Magazine date:
Jul 2021 Ranking of non-life insurance companies in Cameroon
Figures in thousands| Rank 2020 | Non-life companies | 2020 turnover * | 2020 turnover | 2019-2020 evolution ** | 2020 shares | ||
|---|---|---|---|---|---|---|---|
| FCFA | USD | FCFA | USD | ||||
| 1 | AXA Assurance | 20 574 546 | 38 475 | 20 774 175 | 35 524 | -0.96% | 14.60% |
| 2 | Activa Assurance | 16 757 771 | 31 337 | 17 396 249 | 29 748 | -3.67% | 11.89% |
| 3 | Chanas Assurances | 14 122 139 | 26 409 | 12 188 371 | 20 842 | 15.87% | 10.02% |
| 4 | SAAR Assurances | 14 048 207 | 26 270 | 17 251 844 | 29 501 | -18.57% | 9.97% |
| 5 | Allianz Cameroun | 12 843 320 | 24 017 | 14 917 852 | 25 509 | -13.91% | 9.11% |
| 6 | NSIA Cameroun | 11 375 506 | 21 272 | 10 255 171 | 17 536 | 10.92% | 8.07% |
| 7 | Garantie Mutuelle des Cadres - GMC | 9 140 154 | 17 092 | 9 265 545 | 15 844 | -1.35% | 6.49% |
| 8 | SAHAM Cameroun | 7 432 740 | 13 899 | 9 015 102 | 15 416 | -17.55% | 5.27% |
| 9 | Atlantique Assurance | 6 284 138 | 11 751 | 2 951 588 | 5 047 | 112.91% | 4.46% |
| 10 | Zenithe Insurance | 5 581 419 | 10 437 | 5 678 899 | 9 711 | -1.72% | 3.96% |
| 11 | Area Assurances | 5 037 090 | 9 419 | 4 536 152 | 7 757 | 11.04% | 3.57% |
| 12 | Assurances Générales du Cameroun - AGC | 4 242 967 | 7 934 | 3 828 630 | 6 547 | 10.82% | 3.01% |
| 13 | SUNU Assurances | 3 736 114 | 6 987 | 3 253 059 | 5 563 | 14.85% | 2.65% |
| 14 | Prudential Beneficial General Insurance | 3 608 393 | 6 748 | 3 021 228 | 5 166 | 19.43% | 2.56% |
| 15 | PRO ASSUR Assurances | 2 273 165 | 4 251 | 2 997 597 | 5 126 | -24.17% | 1.61% |
| 16 | Compagnie Professionnelle d'Assurance - CPA | 2 162 607 | 4 044 | 2 208 411 | 3 776 | -2.07% | 1.54% |
| 17 | Royal Onyx Insurance | 1 712 796 | 3 203 | 1 636 259 | 2 798 | 4.68% | 1.22% |
| Total non-life | 140 933 072 | 263 545 | 141 176 132 | 241 411 | -0.17% | 100% | |
* Provisional figures
** Evolution in FCFA
Source: Association of insurance companies of Cameroon (ASAC)
Read also | Cameroonian insurance market [4]
Ranking of life insurance companies in Cameroon
Figures in thousands| Rank 2020 | Non-life companies | 2020 turnover * | 2020 turnover | 2019-2020 evolution ** | 2020 shares | ||
|---|---|---|---|---|---|---|---|
| FCFA | USD | FCFA | USD | ||||
| 1 | Allianz Vie | 19 754 817 | 36 942 | 19 933 644 | 34 086 | -0.90% | 28.46% |
| 2 | Prudential Beneficial Life | 15 070 338 | 28 182 | 13 619 106 | 23 289 | 10.66% | 21.71% |
| 3 | SUNU Assurances Vie | 8 915 954 | 16 673 | 10 787 685 | 18 447 | -17.35% | 12.85% |
| 4 | ACTIVA Vie | 8 209 586 | 15 352 | 8 344 319 | 14 269 | -1.61% | 11.83% |
| 5 | WAFA ASSURANCE Vie | 4 749 606 | 8 882 | 4 308 818 | 7 368 | 10.23% | 6.84% |
| 6 | SAAR Vie | 3 714 116 | 6 945 | 4 514 986 | 7 721 | -17.74% | 5.35% |
| 7 | SONAM Vie | 3 491 705 | 6 529 | - | - | - | 5.03% |
| 8 | SAHAM Life | 2 462 043 | 4 604 | 3 319 963 | 5 677 | -25.84% | 3.55% |
| 9 | NSIA Vie | 1 782 512 | 3 333 | 1 509 761 | 2 582 | 18.07% | 2.57% |
| 10 | ACAM Vie | 980 766 | 1 834 | 1 159 421 | 1 982 | -15.41% | 1.41% |
| 11 | PRO ASSUR Vie | 274 196 | 513 | 340 307 | 582 | -19.43% | 0.40% |
| Total life | 69 405 639 | 129 789 | 67 838 010 | 116 003 | 2.31% | 100% | |
* Provisional figures
** Evolution in FCFA
Source: Association of insurance companies of Cameroon (ASAC)
Exchange rate as at 31/12/2019 : 1 FCFA = 0.00187 USD ; as at 31/12/2019 : 1 FCFA = 0.00171 USD
