Cameroonian insurance turnover drops by 0.6% in 2020

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The Cameroonian insurance market has recorded a 0.6 percent drop in its turnover to 210.338 billion FCFA (393.85 million USD).

While non-life premiums have declined by 0.17 percent from 141.176 billion FCFA in 2019 to 140.933 billion FCFA (263.89 million USD) in 2020.

This regression follows the decrease in the underwritings of some non-life insurers such as PRO ASSUR Assurances (-24.17 percent), Saar Assurances (-18.57 percent), Saham Cameroon (-17.55 percent) and Allianz Cameroun (-13.91 percent).

Atlantique Assurance, for its part, has posted a turnover increase of 112.91 percent in 2020. In terms of turnover, this company occupies the ninth position in the 2020 ranking of non-life insurers.

With 69.405 billion FCFA (129.96 million USD) of written premiums in 2020, the life class of business is up by 2.31 percent

The ranking by life company makes Allianz Vie the leader of the life market with a turnover of 19.754 billion FCFA (36.99 million USD). The second and third places of the ranking are respectively occupied by Prudential and ACTIVA Vie with premiums of 15.07 billion FCFA (28.22 million USD) and 8.209 billion FCFA (15.37 million USD).

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