Insurance companies RAWSUR SA and RAWSUR LIFE SA on Tuesday announced the Autorité de Régulation et de Contrôle des Assurances (ARCA) have approved them as insurance companies operating in the Democratic Republic of Congo on Thursday 28 March 2019.
The latest move is expected to effectively liberalize the insurance sector as well as pave way for the beginning of a new economic era, given the important role that insurance companies are called upon to play in the economic and social development of the Democratic Republic of Congo. The insurance companies are likely to act as a catalyst for financial inclusion and help to accelerate the emergence of a real middle class.
RAWSUR LIFE SA will carry out life insurance activities, while RAWSUR SA will perform non-life insurance activities, including accidents, fires and miscellaneous risks. The accreditation will allow RAWSUR SA to bring a new vision and have a dynamic impact on the insurance sector in the DRC.
RAWSUR SA is committed to strengthening the Congolese economy by contributing to the country’s economic development, innovation and the adaptation of insurance products and services to the needs of the Congolese market.
The new leading institutional investor RAWSUR LIFE SA’s life insurance offerings will make it possible to sustainably finance the Congolese economy, collect and mobilize long-term and stable savings.
According to Mr. Mazhar RAWJI, the Chairman of the Boards of Directors of the insurance companies RAWSUR SA and RAWSUR LIFE SA, the mission of the two companies is to empower its clients to live better and safer lives, protect people from unexpected losses, and make a real difference in people’s lives by protecting them from a diversity of risks and enabling them to seize opportunities and secure their livelihoods. To achieve the goal, the two distinct entities are based on the same four strong values that constitute their identity- Trust, Innovation, Respect and Excellence.
