Magazine date:
Feb 2007 With a 2006 turnover of 20 billion Ar (10.3 million USD) against 18.846 billion Ar (9.7 million USD) in 2005, the Malagasy insurance and reinsurance company confirms its resistance to competition especially following the arrival of a second foreign operator on the market.
Being present in 22 areas of the country, Ny Havana is proposing a range of over 70 products adapted to its customers.
The Malagasy market, which was shared for a long time by the two national companies ARO and Ny Havana, has recently been opened up to international competition. The Ivorian group Colina and the French one AGF are the two new insurers to be licensed in Madagascar.