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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
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