CIMA Industry Research: Insurance

Image placeholder
High levels of premium receivables: a key rating restraint for short-term insurers and reinsurers in the CIMA zone
Industry Reports Insurance Cote d'Ivoire
  • CIMA Industry Research: Insurance
  • Year : Apr 2020
Access Now

Impairments of accumulated aged premium receivables undermine otherwise sound profitability. Although article 13 of the Conference Interafricaine des Marchés d’Assurance (“CIMA”) code should be reducing premium receivables for insurers, with the institution of cash and carry policies, many market participants in the CIMA zone continued to report significant amounts of premium debtors in their financial statements in 2019.

Additional Information

Overall, credit profiles of entities in the CIMA zone are expected to remain under pressures from high quantum of premium receivables, impacting more reinsurers’ financial profiles given insufficient regulatory intervention at their level. Meanwhile, sustained reductions of debtor balances at insurers levels need to be observed, considering recent relapses in markets with stronger regulatory environment.

Related Publication

Assurances CIMA

Bien que l'article 13 du code de la Conférence Interafricaine des Marchés d'Assurance (« CIMA ») devrait ré...

Nouvelle Compagnie Africaine de Reassurance (2017-04)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Three months in, the challenges are increasing but indications suggest that larger corporates may weather the storm.

  • GCR expects performance across almost all corporate sectors to remain weak for the remainder of 2020 due to a collapse of consumer confidence....
Available Purchase Options: