The Insurance Industry in the Republic of the Congo, Key Trends and Opportunities to 2018

Date: 2015-09

The insurance industry in the Republic of the Congo (the Congo) is relatively small and underdeveloped, and had only five operational companies as of 2011. Key factors affecting the industryโ€™s performance during the review period include poverty and the global economic crisis. According to the International Monetary Fund (IMF), the poverty rate stood at 46.5% in 2011. The industry driver is the non-life segment, which accounted for 84.6% of the total gross written premium in 2013. The Confรฉrence Internationale des Marchรฉs dโ€™Assurances (CIMA), which was established on July 10, 1992, is the official industry regulator.

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