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Top 10 African companies by non-life insurance premiums in 2024
June 22, 2026
Figures in thousands USD
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| Ranking | Company | Country | Class of business | Premiums | 2024 shares |
| 1 | Santam | South Africa | Non-life | 1 891 562 | 7.1% |
| 2 | The Hollard Insurance | South Africa | Non-life | 886 608 | 3.4% |
| 3 | Old Mutual Insure | South Africa | Non-life | 718 515 | 2.7% |
| 4 | Guardrisk Insurance | South Africa | Non-life | 714 646 | 2.7% |
| 5 | OUTsurance Insurance | South Africa | Non-life | 667 636 | 2.5% |
| 6 | Sanlam | Morocco | Composite | 528 448 | 2.0% |
| 7 | Wafa Assurance | Morocco | Composite | 517 257 | 2.0% |
| 8 | Misr Insurance | Egypt | Non-life | 462 318 | 1.7% |
| 9 | AXA Assurance Maroc | Morocco | Composite | 421 210 | 1.6% |
| 10 | RMA | Morocco | Composite | 399 051 | 1.5% |
| Total non-life premiums | 7 207 251 | 27.2% | |||
| Rest of non-life market | 19 305 942 | 72.8% | |||
| Non-life market grand total | 26 513 193 | 100% | |||
* This ranking includes only non-life premiums written by composite insurers and, naturally, those written by 100% non-life insurers. Life premiums written by composite insurers have been excluded from this ranking.
Read also | Top 30 African insurance companies
