What CICA-RE does

CICA-RE (Compagnie Commune de Réassurance des Etats Membres de la Conférence Interafricaine des Marchés d'Assurances) is a community reinsurer created in 1981 by 12 founding member states of the CIMA zone, headquartered in Lomé, Togo. It provides treaty and facultative reinsurance capacity to insurance and reinsurance companies across 14 CIMA member states (Benin, Burkina Faso, Cameroon, Central African Republic, Congo, Côte d'Ivoire, Gabon, Mali, Niger, Senegal, Chad, Togo, plus Guinea Conakry and Mauritania covered by the West Africa bureau), and selectively extends coverage to the rest of Africa, the Middle East, Asia, and Latin America. The shareholder base comprises the founding states plus 64 insurance/reinsurance companies and 4 financial institutions (BAD 5.47%, BOAD 1.87%, CNPS CI 9.11%, FSA), aligning the company structurally with its cedant base.

The company operates two core product lines: Non-Life Reinsurance (energy, automobiles, aviation, technical risks, accidents, civil liability, transport, fire, agriculture) and Life Reinsurance (mortality, morbidity). Its distribution is organized through four production centers — Lomé HQ, West Africa regional bureau in Abidjan (operational 2011), Central Africa regional bureau in Douala (operational 1999), and a North Africa branch in Tunis (opened March 2018) — plus a contact bureau in Nairobi for East Africa outreach. The proprietary Plateforme Digitale Cession Légale au 1er Franc enables electronic processing of mandatory legal cessions at the first franc. A multi-year Programme de modernisation du Système d'Information is in progress to overhaul the integrated reinsurance management information system.

CICA-RE generates revenue primarily through reinsurance premiums (subscription/recurring), with FY2024 revenue of 136.518 billion FCFA (+16.10% YoY) split across non-life (51.244 billion FCFA, 37.54% of total), life (11.582 billion FCFA, 8.48%), and investment income (7.3 billion FCFA, +14.6% YoY) on a 261.826 billion FCFA balance sheet. Net income was 11.3 billion FCFA with ROAE of 10.2%. Go-to-market is enterprise field sales via treaty negotiations, facultative placements, commercial missions, and annual cedant seminars. AM Best B and GCR ratings underpin credibility for international placements.

Name

CICA-RE

Legal name

Compagnie Commune de Réassurance des Etats Membres de la Conférence Interafricaine des Marchés d'Assurances

Website

https://cica-re.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

51–100 employees

Short description

CICA-RE is the designated community reinsurer for the 14 CIMA-zone African member states, providing treaty and facultative reinsurance (life and non-life) to 64 cedant insurance companies. Founded in 1981 and headquartered in Lomé, Togo, it operates through four regional production centers across Africa.

Ownership category

akta.pro rank

Product category

Reinsurance Services

NAICS

Reinsurance Carriers (524130), Insurance Carriers (5241), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399), Life Insurance (6311)

akta.pro primary industry

Casualty Facultative Reinsurance (FSAOAFAB)

akta.pro secondary industries

Property Facultative Reinsurance (FSAOAFAA), Facultative Life Reinsurance (FSAOAFAJ), Facultative Professional Liability Reinsurance (FSAOAFAG), Facultative Catastrophe Reinsurance (FSAOAFAC)

Keywords

• Reinsurance services
• Non-life reinsurance
• Life reinsurance
• Risk transfer
• Treaty reinsurance

Headquarters

HQ city

Lomé

HQ country

Togo

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Reinsurance Premiums (Non-Life): Non-life reinsurance premiums form the dominant revenue stream, covering energy, automobiles, aviation, technical risks, accidents, civil liability, transport, fire, and agriculture. Non-life production reached 51.244 billion FCFA in 2024 (37.54% of total revenue), up 8.71% from 2023.
2. Reinsurance Premiums (Life): Life reinsurance premiums represent a growing revenue stream. Life operations generated 11.582 billion FCFA in 2024 (8.48% of total revenue), up 20.18% from 2023. Growth reflects strengthening life underwriting capabilities across CIMA member states.
3. Investment Income: Investment returns on the company's asset base contributed 7.3 billion FCFA in 2024, up 14.6% year-over-year. The company's total balance sheet of 261.826 billion FCFA supports a substantial investment portfolio, generating stable non-technical income.
4. Technical Assistance and Advisory Services: CICA-RE provides technical assistance, training, risk analysis, product conception and launch support, and actuarial evaluation services to cedant insurance companies, generating service fee revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

CICA-RE is the community reinsurer for the CIMA zone, providing treaty and facultative reinsurance coverage to insurance companies (cedants) for non-life risks (energy, automobiles, aviation, technical risks, accidents, civil liability, transport, fire, agriculture) and life risks (mortality, morbidity). In addition to reinsurance capacity, the company provides technical assistance, training, risk analysis, product design support, and actuarial evaluation services to cedants across its 14 CIMA member states and selected international markets.

Product overview

CICA-RE is a community reinsurer for the CIMA (Conférence Interafricaine des Marchés d'Assurances) zone, offering two core reinsurance products: Non-Life Reinsurance (Réassurance Non-Vie) covering property, casualty, energy, aviation, transport, and fire risks, and Life Reinsurance (Réassurance Vie) for life and health insurance risks. The company operates through a network of production centers including its Headquarters in Lomé, Regional Bureaus in West Africa (Abidjan) and Central Africa (Douala), and a Branch in North Africa (Tunis). A key digital initiative is the Legal Cession Platform at the First Franc (Plateforme Digitale Cession Légale au 1er Franc), which enables electronic processing of mandatory cessions. The company also provides technical assistance and advisory services to cedants.

Differentiator

Problem solved

Functional benefit

Products and services

• Réassurance Non-Vie (Non-Life Reinsurance) Reinsurance coverage for non-life risks including energy, automobiles, aviation, technical risks, accidents, civil liability, transport, fire, and oil & energy. Delivered to cedant insurance companies via treaty (proportional and non-proportional) and facultative arrangements. Non-life production reached 51.244 billion FCFA in 2024, representing 37.54% of total revenue.
• Réassurance Vie (Life Reinsurance) Life reinsurance products covering mortality, morbidity, and related life insurance risks for cedant insurance companies across CIMA member states. Life operations generated 11.582 billion FCFA in 2024 (8.48% of total revenue), up 20.18% year-over-year.
• Plateforme Digitale Cession Légale au 1er Franc (Legal Cession Digital Platform) Proprietary digital platform enabling cedants to electronically submit and manage mandatory legal reinsurance cessions (bordereaux sinistres) at the first franc. Supports the regulatory cession workflow required of CIMA-zone cedants.
• Assistance Technique (Technical Assistance Services) Advisory and capacity-building services for cedant insurance companies including portfolio analysis, risk evaluation, provision assessment, new product design and launch support, and actuarial evaluation. Generates professional-services fee revenue.
• Promotion des Sociétés (Insurance Market Promotion) Services supporting the creation of new insurance companies and the promotion of insurance activities in CIMA member states. Includes expertise offered to promoters for the creation of new insurance companies.

Quantifiable outcome

• Revenue of 136.518 billion FCFA in 2024, up 16.10% year-over-year
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• CIMA (Conférence Interafricaine des Marchés d'Assurances)coreStrategic or Co-development PartnerCICA-RE was created in 1981 by the 12 founding member states of CIMA and operates under CIMA's regulatory framework. CIMA is the supranational insurance regulatory body for 14 African nations. CICA-RE serves as the community reinsurer for CIMA member states, with a mandated role in the regional insurance market architecture.
• 64 Insurance and Reinsurance Companies (Shareholders/Cedants)coreChannel Partner/ Reseller/ Distributor64 insurance and reinsurance companies from across the CIMA member states hold equity stakes in CICA-RE and serve as its primary cedants. These companies cede portions of their risk portfolios to CICA-RE via treaty and facultative arrangements, making them both shareholders and core business partners.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Regional players

• Kenya Reinsurance Corporation: Kenya Re is a state-backed East African reinsurer offering treaty and facultative coverage, particularly in COMESA markets. Comparable in product mix and regional-development mandate, but geographically focused on East Africa rather than the CIMA zone.
• Zep-Re (PTA Reinsurance Company): Zep-Re is the COMESA region's multilateral reinsurer, headquartered in Nairobi, with a comparable treaty and facultative offering across Eastern and Southern Africa. Comparable mission and structure but different geographic focus.
• Ghana Reinsurance Company: Ghana Re is a West African reinsurer providing treaty and facultative coverage primarily to Ghanaian and ECOWAS cedants. Comparable in scale, regional scope, and line-of-business mix.

Broad incumbents

• SCOR: SCOR is a global reinsurer with established African and emerging-market operations competing for large facultative and treaty placements across the CIMA zone. Broad incumbent rather than a CIMA specialist.
• Munich Re: Munich Re is one of the world's largest reinsurers and competes with CICA-RE in facultative and treaty placements, particularly for large CIMA-zone risks ceded to international markets. Broad incumbent with African presence rather than a CIMA specialist.
• Hannover Re: Hannover Re is a major global reinsurer with active African treaty and facultative business, often competing for the same large CIMA-zone placements. Broad incumbent rather than a regional specialist.
• Swiss Re: Swiss Re is a global reinsurance leader that retrocedes with and competes against CICA-RE for large African and emerging-market risks. Broad incumbent rather than a regional specialist.

Direct peers

• African Reinsurance Corporation (Africa Re): Africa Re is the largest pan-African reinsurer, headquartered in Lagos, Nigeria, with shareholders from African member states and a similar treaty and facultative reinsurance offering across the continent. Directly comparable as a multilateral African reinsurer operating under a regional development mandate.
• Continental Reinsurance Plc: Continental Re is a Nigerian private reinsurer offering treaty and facultative coverage across Africa with a comparable multi-line non-life and life book. Closely comparable in scale, product breadth, and African cedant focus.
• WAICA Reinsurance Corporation: WAICA Re is a regional reinsurer serving the ECOWAS/CIMA zone, with state and insurance-company shareholders across West Africa. Directly comparable in mission (community reinsurer), cedant base, and product mix to CICA-RE.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cica-reinsurance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CICA-RE