Spx-cmr and area assurance now linked by an agreement
The commitments of each entity outlined in a dedicated document were signed and made public on June 16 in Douala.
The Subcontracting and Partnership Exchange of Cameroon (SPX-CMR) and Area Assurance have now formed a partnership agreement. Both entities agree to implement coordinated initiatives to promote the culture of insurance as part of facilitating connections between Cameroonian subcontracting companies and large international enterprises.
According to the Executive Director of SPX-CMR, this agreement comes at a crucial time when local SMEs need strategic support and protection to develop sustainably. "By combining the networking strength of SPX-CMR with the expertise of Area Assurance, we are supporting industrial subcontracting SMEs in their quest for technical, technological, and financial partnerships on an international scale," states Emmanuel Sojio, the General Director of Area Assurance.
A Highly Beneficial Partnership for SMEs
This partnership will allow SMEs to benefit from free advice and to participate in seminars and workshops dedicated to specific insurance-related themes. They will also gain from Area Assurance's expertise in securing and structuring businesses through tailored insurance solutions that address their specific risks (industrial, logistical, commercial, etc.).
"The improvement of the insurance culture in subcontracting companies is crucial for their resilience against various risks. Well-insured local companies have better credibility in their investment approaches with financial institutions and in partnerships with international firms," advises the General Director of Area Assurance.
"Insurance is one of the pillars of CSR and serves as a presumption of competence and a guarantee for the proper execution of certain contracts. However, many of our SMEs overlook this important tool or face difficulties in securing winning contracts with insurance companies. Our commitment to an agreement with Area Assurance is therefore more than beneficial for SMEs," reassures the Executive Director of SPX-CMR.
