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Cameroon: slight increase in turnover in the insurance sector

The insurance sector generally remained on an evolving margin at the end of the previous financial year, despite market fluctuations with varying fortunes in the life branch and non-life insurance. According to consolidated statistics published by the Ministry of Finance, the Association of Insurance Companies of Cameroon (ASAC) achieved a total turnover of 211 billion FCFA in 2020 (359 million dollars), an increase of 1.15% compared to the year 2019 which posted 209 billion FCFA (355 million dollars). This figure is made up of 140 billion FCFA (238 million dollars)


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