Country Dashboards

94 mn
US$57 bn
Inflation rate

Insurance Premiums

Total Premiums
Insurance market data
Life premium volume (USD) 0
Non-life premium volume (USD) 66 mn
Total premium volume 66 mn
Total premium volume (CDF) 60 bn
Insurance penetration: Premiums in % of GDP 0.31%
Insurance density: Premium / capita USD 1
Local currency CDF
Market Composition
Domestic life insurers 0
Domestic non-life insurers 0
Domestic composite insurers 0
Foreign life insurers 3
Foreign non-life insurers 6
Foreign composite insurers 0
Domestic reinsurers 0
Foreign reinsurers 1
State-owned insurers 1
State-owned reinsurers 0
Insurance intermediaries 0
Reinsurance intermediaries 0
Insurance Regulatory Authority
AUTORITE DE REGULATION ET DE CONTROLE DES ASSURANCES 16, avenue Pumbu, Gombe-Kinshasa République Démocratique du Congo

Regulatory Provisions

Scope of insurance regulation and supervision
Overarching principle in insurance supervision Financial supervision
Requirement for minimum insurance rates Yes
Cross-border insurance allowed No
Bancassurance is allowed Yes
Allowed ownership structures Stock Companies, Mutuals
Foreign ownership restrictions No
Minimum capital requirement 10000000000
Minimum paid-up share capital 3000000000
Requirement for independent audits Yes
Requirement to appoint actuaries No
Premium rate approval needed No
On-Going Supervision
Solvency referred to as the difference between assets and liabilities No
RBC (Risk-based capital) principles applied No
Ceded reinsurance is regarded as a permissible asset Yes
Compulsory insurance lines Motor TPL, Cargo Import, CAR/EAR
Compulsory reinsurance cessions Yes
Insurance companies in difficulties
Established guarantee or policyholder protection fund No
The Africa Re office that supports this location is: