Senegal:New minimum capital requirement increases pressure on small insurers

14 Aug 2023

The new requirement for insurance companies to increase their minimum capital to FCFA5bn ($8.4m) can put pressure on the profitability of companies, especially for those that are smaller or have lower profit margins, says Mr Mamadou Dème, director of insurance at the Ministry of Finance and Budget.

Africa eWeekly Newsletter is available to eAfrica subscribers only.

Please login to read the full news

Please Click here to subscribe to Africa eWeekly.

Name*

Email*

Comment*

Code Verification*

Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

Error : Object reference not set to an instance of an object.