Autorité de Contrôle des Assurances et de la Prévoyance Sociale (Insurance and Social Welfare Supervisory Authority) ACAPS
Supervises
Insurance
Source pages
Who they are
The public authority that supervises insurance, reinsurance, insurance intermediaries and social welfare bodies.
What they do
Monitors the solvency of insurers and the long-term financial sustainability of social welfare schemes, checks compliance with sector rules, follows commercial practices and handles complaints. Law 64-12 also makes it responsible for checking that supervised entities comply with the anti-money-laundering law 43-05 (Art. 8) and lets it publish the sanctions it imposes (Art. 50).
Key laws & regulations issued
- Circular Circulaire n° AS/02/19 du 25 septembre 2019 relative aux obligations de vigilance et de veille interne incombant aux entreprises d'assurances et de réassurance et aux intermédiaires d'assurances (Circular AS/02/19 on due diligence and internal monitoring duties of insurers, reinsurers and intermediaries) 2019
- Act Loi n° 64-12 portant création de l'Autorité de contrôle des assurances et de la prévoyance sociale (Law No. 64-12 establishing the Insurance and Social Welfare Supervisory Authority)
Latest news
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