Central Africa:Insurance market size estimated at US$1.1bn with a penetration rate of 0.7%

By MEIR team | 14 Jul 2026

Africa Property & Casualty Life & Health Regulation

The size of the insurance market in Central Africa is about $1.1bn, with a penetration rate of no more than 0.7%, indicating the enormous potential for growth, especially with increasing urbanisation and infrastructure development, said the Insurers Federation of Egypt (IFE).

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