Saturday, 16 October 2021

B Business

NIGERIAN INSURANCE: Nigerian insurers in Francophone countries seek access to CIMA markets

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NIGERIAN insurance companies with offices in francophone countries are seeking approval to access markets in the Inter-African Insurance Markets Conference area.

 

One of the companies, Continental Re’s, through its regional office in Côte d’Ivoire, has received the approval of the regional insurance control commission to enter the CIMA.

Investigations reveals that the introduction of new rules is expected to gradually change this, as stricter minimum capital requirements from the CIMA which oversees insurance regulation in 15 regional markets, take effect. 

CIMA countries are Benin, Burkina Faso, Cameroon, Central African Republic, Comoros, Chad, Cote d’Ivoire, Gabon, Guinea, Equatorial Guinea, Mali, Niger, Senegal, and Togo.

 

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