South Africa in pole position

African insurance is dominated by South Africa with eight of its companies ranking among the 10 largest insurers of the continent in 2013.
Johannesburg © Zakysant, CC BY-SA 3.0

Moroccan companies are the only ones standing to the South Africans. International groups such as AXA, Allianz, AIG, or Lloyd's have a very small share of the South African market.

Zurich, the largest of them all, holds only 4% of this market. There is an opposite trend in reinsurance where five of the world's largest reinsurers share 75% of the market.

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