- Founded in 1987, SENRE is a reinsurance company born from a partnership between the State of Senegal and the licensed insurance companies.
- It opened its capital to the Société Centrale de Réassurances (SCR) in 2… .
SENRE benefits from legal cession on all the business taken out and all reinsurance agreements concluded by the senegalese insurance companies.
- Our job
- SENRE is the National Reinsurer of Senegal. It benefits from legal cession and also offers conventional capabilities.
- It accepts Treaties and Facultative cases both in Life and Non-Life.
- In addition to acceptances, SENRE offers a full range of services to its cedants :
Assistance in risk control and prevention,
Risks visits and quotations.
- Support in the investigation and management of major claims
- Studies and initiatives aimed at broadening the scope of insurance companies, including the exploration of new promising niches.
- Our shareholders :
- The State of Senegal
- Société Centrale de Réassurance of Morocco
- AXA Assurances Senegal
- AMSA Assurances
- SONAM Group
- Prévoyance Assurances
- Assurances la Sécurité Sénégalaise
- Compagnie Nationale d’Assurance et de Réassurance des Transporteurs
- Alliance d’Assurances
- ALLIANZ Assurances
- NSIA Senegal
- SALAMA Assurances
- ASKIA Assurances
- Moussa DIAW
- Regulation :
- Reinsurance in the CIMA zone is governed by Book 8 of the CIMA Code.
- The legal cession from which SENRE benefits are established by Law 89-28, of 22 June1989
- Their operation is organized by Decree 95-912/MEFP/DA of 05 October 1995.
- Decree 008285/MEF/TG/DMC of 31 July 1990 sets the rates of legal cession and designates SENRE to manage the said cession.
- This order was amended in its first article by decree No. 009376 of 17 June 1992, reducing the compulsory cession rates of foreign companies to 10%.
- It was supplemented by decree No. 0083 of 05 January 2018,
- These provisions require all licensed insurance companies in Senegal to sell the following shares to SENRE :
- 6.5% of all business suscribed ;
- 15% of the treaties concluded ;
- 10% of cases placed on facultatives.
- Rating :
In collaboration with a renowned Consulting Firm, SENRE has embarked on a rating process. It has already laid the groundwork for upgrading its organization and management. The notation process is expected to be completed in 2021.