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Turnover and profit: Chanas Assurances aims for a 10% increase in 2025

10/12/2024
Source : ORISHAS FINANCE
Categories: Sectors

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At the end of a board of directors and a general meeting held in Douala on December 7, 2024, a press release was published according to which Chanas Assurances aims to increase its turnover and net income by around 10% in over the next year.

Chanas Assurances is the subsidiary of the Société Nationale des Hydrocarbures (SNH). To achieve its goal, it has adopted an ambitious action plan, which will have to be implemented by Henri Théodore Bayouak, now CEO of the company. Indeed, the new CEO of Chanas Assurances has the mission, in the medium and long term, of “(...) regain the leading position in the insurance market in Cameroon”. In reality, thanks to an increase in capital that occurred after Ms. Cassalegno's departure, SNH is injecting 2.3 billion FCFA into it, as part of an operation aimed at increasing the company's share capital from 2.3 to

6 billion FCFA.

According to the information in the report of the Association of Insurance Companies of Cameroon (ASAC), Chanas Assurances SA is number 3 in the non-life insurance market in Cameroon in 2022, with 10.8% of the market share.

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