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47th General Assembly of FANAF: Côte d'Ivoire, the largest market in the CIMA zone with a total issuance of 465.1 billion CFA francs

22/02/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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La rencontre annuelle de Federation of African National Insurance Companies (FANAF) took place on 20 February 2023 in Kinshasa, DRC, a country where the The liberalization process initiated five years ago has seen the influx of companies from the region. On the sidelines of this meeting, it should be noted that the 14 member countries of the Inter-African Conference on Insurance Markets (CIMA) recorded 1.5 trillion FCFA in premiums in 2021, an increase of 10.6% compared to 2020.

Basée sur le thème “l' assurance African: how to make the most of its potential for shared prosperity”, this edition of FANAF s It focuses on several sub-themes. Indeed, the leading market in this first zone remains Côte d'Ivoire with a total issuance of 465.1 billion CFA francs, clearly standing out from Cameroon, with which it was more or less on an equal footing until 2010. Cameroon is in second place with 229.9 billion, but must watch its back because Senegal (3rd) generated 224.1 billion CFA francs in bonuses in 2021.

A noté que FANAF held this 47th meeting in partnership with the Association of Insurance and Reinsurance Companies of the Democratic Republic of Congo (ASAR-RDC).

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