Most important demographic changes according to insurers in Africa 2017

This statistic shows the demographic changes having largest impact according to insurance companies in Africa in 2017. In 2017, 79 percent of African insurers said that the growing black middle class would have a large impact on the insurance market in Africa, whereas only 14 percent said the same about population growth.

Demographic changes having a large impact according to insurance companies in Africa in 2017

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Release date

September 2018



Survey time period

June and November 2017

Number of respondents

22 respondents

Special properties

insurance companies; 14 from South Africa and 8 from the rest of Africa

Method of interview

Face-to-face interview, online survey

Supplementary notes

These respondents all selected "large impact" when asked the level of impact the selected demographic changes would have.

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Statistics on "Insurance industry in Africa"

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