Liberalisation of the insurance sector in the DRC

It was through O-L n°015/2015 of March 17 2015 that the insurance sector was liberalized in our country after more than 50 years of monopoly granted to SONAS(Société Nationale d'Assurances) which did not capitalize on it to inculcate the insurance culture in the Congolese.By opening up the market to the private sector several major challenges have been identified in this book given the almost virgin state of this market in the Democratic Republic of Congo: the population's very limited purchasing power the lack of an insurance culture insecurity etc. These are all challenges that undermine this market.In addition to these challenges there are also a number of important issues at stake including the arrival of new experienced insurance technicians market expansion job creation the marketing of the COMESA yellow card by new insurers and the sale of life insurance.In view of all these challenges and issues the liberalization of the insurance sector far from being a fatal blow to the bankruptcy of SONAS is instead proving to be the driving force behind the development of our country the DRC which is increasingly asserting itself in the concert of nations.