Cameroon: AGF Assurances opens a subsidiary in the Central African Republic


The Assurances Générales du Cameroun (AGC) company is expanding its activities in the sub-region with the opening of a subsidiary in the Central African Republic. This presence allows the Central African insurance market to access various services, particularly in the field of Fire-Accidents-Various Risks and Transport (IARDT). Inaugurated on September 15, 2022, the new branch will benefit from the expertise of the parent company AGF Cameroon to win over the clientele where Allianz Centrafrique Assurances, UAC Assurances, UAC-Iard Assurances are already evolving for a cumulative turnover of 6.2 billion FCFA (9.5 million dollars) in 2021. This means that the insurance market is fallow in this country