Non-life Segment Accounted for 54.8% of the Industry’s Gross Written Premium in 2014

Date: 2015-09-01

“• The Cameroonian insurance industry grew at a review-period CAGR of 7.3% in terms of gross written premium.

• Cameroon’s insurance industry is supervised by the Ministry of Finance (MoF). 

• A total of 21 insurers were authorized to conduct insurance business as of 2014.

• The non-life segment accounted for 54.8% of the industry’s gross written premium in 2014.

• Motor insurance was the largest category in the segment during the review period, in terms of gross written premium.

• Positive economic growth is forecast to encourage insurance sales.”


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