The turnover of non-life insurance companies in Cameroon is 140.9 billion FCFA in 2020. According to recent data published by the Association of Insurance Companies of Cameroon (Asac), this figure represents a decrease by 0.71%.

The market leader (14.60%) Axa, the Cameroonian subsidiary of the French Axa, posted a turnover of 20.57 billion FCFA in 2020 against 20.77 billion FCFA in 2019, a decrease of 0.96 %. In second position, the pan-African group Activa Assurance, which controls 11.89% of the market share of the non-life branch during the period under review, posted a turnover of 16.75 billion FCFA against 17.39 billion at the same period the previous year. The third Chanas, a Cameroonian insurance company majority controlled by the National Hydrocarbons Company (SNH), which controls 10.02% of the sector, posted a turnover of 14.12 billion FCFA in 2020 against 12.18 billion during the previous exercise.

The top three is followed by Saar Assurances whose turnover is 14.04 billion FCFA and in ^5th position, the insurer Allianz Cameroon with 12.8 billion in turnover in 2020. To form the top 10, we have respectively: NSIA Cameroon (8.07% of market share); Mutual Guarantee for Executives – GMC (6% market share); Saham Cameroon (5.27% market share), Atlantique Assurance (4.46%) and Zenithe Insurance (3.96% market share).