{"id":470928,"date":"2021-04-30T12:20:52","date_gmt":"2021-04-30T12:20:52","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=470928"},"modified":"2021-04-30T12:21:35","modified_gmt":"2021-04-30T12:21:35","slug":"insurance-cima-put-to-the-test-of-reform","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/04\/30\/insurance-cima-put-to-the-test-of-reform\/","title":{"rendered":"Insurance: CIMA put to the test of reform"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>A new era is opening for the Inter-African Conference on Insurance Markets (CIMA) with the entry into office of the new secretary general of this institution. Appointed in December 2020 as the head of the insurance sector regulator in West and Central Africa, Cameroonian Blaise Ezo&#8217;o Engolo officially took office at the end of April 2021 at the institution&#8217;s headquarters in Libreville, Gabon.<\/p>\n<p>While it is true that this is a change in continuity as noted by Nicole Jeanine Lydie Roboty Mbou, Gabonese Minister of the Economy in the presence of Calixte Nganongo, Congolese Minister of Finance and Budget, representing the President of the Council of CIMA insurance ministers, the new secretary general has a well-defined roadmap. In particular, it will be a question of continuing the work of structural reforms, including, from the end of May 2021, the increase in the share capital of insurance companies from 3 billion to 5 billion FCFA.<\/p>\n<p>In accordance with the decision taken by the regulator in 2016, mutual insurance companies had a period of three years to increase their share capital from CFAF 800 million to 3 billion while public limited companies had five years to increase their share capital. their share capital of 1 to 5 billion after an interlude of 3 billion in 2019. In addition to these provisions, insurance companies were ordered to have additional own funds greater than or equal to 80% of the share capital. Measures to which all insurance companies find it difficult to comply and which call for the regulator, for clarification against the backdrop of the sustainability of companies.<\/p>\n<p>According to reliable information, the outbreak of the health crisis linked to the coronavirus which is impacting activities has led insurance companies to ask the regulator to suspend the application of these measures at the risk of causing business bankruptcy. Several of them are campaigning for maintaining the share capital at 3 billion &#8220;the time to see the medium-term contours of the consequences of the Covid-19 pandemic&#8221;.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>A new era is opening for the Inter-African Conference on Insurance Markets (CIMA) with the entry into office of the new secretary general of this institution. Appointed in December 2020 as the head of the insurance sector regulator in West and Central Africa, Cameroonian Blaise Ezo&#8217;o Engolo officially took office at the end of April<\/p>\n","protected":false},"author":536282,"featured_media":470929,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11996,16200],"tags":[634,14663,18059],"class_list":{"0":"post-470928","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"category-insurance","9":"tag-cima","10":"tag-insurance","11":"tag-reform","12":"post_format-post-format-aside","13":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Insurance: CIMA put to the test of reform - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2021\/04\/30\/insurance-cima-put-to-the-test-of-reform\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-30T12:20:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-30T12:21:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2021\/04\/cima.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/30\\\/insurance-cima-put-to-the-test-of-reform\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/30\\\/insurance-cima-put-to-the-test-of-reform\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"Insurance: CIMA put to the test of reform\",\"datePublished\":\"2021-04-30T12:20:52+00:00\",\"dateModified\":\"2021-04-30T12:21:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/30\\\/insurance-cima-put-to-the-test-of-reform\\\/\"},\"wordCount\":328,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/30\\\/insurance-cima-put-to-the-test-of-reform\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/cima.jpg\",\"keywords\":[\"CIMA\",\"insurance\",\"reform\"],\"articleSection\":[\"Finance\",\"Insurance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/30\\\/insurance-cima-put-to-the-test-of-reform\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/30\\\/insurance-cima-put-to-the-test-of-reform\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/30\\\/insurance-cima-put-to-the-test-of-reform\\\/\",\"name\":\"Insurance: CIMA put to the test of reform - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/30\\\/insurance-cima-put-to-the-test-of-reform\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/30\\\/insurance-cima-put-to-the-test-of-reform\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/cima.jpg\",\"datePublished\":\"2021-04-30T12:20:52+00:00\",\"dateModified\":\"2021-04-30T12:21:35+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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