The Insurance Industry in Cameroon – Key Trends, Insights and Opportunities to 2022

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The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Cameroonian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

This report provides in-depth market analysis, information and insights into the Cameroonian insurance industry, including –
– The Cameroonian insurance industry’s growth prospects by segment and category
– A comprehensive overview of the Cameroonian economy and demographics
– Details of the competitive landscape in the Cameroonian insurance industry
– The various distribution channels in the Cameroonian insurance industry
– Details of regulatory policy applicable to the Cameroonian insurance industry
– Analysis of natural hazards in the Cameroonian insurance industry.

Key Highlights 

– The number of life insurers in Cameroon increased from seven in 2013 to 10 in 2017, while the number of general insurers declined from 18 in 2011 to 15 in 2017.
– In May 2017, Zenithe Insurance introduced Cameroons first digital platform, which offers both policies and the ability to pay premium online.
– Effective May 2018, the Inter-African Conference of the Insurance Markets (CIMA) amended provisions on the claim limitation period, which requires insurers to settle an outstanding claim within three years from the date of claim reporting.
– In December 2017, CIMA authorized Zenithe Afrika-Vie, a new life insurance company, to start operations in Cameroon.
– In 2017, the government announced the introduction of the Universal Health Coverage System, which is expected to be implemented by the end of 2018, and allocated an initial funding of XOF1.3 trillion (US$2.2 billion).

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Scope

This report provides a comprehensive analysis of the insurance industry in Cameroon –
– It provides historical values for the Cameroonian insurance industry for the reports 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
– It offers a detailed analysis of the key segments in the Cameroonian insurance industry, with market forecasts to 2022.
– It covers an exhaustive list of parameters, including written premium and claims.
– It analyzes the various distribution channels in Cameroon.
– It profiles the top insurance companies in Cameroon, and outlines the key regulations affecting them.

Reasons to buy

– Make strategic business decisions using in-depth historic and forecast market data related to the Cameroonian insurance industry and each segment and category within it.
– Understand the demand-side dynamics, key market trends and growth opportunities in the Cameroonian insurance industry.
– Assess the competitive dynamics in the Cameroonian insurance industry.
– Identify the growth opportunities and market dynamics in key segments.
– Gain insights into key regulations governing the Cameroonian insurance industry and their impact on companies and the industry’s future.