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Cameroon

OLEA Cameroon

Cameroon

OLEA Cameroon

Expertise
Expertise
Property & Casualty
Employee Benefits
Construction
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Political Violence & Terrorism
Pension
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Cyber
Property & Casualty
Employee Benefits
Construction
Financial Lines
Political Violence & Terrorism
Pension
Motor
Transport
Business Interruption
Cyber

SOME KEY FIGURES

Country information
Population: 27.2 million
GDP per capita: $ 1,667
GDP growth in 2022: 3.5%
GDP growth in 2023: 4.0% (forecast)
Economy Highlights
Relatively diversified resources, with forestry, agriculture (e.g. cocoa and bananas), oil and minerals (e.g. aluminum)
Gas capacity expansion in a favorable short-term environment
Hydroelectric potential
Efforts to improve infrastructure underway
Member of the Economic and Monetary Community of Central Africa (CEMAC) and the Economic Community of Central African States (CEEAC)
The CFA franc is pegged to the euro, but the common reserves of the Bank of Central African States are limited.
Insurance market
Market size in millions: 175,876 XOF - 297.6 USD
Penetration rate as % of GDP: 1.05
16 non-life insurance companies and 9 life insurance companies
The subsidiary
Date of creation
2017
Collaborators
37
Address
B.P. 2452 DOUALA
Spoken languages
French, English, Spanish
Contact
cameroun@olea.africa
Maurice BOUZEMARENE

Maurice BOUZEMARENE

Managing Director

Maurice began his career in insurance at UAP in 1992 in Paris, as Commercial Inspector. In 1994, he joined Abeille Vie where he held the position of Head of Commercial Animation for the Paris and Ile de France region. In 1995, he became Sales Director for Abeille Vie's Organization and Wealth Management network. Abeille Vie becomes AVIVA and in 1999, Maurice is appointed Director of Regional Management Paris Ile de France. He then became General Manager of Médéric Conseil, a subsidiary of Aviva and Médéric that he founded and managed from 1999 to 2011. After a stint as a Consultant for a Micro Insurance Institute (MIIR), he joined Gras Savoye International in 2012 to pilot the subsidiary Gras Savoye Algeria. In addition to his career, Maurice taught at the Ecole Nationale d'Assurance Paris from 2006 to 2018. An economist by training, he holds a DEA in Economics and Finance completed by an MBA in Insurance Business Management.

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© OLEA 2023 – LEGAL INFORMATIONS – SITEMAP – COOKIES MANAGEMENT – UPDATED ON : 12/03/2023

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