News Africa25 Oct 2021

Burkina Faso:Authorities rein in commission malpractices in life insurance sector

25 Oct 2021

Burkina Faso, one of the 14 member countries of the Inter-African Conference on Insurance Markets (CIMA), has decided to cap the commissions paid by life insurers to banks at 5% instead of 15%. This decision also prohibits paying commissions to bank account managers or staff.

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