The insurance market in Cameroon reached a turnover of 211.43 billion CFA francs. The data was published in the 2020 report of the Insurance Department of the General Directorate of Treasury and Financial and Monetary Cooperation of the Ministry of Finance on the insurance market in Cameroon.

The 142-page document indicates that as of December 31, 2020, the insurance market in Cameroon has 28 approved insurance companies, including 17 in the damages branch and 11 in life and capitalization; 105 general agents; 136 brokers and 121 non-salaried agents. More than 5,000 people work in the operation of this sector, which achieved an overall turnover of 211.43 billion F during the financial year analyzed, up 1.15% compared to the year 2019 which posted 209.01 billion. This turnover is made up of 140.77 billion F from the Fire, insurance, miscellaneous risks (P&C) branch and 70.67 billion F from the life and capitalization branch, representing respectively 66.58% and 33, 42% market share.