Cameroon insurance market
Identity
| Population : 25 876 387 inhabitants |  |
| GDP : 39.007 billions USD | |
| GDP per inhabitant : 1507 USD | |
| GDP growth rate : 3.7% | |
| Inflation rate :2.4% |
Data as of 31/12/2019, Source : World Bank
The Cameroonian insurance market: main indicators
| 2019 | |
| Turnover | 357 millions USD |
| Penetration rate | 0.91% |
| Insurance Density | 13.80 USD |
Structure of the Cameroonian insurance market
Non life companies | 17 |
Life companies | 11 |
Reinsurance companies | 3 |
| Total | 31 |
General agents | 101 |
Insurance brokers | 114 |
Non-salaried officers | 98 |
Total | 313 |
Data as of 31/12/2019, Source: Direction des Assurances
Ministry of Finance Department of Insurance | dna-assurances.com |
Association des Sociétés d’Assurances du Cameroun (ASAC) | www.asac-cameroun.org |
The Cameroonian insurance market: evolution of premiums
Figures in million USD| Activities | 2015 | 2016 | 2017 | 2018 | 2019 |
Non life | 217.7 | 211.3 | 250.7 | 248.5 | 241.4 |
Life | 85.8 | 87.3 | 109.6 | 111.2 | 116.0 |
| Total | 303.5 | 298.6 | 360.3 | 359.7 | 357.4 |
Exchange rate as at 31/12/2015 : 1 FCFA = 0.00167 USD ; as at 31/12/2016 : 1 FCFA = 0.00161 USD ; au 31/12/2017 : 1 FCFA = 0.00183 USD ; as at 31/12/2018 : 1 FCFA = 0.00174 USD ; as at 31/12/2019 : 1 FCFA = 0.00171 USD
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