CIMA-AFD PROJECT The French Development Agency (AFD) and the Interafrican Conference of Insurance Markets (CIMA) signed a financing agreement (AFD Agreement N ° CZZ219801H) on March 02, 2017. I – The project’s objectives The main objective of the AFD-CIMA project is to strengthen the regulation of insurance markets in CIMA zones in order to enable healthy development of insurance that promotes financial inclusion and economic stability. The specific objectives are : i) The consolidation and consolidation of the market through the strengthening of the supervision capacities of CIMA and the five National Insurance Directorates (DNA) considered as priority (Burkina Faso, Cameroon, Ivory Coast, Gabon and Senegal) and the evolution of their supervisory practices (from supervision based on compliance to risk-based supervision); ii) Adaptation of the regulatory framework for insurance and microinsurance activities; iii) Strengthening the governance of CIMA and the DNAs of the five priority countries according to best practices and the international reference framework (IAIS standards: International Association of Insurance Supervisors). II – project components The project is subdivided into five (5) components : Component 1 : adaptation of the regulations; Component 2 : Strengthening the governance of CIMA and DNA; Component 3 : Strengthening the supervisory capacity of CIMA and DNA; Component 4 : Capitalization and Communication; Component 5 : Technical Assistance and Project Management. Share via:
