(Business in Cameroon) - According to a release issued by the Inter-African Conference on Insurance Markets (CIMA), Cameroonian, Jean Claude Ngbwa (photo), Secretary General of that organisation, visited Cameroon from the 15th to the 16th of July to make final preparations for the international micro-insurance meeting to be held by the Central and West African watchdog body in the Cameroonian economic capital from the 8th to the 12th of September 2014.
Entitled “Micro-insurance Learning Sessions”, the international meeting will gather insurance company heads and experts around the theme: “Protecting small workers” and aims to raise participants’ awareness about the importance of this kind of insurance in the rate of insurance penetration in Africa.
Indeed, micro-insurance, explains the CIMA, “is an insurance mechanism that aims to protect low-income earners from specific risks. It is mainly characterised by smaller premiums or insured capital, simpler coverage, flexibility in subscriptions, contract management, claims notifications and compensation.”