The pandemic has shaken up all sectors of activity and the world of insurance is not spared. And reflections are necessary. This is the observation made by the president of Fanaf. The paralysis of all sectors of activity, because of Covid-19, has had, according to the latter, harmful effects.

Because César EKOMIE AFENE who chaired yesterday the opening ceremony of the sixth market forum, States, companies, individuals and their customers are strongly affected. This present forum, which is being held in Dakar, the Senegalese capital, is under the theme: “Fanaf markets put to the test by the Covid-19 pandemic. »

This burning topical theme will be divided into two (02) sub-themes, one of which will talk about the Impacts of Covid-19 on the Fanaf markets and the other will address post-pandemic perspectives.

Regarding the first sub-theme, President AFENE indicated that Fanaf, in order to obtain more comprehensive responses to the impacts of the crisis, sent a letter to all its members and the General Secretariat received twenty-six (26).

From these answers, he confides, "apart from the aspects of setting up control tools and the purely technical, financial and legal impacts relating to day-to-day management, which will be addressed during our work, we will note major concerns relating, among other things, to the need for support measures for companies in view of the many impacts of this health crisis on all the activities of our sector".

Also, the responses provided by the companies revealed the need to postpone the deadline for implementing the second tranche of the increase in share capital provided for by Regulation No. 007/CIMA/PCMA/CE/2016 amending and supplementing the Articles 329-3 and 330-2 of the Insurance Code relating to the share capital of public limited insurance companies and the establishment fund of mutual insurance companies, the revision of the legal provisions relating to the provision for risk of payment and the provision for depreciation of securities introduced by Regulation No. 001/CIMA/PCMA/CE/2016 amending and supplementing the financial regime and accounting rules applicable to insurance organisations.

In the same vein, the president of Fanaf elected at the last general assembly also maintains that the answers they received raised major concerns relating to the reorganization of the conditions of application of the legal assignment to the first franc to CICA-RE, the deferral of the application of Regulation No. 001/R/CIMA/SG/2020 relating to compliance with regulatory and contractual obligations in the context of reinsurance operations, and the acceleration of the implementation regulations on Mobile lnsurance and the encouragement of markets to introduce the dematerialization of insurance certificates.