New blood at the General Secretariat of the Inter-African Conference on Insurance Markets (CIMA) with the election of Blaise Abel Ezo'o Engolo. Twelve of the fourteen countries of West and Central Africa that make up this organization set their sights on him on December 4, 2020 in Lomé, Togo, where the Cameroonian, the only candidate for the post. The information reported in the national press was confirmed by the Ministry of Finance, which led this candidacy

In accordance with current practice, the formalization of this appointment is hanging on the lips of the President of the Council of Ministers, which, in reality, is a mere formality. He will then be able to join his post in Libreville, Gabon, the seat of this institution. The new boss of the policeman of the insurance sector in Central and West Africa replaces his compatriot Issofa Ncharé, who spent five years there

We will have to wait until he takes office to know the roadmap of the new Secretary General of CIMA, even if everything suggests that his work will not be easy. Among other things, it will be a question of implementing the reforms undertaken in this sector, including the transition of the share capital to 3 billion FCFA beginning in May 2019, the delay in implementing this measure being noted

In all likelihood, one of the thorniest issues will undoubtedly be the transition of the share capital to 5 billion FCFA from May 2021, especially as insurance companies are seriously impacted by the health crisis linked to COVID-19. According to sources, some insurance companies are in favor of maintaining the registered capital at 3 billion “until we see the evolution of activities over the next two years.”

Previously Director of Insurance at the Ministry of Finance of Cameroon, Blaise Pascal Ezo'o Engolo is well acquainted with the insurance sector. Since December 2019, he has been chairman of the board of directors of the Compagnie de Réassurance des États Membres of the Interafrican Conference of Insurance Markets (CICA-RE).