Lomé will host the 12th Markets Forum of the Federation of African National Insurance Companies (FANAF) on November 2 and 3, 2026. Organized in collaboration with Togo’s insurance industry association, Association Professionnelle des Sociétés d’Assurances du Togo (APSAT), the event will bring together insurance industry stakeholders to discuss unpaid premiums in markets governed by the Inter-African Insurance Markets Conference (CIMA).
Discussions will focus on Article 13 of the CIMA Code, which states that an insurance contract takes effect only after the policyholder has paid the premium. The provision was amended in April 2011 and also allows payment periods of up to 60 days for certain large risks, subject to specific conditions and exclusions.
Toward Stronger Market Discipline
The forum is expected to assess the level of unpaid premiums across individual markets and examine the factors behind their buildup, including competitive pressure, the pursuit of premium volume and the treatment of public-sector risks.
Participants will also consider a proposed binding charter governing how insurers and intermediaries collect and transfer premiums, as well as a cooperation framework between FANAF and CIMA aimed at strengthening supervision and introducing graduated sanctions.
The meeting comes 15 years after the 2011 reform tightened premium-payment requirements. Under Article 13, insurers are prohibited from issuing or renewing certain policies when the premium has not been paid.
Togo Links Public and Supplemental Health Coverage
The forum will take place as Togo works to better coordinate its public health insurance system with supplemental private coverage.
In October 2025, Togo’s social security fund, Caisse Nationale de Sécurité Sociale (CNSS), and its public health insurance agency, Institut National d’Assurance Maladie (INAM), which manage the country’s Assurance Maladie Universelle (AMU) program, signed a framework agreement with private insurers and health mutuals offering supplemental coverage.
The agreement is intended to better connect the public health insurance system with private supplemental coverage, allowing policyholders to receive broader reimbursement of healthcare costs.
FANAF will also hold its African Health Insurance Symposium in Lomé on November 4 and 5, immediately after the Markets Forum. The event will focus on building a viable, inclusive and sustainable health insurance ecosystem in Africa.
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