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GIIF Country Profile: Cameroon

GIIF Country Profile: Cameroon

Author:
Racine Ly and Pavis Devahasadin
A newly designed Global Index Insurance Facility's Country Profile for Cameroon is available for digital viewing. The document contains an overview of GIIF's project in the country with Partners ACTIVA Assurances and AXA Cameroun. Also availalbe in French.
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Cameroon Index Insurance Project

Market launch:
Country:
Cameroon
Region:
Sub-Saharan Africa
In 2016, GIIF conducted a feasibility study that sought to improve the knowledge and understanding of the market opportunity for index insurance and provide a value chain mapping to assess index insurance opportunities in specific sectors: cotton, maize, livestock, and sorghum. In 2017, a complementary study focused on providing a simulation model to estimate the price of potential index products in cotton, maize, and sorghum. In March 2018, GIIF partnered with two insurance companies – ACTIVA Assurances and AXA Cameroun – to implement a risk transfer and capacity-building pilot project which
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Index Insurance Feasibility Study Workshop in Cameroon

Index Insurance Feasibility Study Workshop in Cameroon

Content owner:
The World Bank Group
Author:
Pavis Devahasadin and Carole Sagbo
At the request of the Government of Cameroon, the World Bank and the IFC have conducted a feasibility study that seeks to improve the knowledge and understanding of the market opportunity for index insurance. The findings were unveiled in Douala on December 15, 2016, at a workshop jointly organized by the World Bank Group and the Association of Insurance Companies of Cameroon (ASAC). The event was another milestone for Cameroon’s agricultural sector, which is increasingly experiencing shocks due to climate change. In 2015, this sector accounted for 20% of the country’s GDP, approximately US$6
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Weather Index-Based Insurance: An ex ante Evaluation for Cotton Cameroon

Weather Index-Based Insurance: An ex ante Evaluation for Cotton Cameroon

Content owner:
Antoine Leblois
Author:
Antoine Leblois
Topics:
Data
Full Publication Cotton is the major cash crop of Cameroon, however, even if it represents a quarter of agricultural exports it is only about six percent of total exports (Gergerly, 2009). The cotton society: SODECOTON (Soci´et´e de D´eveloppement du Coton du Cameroun) and the CMDT its Malian counterpart, are the only West African cotton societies that are still public monopsonies. Those parastatals are thus the only agent in the country to buy cot- ton from producers at pan-seasonally and -territorially fixed price (Delpeuch and Leblois, forthcoming). The national cotton producers
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Weather Index-Based Insurance in a Cash Crop Regulated Sector: Ex Ante Evaluation for Cottom Producers in Cameroon

Weather Index-Based Insurance in a Cash Crop Regulated Sector: Ex Ante Evaluation for Cottom Producers in Cameroon

Author:
Antoine Leblois, Philippe Quirion, Benjamin Sultan
Topics:
Data
Source: ILO Impact Insurance Full publication In the Sudano-sahelian region, which includes Northern Cameroon, the inter-annual variability of the rainy season is high and irrigation is scarce. As a consequence, bad rainy seasons have a massive impact on crop yield and regularly entail food crises. Traditional insurances based on crop damage assessment are not available because of asymmetric information and high transaction costs compared to the value of production. Moreover the important spatial variability of the weather creates a room for pooling the impact of bad weather using index-based
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Legal and Regulatory Work for 14 countries in Francophone Africa - CIMA (Regional Insurance Industry Body)

Start date:
Country:
Benin
Burkina Faso
Cameroon
Central African Republic
Chad
Comoros
Côte d'Ivoire
Gabon
Guinea
Mali
Niger
Senegal
Togo
Region:
Sub-Saharan Africa

In 2011, at the request of CIMA and FANAF, a regional study on microinsurance was conducted with the technical assistance and financial support from the World Bank. This report showed that a new regional framework was required for microinsurance and agricultural index-based insurance, which had been absent, in the CIMA zone. The member countries are Benin, Burkina Faso, Cameroon, Central African Republic, Comoros, Chad, Cote d’Ivoire, Gabon, Guinea, Equatorial Guinea, Mali, Niger, Senegal, and Togo.

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