Company

HISTORY

Established in 1981 by the Member States of the International Conference on Insurance Supervision (CICA), which became, since the signing of the CIMA Treaty : the Inter-African Conference on Insurance Markets in 1992 , CICA-RE commenced operations on 1 January 1984.
The tasks assigned to the Company are contained in the Agreement establishing it
. They essentially consist of :

  • promoting the development of national insurance and reinsurance business in member countries ;
  • supporting growth of national, regional and sub-regional underwriting and retention capacities ;
  • contributing to the economic development of Africa.

Its initial capital of 600 million gradually evolved to 10 billion by April 16, 2009, by cash contributions of 2,703 million and mainly by incorporation of profits realized year by year with a total amount of 6,697 million CFA F. Priority was thus given to strengthening the Company's financial base, rather than paying dividends.

Since 1999, CICA-RE has had a Regional Office in Douala (Cameroon), which mainly covers Central and East Africa.

The regional office of Abidjan (RCI), which has been operational since December 2011 covers West Africa (CIMA area), Guinea Conakry and Mauritania.

The staff of the CICA-RE amounted to 60 as at 31 December 2010, including 48 management staff and 12 auxiliary staff.

Discover CICA-RE

Established in 1981 by the Member States of the International Conference on Insurance Controls (CICA), which became the Inter-African Insurance Markets Conference in 1992, CICA-RE began operations on 1 January 1984.

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Key figures

SALES BY INSURANCE LINE (in million CFA F)

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