CICA-RE: increasing 2019 turnover

According Jean Baptiste Kouamé, general manager, the Compagnie Commune Africaine de Réassurance (CICA-RE) ended the year 2019 with a turnover of 65 billion FCFA (110.9 million USD) that is 2 billion FCFA (3.41 million USD) more than the initial forecast.

Since 1 January 2020, CICA-Re has benefited from a 5% mandatory legal cession on all direct business of CIMA's insurance companies. This cession could bring the company's turnover to 110 billion FCFA (187.7 million USD) by the end of 2020.