logoBC
Yaoundé - 14 July 2020 -
Insurance

Raphael Fute, ASAC’s President Elect

Raphael Fute, ASAC’s President Elect
  • Comments   -   Friday, 17 May 2013 20:35

(Business in Cameroon) - Raphael Fute, General Manager of Compagnie Professionnelle d’Assurances is the new President of the Association of Cameroon Insurance Companies (ASAC). He was elected at ASAC’s ordinary general assembly in Yaounde on Monday May 13, 2013. Raphael Fute, takes over from Martin Foncha, GM of Colina All Life.

On his vision, Raphael Fute said his team will work hard to restore public confidence in the insurance sector and promised a speedy insurance compensation for victims of catastrophes.

“We will strive to make the insurance market credible in the eyes of everybody”, he confirmed.

He also promised to intensify communication on their activities. “We have also realized that people criticize us because they do not know what we are doing. We are going to communicate more so that people can know more about what we are doing,” he said. 

Mr. Fute’s vision is in line with the recommendations of the 37th General Assembly of the Federation of Insurance Companies of Africa (FANAF) held in Yaounde this year.

FANAF enjoined insurance companies to simplify compensation procedures for victims of catastrophes and create Guarantee Funds for Automobile.

In four years ASAC’s outgoing President, Martin Foncha created a pool of co-insurance to handle public transport and enforced a code of ethics in ASAC. An international conference of the federation of insurance companies in Africa with 600 delegates coming from about 43 different countries took place during his term of office.

in-2019-the-bdeac-exceeded-a-yearly-commitment-level-of-cfaf200-bln-for-the-first-time
The Development Bank of the Central African States (BDEAC) provided CFAF271 billion of financial assistance for the implementation of 18 projects in the...
port-of-douala-rtc-posts-cfaf19-7-bln-turnover-for-end-may-2020
At the end of May 2020, Régie du terminal à conteneurs du port de Douala (RTC) posted a CFAF19.7 billion turnover despite the coronavirus pandemic and the...
cameroon-plans-to-orient-public-companies-towards-non-sovereign-loans-to-relieve-the-public-treasury
Cameroon plans to control the debts generated by public institutions and enterprises over the 2021-2023 period, according to the provisions included in...
sabc-announces-the-return-of-draught-beer-in-douala-and-yaounde-after-about-2-years-suspension
"It is with great pleasure that we announce the return of draught beer in the cities of Douala and Yaounde.” This message was published on July 13 by...

Mags frontpage


Business in Cameroon n88: June 2020

Covid 19 Its impacts so far


Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»


Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts


Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »