Cameroonian insurance market: 25.6% turnover increase for the period 2015-2021
According to data published by the Association of Insurance Companies of Cameroon (ASAC), Cameroonian insurance companies recorded a turnover of 228.9 billion FCFA (396 million USD) in 2021.
This amount shows an 8.8% increase (in original currency) compared to 2020 and a 25.6% increase compared to 2015.
Cameroonian insurance market: 2015-2021 premium evolution
In millions USD| Classes of business | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Non-life | 217.7 | 211.3 | 250.7 | 248.5 | 241.4 | 263.9 | 264 |
| Life | 85.8 | 87.3 | 109.6 | 111.2 | 116 | 130 | 132 |
| Total | 303.5 | 298.6 | 360.3 | 359.7 | 357.4 | 393.85 | 396 |
