Top 10 African insurance markets

June 11, 2026
Top 10

Figures in USD

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CountryPremiumsMarket shareGDPPopulationPenetration rateInsurance density 
South Africa50 392 000 00068.5%401 140 000 00064 007 18712.6%787.3
Morocco5 785 477 0007.9%160 610 000 00038 081 1733.6%151.9
Kenya3 031 959 0004.1%120 340 000 00056 432 9442.5%53.7
Egypt1 712 343 0002.3%389 060 000 000116 538 2580.4%14.7
Algeria1 259 050 0001.7%269 320 000 00046 814 3080.5%26.9
Tunisia1 195 122 0001.6%51 330 000 00012 277 1092.3%97.3
Namibia1 061 267 0001.4%13 370 000 0003 030 1317.9%350.2
Nigeria1 015 885 0001.4%252 260 000 000232 679 4780.4%4.4
Côte d'Ivoire998 601 0001.4%87 110 000 00031 934 2301.1%31.3
Mauritius663 290 0000.9%14 940 000 0001 245 7794.4%532.4
Total Top 1067 114 994 00091.2%1 759 480 000 000603 040 5973.8%111.3
Rest of the market *6 497 563 0008.8%920 780 000 000726 578 8480.7%8.9
Total Africa73 612 557 000100%2 680 260 000 0001 329 619 4452.7%55,4

* 27 countries


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