Facing a historically low penetration rate of provident services in Central Africa, the group relies on the financial solidity of its consolidated balance sheet to absorb fluctuations in claims and align its equity with the solvency criteria of the CIMA (Inter-African Conference of Insurance Markets) zone.

The SanlamAllianz Cameroon Life Insurance subsidiary, under the general management of Laya Sidibé, imposes itself as the main driver of institutional growth. The capitalization and retirement segment captured emissions worth 32.1 billion CFA francs, securing a 31% market share within a national Life segment valued at 102.68 billion CFA francs. The insurer, with a social capital of 3.3 billion, backs its technical commitments on a total balance of 177 billion CFA francs. The regulatory indicators of coverage of commitments and solvency margin stabilize at an identical level of 119%, demonstrating the company's ability to guarantee financial coverage of long-term contracts.

The Non-Life activity, independently managed by Christian Bivina Mbarga within the SanlamAllianz Cameroon Insurance entity, displays a premium volume of 26.2 billion CFA francs. The structure thus captures 13% of a short-risk segment (automotive fleets, transportation, industrial multi-risks) estimated at 194 billion CFA francs and characterized by intense competition between 18 approved companies. The comparison of the two businesses highlights different management timeframes, the short cycles of Non-Life structurally opposing the long-term commitments of the Life branch. The treasury surpluses generated authorize the board of directors to validate the distribution of 660 million CFA francs in dividends, marking a 65% increase compared to the 400 million allocated to shareholders during the previous period.


Ndjomo Carlos

Tags: assurance vie sanlamallianz cameroun marche assurance zone cima solvabilite capitalisation retraite finance assurance cameroun