Cameroon insurance industry in 2022: distribution of premiums per class of business
Figures in thousands
| Class of business | 2022 turnover (1) | 2021 turnover | 2021-2022 evolution (2) | 2022 shares | ||
|---|---|---|---|---|---|---|
| FCFA | USD | FCFA | USD | |||
| Motor | 56 431 597 | 91 983 | 50 691 690 | 87 697 | 11.32% | 22.30% |
| Bodily injury and health | 45 202 111 | 73 679 | 44 273 325 | 76 593 | 2.10% | 17.86% |
| Fire and other property damage | 23 126 125 | 37 695 | 22 822 682 | 39 483 | 1.33% | 9.14% |
| Marine | 21 285 264 | 34 695 | 17 642 558 | 30 522 | 20.65% | 8.41% |
| General third party liability | 6 001 638 | 9 783 | 5 700 567 | 9 862 | 5.28% | 2.37% |
| Credit and surety insurance | 4 791 330 | 7 810 | 1 819 030 | 3 147 | 163.40% | 1.89% |
| Others | 4 491 187 | 7 321 | 5 417 039 | 9 371 | -17.09% | 1.77% |
| Acceptances | 4 695 535 | 7 654 | 4 193 248 | 7 254 | 11.98% | 1.86% |
| Total non-life | 166 024 787 | 270 620 | 152 560 139 | 263 929 | 8.83% | 65.60% |
| Group insurance | 49 133 712 | 80 088 | 41 222 813 | 71 315 | 19.19% | 19.41% |
| Individual insurance | 37 925 162 | 61 818 | 35 783 933 | 61 906 | 5.98% | 14.98% |
| Acceptances | 18 485 | 30 | 266 222 | 461 | -93.06% | 0.01% |
| Total life | 87 077 359 | 141 936 | 77 272 968 | 133 682 | 12.69% | 34.40% |
| Grand total | 253 102 146 | 412 556 | 229 833 107 | 397 611 | 10.12% | 100% |
(1) Provisional figures
(2) Growth rate in FCFA
Exchange rate as at 31/12/2022 : 1 FCFA = 0.00163 USD ; as at 31/12/2021 : 1 FCFA = 0.,00173 USD
Source: Association of insurance companies of Cameroon (ASAC)
Read also | Insurance companies in Cameroon
