The Association of Insurance Companies of Cameroon (ASAC) published the indications of the insurance sector in its recently published magazine “Assurances & Security” in May 2024. It should be noted that the market turnover reached 272.55 billion francs, an increase of 6.32% compared

The insurance industry grew by 8.97% compared to last year. A performance motivated by the categories of personal accidents and illness (+5.85 billion F), fire and other damage to property (+4.67 billion F), other automobile risks (+4.58 billion F) and Other direct risks (+3.36 billion F) and Other direct risks damage (+3.36 billion F). For its part, the motor liability category fell by 1.68 billion F. Acceptances also took a step backwards, i.e. -1.32 billion F. Maritime transport and general civil liability fell respectively by 1.27 billion and 196 million F. Of the 17 non-life companies operating in this branch, they are Axa (23.10 billion F), Saar (20.55 billion F) and 196 million F. Of the 17 non-life companies operating in this branch, these are Axa (23.10 billion F) and Chanz As (20.09 billion F) who are leading the platoon

According to the president of ASAC, Thierry Kepeden, “these figures, although clearly increasing, remain far from our expectations, our objectives and the real potential of our market”.