(Business in Cameroon) - With 60 approved firms throughout the country, insurance brokerage represents “about 50% for the turnover’’ and ‘’40% for the staff” of Cameroon’s Insurance sector. Léopoldine Fondop Ngoulla, president of the Association of Professional Insurance Brokers Reinsurance of Cameroon (Apcar), was the one to reveal the statistics.

Acting as an intermediary between the insurance company and its clients, the insurance broker is an expert whose role is to “demystify the insurance contracts and simplify processes which tend to be complex”, says the Apcar president.

Continuing, she says the insurance broker “possess substantial knowledge to identify, organize and handle all type of contracts, ranging from the subscription to the settling of losses and potential disputes”. It should not be forgotten that, in Cameroon, the penetration rate of insurance does not (officially) exceed 2%.