Ascoma International Group Joins Worldwide Broker Network

May 28, 2014

Worldwide Broker Network has announced that Ascoma Group has joined the fully integrated WBN network of independent insurance brokers and employee benefits consultants, “which now counts 96 member firms in 101 countries on 6 continents, as well as 8 Associate Member firms providing a wide range of related services.”

Ascoma was founded in 1950 and is headquartered in Monaco. It currently “has more than 600 employees (including 500 in Africa) providing a full range of Property & Casualty Insurance and Employee Benefits Consulting Services in Europe (Monaco, Nice, Luxembourg) and Africa (Mali, Mauritania, Niger, Chad, Bénin, Burundi, Cameroon, Central African Republic, Ivory Coast, Congo, Gabon, Ghana, Guinea, Equatorial Guinea, Madagascar, Morocco, Democratic Republic of Congo, Rwanda, Senegal, Togo, Burkina Faso and Sierra Leone),” said the announcement.

It is a major independent broker in sub-Saharan Africa, operating from its international insurance desk, based in Paris, France. Ascoma has wide ranging experience in coordinating international P&C programs in Africa, handling over 400 international clients in mining, construction, logistics, marine, telecom, distribution, hotels, etc.

‘Ascoma Santé’, its Health Insurance and Benefits Management unit, which accounts for 35 percent of all Ascoma revenues, is based in Casablanca, Morocco.

WBN’s bulletin noted: “In African markets, where local public social security systems are non-existent or very poor, Ascoma’s key benefits solution is health coverage in which Ascoma manages the whole process, including population analysis, risk qualification, definition of coverage, pricing, placement, management of claims and payments, serving 300,000 beneficiaries through 60 doctors for medical control and 1800 for medical care delivery via hospital, physicians, pharmacies, etc.”

WBN’s CEO Bruce Basso added: “Ascoma is one of the premier firms in its served markets, taking justifiable pride in the same high level of integrity, technical competence and service ethics for which the WBN network of independent firms is known. Bringing six decades of insurance brokerage experience to the sub-Saharan continent, Ascoma strengthens WBN members everywhere else on the globe.”

Ascoma Group CEO Mathieu Dierstein said: “While most African businesses are not yet expanding outside the continent, offshore companies from across the globe are increasingly seeking to do business in Africa—extraction for export, manufacturing and infrastructure investments for local markets, or exporting products for consumption in Africa.

“WBN’s sole focus on cross-border transactions—both insurance and employee benefits management—will be of considerable benefit to Ascoma and we look forward to contributing to solutions for both our clients and for those of our WBN partners.”

Source: Worldwide Broker Network

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