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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Cameroonian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Cameroon's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Cameroonian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Cameroon's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Cameroon's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Cameroon, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Cameroon, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Cameroon with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Cameroon is one of the top three non-life insurance markets in the CIMA zone (along with Ivory Coast and Gabon) but is still relatively under-developed. Non-life insurance penetration (including PA and healthcare) was only 0.58% in 2020 (based on provisional figures from the insurers' association (Association des Societes d'Assurances du Cameroun - ASAC). The non-life market contracted by 1.67% in 2019 and is understood to be flat in 2020, largely as a result of the COVID-19 pandemic ....
This is a brief extract of information; more updated information may be available in the latest published report