Kinshasa, December 3, 2021 - On 2 December 2021, Rawbank obtained the approval of the l’Autorité de Régulation et de Contrôle des Assurances (ARCA), the DRC regulatory and control authority, 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 thus becomes the first bank in the Democratic Republic of Congo to offer its customers both life and non-life insurance products. The Bank had already pioneered the offering of life insurance products to its customers as of October 2021 via its Privilege Banking packages (a series of tailor-made packages developed by the Bank allowing access to various banking products in a single subscription). From now on, travel, car, home and education insurance will be available individually to all clients in all Rawbank branches in Kinshasa. Customers will also be able to subscribe to other life insurance products beyond those offered through the packages. of . . .
The insurance sector is in full development in the DRC today and Rawbank continues to diversify its activities and broaden its offering by becoming an intermediary in the distribution of insurance products.
Convinced of the potential for economic growth in the DRC, Rawsur is the first insurance company to be accredited by ARCA 2019. “We have always been convinced that insurance is a growth accelerator. That is why we participated in the creation of Rawsur. Insurance is an essential link in economic value chains. Insurance allows entrepreneurs and professionals to be secure so that they can deploy their energy and creativity with the aim of creating wealth and employment. These convictions are fully reflected in this partnership with Rawsur , said Mustafa Rawji, Director General of Rawbank.
Together, the three partnersRawsur SA, Rawsur Life SA ainsi que ofare determined to actively contribute to the economic and social development of the country and to financial inclusion. “Access to insurance for as many people as possible will create the opportunity to secure and perpetuate people’s personal and professional projects. Rawbank has one of the most developed branch networks in the country. This partnership has always been an obvious choice, and it comes at the right time,” concluded Tarik Lefriyekh, Managing Director of Rawsur SA.
Rawbank supports the development of the Congolese economy with its more than 1,850 employees, over 100 branches, a representative office in Brussels, 230 ATMs, more than 400,000 customers and over 28% market share in the DRC. Serving individuals, SMEs, companies and institutions, Rawbank is rated by Moody's, ISO/IEC 20000 and ISO/IEC 27001 certified and has established financing partnerships with several international donors (IFC, BADEA, Shelter Africa, TDB, ADB, Afreximbank and AGF). Dependability, profitability and sustainability are Rawbank's operational priorities to consolidate its growth strategy, especially towards individuals and the private sector.
Our extensive network of branches is one of the most developed in the Congolese banking sector with locations in all of the country's 19 provinces including Grand Katanga, Grand Kasai, Nord-Kivu and Sud-Kivu, Equateur and Kongo-Central among others.
Rawbank’s work has been rewarded with the African Bankers Award 2022 for the best regional bank in Central Africa, a Moody’s CAA 1 rating, ISO/IEC 20000 and ISO/IEC 27001 certifications.
Read the press release ARCA by click here
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