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Published: Sep, 2017 | Pages:
125 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)
Synopsis
Timetric's 'The Insurance Industry in Cameroon, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the 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 period (2012-2016) and forecast period (2016-2021). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Cameroonian economy and demographics, and provides detailed information on the competitive landscape in the country. 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 2021' report provides in-depth market analysis, information and insights into the Cameroonian insurance industry, including: • The Cameroonian insurance industry's growth prospects by segment and category • A comprehensive overview of Cameroonian economy and demographics • The detailed competitive landscape in the Cameroonian insurance industry • The various distribution channels in the Cameroonian insurance industry • Detailed regulatory policies of the Cameroonian insurance industry • Analysis of natural hazards in Cameroonian insurance industry
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 2012-2016 review period, and projected figures for the 2016-2021 forecast period. • It offers a detailed analysis of the key segments in the Cameroonian insurance industry, along with market forecasts until 2021. • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions. • It analyzes the various distribution channels in Cameroon. • 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 market data related to the Cameroonian insurance industry and each segment and category within it. • Understand the demand-side dynamics, key market trends and growth opportunities in the Cameroonian insurance industry. • Assess the competitive dynamics in the Cameroonian insurance industry. • Identify the growth opportunities and market dynamics in key segments. • Gain insights into key regulations governing the Cameroonian insurance industry and their impact on companies and the industry's future.
Key Highlights
• By the end of 2017, the National Inter-sector Technical Committee is expected to finalize and present a framework for the development of a universal healthcare system in Cameroon. • In July 2017, Cameroonian insurance authorities released a tender inviting consultant to develop motor third-party liability premium pricing. • From January 1, 2017, the Cameroonian government announced changes in the road tax collection method. Motorists are now required to pay a road tax to the insurance company at the same time they pay for motor insurance. • In 2016, the World Bank, in collaboration with the African Development Bank (AfDB), the International Finance Corporation (IFC) and insurance industry stakeholders, announced plans to develop index-based agricultural insurance.
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 Assets and investments 5 Life Insurance Outlook 5.1 Individual Life Insurance 5.1.1 Direct written premium 5.1.2 Penetration 5.2 Group Life Insurance 5.2.1 Direct written premium 5.2.2 Penetration 6 Non-Life Insurance Outlook 6.1 Property Insurance 6.1.1 Direct Written Premium 6.1.2 Penetration 6.1.3 Profitability 6.2 Motor Insurance 6.2.1 Direct written premium 6.2.2 Penetration 6.2.3 Profitability 6.3 Liability Insurance 6.3.1 Direct written premium 6.3.2 Penetration 6.3.3 Profitability 6.4 Marine, Aviation and Transit Insurance 6.4.1 Direct written premium 6.4.2 Penetration 6.4.3 Profitability 7 Reinsurance Outlook 7.1 Reinsurance Accepted 7.2 Premium Ceded 8 Distribution Channel Outlook 9 Natural and Man-Made Hazards 9.1 Flooding 9.2 Droughts 9.3 Earthquakes 9.4 Landslides 9.5 Man-Made Disasters 9.6 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 11.1 Legislation Overview and Historical Evolution 11.2 Latest Changes in Regulation 11.3 Legislation and Market Practice by Type of Insurance 11.3.1 Life insurance 11.3.2 Property insurance 11.3.3 Motor insurance 11.3.4 Liability insurance 11.3.5 Marine, aviation and transit insurance 11.3.6 Personal accident and health insurance 11.4 Compulsory Insurance 11.4.1 Motor third party liability insurance 11.4.2 Professional indemnity insurance for insurance intermediaries 11.4.3 Worker's compensation 11.5 Supervision and Control 11.5.1 International Association of Insurance Supervisors 11.5.2 Commissions Regional des Assurances 11.5.3 Ministry of Finance 11.6 Non-Admitted Insurance Regulations 11.6.1 Overview 11.6.2 Intermediaries 11.6.3 Market practices 11.6.4 Fines and Penalties 11.7 Company Registration and Operations 11.7.1 Type of insurance organization 11.7.2 Establishing a local company 11.7.3 Foreign ownership 11.7.4 Types of license 11.7.5 Capital requirements 11.7.6 Solvency margin 11.7.7 Reserve requirements 11.7.8 Investment regulations 11.7.9 Statutory return requirements 11.7.10 Fee structure 11.8 Taxation 11.8.1 Insurance premium or policy taxation 11.8.2 Withholding taxes on premium paid overseas 11.8.3 Corporate tax 11.8.4 VAT 11.8.5 Captives 11.9 Legal System 11.9.1 Introduction 11.9.2 Access to court 11.9.3 Alternative dispute resolution 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 category 12.1.6 Group life insurance 12.1.7 Group life insurance by category 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 category 12.2.6 Motor insurance 12.2.7 Motor insurance by category 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, 2016 Table 2: Cameroonian Insurance Industry - Top Insurers, 2015 Table 3: Cameroonian Government Credit Ratings Table 4: Cameroonian Insurance Industry - Gross Written Premium by Segment (XAF Billion), 2012-2016 Table 5: Cameroonian Insurance Industry - Gross Written Premium by Segment (XAF Billion), 2016-2021 Table 6: Cameroonian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XAF), 2012-2016 Table 7: Cameroonian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XAF), 2016-2021 Table 8: Cameroonian Insurance Industry - Paid Claims by Segment(XAF Billion), 2012-2016 Table 9: Cameroonian Insurance Industry - Paid Claims by Segment(XAF Billion), 2016-2021 Table 10: Cameroonian Insurance Industry - Total Investment Income by Segment (XAF Billion), 2012-2016 Table 11: Cameroonian Insurance Industry - Total Investment Income by Segment (XAF Billion), 2016-2021 Table 12: Cameroonian Insurance Industry - Life Insurance Investment Portfolio (XAF Billion), 2012-2016 Table 13: Cameroonian Insurance Industry - Life Insurance Investment Portfolio (XAF Billion), 2016-2021 Table 14: Cameroonian Insurance Industry - Non-Life Insurance Investment Portfolio (XAF Billion), 2012-2016 Table 15: Cameroonian Insurance Industry - Non-Life Insurance Investment Portfolio (XAF Billion), 2016-2021 Table 16: Cameroonian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XAF Billion), 2012-2016 Table 17: Cameroonian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XAF Billion), 2016-2021 Table 18: Cameroonian Individual Life Insurance - Direct Written Premium (XAF Billion and US$ million), 2012-2016 Table 19: Cameroonian Insurance Industry - Direct Written Premium (XAF Billion and US$ million), 2016-2021 Table 20: Cameroonian Group Life Insurance - Direct Written Premium (XAF Billion and US$ million), 2012-2016 Table 21: Cameroonian Insurance Industry - Direct Written Premium (XAF Billion and US$ million), 2016-2021 Table 22: Cameroonian Property Insurance - Direct Written Premium (XAF Billion and US$ Million), 2012-2016 Table 23: Cameroonian Property Insurance - Direct Written Premium (XAF Billion and US$ Million), 2016-2021 Table 24: Cameroonian Property Insurance - Loss Ratio (%), 2012-2016 Table 25: Cameroonian Property Insurance - Loss Ratio (%), 2016-2021 Table 26: Cameroonian Motor Insurance - Direct Written Premium (XAF Billion and US$ Million), 2012-2016 Table 27: Cameroonian Motor Insurance - Direct Written Premium (XAF Billion and US$ Million), 2016-2021 Table 28: Cameroonian Motor Insurance - Loss Ratio (%), 2012-2016 Table 29: Cameroonian Motor Insurance - Loss Ratio (%), 2016-2021 Table 30: Cameroonian Liability Insurance - Direct Written Premium (XAF Billion and US$ Million), 2012-2016 Table 31: Cameroonian Liability Insurance - Direct Written Premium (XAF Billion and US$ Million), 2016-2021 Table 32: Cameroonian Liability Insurance - Loss Ratio (%), 2012-2016 Table 33: Cameroonian Liability Insurance - Loss Ratio (%), 2016-2021 Table 34: Cameroonian Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Billion and US$ Million), 2012-2016 Table 35: Cameroonian Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Billion and US$ Million), 2016-2021 Table 36: Cameroonian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2016 Table 37: Cameroonian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2016-2021 Table 38: Cameroonian Reinsurance - Premium Accepted by Category (XAF Billion), 2012-2016 Table 39: Cameroonian Reinsurance - Premium Accepted by Category (XAF Billion), 2016-2021 Table 40: Cameroonian Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2012-2016 Table 41: Cameroonian Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2016-2021 Table 42: Cameroonian Insurance - Segment Shares of the Leading Life Insurers (%), 2015 Table 43: Cameroonian Insurance - Segment Shares of the Leading Non-Life Insurers (%), 2015 Table 44: Allianz Cameroun - Key Facts Table 45: Activa Assurances Insurance Company - Key Facts Table 46: Chanas Assurances SA Insurance Company - Key Facts Table 47: Societe Africaine d'Assurances et de Reassurances Insurance Company - Key Facts Table 48: Axa Assurances Insurance Company - Key Facts Table 49: Cameroon - Insurance Regulatory Framework Key Features Table 50: Cameroon - Life Insurance Regulatory Framework Table 51: Cameroon - Life Insurance Regulatory Framework Table 52: Cameroon - Property Insurance Regulatory Framework Table 53: Cameroon - Motor Insurance Regulatory Framework Table 54: Cameroon - Liability Insurance Regulatory Framework Table 55: Cameroon - Corporate Tax Rates for the Financial Year 2017 Table 56: Cameroonian Life Insurance - Policies and Premium, 2012-2016 Table 57: Cameroonian Life Insurance - Policies and Premium, 2016-2021 Table 58: Cameroonian Life Insurance - Claims and Expenses, 2012-2016 Table 59: Cameroonian Life Insurance - Claims and Expenses, 2016-2021 Table 60: Cameroonian Life Insurance - Assets and Investments, 2012-2016 Table 61: Cameroonian Life Insurance - Assets and Investments, 2016-2021 Table 62: Cameroonian Life Insurance - Individual Life Insurance, 2012-2016 Table 63: Cameroonian Life Insurance - Individual Life Insurance, 2016-2021 Table 64: Cameroonian Life Insurance - Individual Life Insurance by Category, 2012-2016 Table 65: Cameroonian Life Insurance - Individual Life Insurance by Category, 2016-2021 Table 66: Cameroonian Life Insurance - Group Life Insurance, 2012-2016 Table 67: Cameroonian Life Insurance - Group Life Insurance, 2016-2021 Table 68: Cameroonian Life Insurance - Group Life Insurance by Category, 2012-2016 Table 69: Cameroonian Life Insurance - Group Life Insurance by Category, 2016-2021 Table 70: Cameroonian Non-Life Insurance - Policies and Premium, 2012-2016 Table 71: Cameroonian Non-Life Insurance - Policies and Premium, 2016-2021 Table 72: Cameroonian Non-Life Insurance - Claims and Expenses, 2012-2016 Table 73: Cameroonian Non-Life Insurance - Claims and Expenses, 2016-2021 Table 74: Cameroonian Non-Life Insurance - Assets and Investments, 2012-2016 Table 75: Cameroonian Non-Life Insurance - Assets and Investments, 2016-2021 Table 76: Cameroonian Non-Life Insurance - Property Insurance, 2012-2016 Table 77: Cameroonian Non-Life Insurance - Property Insurance, 2016-2021 Table 78: Cameroonian Non-Life Insurance - Property Insurance by Category, 2012-2016 Table 79: Cameroonian Non-Life Insurance - Property Insurance by Category, 2016-2021 Table 80: Cameroonian Non-Life Insurance - Motor Insurance, 2012-2016 Table 81: Cameroonian Non-Life Insurance - Motor Insurance, 2016-2021 Table 82: Cameroonian Non-Life Insurance - Motor Insurance by Category, 2012-2016 Table 83: Cameroonian Non-Life Insurance - Motor Insurance by Category, 2016-2021 Table 84: Cameroonian Non-Life Insurance - Liability Insurance, 2012-2016 Table 85: Cameroonian Non-Life Insurance - Liability Insurance, 2016-2021 Table 86: Cameroonian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2012-2016 Table 87: Cameroonian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2016-2021 Table 88: Cameroonian Personal Accident and Health Insurance - Policies and Premium, 2012-2016 Table 89: Cameroonian Personal Accident and Health Insurance - Policies and Premium, 2016-2021 Table 90: Cameroonian Personal Accident and Health Insurance - Claims and Expenses, 2012-2016 Table 91: Cameroonian Personal Accident and Health Insurance - Claims and Expenses, 2016-2021 Table 92: Cameroonian Personal Accident and Health Insurance - Assets and Investments, 2012-2016 Table 93: Cameroonian Personal Accident and Health Insurance - Assets and Investments, 2016-2021 Table 94: Insurance Industry Definitions
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