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CICA-RE: increasing 2019 turnover

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Magazine Issue: 
The virtuous cycle of training [3]
Magazine date: 
Jan 2020

CICA REAccording 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 [4] 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.

Mon, 06/01/2020 - 14:04

Source URL: https://www.atlas-mag.net/en/article/cica-re-increasing-2019-turnover

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[3] https://www.atlas-mag.net/en/issue/the-virtuous-circle-of-formation
[4] https://www.atlas-mag.net/en/article/cica-re-workshop-on-the-legal-cession