African insurance market: turnover in 2020

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Figures in millions USD
CountryTurnover2019-2020 evolution2020 shares
20202019
South Africa
40 63546 421-12.46%67.51%
Morocco
5 0294 6288.66%8.36%
Egypt
2 4742 09917.87%4.11%
Kenya
2 1992 235-1.61%3.65%
Nigeria
1 2131 565-22.49%2.02%
Algeria
1 0371 223-15.21%1.72%
Tunisia
90081710.16%1.49%
Ghana
75967312.78%1.26%
Côte d'Ivoire
6856633.32%1.14%
Cameroon
3923579.80%0.65%
Burkina Faso
20216224.69%0.34%
Total55 52560 843-8.74%92.25%
Rest of the market4 6656 439-27.55%7.75%
Total Africa60 19067 282-10.54%100%

Sources: Sigma (Swiss Re) and Atlas Magazine

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