INTER-AFRICAN CONFERENCE ON INSURANCE
Organization, Expectations, Challenges and Outlook
A/ Treaty and Member States
July 10, 1992 in Yaoundé (Republic of Cameroon):
Signature of the Treaty establishing an integrated
organization of the insurance industry in the African
Benin, Burkina Faso, Cameroon, Central African
Republic, Comoros, Congo, Côte d’Ivoire, Gabon,
Equatorial Guinea, Guinea Bissau, Mali, Niger,
Senegal, Chad and Togo.
New member: Guinea Bissau, April 14, 2002 in Yaoundé.
B/ CIMA’s constituent bodies
B 1°/ Council of Ministers
This is the governing body of the Conference. It:
- ensures political coherence of the institutional mechanisms;
- establishes CIMA’s budget;
- appoints members of the Regional Commission for Insurance Supervision
(Commission régionale de contrôle des assurances, CRCA) and the
managers of the General Secretariat;
- defines, modifies or augments common regulations;
interprets the provisions of the Insurance Code;
- hears appeals filed by companies against decisions rendered by the
- holds two (2) regular meetings each year.
The Chairmanship is occupied by each Member State in rotation.
It is composed of the Finance Ministers of CIMA’s Member States.
B 2°/ Regional Commission for Insurance Supervision (Commission régionale
de contrôle des assurances, CRCA)
CRCA is the regulatory body of the Conference. It:
is responsible for documents-based and on-site monitoring of insurance
- provides general oversight and helps organize national insurance markets;
- expresses an opinion on licensing requests from insurance companies and
their managers. The granting of such licenses by the Ministry responsible
for insurance is subject to this opinion;
ensures that the provisions of the law are respected;
possesses the widest sanctioning powers: e.g., warnings, reprimands,
limitation or interdiction of some or all o