Cameroon: Chanas Assurances creates a subsidiary dedicated to life insurance

The incumbent operator of the insurance sector in Cameroon, the company Chanas Assurances SA, traditionally operating in the P&C (Fire-Accidents-Various Risks and Transport) branch, is extending its activities with the creation of an entity intended for the operations of the Life branch. The new company emerged from the baptismal font on July 12, 2022 in Douala at the end of the general meeting to establish Chanas Assurances Vie SA and the holding of the first session of its board of directors. With a share capital of 5.2 billion FCFA (9 million dollars), the life branch is carried by reference shareholders, in particular Chanas Assurances

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