The FANAF (federation of African national insurance companies)

FANAF (Fédération des Sociétés d’Assurances de Droit National Africaines) was created on March 17, 1976 in Yamoussoukro (Cote d’Ivoire). Its head office is located in Dakar (Senegal).

It federates 106 insurance and reinsurance companies operating across the following countries: South Africa, Benin, Burkina Faso, Cameroon, Central African Republic, Congo, Cote d’Ivoire, Gabon, Guinea, Mali, Mauritania, Niger, Nigeria, Democratic Republic of the Congo, Rwanda, Senegal, Chad, Togo, Tunisia.

Mission Statement

• The promotion of insurance and reinsurance in Africa
• The representation and defense of the profession's interests
• The creation of reflection and cooperation structures interested in insurance and reinsurance
• The training of insurance employees
• The publication of journals, documents and brochures about insurance and reinsurance
• The vulgarization of insurance and reinsurance
• The promotion of professional relations among member companies

FANAF authorities

The General Assembly

It regroups all the member companies. Each company is represented by a member. The General Assembly of the Federation usually meets once a year. It is chaired by the President, or the Vice-President if needed. It takes care of all the questions relative to the functioning of the Federation such as:

• elects the members of the Executive Board
• fixes the main orientations of the Federation
• approves the financial statements  
• fixes membership fees  
• modifies statutes
• votes any resolution that does not fall under the competence of another body
• appoints auditors

The Executive Board

It is made up of five to seven members: a President, a Vice President, and three to five members. As the executive body of the Federation, the Excecutive Board:

• sees that decisions made by the General Assembly are executed
• makes decisions in the interval of General Assembly meetings
• rules on membership applications
• makes proposals to the General Assembly regarding statute changes

The Permanent Secretariat (executory body)

The Permanent Secretariat represents the Federation. Its mission is to:

• execute the decisions of the General Assembly
• communicate the resolutions of the General Assembly to the members
• collect, publish and distribute any useful information on insurance
• prepare the organization of the general assemblies in cooperation with the Executive Bureau
• execute technical and administrative tasks requested by the organization
• repare all the technical reports and surveys requested by the organization
• execute any other task that the Executive Board and the General Assembly request