Gabon strips off several insurance Companies of operation license

The National Directorate of Insurance of Gabon (DNA) has retrieved operation permits from several insurance companies over unprofessional attitudes, Gabon Review reports.
11 entities in total including Solanus Casey Assurances, ACIP, Wellington Insurance Brokers Ltd Gabon, Bethel S.C.A, Contacts Assurances, Capital Assurances, Solidarity Assurances, are facing the ban.
The decision, media notes, came late April from the DNA. The DNA in a statement indicated that the companies in question and their managers “are banned from working in the insurance sector of the central African country”.
The insurance regulator on March 17 held a meeting to improve and revamp the insurance sector. Same year, the state suspended the issuance of the permits in connection with the DNA’s meeting.