Inter-African Conference on Insurance Markets

Conférence interafricaine des marchés d'assurances (CIMA)

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Contact Details

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History

10 July 1992, Yaoundé (Cameroon), on signature of a Treaty by 14 African governments instituting an integrated organization of the insurance industry. Replaces International Conference of African States on Insurance Supervision (CICA).

Aims

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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Activities

Carries out regular on-sight controls of insurance companies operating in member countries through the Regional Commission of Insurance Control; evaluates financial situation of companies and, where necessary, takes measures of rectification or sanctions. Treaty sets out a 'Single Code' for insurance. Organizes: meetings; Expert Committee meetings; round tables; CIMA Days.

Structure

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Languages

French.

Staff

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Financing

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Relations with Inter-Governmental Organizations

Relations with 10 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 4 non-governmental organizations.
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Publications

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Members

Members in 15 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Insurance
    • Market

UN Sustainable Development Goals **

UIA Org ID

D4487

Last News Received

2011
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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