🚨 BREAKING: Cameroon’s Ministry of Finance Revokes Licenses of 31 Insurance Brokerage Firms (May 29, 2026)

In a decisive regulatory enforcement action, the Ministry of Finance of the Republic of Cameroon has officially revoked the operating licenses of 31 insurance brokerage firms. The formal decision, captured in the Ministerial Decree (Arrêté N° 0000049) signed by the Minister of Finance, Louis Paul Motaze, is dated May 29, 2026.

Grounds for Revocation
According to the official decree, the revocation is executed on two specific legal grounds:

1. Lapse/Expiration of License (Caducité de l’agrément): Applied to the vast majority of the listed firms for failing to maintain valid operational status.
2. Misappropriation of Insurance Premiums (Détournement de primes): Applied strictly to five specific firms, a serious financial infraction within the insurance sector.

Firms specifically sanctioned for Premium Misappropriation & Lapse:

• LES MUTUELLES REUNIES
• NOVERLA ROBERTIS SARL
• OPTIMA INSURANCE SOLUTIONS SARL
• PACIFIC INSURANCE SARL
• YAN CAPITAL SARL

Immediate Consequences
Article 2 of the decree stipulates that the withdrawal of approvals implies the immediate cessation of all insurance business presentation and brokerage activities for the implicated firms across the entire national territory of Cameroon.

Full List of All Revoked Firms:
For full legal transparency and compliance reference, the 31 affected entities are:

1. ACOGEF
2. ASSUREURS ASSOCIES SARL
3. ASSURTEL SARL
4. ATO INSURANCE BROKERS LIMITED
5. BARAKAT INSURANCE SARL
6. BASILEIA SARL
7. CAMEROON INSURANCE ADVISORS
8. COLIBRI ASSURANCES & CONSEILS SARL
9. CONCEPT ASSURANCES SARL
10. DBS COURTIER D’ASSURANCES S.A
11. GLOBAL REINSURANCE BROKERS SAS (GRB)
12. INQUIRES CAMEROUN SARL
13. INSURANCE LLYOD AFRICA
14. LES MUTUELLES REUNIES
15. LIGHT INSURANCE SARL-U
16. MANUAL AND DIGITAL (MDI) SARL
17. MEKTI ASSURANCES SARL
18. MERIDIEN ASSURANCES SARL
19. NOUVELLE GENERATION D’ASSURANCES
20. NOVERLA ROBERTIS SARL
21. OPTIMA INSURANCE SOLUTIONS SARL
22. PACIFIC INSURANCE SARL
23. PAUL BALEP ASSURANCES SARL
24. PREVOYANCE ASSURANCE ASSISTANCE (PAA)
25. PREVOYANCE ASSURANCE DU CAMEROUN (PAC)
26. PROVIDENCE ASSURANCES SARL
27. ROCASSUR Sarl
28. ROYALE GESTION ASSURANCES SARL
29. SANAGA ASSURANCES SARL
30. SEGURIS ASSURANCE SARL
31. YAN CAPITAL SARL

Stakeholders and insurers should ensure they are no longer engaging in transactions with these entities in light of this enforcement.