Report on all of CIMA’s insurance markets 2011 financial year The market rebound and recovery of the global economy that began in 2010 has been short-lived because global economic activity slowed in 2011. The growth rate of the Gross Domestic Product worldwide fell from 5% in 2010 to 3.8% in 2011. In a context marked by the slowdown, the improvement of the legal and regulatory framework of the Inter-African Conference Insurance Markets (CIMA) in recent years has helped to maintain the financial strength and solvency of insurers in our area at a satisfactory level. In order to perpetuate this requirement, 2011 essentially saw reforms relating to: – the issue of premium arrears; – the approval of the Statutory Auditors of insurance companies; – the suspension of the transaction facility provided for in Book II of the Insurance Code. Télécharger (PDF, Unknown)
