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Cameron: The need to clean up the insurance sector

21/04/2021
Source : ORISHAS FINANCE
Categories: Sectors

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Installed last Friday in Yaoundé by the Director General of the Treasury, Financial and Monetary Cooperation at the Ministry of Finance (Minfi) Sylvester Moh Tangongho, the new director of insurance, Antoni Marie Jubilaire Aboui Mendoua, has great challenges ahead of him. Among others, the promotion of the insurance sector, market consolidation, adjustment of the legal and institutional framework, monitoring of companies in difficulty or under recovery, processing and dissemination of insurance information and regulations

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In addition to cooperation with national and subregional insurance and reinsurance organizations, Antoni Marie Jubilaire Aboui Mendoua will have to work to strengthen the capacities of the human capital under his command. The same applies to the monitoring of reforms and the payment of direct insurance compensation, in particular the car guarantee fund and others.
Sylvester Moh Tangongho believes that insurance reforms are evolving in Minfi, especially as it is an important sector, not only for financing the economy, but also for the public. He recognizes that the public still has a bad image of insurance

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