ACTIVA

Building an African group that goes beyond the Cameroonian borders has always been Richard Lowe's credo. Upon its creation in 1998, Activa is a company with Cameroonian and Ivorian investments. The divorce between Activa and NSIA in 2006 marks a setback in the company's history. Richard Lowe, then, was free to develop a Cameroonian life and non life group. His objectives are clearly defined: to become an insurance leader in Cameroon and in French speaking Africa.

This ambitious challenge is confronted with the reality on the field. Either in Cameroon or in the CIMA zone, Activa is required to deal with competitors endowed with more consistent portfolios and better performing networks. The groups COLINA, NSIA, AGF and AXA are well ahead and have a firm grip over the market.

Richard Nzonlié Lowe
Chairman
These hardships have not discouraged R. Lowe who then embarks on the establishment of the pan African network, Globus. Based on a partnership and not on capitalistic ties, the network Globus stretches over 27 countries with ramifications from Madagascar to the Maghreb across Angola, Uganda, Tanzania, Gabon. In Cameroon, Activa became the market's third insurer in 2007. Ideas as well as intentions are there, yet men and funds are needed to translate them into reality.

Management

Activa assurances
Chairman
Richard Nzonlié Lowe
Assistant general manager
Mathieu Teyomnou
Technical and development manager
Christian Hapi
Claims manager
Henry Belle Mandengue
Marketing and communication manager
Nicolas Wea
General control manager
Juste Wemeni
IT manager
Simon-Pierre Makondo
Reinsurance and technical studies
assistant manager
Jean Kwimang
Human resources manager
Laure P.Youssa
Quality and prevention engineer
Albert Nana
Activa Vie
Chairman
Richard Nzonlié Lowe
Assistant general manager
Annette Ekollo Monthe
Assistant manager, underwriting
Suzanne Billigha
Assistant manager, actuary
Henri Bayouak
Assistant manager, management,
performance and claims
Albert Bidjocka

Activa group turnover‘s evolution: 2003-2007

in USD
 200320042005200620072006/2007 growth
Non life
13 795 27617 114 22815 887 70019 395 12022 770 07121.55%
Life
849 4291 242 4311 913 2823 026 3494 483 228
Total
14 644 705 18 356 659 17 800 982 22 421 469 27 253 299

 

in thousands USD

Activa group turnover split by class of business: 2003-2007

in USD
 20032004200520062007
 Written premiums%Written premiums%Written premiums%Written premiums%Written premiums%
Non life
Motor
5 653 150416 416 39737.55 344 50233.65 844 61030.16 996 96030.7
Bodily injuries
2 879 38920.94 238 62624.84 238 85326.74 269 895224 792 06021.0
Fire & other property damage
2 692 50219.53 392 97619.83 480 23321.95 470 47628.25 539 22424.3
General TPL
376 6542.7519 9713623 5263.9787 3454.11 599 0227.0
Marine
2 155 62015.62 501 97914.62 200 58613.93 022 79415.63 217 56914.1
Acceptances
37 9610.344 2790.3----625 2362.7
Total non life
13 795 276 100 17 114 228 100 15 887 700 100 19 395 120 100 22 770 071 100
Life
Total life
849 429 - 1 242 431 - 1 913 282 - 3 026 349 - 4 483 228 -
Grand total
14 644 705-18 356 659-17 800 982-22 421 469-27 253 299-

Activa group's main technical and financial highlights: 2003-2007

in USD
 20032004200520062007
Turnover
14 644 70518 356 65917 800 98222 421 46927 253 299
Net financial income
322 575272 621392 183462 716253 397
Commissions
2 230 9002 859 5912 611 1133 282 5093 626 073
Overhead expenses
2 139 2262 710 1452 812 8763 365 0433 938 117
Loss ratio*
58.50%48.30%47.90%70.90%44.60%
Net operating result
212 815992 509620 3711 076 5381 426 750
* For Activa non life only

Activa group's evolution: 2003-2007

in millions USD

ACTIVA group in 2007

in USD
 Activa AssurancesActiva Vie
Capital
3 605 0001 144 000
Shareholders' equity
3 146 0001 233 000
Net result
1 174 000942 000
Turnover
22 770 0004 483 000
Technical provisions*
26 693 0004 539 000
Coverage rate of regulated agreements
119%107%
Solvency margin rate
221%347%
Profit ratio
5.3%6.3%
Staff
6818
Agencies
96
* For Activa Vie (Activa life): mathematical provisions
Exchange rate
FCFA/USD as at 31/12
2003
2004
2005
2006
2007
0.001984
0.002159
0.001805
0.002095
0.002289

Contact



Head office
Prince de Galles street - Building head office Activa
B.P. 12970 Douala, Cameroon
Phone
(+237) 33 50 13 00 / 33 43 45 03
Fax
(+237) 33 43 45 72
E-mail
activa [dot] assur [at] activa-cameroun [dot] com
Website
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