CIF Life Insurance Burkina

CIF Assurances-Vie Burkina is a public limited company specializing in life insurance with a board of directors, governed by the insurance code of the Inter-African Conference of Insurance Markets (CIMA), and established on September 15, 2012. On October 22, 2012, the company received approval from the Regional Insurance Control Commission to conduct life insurance and capitalization operations in Burkina Faso.

The company was officially licensed on December 4, 2012, by the Ministry responsible for the insurance sector.

• On January 1, 2013, CIF-VIE Burkina launched its operations across all sales outlets of the Burkina Faso People’s Credit Union Network (RCPB).
• In 2017, the company expanded its distribution channels to include Decentralized Financial Systems (SFDs).
• In 2018, it signed distribution agreements with traditional banks.

The company’s share capital is 5 billion CFA francs fully paid up, represented by 500,000 ordinary shares distributed among six (6) shareholders.