The Central Bank of Mauritania (BCM) aims to launch a comprehensive reform process for the insurance sector in Mauritania, strengthen its economic and investment role, and develop its legal and institutional framework to enable it to adapt to economic changes and provide more effective protection for policyholders.
Global broking business, Brokerslink, has added brokers from Mauritania and the Ivory Coast to its network. The two new additions bolster its network which has broking partners and affiliates in 41 countries across the African continent.
The Insurance Supervision Department of the Ministry of Finance is working on reforms to enable the insurance sector to fully play its role in the country's economic development, according to Mr Abdallahi El Garachi, president of the FANAF 2024 Organising Committee.
Pan-African financial services group Sunu has received approval in Mauritania in northwestern Africa for its local unit called Sunu Assurances Mauritania.