Olivier Bustin, managing international adviser, writes with Célia Ampion, junior international adviser, the article "Reform of the Insurance Code".

This article addresses the reforms of the Insurance Code of 2018, the Inter-African Conference on Insurance Markets (CIMA), which aims to improve the legal and economic security of policyholders in the CIMA region. The requirement for a minimum share capital, whose value in 2016 has gone from 1 to 5 billion CFA francs, is now subject to more stringent control, the drawing-up of a standard policy is subject to new mandatory requirements, the prescription applicable to contracts life insurance is extended to 10 years and the range of sanctions that can be imposed by the Regional Commission of the CIMA is extended.

Read the article here.