Regional Insurance Control Commission Explained

The Regional Insurance Control Commission (French: Commission Régionale de Contrôle des Assurances, CRCA) is a supranational insurance supervisor established in 1993 and based in Libreville, Gabon. It is the single authority for insurers in the eight countries of the West African Monetary Union (French acronym UMOA), the six countries of the Economic and Monetary Community of Central Africa (CEMAC), as well as the Comoros, thus covering 15 countries in total: Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Comoros, Equatorial Guinea, Gabon, Guinea Bissau, Ivory Coast, Mali, Niger, Republic of the Congo, Senegal, and Togo.

Overview

The CRCA is the regulatory and supervisory arm of the (French: Conférence Interafricaine des Marchés d'Assurances, CIMA), a regional body that seeks to promote insurance market development.^[1] The statute of the CRCA was signed in Abidjan in September 1993,^[2] and it started operations in August 1995.^[3] The members of the Commission include representatives of the ministry of charge of the insurance sector in six of the participating countries.^[4]

Leadership

• Ahmadou Kourouma, Chairman 1995-1997
• Frédéric Dabira Nikienta, Chairman 2002-2008^[5]
• Demba Samba Diallo, Chairman 2008-2014^[6]
• Bédi Gnagne, Chairman 2014-2020^[7]
• Mamadou Sy, Chairman 2020-2023^[8]

See also

• Banking Commission of the West African Monetary Union (CB-UMOA)
• Central African Banking Commission (COBAC)
• Financial Markets Authority of the West African Monetary Union (AMF-UMOA)
• Central African Financial Market Supervisory Commission (COSUMAF)
• European Insurance and Occupational Pensions Authority (EIOPA)
• List of financial regulatory authorities by jurisdiction

Notes and References

1. Web site: Financial Afrik . Assurance: le CRCA se réunit à Dakar sous fond d’interrogations du marché . Adama Wade . .
2. Web site: Conférence Interafricaine des Marchés d'Assurances . Regional Insurance Control Commission (CRCA): Constitution.
3. Web site: UIA Global Civil Society Database . Commission régionale de contrôle des assurances dans les Etats africains (CRCA) .
4. Web site: Conférence Interafricaine des Marchés d'Assurances . Regional Insurance Control Commission (CRCA): Members.
5. Web site: JuriAfrica . Circulaire N°00174/C/CRCA/CIMA/PDT/ 2002 à l'attention des directeurs nationaux des assurances .
6. Web site: JuriAfrica . Décision N° 0003/CIMA/PCMA/PCE/08 du 02 avril 2008 portant nomination du président de la Commission Régionale de Contrôle des Assurances (CRCA) .
7. Web site: Abidjan.net . L'Ivoirien Bédi Gnagne reconduit à la tête de la Commission régionale de contrôle des assurances (CRCA). .
8. Web site: FANAF . Décision N°0001/CIMA/PCMA/PCE/2020 Portant Nomination du Président de la Commission Régionale de Contrôle des Assurances (CRCA) . .