Table 2.
Insurance development in Africa (1996–2017)
| Insurance penetration (% GDP) | Insurance density (USD) | ||||||
|---|---|---|---|---|---|---|---|
| 10 lowest countries | 10 highest countries | 10 lowest countries | 10 highest countries | ||||
| Guinea | 0.036 | Tunisia | 1.525 | Guinea | 0.160 | Cabo Verde | 34.558 |
| Equatorial Guinea | 0.038 | Angola | 1.963 | Congo, Dem. Rep | 0.613 | Lesotho | 44.311 |
| Chad | 0.196 | Kenya | 2.032 | Central African Republic | 1.016 | Tunisia | 51.376 |
| Congo, Dem. Rep | 0.210 | Eswatini | 2.253 | Chad | 1.068 | Morocco | 56.032 |
| Central African Republic | 0.257 | Morocco | 2.378 | Equatorial Guinea | 1.144 | Gabon | 68.705 |
| Mauritania | 0.383 | Botswana | 2.628 | Burundi | 1.526 | Eswatini | 92.183 |
| Sierra Leone | 0.396 | Lesotho | 4.290 | Ethiopia | 1.580 | Botswana | 147.519 |
| Sudan | 0.403 | Mauritius | 4.418 | Sierra Leone | 1.847 | Namibia | 273.306 |
| Libya | 0.425 | Namibia | 6.868 | Niger | 2.029 | Mauritius | 300.540 |
| Mali | 0.463 | South Africa | 13.607 | Madagascar | 2.361 | South Africa | 674.027 |
Source Authors’ calculation