Communiqué de presse

Rawbank enters into partnership with Rawsur and distributes insurance products

Kinshasa, December 3, 2021 – On December 2, 2021, Rawbank received approval from the Insurance Regulatory and Control Authority (ARCA) to distribute life and non-life insurance products.

Committed to promoting financial inclusion and access to financial products for as many people as possible, Rawbank is the first bank in the Democratic Republic of Congo to offer its customers life and non-life insurance options. A pioneer, the Bank has been offering life insurance products to its clients since October 2021 through its Privilege Banking “packages” (a series of customized bundled offers developed by the Bank over the course of the year, providing access to various banking products in a single subscription). From now on, the Bank’s Travel, Auto, Home, and Education Annuity insurance offerings will be available individually to all of its clients at all Rawbank branches in Kinshasa. It should be noted that clients will also be able to subscribe to other life insurance policies beyond those offered through the packages.

While the insurance sector is booming in the DRC, Rawbank is continuing to diversify its activities and expand its offering by becoming an intermediary in the distribution of insurance products.

Convinced of the DRC’s economic growth potential, Rawsur is the first insurance company to obtain ARCA approval in 2019. “We have always been convinced that insurance is a growth accelerator. This is why we participated in the creation of Rawsur. Insurance is an essential link in economic value chains. It is insurance that provides security for entrepreneurs and professionals, allowing them to deploy their energy and creativity to create wealth and employment. These beliefs are fully reflected in this partnership with Rawsur,” said Mustafa Rawji, Managing Director of Rawbank.

Together, the three partners (Rawsur SA, Rawsur Life SA, and Rawbank) are determined to actively contribute to the country’s economic and social development, as well as to financial inclusion. “Access to insurance for as many people as possible will help secure and sustain the personal and professional projects of the population. Rawbank has one of the most developed branch networks in the country. All Congolese, as well as all people who have chosen the DR Congo as their home, will now have access to insurance protection. This partnership has always been a natural fit, and it comes at the right time,” concluded Tarik Lefriyekh, Managing Director of Rawsur SA.

About RAWBANK

With more than 1,850 employees, over 100 points of sale, a representative office in Brussels, 230 ATMs, more than 400,000 customers, and a market share of over 28%, RAWBANK supports the development of the Congolese economy. Serving individuals, SMEs, businesses, and institutions, Rawbank is rated by Moody’s, ISO/IEC 20000 and ISO/IEC 27001 certified, and has established financing partnerships with several international lenders (IFC, BADEA, Shelter Africa, TDB, AfDB, Afreximbank, and AGF). Safety, profitability, and sustainability are Rawbank’s operational priorities to consolidate its growth strategy, particularly in relation to individuals and the private sector.

Our extensive branch network is one of the most developed in the Congolese banking sector, located in all 19 provinces of the country, including Greater Katanga, Greater Kasai, the two Kivus, the Equator, and Kongo Central.

RAWBANK’s goal is to provide its corporate, SME, and individual clients with access to the most modern banking and financial technologies, services, and products, hence the relevance of its slogan: “RAWBANK is my bank.”

Read the ARCA press release by clicking on this link.