Insurance industry in Africa : industries & markets

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      <subfield code="a">The African insurance industry is still developing in many countries across the continent. The insurance industry in Africa represents less than three percent of insured catastrophe losses worldwide, although it's home to almost 18 percent of the global population. However, despite the low levels of insurance uptake, there continues to be increased interest and focus from major international brokers, insurers and reinsurers. In 2020, the value of insurance premiums in Sub-Saharan Africa amounted to just over 50 billion U.S. dollars.</subfield>
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