Commission Régionale de Contrôle des Assurances (Regional Insurance Supervisory Commission) CRCA
Supervises
Insurance
Who they are
The treaty names the CRCA as the regulator of the Conférence; it supervises insurance companies in all member states.
What they do
Carries out on-site and off-site inspections, orders corrective measures and imposes disciplinary sanctions, including fines, withdrawal of approval and transfer of portfolios (Art. 17). Its published decisions include warnings, reprimands, fines, suspension of governing bodies and bans on practising. Its binding opinion is needed before a minister approves an insurer (Art. 20-1).
Enforcement by this regulator
| Date | Entity | Action | Penalty | Source |
|---|---|---|---|---|
| 14 Dec 2024 | Momar Sourang (individual (chairman of an insurer's board)) | Formal Reprimand | — | official |
| 14 Dec 2024 | Mor Adj (individual (director general of an insurer)) | Formal Reprimand | — | official |
| 20 Apr 2024 | Hamadou Mbackiou FAYE (individual (chairman of an insurer's board)) | Formal Reprimand | — | official |
| 20 Apr 2024 | Ibrahima SOW (individual (former director general of an insurer)) | Formal Reprimand | — | official |
| 20 Apr 2024 | Société Assurances La Sécurité Sénégalaise (ASS) (insurer) | Formal Reprimand | — | official |
| 16 Sep 2023 | Société AMSA Vie Sénégal (insurer) | Formal Reprimand | — | official |
Latest news
No news tagged to this regulator yet.
Related regulators
Others in Senegal supervising overlapping sectors.