Société Nationale d’Assurance du Crédit et du Cautionnement (SONAC)
Last updated on 25 Feb 2024
Key facts
SONAC provides credit insurance and surety bonding through insurance and co-insurance contracts which provide protection against credit and other risks. political risks.
55, rue Wagane Diouf
Imm Trianon – 1er étage
Dakar BP 3939
Senegal
+221 33 889 82 10
www.sonacassurances.com
Imm Trianon – 1er étage
Dakar BP 3939
Senegal
+221 33 889 82 10
www.sonacassurances.com
PUBLIC
1981
Credit rating (sovereign) (S&P)
B+
B+
Foreign currency
Local currency
Country trade data
2021 top export sectors
Stone and glass
19%
Fuels
16%
Chemicals
13%
Vegetable products
13%
Minerals
10%
2022 top export destinations
Financing modalities
`
85%
75%
Products
- Export insurance:
- Guarantees the insured's exports against the risk of non-payment by its foreign buyers
- Cover: Political and commercial risk
- Premium is based on type of cover, type of buyer, scope of cover
- Domestic insurance:
- Guarantees the payment of all transactions made on credit by the Insured for the benefit of companies or individuals established in Senegal
- Other insurance products:
- FINASSUR: Covers credit transactions carried out by financial institutions, whatever their form or purpose. (banks, microfinance institutions, guarantee funds, etc.)
- LOCASSUR: Insurance contract which allows lessors who have recorded a payment failure on the part of their tenant to be compensated by SONAC
- INFOCOM: SONAC carries out a commercial investigation into Senegalese companies' prospects to ensure their solvency. This commercial and financial analysis protects companies from possible risks of non-payment
- Debt recovery
- Professional bonds
