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Life insurance markets in sub-Saharan Africa

Research reports

Written by Judith Tyson

Life insurance has the potential to drive economic growth and development at a crucial time in sub-Saharan Africa through mobilising domestic savings and investment, creating employment and enhancing household welfare.

Becoming a regional leader in life and non-life insurance will add momentum to the race to become sub-Saharan Africa's regional financial hub. Those countries vying for this title, such as Kenya and Nigeria, therefore require active policy decisions to develop these markets and realise their benefits.

Judith Tyson