Africa: insurance penetration rate in 2022
Country | 2022 penetration rate | 2021 penetration rate | 2021-2022 evolution | ||||||
---|---|---|---|---|---|---|---|---|---|
Life | Non-life | Total | Life | Non-life | Total | Life | Non-life | Total | |
South Africa | 9.1% | 2.2% | 11.3% | 10.0% | 2.2% | 12.2% | -9.0% | 0.0% | -7.4% |
Namibia | 5.8% | 2.0% | 7.8% | 5.1% | 2.0% | 7.1% | 13.7% | 0.0% | 9.9% |
Morocco | 1.8% | 2.1% | 3.9% | 1.8% | 2.2% | 4.0% | 0.0% | -4.5% | -2.5% |
Kenya | 1.1% | 1.2% | 2.3% | 1.0% | 1.2% | 2.2% | 10.0% | 0.0% | 4.5% |
Tunisia | 0.6% | 1.6% | 2.2% | 0.5% | 1.6% | 2.1% | 20.0% | 0.0% | 4.8% |
Côte d'Ivoire | 0.5% | 0.7% | 1.2% | 0.5% | 0.7% | 1.2% | 0.0% | 0.0% | 0.0% |
Algeria | 0.1% | 0.5% | 0.6% | 0.1% | 0.6% | 0.7% | 0.0% | -16.7% | -14.3% |
Egypt | 0.3% | 0.3% | 0.6% | 0.3% | 0.4% | 0.7% | 0.0% | -25.0% | -14.3% |
Nigeria | 0.2% | 0.2% | 0.4% | 0.2% | 0.2% | 0.4% | 0.0% | 0.0% | 0.0% |
Ghana | - | - | - | 0.5% | 0.6% | 1.1% | - | - | - |
Africa average (1) | 1.6% | 0.8% | 2.4% | 1.9% | 0.8% | 2.70% | -15.8% | 0% | -11.1% |
(1) according to Swiss Re
Read also | Africa: insurance density
![africa](/sites/default/files/images/AtlasMagazine_2017-12_No146/images/africa-globe.png)
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