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The state of Insurance in Africa

Interesting data from TC Daily: According to a report on the global insurance market in 2019, Africa accounts for only 1.08% of global turnover compared to other regions, it’s only larger than the Middle East which accounts for 0.71%.

In Africa , the largest markets in terms of turnover are South Africa (69.10%), Morocco (6.81%), Kenya (3.29%), while in terms of the development of insurance (density) , the largest markets are South Africa, Morroco, Namibia.

 

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