Investor Presentaiton
Regulatory constraints
Regulation in transition
Insurance code not principles
based, will hamper access,
reinsurance and innovation
Significant new regulation/ policies underway. Some uncertainty on
implementation.
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Promulgation of the Insurance Code and liberalization.
Regulation on leasing.
Agency banking regulation under preparation.
Payment system regulation.
Credit bureau
De-dollarisation
Law is not harmonized with international standards (IAIS, OHADA), will limit
entry & hamper reinsurance. Innovation severely constrained.
Law is too detailed & prescriptive for an insurance law, not sufficiently
principles based
Micro-insurance is not provided for & cannot be accommodated under
specified rules of the law, leading to exclusion of largest portion of the
Congolese market.View entire presentation