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The Insurance Industry in Cameroon, Key Trends and Opportunities to 2022

The Insurance Industry in Cameroon, Key Trends and Opportunities to 2022

The Insurance Industry in Cameroon, Key Trends and Opportunities to 2022

Summary.

Timetric’s The Insurance Industry in Cameroon, Key Trends and Opportunities to 2022, report provides detailed analysis of the market trends, drivers and challenges in the Cameroonian insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Cameroonian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

This report provides in-depth market analysis, information and insights into the Cameroonian insurance industry, including -

  • The Cameroonian insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Cameroonian economy and demographics
  • Details of the competitive landscape in the Cameroonian insurance industry
  • The various distribution channels in the Cameroonian insurance industry
  • Details of regulatory policy applicable to the Cameroonian insurance industry
  • Analysis of natural hazards in the Cameroonian insurance industry.
Key Highlights
  • The number of life insurers in Cameroon increased from seven in 2013 to 10 in 2017, while the number of general insurers declined from 18 in 2011 to 15 in 2017.
  • In May 2017, Zenithe Insurance introduced Cameroon’s first digital platform, which offers both policies and the ability to pay premium online.
  • Effective May 2018, the Inter-African Conference of the Insurance Markets (CIMA) amended provisions on the claim limitation period, which requires insurers to settle an outstanding claim within three years from the date of claim reporting.
  • In December 2017, CIMA authorized Zenithe Afrika-Vie, a new life insurance company, to start operations in Cameroon.
  • In 2017, the government announced the introduction of the Universal Health Coverage System, which is expected to be implemented by the end of 2018, and allocated an initial funding of XOF1.3 trillion (US$2.2 billion).
Scope.

This report provides a comprehensive analysis of the insurance industry in Cameroon -
  • It provides historical values for the Cameroonian insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
  • It offers a detailed analysis of the key segments in the Cameroonian insurance industry, with market forecasts to 2022.
  • It covers an exhaustive list of parameters, including written premium and claims.
  • It analyzes the various distribution channels in Cameroon.
  • It profiles the top insurance companies in Cameroon, and outlines the key regulations affecting them.
Reasons to buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Cameroonian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Cameroonian insurance industry.
  • Assess the competitive dynamics in the Cameroonian insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Cameroonian insurance industry and their impact on companies and the industry's future.


  • Key Facts and Highlights
    • Table Cameroonian Insurance Industry – Key Facts, 2017
    • Table Cameroonian Insurance Industry – Market Shares of the Top Insurers, 2016
  • Executive Summary
  • Economy and Demographics
    • Table Cameroonian Government Credit Ratings
  • Industry Outlook
    • Industry Indicators
      • Gross written premium
        • Table Cameroonian Insurance Industry – Gross Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Insurance Industry – Gross Written Premium (XOF Billion and US$ million), 2017–2022
      • Direct written premium
        • Table Cameroonian Insurance Industry – Direct Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Insurance Industry – Direct Written Premium (XOF Billion and US$ Million), 2017–2022
      • Insurance density
        • Table Cameroonian Insurance Industry – Density (XOF), 2013–2017
        • Table Cameroonian Insurance Industry – Density (XOF), 2017–2022
      • Paid claims
        • Table Cameroonian Insurance Industry – Paid Claims (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Insurance Industry – Paid Claims (XOF Billion and US$ Million), 2017–2022
  • Life Insurance Outlook
    • Segment Indicators
      • Gross written premium
        • Table Cameroonian Life Insurance – Gross Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Life Insurance – Gross Written Premium (XOF Billion and US$ Million), 2017–2022
      • Direct written premium
        • Table Cameroonian Life Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Life Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017–2022
      • Paid claims
        • Table Cameroonian Life Insurance – Paid Claims (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Life Insurance – Paid Claims (XOF Billion and US$ Million), 2017–2022
      • Penetration
        • Table Cameroonian Life Insurance – Total Investment Income (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Life Insurance – Total Investment Income (XOF Billion and US$ Million), 2017–2022
        • Table Cameroonian Life Insurance – Investment Portfolio (XOF Billion), 2013–2017
        • Table Cameroonian Life Insurance – Investment Portfolio (XOF Billion), 2017–2022
  • General Insurance Outlook
    • Segment Indicators
      • Gross written premium
        • Table Cameroonian General Insurance – Gross Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian General Insurance – Gross Written Premium (XOF Billion and US$ Million), 2017–2022
      • Direct written premium
        • Table Cameroonian General Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian General Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017–2022
      • Paid claims
        • Table Cameroonian General Insurance – Paid Claims (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian General Insurance – Paid Claims (XOF Billion and US$ Million), 2017–2022
      • Penetration
      • Loss ratio
        • Table Cameroonian General Insurance – Total Investment Income (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian General Insurance – Total Investment Income (XOF Billion and US$ Million), 2017–2022
        • Table Cameroonian General Insurance – Investment Portfolio (XOF Billion), 2013–2017
        • Table Cameroonian General Insurance – Investment Portfolio (XOF Billion), 2017–2022
    • Property Insurance
      • Direct written premium
        • Table Cameroonian Property Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Property Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017–2022
      • Penetration
      • Profitability
        • Table Cameroonian Property Insurance – Loss Ratio (%), 2013–2017
        • Table Cameroonian Property Insurance – Loss Ratio (%), 2017–2022
    • Motor Insurance
      • Direct written premium
        • Table Cameroonian Motor Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Motor Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017–2022
      • Penetration
      • Profitability
        • Table Cameroonian Motor Insurance – Loss Ratio (%), 2013–2017
        • Table Cameroonian Motor Insurance – Loss Ratio (%), 2017–2022
    • Liability Insurance
      • Direct written premium
        • Table Cameroonian Liability Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Liability Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017–2022
      • Penetration
      • Profitability
        • Table Cameroonian Liability Insurance – Loss Ratio (%), 2013–2017
        • Table Cameroonian Liability Insurance – Loss Ratio (%), 2017–2022
    • Financial Lines Insurance
      • Direct written premium
        • Table Cameroonian Financial Lines Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Financial Lines Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017–2022
      • Penetration
      • Profitability
        • Table Cameroonian Financial Lines Insurance – Loss Ratio (%), 2013–2017
        • Table Cameroonian Financial Lines Insurance – Loss Ratio (%), 2017–2022
    • Marine, Aviation and Transit Insurance
      • Direct written premium
        • Table Cameroonian Marine Aviation and Transit Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Marine, Aviation and Transit Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017–2022
      • Penetration
      • Profitability
        • Table Cameroonian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2013–2017
        • Table Cameroonian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2017–2022
    • Personal Accident and Health Insurance
      • Direct written premium
        • Table Cameroonian Personal accident and health Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Personal accident and health Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017–2022
      • Penetration
      • Claims
        • Table Cameroonian Personal Accident and Health Insurance – Paid Claims (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Personal Accident and Health Insurance – Paid Claims (XOF Billion and US$ Million), 2017–2022
      • Profitability
        • Table Cameroonian Personal Accident and Health Insurance – Loss Ratio (%), 2013–2017
        • Table Cameroonian Personal Accident and Health Insurance – Loss Ratio (%), 2017–2022
    • Miscellaneous
      • Direct written premium
        • Table Cameroonian Miscellaneous Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013–2017
        • Table Cameroonian Miscellaneous Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017–2022
      • Penetration
      • Profitability
        • Table Cameroonian Miscellaneous – Loss Ratio (%), 2013–2017
        • Table Cameroonian Miscellaneous – Loss Ratio (%), 2017–2022
  • Reinsurance Outlook
    • Premium Ceded
      • Table Cameroonian Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2013–2017
      • Table Cameroonian Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2017–2022
  • Distribution Channel Outlook
  • Natural and Man-Made Hazards
    • Flooding
    • Droughts
    • Earthquakes
    • Landslides
    • Man-Made Hazards
    • Exposures
  • Competitive Landscape
    • Table Cameroonian Insurance – Segment Shares of the Leading Insurers (%), 2016
    • Table Cameroonian Insurance – Segment Shares of the Leading Life Insurers (%), 2016
    • Table Cameroonian Insurance – Segment Shares of the Leading General Insurers (%), 2016
    • Company Profiles
      • Axa Assurances – company overview
        • Table Axa Assurances Insurance Company – Key Facts
      • Allianz Cameroon Assurances Vie – company overview
        • Table Allianz Cameroun Assurances Vie – Key Facts
      • Activa Assurances – company overview
        • Table Activa Assurances Insurance Company – Key Facts
      • Société Africaine d'Assurances et de Réassurances – company overview
        • Table Société Africaine d'Assurances et de Réassurances Insurance Company – Key Facts
      • Allianz Cameroun Assurances – company overview
        • Table Allianz Cameroun – Key Facts
  • Governance, Risk and Compliance
    • Table Cameroon – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Table Cameroon – Intermediary remuneration Regulatory Framework
      • Life insurance
        • Table Cameroon – Life Insurance Regulatory Framework
      • Property insurance
        • Table Cameroon – Property Insurance Regulatory Framework
      • Motor insurance
        • Table Cameroon – Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Cameroon – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third party liability insurance
      • Professional indemnity insurance for insurance intermediaries
      • Worker's compensation
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Commissions Regional des Assurances
      • Ministry of Finance
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Cameroon – Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Life Insurance
      • Policies and premium
        • Table Cameroonian Life Insurance – Policies and Premium, 2013–2017
        • Table Cameroonian Life Insurance – Policies and Premium, 2017–2022
      • Claims and expenses
        • Table Cameroonian Life Insurance – Claims and Expenses, 2013–2017
        • Table Cameroonian Life Insurance – Claims and Expenses, 2017–2022
      • Assets and investments
        • Table Cameroonian Life Insurance – Assets and Investments, 2013–2017
        • Table Cameroonian Life Insurance – Assets and Investments, 2017–2022
      • Individual life insurance
        • Table Cameroonian Life Insurance – Individual Life Insurance, 2013–2017
        • Table Cameroonian Life Insurance – Individual Life Insurance, 2017–2022
      • Individual life insurance by category
        • Table Cameroonian Life Insurance – Individual Life Insurance by Category, 2013–2017
        • Table Cameroonian Life Insurance – Individual Life Insurance by Category, 2017–2022
      • Group life insurance
        • Table Cameroonian Life Insurance – Group Life Insurance, 2013–2017
        • Table Cameroonian Life Insurance – Group Life Insurance, 2017–2022
      • Group life insurance by category
        • Table Cameroonian Life Insurance – Group Life Insurance by Category, 2013–2017
        • Table Cameroonian Life Insurance – Group Life Insurance by Category, 2017–2022
    • General Insurance
      • Policies and premium
        • Table Cameroonian General Insurance – Policies and Premium, 2013–2017
        • Table Cameroonian General Insurance – Policies and Premium, 2017–2022
      • Claims and expenses
        • Table Cameroonian General Insurance – Claims and Expenses, 2013–2017
        • Table Cameroonian General Insurance – Claims and Expenses, 2017–2022
      • Assets and investments
        • Table Cameroonian General Insurance – Assets and Investments, 2013–2017
        • Table Cameroonian General Insurance – Assets and Investments, 2017–2022
      • Property insurance
        • Table Cameroonian General Insurance – Property Insurance, 2013–2017
        • Table Cameroonian General Insurance – Property Insurance, 2017–2022
      • Property insurance by category
        • Table Cameroonian General Insurance – Property Insurance by Category, 2013–2017
        • Table Cameroonian General Insurance – Property Insurance by Category, 2017–2022
      • Motor insurance
        • Table Cameroonian General Insurance – Motor Insurance, 2013–2017
        • Table Cameroonian General Insurance – Motor Insurance, 2017–2022
      • Motor insurance by category
        • Table Cameroonian General Insurance – Motor Insurance by Category, 2013–2017
        • Table Cameroonian General Insurance – Motor Insurance by Category, 2017–2022
      • Liability insurance
        • Table Cameroonian General Insurance – Liability Insurance, 2013–2017
        • Table Cameroonian General Insurance – Liability Insurance, 2017–2022
      • Financial lines insurance
        • Table Cameroonian General Insurance – Financial Lines Insurance, 2013–2017
        • Table Cameroonian General Insurance – Financial Lines Insurance, 2017–2022
      • Marine, aviation and transit insurance
        • Table Cameroonian General Insurance – Marine, Aviation and Transit Insurance, 2013–2017
        • Table Cameroonian General Insurance – Marine, Aviation and Transit Insurance, 2017–2022
      • Marine Aviation and Transit Insurance by category
        • Table Cameroonian General Insurance – Marine Aviation and Transit Insurance by Category, 2013–2017
        • Table Cameroonian General Insurance – Marine Aviation and Transit Insurance by Category, 2017–2022
      • Personal Accident and Health Insurance
        • Table Cameroonian General Insurance – Personal Accident and Health Insurance, 2013–2017
        • Table Cameroonian General Insurance – Personal Accident and Health Insurance, 2017– 2022
      • Miscellaneous
        • Table Cameroonian General Insurance – Miscellaneous, 2013–2017
        • Table Cameroonian General Insurance – Miscellaneous, 2017–2022
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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