Africa's insurance premiums amounted to over 70 billion U.S. dollars in 2022. This corresponded to a share of one percent of the world's insurance premium. South Africa had by far the highest participation on the continent, representing more than half of the total contributions. Around 45.8 billion U.S. dollars were paid by insured individuals and businesses in policies in the country.
Value of Africa's insurance premiums in 2022, by country
(in billion U.S. dollars)
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Insurance Regulatory Authority (Kenya). (December 19, 2023). Value of Africa's insurance premiums in 2022, by country (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1247055/gross-insurance-premiums-in-africa-by-country/
Insurance Regulatory Authority (Kenya). "Value of Africa's insurance premiums in 2022, by country (in billion U.S. dollars)." Chart. December 19, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1247055/gross-insurance-premiums-in-africa-by-country/
Insurance Regulatory Authority (Kenya). (2023). Value of Africa's insurance premiums in 2022, by country (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1247055/gross-insurance-premiums-in-africa-by-country/
Insurance Regulatory Authority (Kenya). "Value of Africa's Insurance Premiums in 2022, by Country (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Dec 2023, https://www.statista.com/statistics/1247055/gross-insurance-premiums-in-africa-by-country/
Insurance Regulatory Authority (Kenya), Value of Africa's insurance premiums in 2022, by country (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1247055/gross-insurance-premiums-in-africa-by-country/ (last visited December 22, 2024)
Value of Africa's insurance premiums in 2022, by country (in billion U.S. dollars) [Graph], Insurance Regulatory Authority (Kenya), December 19, 2023. [Online]. Available: https://www.statista.com/statistics/1247055/gross-insurance-premiums-in-africa-by-country/
