The NSIA Group is increasing the share capital of 13 of its subsidiaries operating in seven countries (Gabon, Senegal, Congo, Mali, Cameroon, Togo and Benin) within the area governed by the Inter-African Conference of Insurance Markets (CIMA).
Through this recapitalization operation NSIA complies with the new share capital requirements imposed by the CIMA. This increase does not concern the three other subsidiaries as they have been meeting the minimum capital requirements for a long time.
According to Jean Kacou Diagou, President of NSIA, this operation confirms the financial solidity of his group. In West and Central Africa, NSIA owns 16 insurance subsidiaries equally divided between life and non-life activities. By late 2017, the total written premiums have reached 119 080 million FCFA (217.9 million USD).