Report on all of CIMA’s insurance markets

2012 financial year

2012 was marked by a slowdown in global economic growth following the drop in
global demand, the recession in the euro zone, the uncertainties about the budgetary wall and the capping of the American debt.
The growth rate of the Global Gross Domestic Product fell from 3.9% in 2011 to 3.1% in 2012.
In this conjuncture marked by a fall in the regime, the strengthening of the legal and regulatory framework of the Inter-African Conference on Insurance Markets (CIMA), has made it possible to maintain the financial solidity and solvency of insurance companies.
In order to perpetuate this requirement, 2012 essentially saw reforms relating to:
– the organization of microinsurance operations;
– making new mortality tables;
– the widening of the range of assets admitted to represent regulated commitments.

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