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Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Gross written premium
4.1.2 Direct written premium
4.1.3 Insurance density
4.1.4 Paid claims
5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Gross written premium
5.1.2 Direct written premium
5.1.3 Paid claims
5.1.4 Penetration
5.1.5 Penetration
5.1.6 Penetration
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Gross written premium
6.1.2 Direct written premium
6.1.3 Paid claims
6.1.4 Penetration
6.1.5 Loss ratio
6.2 Property Insurance
6.2.1 Direct written premium
6.2.2 Penetration
6.2.3 Profitability
6.3 Motor Insurance
6.3.1 Direct written premium
6.3.2 Penetration
6.3.3 Profitability
6.4 Liability Insurance
6.4.1 Direct written premium
6.4.2 Penetration
6.4.3 Profitability
6.5 Financial Lines Insurance
6.5.1 Direct written premium
6.5.2 Penetration
6.5.3 Profitability
6.6 Marine, Aviation and Transit Insurance
6.6.1 Direct written premium
6.6.2 Penetration
6.6.3 Profitability
6.7 Personal Accident and Health Insurance
6.7.1 Direct written premium
6.7.2 Penetration
6.7.3 Claims
6.7.4 Profitability
6.8 Miscellaneous
6.8.1 Direct written premium
6.8.2 Penetration
6.8.3 Profitability
7 Reinsurance Outlook
7.1 Premium Ceded
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Earthquakes
9.4 Landslides
9.5 Man-Made Hazards
9.6 Exposures
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Axa Assurances - company overview
10.1.2 Allianz Cameroon Assurances Vie - company overview
10.1.3 Activa Assurances - company overview
10.1.4 Société Africaine d’Assurances et de Réassurances - company overview
10.1.5 Allianz Cameroun Assurances - company overview
11 Governance, Risk and Compliance
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life insurance
11.3.2 Property insurance
11.3.3 Motor insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Motor third party liability insurance
11.4.2 Professional indemnity insurance for insurance intermediaries
11.4.3 Worker’s compensation
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 Commissions Regional des Assurances
11.5.3 Ministry of Finance
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution
12 Databook
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Assets and investments
12.1.4 Individual life insurance
12.1.5 Individual life insurance by category
12.1.6 Group life insurance
12.1.7 Group life insurance by category
12.2 General Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Assets and investments
12.2.4 Property insurance
12.2.5 Property insurance by category
12.2.6 Motor insurance
12.2.7 Motor insurance by category
12.2.8 Liability insurance
12.2.9 Financial lines insurance
12.2.10 Marine, aviation and transit insurance
12.2.11 Marine Aviation and Transit Insurance by category
12.2.12 Personal Accident and Health Insurance
12.2.13 Miscellaneous
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About Timetric
14.1 Contact Timetric
14.2 About Timetric
14.3 Timetric’s Services
14.4 Disclaimer
List of Tables
Table 1: Cameroonian Insurance Industry - Key Facts, 2017
Table 2: Cameroonian Insurance Industry - Market Shares of the Top Insurers, 2016
Table 3: Cameroonian Government Credit Ratings
Table 4: Cameroonian Insurance Industry - Gross Written Premium (XOF Billion and US$ Million), 2013-2017
Table 5: Cameroonian Insurance Industry - Gross Written Premium (XOF Billion and US$ million), 2017-2022
Table 6: Cameroonian Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 7: Cameroonian Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 8: Cameroonian Insurance Industry - Density (XOF), 2013-2017
Table 9: Cameroonian Insurance Industry - Density (XOF), 2017-2022
Table 10: Cameroonian Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2013-2017
Table 11: Cameroonian Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2017-2022
Table 12: Cameroonian Life Insurance - Gross Written Premium (XOF Billion and US$ Million), 2013-2017
Table 13: Cameroonian Life Insurance - Gross Written Premium (XOF Billion and US$ Million), 2017-2022
Table 14: Cameroonian Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 15: Cameroonian Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 16: Cameroonian Life Insurance - Paid Claims (XOF Billion and US$ Million), 2013-2017
Table 17: Cameroonian Life Insurance - Paid Claims (XOF Billion and US$ Million), 2017-2022
Table 18: Cameroonian Life Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-2017
Table 19: Cameroonian Life Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-2022
Table 20: Cameroonian Life Insurance - Investment Portfolio (XOF Billion), 2013-2017
Table 21: Cameroonian Life Insurance - Investment Portfolio (XOF Billion), 2017-2022
Table 22: Cameroonian General Insurance - Gross Written Premium (XOF Billion and US$ Million), 2013-2017
Table 23: Cameroonian General Insurance - Gross Written Premium (XOF Billion and US$ Million), 2017-2022
Table 24: Cameroonian General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 25: Cameroonian General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 26: Cameroonian General Insurance - Paid Claims (XOF Billion and US$ Million), 2013-2017
Table 27: Cameroonian General Insurance - Paid Claims (XOF Billion and US$ Million), 2017-2022
Table 28: Cameroonian General Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-2017
Table 29: Cameroonian General Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-2022
Table 30: Cameroonian General Insurance - Investment Portfolio (XOF Billion), 2013-2017
Table 31: Cameroonian General Insurance - Investment Portfolio (XOF Billion), 2017-2022
Table 32: Cameroonian Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 33: Cameroonian Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 34: Cameroonian Property Insurance - Loss Ratio (%), 2013-2017
Table 35: Cameroonian Property Insurance - Loss Ratio (%), 2017-2022
Table 36: Cameroonian Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 37: Cameroonian Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 38: Cameroonian Motor Insurance - Loss Ratio (%), 2013-2017
Table 39: Cameroonian Motor Insurance - Loss Ratio (%), 2017-2022
Table 40: Cameroonian Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 41: Cameroonian Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 42: Cameroonian Liability Insurance - Loss Ratio (%), 2013-2017
Table 43: Cameroonian Liability Insurance - Loss Ratio (%), 2017-2022
Table 44: Cameroonian Financial Lines Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 45: Cameroonian Financial Lines Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 46: Cameroonian Financial Lines Insurance - Loss Ratio (%), 2013-2017
Table 47: Cameroonian Financial Lines Insurance - Loss Ratio (%), 2017-2022
Table 48: Cameroonian Marine Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 49: Cameroonian Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 50: Cameroonian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-2017
Table 51: Cameroonian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2017-2022
Table 52: Cameroonian Personal accident and health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 53: Cameroonian Personal accident and health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 54: Cameroonian Personal Accident and Health Insurance - Paid Claims (XOF Billion and US$ Million), 2013-2017
Table 55: Cameroonian Personal Accident and Health Insurance - Paid Claims (XOF Billion and US$ Million), 2017-2022
Table 56: Cameroonian Personal Accident and Health Insurance - Loss Ratio (%), 2013-2017
Table 57: Cameroonian Personal Accident and Health Insurance - Loss Ratio (%), 2017-2022
Table 58: Cameroonian Miscellaneous Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 59: Cameroonian Miscellaneous Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 60: Cameroonian Miscellaneous - Loss Ratio (%), 2013-2017
Table 61: Cameroonian Miscellaneous - Loss Ratio (%), 2017-2022
Table 62: Cameroonian Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-2017
Table 63: Cameroonian Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2017-2022
Table 64: Cameroonian Insurance - Segment Shares of the Leading Insurers (%), 2016
Table 65: Cameroonian Insurance - Segment Shares of the Leading Life Insurers (%), 2016
Table 66: Cameroonian Insurance - Segment Shares of the Leading General Insurers (%), 2016
Table 67: Axa Assurances Insurance Company - Key Facts
Table 68: Allianz Cameroun Assurances Vie - Key Facts
Table 69: Activa Assurances Insurance Company - Key Facts
Table 70: Société Africaine d’Assurances et de Réassurances Insurance Company - Key Facts
Table 71: Allianz Cameroun - Key Facts
Table 72: Cameroon - Insurance Regulatory Framework Key Features
Table 73: Cameroon - Life Insurance Regulatory Framework
Table 74: Cameroon - Life Insurance Regulatory Framework
Table 75: Cameroon - Property Insurance Regulatory Framework
Table 76: Cameroon - Motor Insurance Regulatory Framework
Table 77: Cameroon - Liability Insurance Regulatory Framework
Table 78: Cameroon - Corporate Tax Rates for the Financial Year 2017
Table 79: Cameroonian Life Insurance - Policies and Premium, 2013-2017
Table 80: Cameroonian Life Insurance - Policies and Premium, 2017-2022
Table 81: Cameroonian Life Insurance - Claims and Expenses, 2013-2017
Table 82: Cameroonian Life Insurance - Claims and Expenses, 2017-2022
Table 83: Cameroonian Life Insurance - Assets and Investments, 2013-2017
Table 84: Cameroonian Life Insurance - Assets and Investments, 2017-2022
Table 85: Cameroonian Life Insurance - Individual Life Insurance, 2013-2017
Table 86: Cameroonian Life Insurance - Individual Life Insurance, 2017-2022
Table 87: Cameroonian Life Insurance - Individual Life Insurance by Category, 2013-2017
Table 88: Cameroonian Life Insurance - Individual Life Insurance by Category, 2017-2022
Table 89: Cameroonian Life Insurance - Group Life Insurance, 2013-2017
Table 90: Cameroonian Life Insurance - Group Life Insurance, 2017-2022
Table 91: Cameroonian Life Insurance - Group Life Insurance by Category, 2013-2017
Table 92: Cameroonian Life Insurance - Group Life Insurance by Category, 2017-2022
Table 93: Cameroonian General Insurance - Policies and Premium, 2013-2017
Table 94: Cameroonian General Insurance - Policies and Premium, 2017-2022
Table 95: Cameroonian General Insurance - Claims and Expenses, 2013-2017
Table 96: Cameroonian General Insurance - Claims and Expenses, 2017-2022
Table 97: Cameroonian General Insurance - Assets and Investments, 2013-2017
Table 98: Cameroonian General Insurance - Assets and Investments, 2017-2022
Table 99: Cameroonian General Insurance - Property Insurance, 2013-2017
Table 100: Cameroonian General Insurance - Property Insurance, 2017-2022
Table 101: Cameroonian General Insurance - Property Insurance by Category, 2013-2017
Table 102: Cameroonian General Insurance - Property Insurance by Category, 2017-2022
Table 103: Cameroonian General Insurance - Motor Insurance, 2013-2017
Table 104: Cameroonian General Insurance - Motor Insurance, 2017-2022
Table 105: Cameroonian General Insurance - Motor Insurance by Category, 2013-2017
Table 106: Cameroonian General Insurance - Motor Insurance by Category, 2017-2022
Table 107: Cameroonian General Insurance - Liability Insurance, 2013-2017
Table 108: Cameroonian General Insurance - Liability Insurance, 2017-2022
Table 109: Cameroonian General Insurance - Financial Lines Insurance, 2013-2017
Table 110: Cameroonian General Insurance - Financial Lines Insurance, 2017-2022
Table 111: Cameroonian General Insurance - Marine, Aviation and Transit Insurance, 2013-2017
Table 112: Cameroonian General Insurance - Marine, Aviation and Transit Insurance, 2017-2022
Table 113: Cameroonian General Insurance - Marine Aviation and Transit Insurance by Category, 2013-2017
Table 114: Cameroonian General Insurance - Marine Aviation and Transit Insurance by Category, 2017-2022
Table 115: Cameroonian General Insurance - Personal Accident and Health Insurance, 2013-2017
Table 116: Cameroonian General Insurance - Personal Accident and Health Insurance, 2017-2022
Table 117: Cameroonian General Insurance - Miscellaneous, 2013-2017
Table 118: Cameroonian General Insurance - Miscellaneous, 2017-2022
Table 119: Insurance Industry Definitions
List of Tables
Figure 1: Cameroonian Real GDP (XOF Trillion), 2013-2022
Figure 2: Cameroonian Consumer Price Inflation (%), 2013-2022
Figure 3: Cameroon Current Account Balance as Percentage of GDP (%), 2013-2022
Figure 4: Cameroonian Unemployment Rate, 2013-2022
Figure 5: Cameroonian Population by Age Group, 2013-2022
Figure 6: Cameroonian Insurance Industry - Gross Written Premium (XOF Billion), 2013-2022
Figure 7: Cameroonian Insurance Industry - Direct Written Premium (XOF Billion), 2013-2022
Figure 8: Cameroonian Insurance Industry - Density (XOF), 2013-2022
Figure 9: Cameroonian Insurance Industry - Paid Claims (XOF Billion), 2013-2022
Figure 10: Cameroonian Life Insurance - Gross Written Premium (XOF Billion), 2013-2022
Figure 11: Cameroonian Life Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 12: Cameroonian Life Insurance - Paid Claims (XOF Billion), 2013-2022
Figure 13: Cameroonian Life Insurance - Penetration (%), 2013-2017
Figure 14: Cameroonian Life Insurance - Penetration (%), 2017-2022
Figure 15: Cameroonian Life Insurance - Total Investment Income (XOF Billion), 2013-2022
Figure 16: Cameroonian Life Insurance - Investment Portfolio (XOF Billion), 2013-2022
Figure 17: Cameroonian Life Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-2022
Figure 18: Cameroonian Individual Life Insurance - Penetration (%), 2013-2017
Figure 19: Cameroonian Individual Life Insurance - Penetration (%), 2017-2022
Figure 20: Cameroonian Group Life Insurance - Penetration (%), 2013-2017
Figure 21: Cameroonian Group Life Insurance - Penetration (%), 2017-2022
Figure 22: Cameroonian General Insurance - Gross Written Premium (XOF Billion), 2013-2022
Figure 23: Cameroonian General Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 24: Cameroonian General Insurance - Paid Claims (XOF Billion), 2013-2022
Figure 25: Cameroonian General Insurance - Penetration (%), 2013-2017
Figure 26: Cameroonian General Insurance - Penetration (%), 2017-2022
Figure 27: Cameroonian General Insurance - Loss Ratio (%), 2013-2017
Figure 28: Cameroonian General Insurance - Loss Ratio (%), 2017-2022
Figure 29: Cameroonian General Insurance - Total Investment Income (XOF Billion), 2013-2022
Figure 30: Cameroonian General Insurance - Investment Portfolio (XOF Billion), 2013-2022
Figure 31: Cameroonian General Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-2022
Figure 32: Cameroonian Property Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 33: Cameroonian Property Insurance - Penetration (%), 2013-2017
Figure 34: Cameroonian Property Insurance - Penetration (%), 2017-2022
Figure 35: Cameroonian Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 36: Cameroonian Motor Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 37: Cameroonian Motor Insurance - Penetration (%), 2013-2017
Figure 38: Cameroonian Motor Insurance - Penetration (%), 2017-2022
Figure 39: Cameroonian Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 40: Cameroonian Liability Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 41: Cameroonian Liability Insurance - Penetration (%), 2013-2017
Figure 42: Cameroonian Liability Insurance - Penetration (%), 2017-2022
Figure 43: Cameroonian Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 44: Cameroonian Financial Lines Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 45: Cameroonian Financial Lines Insurance - Penetration (%), 2013-2017
Figure 46: Cameroonian Financial Lines Insurance - Penetration (%), 2017-2022
Figure 47: Cameroonian Financial Lines Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 48: Cameroonian Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 49: Cameroonian Marine, Aviation and Transit Insurance - Penetration (%), 2013-2017
Figure 50: Cameroonian Marine, Aviation and Transit Insurance - Penetration (%), 2017-2022
Figure 51: Cameroonian Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 52: Cameroonian Personal Accident and Health Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 53: Cameroonian Personal Accident and Health Insurance - Penetration (%), 2013-2017
Figure 54: Cameroonian Personal Accident and Health Insurance - Penetration (%), 2017-2022
Figure 55: Cameroonian Personal Accident and Health Insurance - Paid Claims (XOF Billion), 2013-2022
Figure 56: Cameroonian Personal Accident and Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 57: Cameroonian Miscellaneous Insurance - Direct Written Premium (XOF Million), 2013-2022
Figure 58: Cameroonian Miscellaneous - Penetration (%), 2013-2017
Figure 59: Cameroonian Miscellaneous - Penetration (%), 2017-2022
Figure 60: Cameroonian Miscellaneous - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 61: Cameroonian Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-2022
Figure 62: Cameroonian Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2022
Figure 63: Cameroonian General Insurance - Percentage of Reinsurance Ceded (%), 2013-2022
Figure 64: Cameroonian Insurance Industry - Segment Shares of the Leading Insurers (%), 2016
Figure 65: Cameroonian Insurance Industry - Segment Shares of the Leading Life Insurers (%), 2016
Figure 66: Cameroonian Insurance Industry - Segment Shares of the Leading General Insurers (%), 2016
Figure 67: Cameroon - Insurance Supervision and Control at Various Levels
Figure 68: Cameroon - Insurance Regulatory Frameworks for Company Registration and Operation