The Insurance Industry in Cameroon Key Trends and Opportunities to 2020

Published: Aug, 2016 | Pages: 134 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric's 'The Insurance Industry in Cameroon Key Trends and Opportunities to 2020' report provides a detailed analysis of Cameroonian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020).

The report also gives a comprehensive overview of Cameroonian economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural and man-made hazards on the insurance industry.

The report brings together Timetric's 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.
Summary

Timetric's 'The Insurance Industry in Cameroon, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into Cameroon insurance industry, including:

• An overview of Cameroonian insurance industry

• Cameroonian insurance industry's growth prospects by segment and category

• A comprehensive overview of Cameroonian economy and demographics

• The detailed competitive landscape in Cameroonian insurance industry

• Detailed regulatory policies of Cameroonian insurance industry

• Overview of distribution channels in the Cameroonian insurance industry

• Analysis of natural and man-made hazards affecting the industry
Scope

This report provides a comprehensive analysis of the insurance industry in Cameroon:

• It provides historical values for Cameroonian insurance industry for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

• It offers a detailed analysis of the key segments in Cameroonian insurance industry, with market forecasts to 2020.

• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

• It profiles the top insurance companies in Cameroon, and outlines the key regulations affecting them.

• It covers the economy and demographics structure of Cameroon.

• It analyzes the distribution channels in the Cameroonian insurance industry.

• It analyzes the impact of natural and man-made hazards in Cameroonian insurance industry.
Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to Cameroonian insurance industry and each segment and category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in Cameroonian insurance industry.

• Assess the competitive dynamics in Cameroonian insurance industry.

• Identify the growth opportunities and market dynamics in key segments.

• Gain insights into key regulations governing Cameroonian insurance industry and their impact on companies and the industry's future.
Key Highlights

• The Cameroonian insurance industry is small, underdeveloped and largely dominated by non-life insurance companies. There were 21 insurers authorized to conduct business as of 2014, of which six were life insurers and 15 were non-life insurers.

• Life was the second-largest segment in the industry in gross written premium terms. Factors such as the low unemployment rate and implementation of VAT accounted for its growth.

• A large low-income population and insufficient knowledge remain barriers for healthcare products. Community-based health insurance (CBHI) is promoted by the government and has been growing since 2005.

• Bad weather created a demand for index-based insurance products in the agricultural sector. For instance; area yield index insurance and crop weather index insurance are used by small-scale farmers.

• Cameroon is facing political instability because of Boko Haram which is impacting the country's economy. Tourism, FDI and trade have all been affected.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Regional Comparison
4.2 Industry Indicators
4.2.1 Gross written premium
4.2.2 Claims
4.2.3 Investments
5 Life Insurance Outlook
5.1 Penetration
5.2 Group Life Insurance
5.2.1 Penetration
6 Non-Life Insurance Outlook
6.1 Property Insurance
6.1.1 Gross Written Premium
6.1.2 Penetration
6.1.3 Claims
6.1.4 Profitability
6.2 Motor Insurance
6.2.1 Gross Written Premium
6.2.2 Penetration
6.2.3 Claims
6.2.4 Profitability
6.3 Liability Insurance
6.3.1 Gross Written Premium
6.3.2 Penetration
6.3.3 Claims
6.3.4 Profitability
6.4 Marine, Aviation and Transit Insurance
6.4.1 Gross Written Premium
6.4.2 Penetration
6.4.3 Claims
6.4.4 Profitability
7 Reinsurance Outlook
7.1 Premium Ceded
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Landslides
9.4 Terrorism
9.5 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Allianz Cameroun Assurances - company overview
10.1.2 Activa Assurances - company overview
10.1.3 Chanas Assurances SA - company overview
10.1.4 Societe Africaine d'Assurances et de Reassurances - company overview
10.1.5 Axa Assurances - company overview
11 Governance, Risk and Compliance
1.1 Legislation Overview and Historical Evolution
1.2 Latest Changes in Regulation
1.3 Legislation and Market Practice by Type of Insurance
1.3.1 Life Insurance
1.3.2 Property Insurance
1.3.3 Motor Insurance
1.3.4 Liability insurance
1.3.5 Marine, aviation and transit insurance
1.3.6 Personal accident and health insurance
1.4 Compulsory Insurance
1.4.1 Motor third party liability insurance
1.4.2 Professional indemnity insurance for insurance intermediaries
1.4.3 Workers' compensation
1.5 Supervision and Control
1.5.1 International Association of Insurance Supervisors
1.5.2 Commission Regional des Assurances (CRCA)
1.5.3 Ministry of Finance (MoF)
1.6 Non-Admitted Insurance Regulations
1.6.1 Overview
1.6.2 Intermediaries
1.6.3 Market practices
1.6.4 Fines and Penalties
1.7 Company Registration and Operations
1.7.1 Type of insurance organization
1.7.2 Establishing a local company
1.7.3 Foreign ownership
1.7.4 Types of license
1.7.5 Capital requirements
1.7.6 Solvency margin
1.7.7 Reserve requirements
1.7.8 Investment regulations
1.7.9 Statutory return requirements
1.7.10 Fee structure
1.8 Taxation
1.8.1 Insurance premium or policy taxation
1.8.2 Withholding taxes on premium paid overseas.
1.8.3 Corporate tax
1.8.4 VAT
1.8.5 Captives
1.9 Legal System
1.9.1 Introduction
1.9.2 Access to court
1.9.3 Alternative dispute resolution (ADR)
12 Databook
12.1 Life Insurance
12.1.1 Policies and Premium
12.1.2 Claims and Expenses
12.1.3 Assets and Investments
12.1.4 Individual Life Insurance
12.1.5 Individual Life Insurance by Product
12.1.6 Group Life Insurance
12.1.7 Group Life Insurance by Product
12.1.8 Linked vs. Non-Linked Policies
12.2 Non-Life Insurance
12.2.1 Policies and Premium
12.2.2 Claims and Expenses
12.2.3 Assets and Investments
12.2.4 Property Insurance
12.2.5 Property Insurance by Product
12.2.6 Motor Insurance
12.2.7 Motor Insurance by Product
12.2.8 Liability Insurance
12.2.9 Marine, Aviation and Transit Insurance
12.3 Personal Accident and Health Insurance
12.3.1 Policies and Premium
12.3.2 Claims and Expenses
12.3.3 Assets and Investments
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About Timetric
14.1 Contact Timetric
14.2 About Timetric
14.3 Timetric's Services
14.4 Disclaimer

List of Tables
Table 1: Cameroonian Insurance Industry - Key Facts, 2015
Table 2 : Cameroonian Insurance Industry - Segment Shares of the Top Insurers, 2014
Table 3: Cameroonian Government Credit Ratings
Table 4: Cameroonian Insurance Industry - Gross Written Premium by Segment (XAF Billion), 2011-2015
Table 5: Cameroonian Insurance Industry - Gross Written Premium by Segment (XAF Billion), 2015-2020
Table 6: Cameroonian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XAF), 2011-2015
Table 7: Cameroonian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XAF), 2015-2020
Table 8: Cameroonian Insurance Industry - Paid Claims by Segment (XAF Billion), 2011-2015
Table 9: Cameroonian Insurance Industry - Paid Claims by Segment (XAF Billion), 2015-2020
Table 10: Cameroonian Insurance Industry - Total Investment Income by Segment (XAF Billion), 2011-2015
Table 11: Cameroonian Insurance Industry - Total Investment Income by Segment (XAF Billion), 2015-2020
Table 12: Cameroonian Insurance Industry - Life Insurance Investment Portfolio (XAF Billion), 2011-2015
Table 13: Cameroonian Insurance Industry - Life Insurance Investment Portfolio (XAF Billion), 2015-2020
Table 14: Cameroonian Insurance Industry - Non-Life Insurance Investment Portfolio (XAF Billion), 2011-2015
Table 15: Cameroonian Insurance Industry - Non-Life Insurance Investment Portfolio (XAF Billion), 2015-2020
Table 16: Cameroonian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XAF Billion), 2011-2015
Table 17: Cameroonian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XAF Billion), 2015-2020
Table 18: Cameroonian Property Insurance - Gross Written Premium (XAF Billion and US$ Million), 2011-2015
Table 19: Cameroonian Property Insurance - Gross Written Premium (XAF Billion and US$ Million), 2015-2020
Table 20: Cameroonian Property Insurance - Paid Claims (XAF Billion and US$ Million),2011-2015
Table 21: Cameroonian Property Insurance - Paid Claims (XAF Billion and US$ Million), 2015-2020
Table 22: Cameroonian Property Insurance - Loss Ratio (%),2011-2015
Table 23: Cameroonian Property Insurance - Loss Ratio(%), 2015-2020
Table 24: Cameroonian Motor Insurance - Gross Written Premium (XAF Billion and US$ Million), 2011-2015
Table 25: Cameroonian Motor Insurance - Gross Written Premium (XAF Billion and US$ Million), 2015-2020
Table26: Cameroonian Motor Insurance - Paid Claims (XAF Billion and US$ Million), 2011-2015
Table 27: Cameroonian Motor Insurance - Paid Claims (XAF Billion and US$ Million), 2015-2020
Table 28: Cameroonian Motor Insurance - Loss Ratio (%),2011-2015
Table 29: Cameroonian Motor Insurance - Loss Ratio(%), 2015-2020
Table 30: Cameroonian Liability Insurance - Gross Written Premium (XAF Billion and US$ Million), 2011-2015
Table 31: Cameroonian Liability Insurance - Gross Written Premium (XAF Billion and US$ Million), 2015-2020
Table 32: Cameroonian Liability Insurance - Paid Claims (XAF Billion and US$ Million),2011-2015
Table 33: Cameroonian Liability Insurance - Paid Claims (XAF Billion and US$ Million), 2015-2020
Table 34: Cameroonian Liability Insurance - Loss Ratio (%),2011-2015
Table 35: Cameroonian Liability Insurance - Loss Ratio(%), 2015-2020
Table 36: Cameroonian Marine, Aviation and Transit Insurance - Gross Written Premium (XAF Billion and US$ Million), 2011-2015
Table 37: Cameroonian Marine, Aviation and Transit Insurance - Gross Written Premium (XAF Billion and US$ Million), 2015-2020
Table 38: Cameroonian Marine, Aviation and Transit Insurance - Paid Claims (XAF Billion and US$ Million),2011-2015
Table 39: Cameroonian Marine, Aviation and Transit Insurance - Paid Claims (XAF Billion and US$ Million), 2015-2020
Table 40: Cameroonian Marine, Aviation and Transit Insurance - Loss Ratio (%),2011-2015
Table 41: Cameroonian Marine, Aviation and Transit Insurance - Loss Ratio(%), 2015-2020
Table 42: Cameroonian Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2011-2015
Table 43: Cameroonian Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2015-2020
Table 44: Cameroon Average Annual Loss by Hazard (US$ Million), 1990-2014
Table 45: Cameroonian Insurance Industry - Market Shares of Leading Insurers (%), 2014
Table 46: Cameroonian Insurance Industry - Market Shares of Leading Life Insurers (%), 2014
Table 47: Cameroonian Insurance Industry - Market Shares of Leading Non-Life Insurers (%), 2014
Table 48: Allianz Cameroun Assurances Insurance Company - Key Facts
Table 49: Activa Assurances Insurance Company - Key Facts
Table 50: Chanas Assurances SA Insurance Company - Key Facts
Table 51: Societe Africaine d'Assurances et de Reassurances Insurance Company - Key Facts
Table 52: Axa Assurances Insurance Company - Key Facts
Table 53: Cameroon- Insurance Regulatory Framework Key Features
Table 54:Cameroon- Intermediary  Remuneration Rates
Table 55:Cameroon- Intermediary  Remuneration Rates
Table 56: Cameroon- Insurance Regulatory Framework Property
Table 57: Cameroon- Motor Insurance Regulatory Framework
Table 58: Cameroon- Liability Insurance Regulatory Framework
Table 59: Cameroon - Corporate Tax Rates for the Financial Year 2016
Table 60: Cameroonian Life Insurance - Premium, 2011-2015
Table 61: Cameroonian Life Insurance - Premium, 2015-2020
Table 62: Cameroonian Life Insurance - Claims and Expenses, 2011-2015
Table 63: Cameroonian Life Insurance - Claims and Expenses, 2015-2020
Table 64: Cameroonian Life Insurance - Assets and Investments, 2011-2015
Table 65: Cameroonian Life Insurance - Assets and Investments, 2015-2020
Table 66: Cameroonian Life Insurance - Individual Life Insurance, 2011-2015
Table 67: Cameroonian Life Insurance - Individual Life Insurance, 2015-2020
Table 68: Cameroonian Life Insurance - Individual Life Insurance by Product, 2011-2015
Table 69: Cameroonian Life Insurance - Individual Life Insurance by Product, 2015-2020
Table 70: Cameroonian Life Insurance - Group Life Insurance, 2011-2015
Table 71: Cameroonian Life Insurance - Group Life Insurance, 2015-2020
Table 72: Cameroonian Life Insurance - Group Life Insurance by Product, 2011-2015
Table 73: Cameroonian Life Insurance - Group Life Insurance by Product, 2015-2020
Table 74: Cameroonian Life Insurance - Linked vs. Non-Linked Policies, 2011-2015
Table 75: Cameroonian Life Insurance - Linked vs. Non-Linked Policies, 2015-2020
Table 76: Cameroonian Non-Life Insurance - Policies and Premium, 2011-2015
Table 77: Cameroonian Non-Life Insurance - Policies and Premium, 2015-2020
Table 78: Cameroonian Non-Life Insurance - Claims and Expenses, 2011-2015
Table 79: Cameroonian Non-Life Insurance - Claims and Expenses, 2015-2020
Table 80: Cameroonian Non-Life Insurance - Assets and Investments, 2011-2015
Table 81: Cameroonian Non-Life Insurance - Assets and Investments, 2015-2020
Table 82: Cameroonian Non-Life Insurance - Property Insurance, 2011-2015
Table 83: Cameroonian Non-Life Insurance - Property Insurance, 2015-2020
Table 84: Cameroonian Non-Life Insurance - Property Insurance by Product, 2011-2015
Table 85: Cameroonian Non-Life Insurance - Property Insurance by Product, 2015-2020
Table 86: Cameroonian Non-Life Insurance - Motor Insurance, 2011-2015
Table 87: Cameroonian Non-Life Insurance - Motor Insurance, 2015-2020
Table 88: Cameroonian Non-Life Insurance - Motor Insurance by Product, 2011-2015
Table 89: Cameroonian Non-Life Insurance - Motor Insurance by Product, 2015-2020
Table 90: Cameroonian Non-Life Insurance - Liability Insurance, 2011-2015
Table 91: Cameroonian Non-Life Insurance - Liability Insurance, 2015-2020
Table 92: Cameroonian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
Table 93: Cameroonian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
Table 94: Cameroonian Personal Accident and Health Insurance - Policies and Premium, 2011-2015
Table 95: Cameroonian Personal Accident and Health Insurance - Policies and Premium, 2015-2020
Table 96: Cameroonian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 97: Cameroonian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 98: Cameroonian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 99: Cameroonian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 100: Insurance Industry Definitions