Africa: Insurance in countries with the continent’s richest inhabitants
According to the study, the total individual wealth held on the continent amounts to 2 300 billion USD. About 920 billion USD, or 40%, is held by millionaires.
The average African individual has net assets of nearly 2 000 USD (wealth per capita). The continent is home to 24 billionaires with net assets of 1 billion USD or more, 7420 multimillionaires with net assets of more than 1 million USD.
Atlas magazine focuses on the insurance situation in the top ten African countries with the wealthiest inhabitants of the continent.
In thousands USD| Country | Income per capita | Growth in income (2007-2017) | 2017 GDP | Insurance penetration rate | Insurance density | 2017 premiums |
|---|---|---|---|---|---|---|
Mauritius | 32.7 | 195% | 13 330 000 | 4.39% | 0.463 | 586 000 |
South Africa | 12.9 | 2% | 349 419 000 | 13.67% | 0.842 | 47 796 000 |
Namibia | 12.6 | 30% | 13 240 000 | 7.28% | 0.381 | 965 000 |
Botswana | 7.9 | 32% | 17 400 000 | NA | NA | NA |
Angola | 3.9 | 8% | 124 209 000 | 0.62% | 0.026 | 780 000 |
Egypt | 3.9 | -10% | 235 369 000 | 0.52% | 0.0128 | 1 244 000 |
Morocco | 3.7 | 14% | 109 139 000 | 3.40% | 0.104 | 3 718 000 |
Ghana | 2.5 | 39% | 47 330 000 | NA | NA | NA |
Kenya | 2.4 | 73% | 74 938 000 | 2.70% | 0.041 | 2 030 000 |
Cote d’Ivoire | 1.9 | 43% | 40 389 000 | 1.47% | 0.024 | 594 785 |
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