Cameroon's government has submitted a draft law to Parliament which, when passed, would require insurance companies to cede part of their premiums and reinsurance contracts to local entities.
The Bill, introduced on 20 June 2025, mandates that insurers transfer a fixed share of premiums to either a government agency or a public reinsurance firm, reported the news site, Business in Cameroon.
Authorities say the move is aimed at reducing reliance on foreign reinsurance. Between 2019 and 2023, the total reinsurance outflow reached CFA119bn ($208m), according to official estimates.
The Bill contains 28 articles aimed at tightening regulatory oversight, limiting currency flight, and boosting national financial resilience.
Cameroon is the second largest insurance market in the CIMA zone, the regional bloc overseeing insurance regulation in West and Central Africa.
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