Inter-African Conference on Insurance Markets
Conférence interafricaine des marchés d'assurances (CIMA)
1992-07-10 Yaoundé Cameroon
10 Jul 1992, Yaoundé (Cameroon), on signature of a Treaty by 14 African governments instituting an integrated organization of the insurance industry. Replaces H-XD1680 - Conférence internationale des contrôles d'assurance des Etats africains (CICA).
Reinforce and consolidate close cooperation in the field of insurance so that markets are capable of guaranteed coverage better adapted to African realities and taking account of contributing possibilities and risks of the agricultural and rural sector, as well as links to foreign trade where technically feasible; encourage, in view of augmenting retention at the national and regional level, installation of facilities allowing insurance and/or reinsurance organizations to bring about business exchanges using adequate techniques; make appropriate technical and mathematical provisions generated by operations of insurance and reinsurance, subject to technical requirements relative to insurance risks and the type of reinsurance coverage provided, as well as safety, liquidity, profitability and diversity, in order to allow local investment under the best conditions to profit the economy of member countries or the region; pursue training policy of management and technicians in the field fulfilling the needs of businesses and administrations in member countries; rationalize their human resources management through specialized and continuing education; create common structures, implementation definitions of policy guidelines and decisions in the above mentioned fields; harmonize and unify legislative and legal policy relating to technical operations of insurance/reinsurance with applicable controls of insurance/reinsurance organizations practised in their territory, as well as all other objectives likely to contribute to the industry, to development of management instruments and to methods of risk prevention in member states.
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K-XK0703 - Conseil des ministres des assurances (CMA); K-XK0755 - Commission régionale de contrôle des assurances dans les Etats africains (CRCA); General Secretariat. Specialized autonomous institutions set up under CICA and maintained under CIMA: U-XF1218 - Compagnie commune de réassurance des Etats membres de la CICA (CICA-RE); E-XK0671 - Institut international des assurances, Yaoundé (IIA).
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