The Cameroonian insurance market generated total premiums of approximately FCFA300bn ($528m) in 2025, according to official but provisional data. This represents an increase of 3.9% over total premiums of FCFA288.7bn in 2024.
The Mauritian Financial Services Commission has approved the acquisition of Rokstone Underwriting Mauritius, a managing general agent, by TRM Holdings.
Cameroonian Eric Rochereau Kouaghu Tchuisseu has been appointed the Secretary General of the Inter-African Conference of Insurance Markets (CIMA), the regulatory body for the insuance sector of 14 Central and West African countries.
AfrexInsure, the wholly-owned specialty insurance subsidiary of African Export-Import Bank (Afreximbank), has announced the appointment of Mr Lesley Ndlovu as its new CEO, replacing Mr Jonas Mushosho.
AXA has announced the establishment of a new regional entity named AXA Afrique Atlantique, where the company looks to group the markets of Cameroon, Gabon, Ivory Coast, Morocco and Senegal under a single organisational structure.
The International Finance Corporation (IFC) has proposed granting a guarantee facility of up to $50m to ZEP-Re to cover the reinsurance credit risk of the Nairobi-headquartered reinsurer.
Cameroon's insurance market reached a new milestone in the 2024 financial year, achieving a total revenue (premiums written) of FCFA288.7bn ($519m), according to data released by the Ministry of Finance. This performance represents a 5.1% growth compared to 2023, when premium revenue was around FGFA274.6bn.
Ascoma, the international brokerage network of the Chedid Capital Group, and ESA-Ecole Supérieure d'Assurances Paris (Paris School of Insurance) have formalised a strategic partnership dedicated to training insurance executives in Africa.
Mr Mamadou Koné has been elected President of the Federation of African National Insurance Companies (FANAF) for a three-year term. Mr Aymeric Kamega, CEO of ACAM Vie in Cameroon, was elected Vice President.
Pan-African financial services group, Vista Group Holding, has completed the acquisition of 99.99% of Saham Assurances Niger for an undisclosed amount.