logoBC
Yaoundé - 11 December 2018 -

Insurance sector records CFAF 139.8 billion of turnover

Insurance sector records CFAF 139.8 billion of turnover
  • Comments   -   Tuesday, 22 January 2013 10:18

(Business in Cameroon) - The figure is an increase of 8.5% from the 2010 figures. According to the 2012 financial year report, investments in the sector generated a net financial revenue of 8.1 billion francs CFA. Meanwhile revenues generated in the sector stood at 146.7 billion francs CFA.

In terms of expenses, 134.7 billion francs CFA was used. Out of this amount 58.6 billion dropped in claims, overheads took 36.8 billion francs CFA while reinsurance balance stood at 23.4 billion and contracts acquisition costs 15.7 billion francs CFA.

Going by the turnover figures, Cameroon ranks second out of 14 counties of the Inter-African Conference on Insurance markets (CIMA). The country counts 25 approved companies, 18 in the All-risk and Transport Insurance (IARDT) category and seven in “Life Insurance.”

JV

Mags frontpage


Business in Cameroon n69: November 2018

Cameroon’s finance sector goes through rapid digitalization

Cashew, a sector with great potential, both for revenues and job creation



Investir au Cameroun n79: Novembre 2018

Le secteur financier camerounais se digitalise à grande vitesse

L’anacarde, un vaste potentiel de revenus et d’emplois