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The majority of Cameroonian insurers to comply with the minimum capital requirements

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Magazine Issue: 
Highlights [3]
Magazine date: 
Jul 2019

Capital minimumIn Cameroon, 22 insurance companies out of 28 have managed to increase their share capital to comply with CIMA requirements. These insurers include Acam Vie [4] and Area [5]. Saham Life Insurance Cameroun has chosen, for its part, to raise its capital to 4.49 billion FCFA (7.55 million USD) even though it has already met the 3 billion FCFA (5.04 million USD) capital requirement imposed by the regulatory authority.

It should be noted that the remaining six companies have two additional months to comply with the new minimum capital standards.

Fri, 13/09/2019 - 14:43

Source URL: https://www.atlas-mag.net/en/article/the-majority-of-cameroonian-insurers-to-comply-with-the-minimum-capital-requirements

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[5] https://www.atlas-mag.net/en/article/area-capital-increase-to-5-billion-fcfa