Africa's insurance premium amounted to some 74 billion U.S. dollars in 2021. This corresponded to a share of one percent of the world's insurance premium. South Africa had by far the highest participation in the continent. Around 51 billion U.S. dollars were paid by insured individuals and businesses in policies in the country. Second in the ranking, Morocco registered an insurance premium total value of 6.3 billion U.S. dollars.
Value of Africa's insurance premiums in 2021, by country
(in billion U.S. dollars)
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Insurance Regulatory Authority (Kenya). (August 31, 2022). Value of Africa's insurance premiums in 2021, by country (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 04, 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 2021, by country (in billion U.S. dollars)." Chart. August 31, 2022. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/1247055/gross-insurance-premiums-in-africa-by-country/
Insurance Regulatory Authority (Kenya). (2022). Value of Africa's insurance premiums in 2021, by country (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 04, 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 2021, by Country (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Aug 2022, https://www.statista.com/statistics/1247055/gross-insurance-premiums-in-africa-by-country/
Insurance Regulatory Authority (Kenya), Value of Africa's insurance premiums in 2021, by country (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1247055/gross-insurance-premiums-in-africa-by-country/ (last visited November 04, 2024)
Value of Africa's insurance premiums in 2021, by country (in billion U.S. dollars) [Graph], Insurance Regulatory Authority (Kenya), August 31, 2022. [Online]. Available: https://www.statista.com/statistics/1247055/gross-insurance-premiums-in-africa-by-country/
