Insurance companies in Cameroon have always existed for a long time. However, few people in Cameroon or Cameroonians actually purchase insurance policies. A particular domain that seems to lag behind is life and health insurance.
However, other sectors of the insurance industry in Cameroon, such as the Car insurance sector, have witnessed a significant increment in insurance policies due to increased procurement of cars amongst people and foreigners living in Cameroon.
Types of Insurance Policies in Cameroon
Below are the categories or types of insurance policies that exist in the Cameroonian insurance industry:
- Liability insurance. There are various categories of liability insurance you need to consider, depending on the nature of your business viz: Public liability insurance, Product Liability, Professional Liability, Director’s and officer’s liability, and Employer’s liability insurance.
- Property insurance.
- Health insurance.
- Life Insurance.
- Car and Travel insurance
- Business interruption insurance.
- Cyber risk insurance.
List of Best Insurance Companies in Cameroon 2024
Cameroon's insurance companies are predominantly located in major towns such as Douala, Yaounde, Buea, Bamenda, Limbe, Bamenda, Bafoussam, Ebolowa, etc.
The table below summarizes all the best insurance companies in Cameroon and their current rankings: