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SUNU Assurance and CAMINSUR closer than ever

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Magazine Issue: 
Loss of rationality [3]
Magazine date: 
Jul 2017

SUNU Assurance seems to be in talks with Cameroon Insurance Company (CAMINSUR) with a view to a possible rapprochement, a move designed to consolidate the financial bases of the Cameroonian insurer, helping the latter meet, among others, the new requirements of the Inter-African Conference of Insurance Markets (CIMA) in terms of minimum share capital. The latter is due to rise from 1 to 5 billion FCFA (1.6 to 8.3 million USD).

Insurers are left with a three-year period to comply with the new regulation.

In operation for 25 years now, CAMINSUR has been operating in the non life class of business (fire, accident and miscellaneous risks).

More news:

Wed, 19/07/2017 - 08:32

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[3] https://www.atlas-mag.net/en/issue/loss-of-rationality
[4] http://www.atlas-mag.net/en/category/regions-geographiques/afrique