NSIA Vie Assurances Bénin : 2019 results

NSIABy the end of 2019, NSIA Vie Assurances Bénin recorded a turnover of 4.241 billion FCFA (7.252 million USD).

Its net result stood at 447 million FCFA (764 000 USD).In accordance with the new capitalization requirement, NSIA Vie, has recently increased its capital from 1 to 3 billion FCFA (1.744 million USD to 5.232 million USD), 1.798 billion FCFA (3.074 million USD) of which comes from the shareholders' equity.

Such operation has enabled the life insurer to improve its solvency margin which reached 260% by the late 2019.

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