Find Insurance and Reinsurance expertise in Cameroon
The insurance sector as a whole is small relative to the country’s economy. Nonlife companies dominate the industry. Major nonlife companies include AXA and CHANNAS and for the life sector the leading companies are Beneficial life and SNAC. A regional body, the Interprofessional Committee of the Insurance Market (Conférence Internationale des Marchés d’Assurances-CIMA) acts as regulator and supervisor. CIMA has played a powerful and executive role in Cameroon’s insurance sector since its inception in 1992. Since 1992 it has revoked the licenses of four insurance companies and liquidated a reinsurance company in the country.