29/09/2026
Africa is home to almost 18% of the world's population and accounts for less than 1% of global insurance premiums.
That gap is the subject of a new piece from Chelene Naidoo, our Head of Growth for Africa. She sets out the ten challenges that will decide which African insurers lead the next decade and which follow.
Some are familiar, such as pe*******on below 1% in markets like Nigeria and Egypt. Others get less attention. 83% of employment across Africa is informal, so annual premiums and fixed monthly debit orders do not fit how most people are paid.
Chelene also covers trust, distribution costs, currency volatility, regulatory fragmentation, data scarcity, legacy systems, fraud and climate risk that is growing faster than the protection available against it.
Read the full piece here:
18% of the world's population, under 1% of its premiums. The 10 challenges facing African insurers.