Mr Gbagbo caused international concern on 18th December when he called for UN and foreign forces to leave the country. There has been widespread instability in Abidjan, the major commercial city of Ivory Coast and a number of people have been killed. The British Ambassador was asked to leave on 6th January 2011.
Ivory Coast has only just enjoyed a brief period of stability following vicious civil unrest that saw the country torn apart between 2002 and 2007. The fear is that the country may dissolve into civil unrest once again, unless the two parties can reach a settlement soon.
The British Foreign Office is advising British citizens not to travel to the Ivory Coast. Insurance taken out under standard policies is unlikely to be valid. Anyone who must travel there, expatriates already living in Ivory Coast or people considering work in the country, need to arrange specialist insurance that does not exclude war, civil unrest or terrorism.
If you have to travel to Ivory Coast or are working there now, our expert team can give you an independent assessment of your current insurance, and help to arrange Ivory Coast insurance that will be valid no matter how the situation develops: +44 (0) 1242 584 558.