SEN RE COMPANY OR EFFECIENCY CHALLENGE

The Senegalese Reinsurance Company Ltd –SEN RE- was a simple application of the recommendations of CNUCED that would advise developing countries to organize their insurance market in order to capture the savings they generate, if necessary to fund their economy. SEN RE company was created in 1988 in public-private partnership, with assignments based on legal, given the narrowness of the Senegalese market and the concern of a balanced portfolio.

OBJECTIVES

• The primary purpose of company was to promote a certain retention of bonuses from the observation that the total reinsurance premiums that is to say 95% of national production was destined to international reinsurers.

• Also it is apt to the company to ensure market discipline in the strict application of the insurance basis.

• The training and assistance of Senegalese ceding companies were assigned to her.

• Finally an effective contribution to economic development by participating in the implementation of major projects in the country.

The creation of SEN RE Company was the starting point for the formation of hub of insurance and reinsurance in Dakar.

SOCIAL FUNDS

The division of the Capital between the State and the insurances market was quickly broken due to needs of efficiency and speed as far as concluding business is concerned.
Today, the companys social funds has come to FCFA 5 129 000 000 or $ 11 398 000 US.
Shareholders Equity is set at 5988 MILLIONS or $13 306 000 US. ...read more