In the DRC, $58 million USD were paid out in compensations to victims in 2024, compared to $2 million USD in 2018, according to data released on December 27, 2025 by the Insurance Regulatory and Control Authority (ARCA).
According to the 2023-2024 report on the state of the insurance market, compensations only amounted to $2 million in 2018. In 2024, out of a volume of $377 million in premiums and contracts subscribed, $58 million were actually paid out to victims, “evidence that the compensation mechanism is now working,” said Alain Kaninda Ngalula, CEO of ARCA.
This progress, he also explained, reflects a significant strengthening of policyholders’ trust in insurance companies, with ARCA’s main mission being to ensure the protection of policyholders. This dynamic also translates into an increased contribution of the sector to the national economy, particularly through the financial investments of insurers.
“A portion of the premiums collected is now invested in Treasury bonds. In 2024, nearly $80 million were placed in the banking system, actively contributing to the financing of the economy,” he noted, also highlighting the increasing fiscal contribution of the sector through VAT and income tax.
Financially, the CEO of ARCA reported a continuous improvement in the equity and solvency margin of operators since the liberalization of the sector in 2019. Growth was 5% in 2022, 6% in 2023, before exceeding 20% in 2024.
According to him, insurance companies’ commitments are largely covered by their own funds, attesting to their financial strength and ability to fulfill their obligations. “Congolese market operators are solvent and this solvency is improving year after year. The majority of companies, now entering a profitability phase, are strengthening their equity through profits earned,” he said, indicating that the sector should achieve widespread positive profitability starting in 2026.
The fiscal contribution of insurers has also seen a significant evolution, increasing from $9 million USD in 2019 to $58 million USD in 2024, according to figures provided by ARCA.
For the coming years, the regulator has high ambitions: to grow the insurance market in the DRC to $600 million by 2026, with the goal of surpassing the billion-dollar mark by 2030.
To achieve these goals, ARCA relies on five strategic axes: raising awareness and popularizing the insurance code, digitalization and the development of innovative channels, strengthening control of operators, combating premium evasion and enforcing mandatory insurance, as well as developing life insurance and inclusive insurance to better meet the needs of the population.
