The Supervisory Authority of Insurance and Social Welfare also extends its jurisdiction to the distribution network and the activity of bancassurance.

Insurance intermediaries

The distribution network is under the supervision of ACAPS. In this respect, ACAPS has the authority of supervising the network’s activities and operations, and the authority of granting or withdrawing of approval / authorization, but also the authority to sanction. The distribution network consists of insurance intermediaries (agents and brokers) and direct management offices reporting directly to the insurance and reinsurance companies:

  • 2095 insurance intermediaries comprising 1634 agents and 461 brokers
  • 678 direct management offices

See the list of intermediaries

Find an insurance intermediary


The business of bancassurance is in turn practiced by banks, finance companies and microfinance associations.

Different banks are approved for submission of personal insurance, assistance and credit insurance operations in accordance with Article 306 of Law 17-99 of the Insurance Code.

The network of bancassurance is as follows:

  • 11 banks authorized for submission of insurance operations through 6182 agencies (31 december 2019) 
  • 2 licensed finance companies (31 december 2019)
  • 1 microcredit association


The sector-based study on bancassurance – of the year 2019 - is the executive summary made on the basis of statistics and data provided by the bancassurance network within the prescribed deadline of April 30, 2020.

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