Development of synergies with financial institutions
Finafrica is carrying out acquisitions of insurance companies with the aim of establishing, by the end of 2020, a pan-African network in 5 countries in Central and West Africa. These, integrating the Finafrica network, have the opportunity to comply with the capitalization standards prescribed by the Inter-African Conference of Insurance Markets (Cima). The growth strategy is mainly based on international expansion and the development of digital solutions.
To do this, Finafrica has partnered with a French group specializing in digital insurance which allows insurance companies to integrate the Finafrica network to revolutionize their information systems while improving their productivity and profitability.
Through this, insurance companies develop partnerships with these institutions with the aim of offering microinsurance and bancassurance offers.
Finafrica is developing an agricultural insurance offering in parallel with its rural credit offering.
