{"id":472141,"date":"2021-06-16T14:49:06","date_gmt":"2021-06-16T14:49:06","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=472141"},"modified":"2021-06-16T14:49:06","modified_gmt":"2021-06-16T14:49:06","slug":"cameroun-asac-recommends-taking-out-compulsory-insurance","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/06\/16\/cameroun-asac-recommends-taking-out-compulsory-insurance\/","title":{"rendered":"Cameroun: ASAC recommends taking out compulsory insurance"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Like the Inter-African Conference on Insurance Markets (CIMA) where the insurance penetration rate remains very low, covering barely 1.1% of inhabitants, insurance is struggling to become established. in Cameroon, with less than 2% of the population covered regardless of enormous potential.<\/p>\n<p>The Association of Insurance Companies of Cameroon (ASAC), based on &#8220;the real possibilities&#8221; of market development, militates for the generalization of insurance through the establishment of compulsory insurance subscription in order to boost the activity and improve national coverage.<\/p>\n<p>In this perspective, it plans to &#8220;amplify the action of the State in favor of the development of insurance by opening up to make the subscription of compulsory insurance effective, through the creation of the RC pool of activities subject to the obligation. insurance \u201d. The current reflection should lead to the implementation of Civil Liability (RC) considered by professionals in the sector as &#8220;a guarantee of the exhaustiveness of the coverage of all liable persons&#8221;.<\/p>\n<p>This extension of insurance in addition to other existing measures could also be based on the inclusion of a promise of insurance in responses to calls for tenders for public works contracts and production of a certificate of certification. insurance for obtaining the service order, raising awareness of the tax administration on the obstacle to the development of insurance represented by the obligation to register insurance contracts, particularly in health insurance, as well as in place of a death insurance obligation for all employees and all students in the name of promoting national solidarity.<\/p>\n<p>For fiscal year 2020, the insurance market in Cameroon in the Life and P&amp;C compartments of the 28 active companies achieved a turnover of 210 billion FCFA (388 million dollars) against 209 billion the previous fiscal year, i.e. an overall increase of 2.14%.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Like the Inter-African Conference on Insurance Markets (CIMA) where the insurance penetration rate remains very low, covering barely 1.1% of inhabitants, insurance is struggling to become established. in Cameroon, with less than 2% of the population covered regardless of enormous potential. The Association of Insurance Companies of Cameroon (ASAC), based on &#8220;the real possibilities&#8221; of<\/p>\n","protected":false},"author":536282,"featured_media":472142,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11996,16200],"tags":[16121,40,18956,14663,18955],"class_list":{"0":"post-472141","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"category-insurance","9":"tag-asac","10":"tag-cameroun","11":"tag-compulsory-insurance","12":"tag-insurance","13":"tag-taking-out","14":"post_format-post-format-aside","15":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cameroun: ASAC recommends taking out compulsory insurance - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2021\/06\/16\/cameroun-asac-recommends-taking-out-compulsory-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-16T14:49:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2021\/06\/bureau-asac.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"322\" \/>\n\t<meta property=\"og:image:height\" content=\"157\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/16\\\/cameroun-asac-recommends-taking-out-compulsory-insurance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/16\\\/cameroun-asac-recommends-taking-out-compulsory-insurance\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"Cameroun: ASAC recommends taking out compulsory insurance\",\"datePublished\":\"2021-06-16T14:49:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/16\\\/cameroun-asac-recommends-taking-out-compulsory-insurance\\\/\"},\"wordCount\":294,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/16\\\/cameroun-asac-recommends-taking-out-compulsory-insurance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/bureau-asac.jpg\",\"keywords\":[\"ASAC\",\"Cameroun\",\"compulsory insurance\",\"insurance\",\"taking out\"],\"articleSection\":[\"Finance\",\"Insurance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/16\\\/cameroun-asac-recommends-taking-out-compulsory-insurance\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/16\\\/cameroun-asac-recommends-taking-out-compulsory-insurance\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/16\\\/cameroun-asac-recommends-taking-out-compulsory-insurance\\\/\",\"name\":\"Cameroun: ASAC recommends taking out compulsory insurance - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/16\\\/cameroun-asac-recommends-taking-out-compulsory-insurance\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/06\\\/16\\\/cameroun-asac-recommends-taking-out-compulsory-insurance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/bureau-asac.jpg\",\"datePublished\":\"2021-06-16T14:49:06+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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