By Bakah Derick in Bamendakwe
Understanding the insurance sector and its services is practically one of the most complicated thinks to understand in Cameroon. While clients and beneficiaries complain that the insurance service providers hide a lot of information from subscribers during subscription, the service providers say the subscribers are always in a hurry and do not create time to be educated on the various implications associated to the different insurance options.
Since Monday October 26, 2015 different professional circles have been taking turns in the conference hall of the Blessed Paul VI memorial pastoral center upstation Bamenda on the invitation of the Association of National Insurance Companies in Cameroon better known as ASAC.
Beginning on Monday October 26, with Journalists, then Tuesday with the judiciary and Wednesday the security, ASAC choosed to educate the various professional groups on subjects such as: the origin of insurance, objectives and aims as well as legal and economic definitions of insurance.
With the guidance of well grounded minds in insurance matters in Cameroon like; Men Ferdinand General Director of SAAR-VIE insurance and president of ASAC communication commission, Boya Alexandre Vice president of the ASAC communication commission and insurance expert consultant, Lemb Aaron Director of Pool TPV and Ngoumou Pierre Didier Permanent secretary in the Cameroon office for Carte Rose CEMAC, the different professionals had the privilege to gain expert knowledge on the insurance sector in Cameroon and beyond.
However lots of issues bearing on the day to day value of the insurance sector was at the center of the various worries raised. To many going by their words "the insurance companies are interest money and consequently they design complicated policies difficult to fulfill in case of an accident. The ASAC experts however noted that it is important to be patient when requesting insurance cover.
According to one of the experts many go to pay for insurance just because it is a requirement to ply Cameroonian roads with an automobile and consequently many pay the cheapest just to please the police and not necessary about their lives.
Makongue Charles Ivo inspector General in the NW Regional Governor's office and Mballa Benilli Northwest regional chief for insurance matters stopped by the various seminars with a strong government take on the importance of the insurance sector and hence the need for honesty in the sector.
Photo Credit: Ma Stey
Understanding the insurance sector and its services is practically one of the most complicated thinks to understand in Cameroon. While clients and beneficiaries complain that the insurance service providers hide a lot of information from subscribers during subscription, the service providers say the subscribers are always in a hurry and do not create time to be educated on the various implications associated to the different insurance options.
Since Monday October 26, 2015 different professional circles have been taking turns in the conference hall of the Blessed Paul VI memorial pastoral center upstation Bamenda on the invitation of the Association of National Insurance Companies in Cameroon better known as ASAC.
Beginning on Monday October 26, with Journalists, then Tuesday with the judiciary and Wednesday the security, ASAC choosed to educate the various professional groups on subjects such as: the origin of insurance, objectives and aims as well as legal and economic definitions of insurance.
With the guidance of well grounded minds in insurance matters in Cameroon like; Men Ferdinand General Director of SAAR-VIE insurance and president of ASAC communication commission, Boya Alexandre Vice president of the ASAC communication commission and insurance expert consultant, Lemb Aaron Director of Pool TPV and Ngoumou Pierre Didier Permanent secretary in the Cameroon office for Carte Rose CEMAC, the different professionals had the privilege to gain expert knowledge on the insurance sector in Cameroon and beyond.
However lots of issues bearing on the day to day value of the insurance sector was at the center of the various worries raised. To many going by their words "the insurance companies are interest money and consequently they design complicated policies difficult to fulfill in case of an accident. The ASAC experts however noted that it is important to be patient when requesting insurance cover.
According to one of the experts many go to pay for insurance just because it is a requirement to ply Cameroonian roads with an automobile and consequently many pay the cheapest just to please the police and not necessary about their lives.
Makongue Charles Ivo inspector General in the NW Regional Governor's office and Mballa Benilli Northwest regional chief for insurance matters stopped by the various seminars with a strong government take on the importance of the insurance sector and hence the need for honesty in the sector.
Photo Credit: Ma Stey