DUBLIN–(BUSINESS WIRE)–The “Africa Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
The Africa insurance market reached a value of US$ 61.1 Billion in 2019. Insurance refers to a contract or a policy that protects the insurer from financial losses. The African region consists of several underdeveloped and developing economies, with the insurance industry remaining largely staggering in terms of growth. However, overall economic growth in the region witnessed over the past decades is steadily creating growth opportunities for the insurance market in the region.
The presence of numerous untapped markets is one of the key factors driving the insurance industry in the African region. However, there are a few developed markets, such as South Africa, which are highly competitive due to the presence of well-capitalized local players. Key players from the global market seek to exploit these untapped regional opportunities, along with exploring ventures in concentrated markets. Furthermore, a significant rise in literacy levels, coupled with the increasing number of educated youths, is creating a positive outlook for the market. An overall improved educational scenario is expected to create significant awareness regarding the associated benefits of insurance, thus creating lucrative opportunities for the market players. Rapid urbanization, emerging middle class, and growing working population, along with improving internet connection and technological advancements, are some of the other factors catalyzing the growth of the insurance sector in the African region. Looking forward, the market value is further expected to grow at a substantial pace during the forecast period 2020-2025.
Key Questions Answered in This Report:
- How has the Africa insurance market performed so far and how will it perform in the coming years?
- What is the breakup of the Africa insurance market based on the type?
- What is the breakup of the Africa non-life insurance market based on the type?
- What is the breakup of the Africa insurance market based on the country?
- What are the key driving factors and challenges in the Africa insurance market?
- What is the structure of the Africa insurance market and who are the key players?
- What is the degree of competition in the Africa insurance market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Africa Insurance Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Type
6.1 Life Insurance
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Non-Life Insurance
6.2.1 Market Trends
6.2.2 Automobile Insurance
6.2.2.1 Market Trends
6.2.2.1 Market Forecast
6.2.3 Fire Insurance
6.2.3.1 Market Trends
6.2.3.2 Market Forecast
6.2.4 Liability Insurance
6.2.4.1 Market Trends
6.2.4.2 Market Forecast
6.2.5 Other Insurance
6.2.5.1 Market Trends
6.2.5.2 Market Forecast
6.2.6 Market Forecast
7 Market Breakup by Country
7.1 South Africa
7.2 Morocco
7.3 Nigeria
7.4 Egypt
7.5 Kenya
7.6 Algeria
7.7 Angola
7.8 Namibia
7.9 Tunisia
7.10 Mauritius
7.11 Others
8 SWOT Analysis
8.1 Overview
8.2 Strengths
8.3 Weaknesses
8.4 Opportunities
8.5 Threats
9 Porters Five Forces Analysis
9.1 Overview
9.2 Bargaining Power of Buyers
9.3 Bargaining Power of Suppliers
9.4 Degree of Competition
9.5 Threat of New Entrants
9.6 Threat of Substitutes
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 African Life Assurance
10.3.2 Liberty Group Limited
10.3.3 Libya Insurance Company
10.3.4 Misr Insurance Company
10.3.5 Momentum Metropolitan Life Limited
10.3.6 Old Mutual Limited
10.3.7 Sage Life Insurance
10.3.8 Sanlam Life Insurance Limited
10.3.9 Santam
10.3.10 Societe Nationale d’Assurance
For more information about this report visit https://www.researchandmarkets.com/r/w7vfzs
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