RISK MANAGEMENT : Camwater invests 1.175 billion FCFA to protect its operations and personnel

(LVDE) — The Cameroon Water Utilities Corporation (Camwater) has recently finalized two major insurance contracts covering its staff, vehicle fleet, and all infrastructure. With a total value exceeding 1.175 billion FCFA, these commitments reflect the public utility’s strategy to safeguard its operations against human and material risks while ensuring the continuity of potable water services across Cameroon.

In a context where risk management is becoming a strategic priority for state-owned companies, Camwater formalized the awarding of two consecutive insurance contracts following nationwide public tenders conducted under emergency procedures. Approved by the General Management, the decision demonstrates the company’s determination to protect its activities from accidents, damage, and incidents that could disrupt its daily operations. Over a period of 36 months, nearly 1.175 billion FCFA will be mobilized to secure these essential coverages.

The first contract focuses on employee social protection, including personal accident coverage and funeral expenses. Awarded to AFG Assurances, the contract totals 549.6 million FCFA, distributed over three annual installments. This structure allows Camwater to spread its financial commitment while ensuring continuous coverage throughout the contract period. For the company, the goal is to strengthen its internal safety net, a necessity in a sector where staff face frequent operational risks related to network maintenance and infrastructure interventions.

The second contract covers Camwater’s vehicle fleet nationwide. Zenithe Insurance was selected to insure these assets for 625.5 million FCFA, also over a three-year period. This coverage aims to mitigate financial losses arising from traffic accidents and other incidents, a critical consideration for a company whose logistics are essential to water distribution.

Beyond these two contracts, Camwater continues to insure all its infrastructure, a strategic measure as the company expands its network to improve nationwide coverage. Securing technical installations and production equipment is crucial to maintaining uninterrupted public service and protecting investments.

Together, these measures highlight Camwater’s proactive risk management policy. The approach goes beyond numbers: it demonstrates the company’s commitment to safeguarding human capital, physical assets, and its distribution network. In the context of the modernization of state-owned enterprises in Cameroon, these commitments help reinforce the confidence of partners and employees while ensuring a reliable and sustainable supply of potable water for the population.

Esther Grace