The success of an acquisition of an insurance company depends on a minimum of due diligence. In one of his contributions, Madiou SOUMARÉ, Certified Public Accountant MBA Risk Management, Founding CEO of IAAS-Senegal presents 10 steps to be taken as part of the audit work to give the acquisition process a better chance.

There are customary protection techniques in the context of acquisitions. Madiou SOUMARÉ offers 10 interesting due diligences to carry out at least when acquiring an IARD or life insurance company in the context of external growth. These include challenging the net income displayed, paying particular attention to the composition of the portfolio, paying attention to the tax magma, testing the adequacy of technical provisions, having reinsurance accounts, making the adjustment and suspense accounts more reliable. , ensure the liquidity of receivables, take into account the reality of cash flow and the profitability of financial assets, check the company's off-balance sheet commitments, test the robustness of the coverage rate and the solvency margin. The acquisition of an IARD or Life insurance company in the financial and accounting field can constitute an additional guarantee in the context of securing the transaction.