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With an estimated population of 1.3bn, Africa represents about 16.5% of the world’s total population. However, the African insurance market remains one of the world’s least penetrated. Africa’s contribution accounts for 1.55% of global insurance premiums — a reflection of the under penetration of insurance on the continent. 

Watch a panel of insurance experts discuss whether Africa really is a neglected market.

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This article was paid for by Santam.
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