Magazine date:
Jul 2018 Insurance penetration rate of the main African countries 2016-2017
| 2016 | 2017 | |||||
|---|---|---|---|---|---|---|
| Life premiums | Non life premiums | Total | Life premiums | Non life premiums | Total | |
| South Africa | 11.52% | 2.75% | 14.27% | 11.02% | 2.75% | 13.77% |
| Namibia | 4.69% | 2.18% | 6.87% | 5.37% | 2.18% | 7.55% |
| Morocco | 1.42% | 2.06% | 3.48% | 1.43% | 2.06% | 3.49% |
| Kenya | 1.07% | 1.73% | 2.80% | 1.05% | 1.55% | 2.60% |
| Tunisia | 0.36% | 1.61% | 1.97% | 0.42% | 1.62% | 2.04% |
| Algeria | 0.07% | 0.73% | 0.80% | 0.07% | 0.65% | 0.72% |
| Egypt | 0.31% | 0.33% | 0.64% | 0.33% | 0.35% | 0.68% |
| Angola | 0.01% | 0.80% | 0.81% | 0.01% | 0.58% | 0.59% |
| Nigeria | 0.09% | 0.20% | 0.29% | 0.08% | 0.17% | 0.25% |
| Average | 1.85% | 0.92% | 2.77% | 2.00% | 0.96% | 2.96% |
Read also | MENA: Top 50 insurance companies [4]
Insurance penetration rate of the main countries of the Middle East 2016-2017
| 2016 | 2017 | |||||
|---|---|---|---|---|---|---|
| Life premiums | Non life premiums | Total | Life premiums | Non life premiums | Total | |
| United Arab Emirates | 0.69% | 2.18% | 2.87% | 0.85% | 2.81% | 3.66% |
| Lebanon | 1.02% | 2.30% | 3.32% | 0 .97% | 2.18% | 3.15% |
| Bahrain | 0.43% | 1.84% | 2.27% | 0.40% | 1.81% | 2.21% |
| Jordan | 0.23% | 1.82% | 2.05% | 0.27% | 1.82% | 2.09% |
| Qatar* | 0.03% | 1.96% | 1.99% | 0.03% | 1.97% | 2.00% |
| Oman | 0.22% | 1.61% | 1.83% | 0.23% | 1.51% | 1.74% |
| Saudi Arabia | 0.04% | 1.51% | 1.55% | 0.04% | 1.38% | 1.42% |
| Kuwait | 0.12% | 0.74% | 0.86% | 0.13% | 0.58% | 0.71% |
| Average | 0.34% | 1.74% | 2.08% | 0.36% | 1.75% | 2.11% |
Insurance density of the main African countries 2016-2017
| 2016 | 2017 | |||||
|---|---|---|---|---|---|---|
| Life premiums | Non life premiums | Total | Life premiums | Non life premiums | Total | |
| South Africa | 615.8 | 146.7 | 762.5 | 674 | 167 | 841 |
| Namibia | 212.8 | 98.6 | 311.4 | 271 | 110 | 381 |
| Morocco | 41.9 | 60.4 | 102.3 | 43 | 61 | 104 |
| Tunisia | 13.2 | 59.3 | 72.5 | 14 | 56 | 70 |
| Kenya | 15.4 | 25.1 | 40.5 | 16 | 24 | 40 |
| Algeria | 2.5 | 27.4 | 29.9 | 3 | 27 | 30 |
| Angola | 0.5 | 30 | 30.5 | 1 | 26 | 27 |
| Egypt | 11 | 11.9 | 22.9 | 8 | 8 | 16 |
| Nigeria | 2 | 4.2 | 6.2 | 1 | 3 | 4 |
| Average | 33.7 | 16.7 | 50.4 | 36 | 18 | 54 |
Insurance density of the main countries of the Middle East 2016-2017
| 2016 | 2017 | |||||
|---|---|---|---|---|---|---|
| Life premiums | Non life premiums | Total | Life premiums | Non life premiums | Total | |
| United Arab Emirates | 263.5 | 838.5 | 1102 | 333 | 1103 | 1436 |
| Qatar* | 20.5 | 1267.8 | 1288.3 | 20.8 | 1280.7 | 1301.5 |
| Bahrain | 96 | 411 | 507 | 105 | 471 | 576 |
| Saudi Arabia | 8.6 | 300.8 | 309.4 | 9 | 287 | 296 |
| Lebanon | 82.2 | 186.4 | 268.6 | 85 | 191 | 276 |
| Oman | 31.5 | 230.9 | 262.4 | 35 | 230 | 265 |
| Kuwait | 46.1 | 234.3 | 280.4 | 38 | 164 | 202 |
| Jordan | 11.9 | 92.2 | 104.1 | 11 | 78 | 89 |
| Average | 70 | 445.2 | 515.2 | 79.6 | 475.5 | 555.1 |
Due to the unavailability of 2017 data, some countries of the Middle East and Africa are not included in this study.
* Data have been estimated by Atlas Magazine.
Read also:
