This work bases on first the historic, economic and geographic and legal background of Cameroon and then examines its marine transport sector as a direct relation to the Marine Insurance industry of the country.The work examines the great natural potentials of the country which could mean a great feature growth in the sector of Marine transport, and even though Cameroon does not have any commercial ships flying its flag, the countries marine transport sector offers very many insurable risks for the marine insurance industry.The fact that not only the Marine transport industry but also the Marine Insurance industry are experiencing a rapid growth, only goes a long way to show that Africa, despite the many challenges, is the next 'BIG THING' as per Economic and Industrial Develop