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The Insurance Industry in Cameroon, Key Trends and Opportunities to 2018
Synopsis
The report provides in-depth industry analysis, information and insights of the insurance industry in Cameroon, including:
The Cameroonian insurance industry’s growth prospects by insurance segments and categories The competitive landscape in the Cameroonian insurance
industry The current trends and drivers of the Cameroonian insurance industry Challenges facing the Cameroonian insurance industry Detailed regulatory
framework of the Cameroonian insurance industry A benchmarking section on the Cameroonian insurance industry in comparison to other countries in the
African region
Executive summary
In terms of written premium value, the Cameroonian insurance industry grew at a CAGR of 9.4% during the review period (2009–2013). This increase
was on account of the strong performance of the life segment, which registered a CAGR of 12.4% during the review period. The industry is projected to grow at a
CAGR of 9.2% over the forecast period. Supported by the nation’s robust economic conditions, the expanding life insurance segment is expected to
contribute to the overall growth of the Cameroonian insurance industry over the forecast period (2013–2018).
Scope
This report provides a comprehensive analysis of the insurance industry in Cameroon:
It provides historical values for the Cameroonian insurance industry for the report’s 2009–2013 review period and projected figures for the
2013–2018 forecast period. It offers a detailed analysis of the key segments and categories in the Cameroonian insurance industry, along with forecasts
until 2018. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets,
total investment income and retentions. 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 industry data related to the Cameroonian insurance industry and each segment within it.
Understand the demand-side dynamics, key trends and growth opportunities within the Cameroonian insurance industry. Assess the competitive dynamics in the
Cameroonian insurance industry. Identify the growth opportunities and market dynamics within key segments. Gain insights into key regulations governing the
Cameroonian insurance industry and its impact on companies and the industry's future.
Key highlights
The insurance industry comprises of 22 insurers in total as of 2011. Cameroon allows 100% foreign direct investment (FDI) in the insurance industry, and the
entry of foreign companies increased competitiveness. Cameroon’s rising population spurred the demand life insurance products during the review period,
a trend which is expected to continue over the forecast period. Low life insurance penetration rate offers new insurers an opportunity to scale-up their businesses.
Government infrastructure expenditure is expected to support the non-life insurance segment over the forecast period. A high combined ratio is one of the key
concerns for life insurance companies in Cameroon. Decrease in the inflation rate to spur insurance sales.
table Of Contents
1 Executive Summary
2 Introduction
2.1 What Is This Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market Trends
3.1.2 Market Size
4 Life Insurance Segment – Regional Benchmarking
4.1 Scale And Penetration
4.1.1 Total Gross Written Premium
4.1.2 Premium Per Capita
4.1.3 Life Insurance Penetration
4.2 Growth
4.2.1 Gross Written Premium
4.2.2 Gross Written Premium Per Capita
4.3 Efficiency And Risk
4.3.1 Loss Ratio
4.3.2 Combined Ratio
4.3.3 Incurred Losses Per Capita
4.3.4 Incurred Losses As A Percentage Of Gdp
5 Non-life Insurance Segment – Regional Benchmarking
The Insurance Industry in Cameroon, Key Trends and Opportunities to 2018
5.1 Scale And Penetration
5.1.1 Total Market Gross Written Premium
5.1.2 Premium Per Capita
5.1.3 Non-life Insurance Penetration Rate
5.2 Growth
5.2.1 Gross Written Premium
5.2.2 Gross Written Premium Per Capita
5.3 Efficiency And Risk
5.3.1 Loss Ratio
5.3.2 Combined Ratio
5.3.3 Incurred Losses Per Capita
5.3.4 Incurred Losses As A Percentage Of Gdp
6 Personal Accident And Health Insurance Segment – Regional Benchmarking
6.1 Scale And Penetration
6.1.1 Total Market Gross Written Premium
6.1.2 Premium Per Capita
6.1.3 Personal Accident And Health Insurance Penetration
6.2 Growth
6.2.1 Gross Written Premium
6.2.2 Gross Written Premium Per Capita
6.3 Efficiency And Risk
6.3.1 Loss Ratio
6.3.2 Combined Ratio
6.3.3 Incurred Losses Per Capita
6.3.4 Incurred Losses As A Percentage Of Gdp
7 Cameroonian Insurance Industry Overview
7.1 Cameroonian Insurance Industry
7.2 Key Industry Trends And Drivers
7.3 Challenges
7.4 Regulation
8 Industry Segmentation
8.1 Life Insurance
8.1.1 Individual Endowment Insurance
8.1.2 Individual Marriage And Birth Insurance
8.2 Non-life Insurance
8.2.1 Property Insurance
8.2.2 Motor Insurance
8.2.3 Liability Insurance
8.2.4 Marine, Aviation And Transit Insurance
8.3 Personal Accident And Health Insurance
8.4 Reinsurance
9 Governance, Risk And Compliance
9.1 Legislation Overview And Historical Evolution
9.2 Legislation And Market Practice By Type Of Insurance
9.2.1 Life Insurance
9.2.2 Property Insurance
9.2.3 Motor Insurance
9.2.4 Liability Insurance
9.2.5 Marine, Aviation And Transit Insurance
9.2.6 Personal Accident And Health Insurance
9.3 Compulsory Insurance
9.3.1 Motor Third-party Liability Insurance
9.3.2 Professional Indemnity Insurance For Insurance Intermediaries
9.3.3 Workers’ Compensation
9.4 Supervision And Control
9.4.1 International Association Of Insurance Supervisors
9.4.2 Commission Regional Des Assurances (crca)
9.4.3 Ministry Of Finance (mof)
9.5 Non-admitted Insurance Regulations
9.5.1 Overview
The Insurance Industry in Cameroon, Key Trends and Opportunities to 2018
9.5.2 Intermediaries
9.5.3 Market Practices
9.5.4 Fines And Penalties
9.6 Company Registration And Operations
9.6.1 Types Of Insurance Organization
9.6.2 Establishing A Local Company
9.6.3 Foreign Ownership
9.6.4 Types Of License
9.6.5 Capital Requirements
9.6.6 Solvency Margins
9.6.7 Reserve Requirements
9.6.8 Investment Regulations
9.6.9 Statutory Return Requirements
9.6.10 Fee Structure
9.7 Taxation
9.7.1 Insurance Premium Or Policy Taxation
9.7.2 Withholding Taxes On Premium Paid Overseas
9.7.3 Corporate Tax
9.7.4 Vat
9.7.5 Captives
9.8 Legal System
9.8.1 Introduction
9.8.2 Access To Court
9.8.3 Alternative Dispute Resolution (adr)
10 Competitive Landscape
10.1 Overview
10.2 Leading Companies
10.2.1 Chanas Assurances Sa – Company Overview
10.2.2 Societe Africaine D’assurances Et De Reassurance (saar) – Company Overview
10.2.3 Colina Sa – Company Overview
10.2.4 Nouvelle Societe Interafricaine D’assurances (nsia) – Company Overview
11 Macroeconomic Indicators
11.1 Gdp At Constant Prices (us$)
11.2 Gdp At Current Prices (us$)
11.3 Gdp Per Capita At Current Prices (us$)
11.4 Inflation (percentage)
11.5 Life Expectancy
11.6 Labor Force
11.7 Total Number Of Households
11.8 Total Number Of Internet Users
11.9 Total Population
11.1 Urban And Rural Population
12 Appendix
12.1 Methodology
12.2 Contact Timetric
12.3 About Timetric
12.4 Timetric’s Services
12.5 Disclaimer
ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your
research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and
across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an
informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
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The Insurance Industry in Cameroon, Key Trends and Opportunities to 2018
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The Insurance Industry in Cameroon, Key Trends and Opportunities to 2018

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Report on The Insurance Industry in Cameroon to 2018

  • 1. The Insurance Industry in Cameroon, Key Trends and Opportunities to 2018 Synopsis The report provides in-depth industry analysis, information and insights of the insurance industry in Cameroon, including: The Cameroonian insurance industry’s growth prospects by insurance segments and categories The competitive landscape in the Cameroonian insurance industry The current trends and drivers of the Cameroonian insurance industry Challenges facing the Cameroonian insurance industry Detailed regulatory framework of the Cameroonian insurance industry A benchmarking section on the Cameroonian insurance industry in comparison to other countries in the African region Executive summary In terms of written premium value, the Cameroonian insurance industry grew at a CAGR of 9.4% during the review period (2009–2013). This increase was on account of the strong performance of the life segment, which registered a CAGR of 12.4% during the review period. The industry is projected to grow at a CAGR of 9.2% over the forecast period. Supported by the nation’s robust economic conditions, the expanding life insurance segment is expected to contribute to the overall growth of the Cameroonian insurance industry over the forecast period (2013–2018). Scope This report provides a comprehensive analysis of the insurance industry in Cameroon: It provides historical values for the Cameroonian insurance industry for the report’s 2009–2013 review period and projected figures for the 2013–2018 forecast period. It offers a detailed analysis of the key segments and categories in the Cameroonian insurance industry, along with forecasts until 2018. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions. 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 industry data related to the Cameroonian insurance industry and each segment within it. Understand the demand-side dynamics, key trends and growth opportunities within the Cameroonian insurance industry. Assess the competitive dynamics in the Cameroonian insurance industry. Identify the growth opportunities and market dynamics within key segments. Gain insights into key regulations governing the Cameroonian insurance industry and its impact on companies and the industry's future. Key highlights The insurance industry comprises of 22 insurers in total as of 2011. Cameroon allows 100% foreign direct investment (FDI) in the insurance industry, and the entry of foreign companies increased competitiveness. Cameroon’s rising population spurred the demand life insurance products during the review period, a trend which is expected to continue over the forecast period. Low life insurance penetration rate offers new insurers an opportunity to scale-up their businesses. Government infrastructure expenditure is expected to support the non-life insurance segment over the forecast period. A high combined ratio is one of the key concerns for life insurance companies in Cameroon. Decrease in the inflation rate to spur insurance sales. table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Regional Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 4 Life Insurance Segment – Regional Benchmarking 4.1 Scale And Penetration 4.1.1 Total Gross Written Premium 4.1.2 Premium Per Capita 4.1.3 Life Insurance Penetration 4.2 Growth 4.2.1 Gross Written Premium 4.2.2 Gross Written Premium Per Capita 4.3 Efficiency And Risk 4.3.1 Loss Ratio 4.3.2 Combined Ratio 4.3.3 Incurred Losses Per Capita 4.3.4 Incurred Losses As A Percentage Of Gdp 5 Non-life Insurance Segment – Regional Benchmarking The Insurance Industry in Cameroon, Key Trends and Opportunities to 2018
  • 2. 5.1 Scale And Penetration 5.1.1 Total Market Gross Written Premium 5.1.2 Premium Per Capita 5.1.3 Non-life Insurance Penetration Rate 5.2 Growth 5.2.1 Gross Written Premium 5.2.2 Gross Written Premium Per Capita 5.3 Efficiency And Risk 5.3.1 Loss Ratio 5.3.2 Combined Ratio 5.3.3 Incurred Losses Per Capita 5.3.4 Incurred Losses As A Percentage Of Gdp 6 Personal Accident And Health Insurance Segment – Regional Benchmarking 6.1 Scale And Penetration 6.1.1 Total Market Gross Written Premium 6.1.2 Premium Per Capita 6.1.3 Personal Accident And Health Insurance Penetration 6.2 Growth 6.2.1 Gross Written Premium 6.2.2 Gross Written Premium Per Capita 6.3 Efficiency And Risk 6.3.1 Loss Ratio 6.3.2 Combined Ratio 6.3.3 Incurred Losses Per Capita 6.3.4 Incurred Losses As A Percentage Of Gdp 7 Cameroonian Insurance Industry Overview 7.1 Cameroonian Insurance Industry 7.2 Key Industry Trends And Drivers 7.3 Challenges 7.4 Regulation 8 Industry Segmentation 8.1 Life Insurance 8.1.1 Individual Endowment Insurance 8.1.2 Individual Marriage And Birth Insurance 8.2 Non-life Insurance 8.2.1 Property Insurance 8.2.2 Motor Insurance 8.2.3 Liability Insurance 8.2.4 Marine, Aviation And Transit Insurance 8.3 Personal Accident And Health Insurance 8.4 Reinsurance 9 Governance, Risk And Compliance 9.1 Legislation Overview And Historical Evolution 9.2 Legislation And Market Practice By Type Of Insurance 9.2.1 Life Insurance 9.2.2 Property Insurance 9.2.3 Motor Insurance 9.2.4 Liability Insurance 9.2.5 Marine, Aviation And Transit Insurance 9.2.6 Personal Accident And Health Insurance 9.3 Compulsory Insurance 9.3.1 Motor Third-party Liability Insurance 9.3.2 Professional Indemnity Insurance For Insurance Intermediaries 9.3.3 Workers’ Compensation 9.4 Supervision And Control 9.4.1 International Association Of Insurance Supervisors 9.4.2 Commission Regional Des Assurances (crca) 9.4.3 Ministry Of Finance (mof) 9.5 Non-admitted Insurance Regulations 9.5.1 Overview The Insurance Industry in Cameroon, Key Trends and Opportunities to 2018
  • 3. 9.5.2 Intermediaries 9.5.3 Market Practices 9.5.4 Fines And Penalties 9.6 Company Registration And Operations 9.6.1 Types Of Insurance Organization 9.6.2 Establishing A Local Company 9.6.3 Foreign Ownership 9.6.4 Types Of License 9.6.5 Capital Requirements 9.6.6 Solvency Margins 9.6.7 Reserve Requirements 9.6.8 Investment Regulations 9.6.9 Statutory Return Requirements 9.6.10 Fee Structure 9.7 Taxation 9.7.1 Insurance Premium Or Policy Taxation 9.7.2 Withholding Taxes On Premium Paid Overseas 9.7.3 Corporate Tax 9.7.4 Vat 9.7.5 Captives 9.8 Legal System 9.8.1 Introduction 9.8.2 Access To Court 9.8.3 Alternative Dispute Resolution (adr) 10 Competitive Landscape 10.1 Overview 10.2 Leading Companies 10.2.1 Chanas Assurances Sa – Company Overview 10.2.2 Societe Africaine D’assurances Et De Reassurance (saar) – Company Overview 10.2.3 Colina Sa – Company Overview 10.2.4 Nouvelle Societe Interafricaine D’assurances (nsia) – Company Overview 11 Macroeconomic Indicators 11.1 Gdp At Constant Prices (us$) 11.2 Gdp At Current Prices (us$) 11.3 Gdp Per Capita At Current Prices (us$) 11.4 Inflation (percentage) 11.5 Life Expectancy 11.6 Labor Force 11.7 Total Number Of Households 11.8 Total Number Of Internet Users 11.9 Total Population 11.1 Urban And Rural Population 12 Appendix 12.1 Methodology 12.2 Contact Timetric 12.3 About Timetric 12.4 Timetric’s Services 12.5 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 The Insurance Industry in Cameroon, Key Trends and Opportunities to 2018
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