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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe Director General of the Insurance Regulation and Control Authority (Arca), Alain Kanyinda Ngalula, and the Inspector General of Finance, Jules Alingete, have announced a joint mission to enforce the insurance law. The objective is to maximize tax revenue for the Congolese state.
A joint mission is in perspective to recall the obligation to strictly respect the law of March 17, 20215 which prohibits the taking out of direct insurance abroad, for a risk concerning a person, property or liability located on national territory, or with a company not approved by the ARCA to carry out insurance operations in the Democratic Republic of Congo (DRC). According to Arca estimates, only 7% of the insurance market is actually captured. The rest is divided between premiums written abroad, fronting and uncontrolled reinsurance, or segments not fully addressed.
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