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These figures show an increase of 8.1 billion CFA francs in relative value, and 21.21% in absolute value compared to the previous year for a profit of 4.1 billion CFA francs against 3.7 billion CFA francs. CFA francs.
"The net profit generated this year is the result of a rigorous underwriting policy and the induced effects of measures to reorganize the markets of the Interafrican Conference of Insurance Markets (CIMA)". said the president of the board of directors of CICA-RE, Prisca Nlend.
In other words, "this result is enhanced by the adoption at CICA-RE since the closing of the accounts of the 2013, internationally recognized actuarial methods for the determination of technical provisions, "she said.
The institution's development strategy for the period 2009-2020 continues to be organized around the main axes , notamme the strengthening of the financial area, the healthy growth of turnover, the opening of new offices across Africa, the optimization of financial operations and the good policy of dividend distribution.
Given the highly competitive environment of international finance "which continues to amplify requirements," Finance Minister Louis-Paul Motazé encouraged CICA-RE to strengthen measures to increase the rate of retention of insurance premiums in the CIMA zone and, in turn, reduce the exit of currencies aspired by foreign reinsurance companies.
For example, there is an improvement in responsiveness to changes in the financial community, with a focus on transformation. Digest of African Insurance and Reinsurance
APA / te / APA
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