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Insurance market: AFG Assurance Cameroun wants to increase its capital to 10 billion FCFA this year

06/03/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The insurance company Atlantique Assurance Cameroun recently changed its identity through an official ceremony. Now AFG Assurance Cameroun aims to increase its capital from 9 billion FCFA in the financial years 2023 and 2024 to 10 billion FCFA in the

year 2025.

As part of the optimization of its services, AFG Bank Cameroon has begun a major transformation with the migration of its central banking system, allowing automated and efficient processes. This modernization has been accompanied by a significant diversification of the offer of products and services. This Cameroonian subsidiary of the financial division of the Ivorian group AFG Holding has been enjoying constant growth since 2018. In reality, turnover increased from 1.3 billion FCFA in 2018 to more than 9 billion FCFA in 2022. This performance allows it to occupy 9th place among the 17 insurance companies in Cameroon. Atlantique Assurances aims to cross the 10 billion CFA mark by the end of the current fiscal year.

With the 10 billion CFA mark to be crossed in 2025, AFG Assurance Cameroun will record a 640% increase in its capital in 7 years, i.e. an annual average of 33%.
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