Insurance companies' turnover increase by almost 13%

According to the Association of Insurance Companies in Cameroon (ASAC), the turnover of insurance companies operating in Cameroon reached FCfa 182 billion in 2015, in increase compared to the FCfa 161 billion from a year earlier, thus an increase in relative value of close to 13%.

At the same time, we learned from the same source, Cameroonian insurers disbursed FCfa 4805 billion in 2015, as payment for damages. This has also increase by over 5%, compared to the FCfa 45.9 billion paid in 2014.

We can also note that the insurance market in the country is dominated by collective insurance policy holders, who represent 54% of insurance policies subscribed in the country, against only 44% for individual policy holders.