ABSTRACT<\/strong>\nAREA S.A is a company authorized to present insurance Fire, Accident, Various Risks and Transport (IARDT) insurance operations. The Headquarters and General Management are located in Douala-BONANJO, at 264 Rue de la Monte Piquet, in front of the CCA Bank building.\nAREA Assurances is a concentrate of economic operators handpicked in all sectors of the national and international economy, supported by insurance executives experienced in the task and proven expertise, ready to meet all the expectations of their customers.<\/pre>\n\n\n\n
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AREA CAMEROON PRODUCTS<\/strong><\/pre>\n\n\n\n
The company has classified its products in 02, including conventional products and specific products.<\/pre>\n\n\n\n
Classic products:<\/strong>\nHealth Insurance\nCar insurance\nFire and explosion insurance\nPersonal and accident insurance\nLiability insurance\nTheft insurance\nAll site risk insurance\nMulti-risk home insurance\nTransport insurance\nAll risk machine bri insurance.<\/pre>\n\n\n\n
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Specific products<\/strong>:\nAREA Smartphone Secure\nAREA Driver Insurance\nAREA Express Auto\nTravel insurance.<\/pre>\n\n\n\n
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AREA AGENCIES IN CAMEROON<\/strong>\nAREA S.A has a total of 20 agencies on the national territory.<\/pre>\n\n\n\n
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AREA'S FINANCE<\/strong>\nThe Combined General Meeting of Shareholders of Assurances et R\u00e9assurances Africaines (AREA. SA) on the one hand on the co-option of directors and on the approval of the bylaws on the other hand, decided to proceed with the increase of capital of that insurance company.\nIn a press release published by this insurance company, it is clearly stated that since August 19, 2019, AREA S.A's share capital has increased from CFAF 3.2 billion to CFAF 5 billion. Admittedly, the company has yet to unveil its deployment strategy. However, internal sources specify that the conquest of the regional market is at the center of concerns.\nAccording to its leaders, the capital increase meets at least two requirements. First, to provide more resources to respond favorably to the company's development plan through the extension of the internal network and in the sub-region with the opening of new branches. Next, the company intends to strengthen its operational system in accordance with the provisions of the regulator.\n\nIn all likelihood, if it is true that this company already had a minimum threshold of 3 billion FCFA as stipulated in the relevant provisions of the Inter-African Conference on the Insurance Market (CIMA) which brings together 14 countries of the West and Central Africa, the capital increase indicated Martin Ngouchet, Chairman of the Board of Directors of AREA, also demonstrates the company's ambitions for conquering the insurance and reinsurance market in the region. Created twelve years ago, AREA S.A. specializes in insurance operations such as: Fire, Accidents, Miscellaneous Risks and Transport (IARDT) throughout the national territory and in the CIMA area.<\/pre>\n\n\n\n
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