The Société financière d’assurance (SFA) combines the three qualities of a good insurance operator approved by the Congolese regulator. The Director General of the Insurance Regulatory and Control Authority (ARCA), Alain Kaninda, spoke about these assets during the official presentation evening of this insurer, which shares this competitive insurance market with four other companies. The ceremony took place on 16 September 2019 in the Capitol Hall of Hotel Rotana in Kinshasa.

To assess these qualities, ARCA claims to have defined criteria that enabled it to grant approval to the SFA upstream as one of the first companies operating on the liberalised insurance market; and downstream, to monitor and evaluate the behaviour of these companies.

Technical and financial capacity is the first indicator used to restore confidence among economic operators and individual customers. If the Congolese market is characterized by an evasion of more than 90% against an adapted and consistent local offer, the SFA and other insurance operators therefore have the duty to continue to present on the market an absorption capacity to reassure their customers.

The local content. According to Alain Kaninda, it is imperative for approved companies to reserve positions of high responsibility for local (national) skills in management and shareholding.

Finally, Inclusiveness in the offer of services. All insurance companies such as the SFA have an obligation to take into account the middle class, which also needs to use their services.

« The liberalization of the insurance sector is a strong signal to attract investors to the country and this promising sector is one of the most promising sectors they are counting on to boost the DRC’s economy, » Alain Kaninda stressed.

This cocktail reception was attended by several personalities, including the Honorary First Lady and President of the NGO Initiative Plus, Marie Olive Lembe Kabila.

Nadine FULA