Cameroon insurance market

Identity

Population : 25 876 387 inhabitantstogo drapeau
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
Turnover357 millions USD
Penetration rate0.91%
Insurance Density13.80 USD

Structure of the Cameroonian insurance market

Insurance and reinsurance companies
Non life companies
17
Life companies
11
Reinsurance companies
3
Total31
Intermediaries
General agents
101
Insurance brokers
114
Non-salaried officers
98
Total
313

Data as of 31/12/2019, Source: Direction des Assurances

Supervisory authority
Ministry of Finance Department of Insurance
dna-assurances.com
Professional body
Association des Sociétés d’Assurances du Cameroun (ASAC)
www.asac-cameroun.org

The Cameroonian insurance market: evolution of premiums

Figures in million USD
Activities20152016201720182019
Non life
217.7211.3250.7248.5241.4
Life
85.887.3109.6111.2116.0
Total303.5298.6360.3359.7357.4

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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