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Africa Health Insurance Market

Africa Health Insurance Market

Africa Health Insurance Market - By Provider (Public, Private); By Coverage Type (Life Insurance, Term Insurance); By Level of Coverage (Bronze, Silver, Gold, Platinum); By Health Insurance Plans (Point of Service (POS), Exclusive Provider Organization (EPOS), Indemnity Health Insurance, Health Savings Account (HSA), Qualified Small Employer Health Reimbursement Arrangements (QSEHRAS), Preferred Provider Organization (PPO), Health Maintenance Organization (HMO), Others); By Demographics (Adults, Minors, Senior Citizens); By End User (Corporates, Individuals, Other); By Country (Nigeria, Kenya, Ghana, Senegal, Morocco, Algeria, Zimbabwe, South Africa, Rest of Africa), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: January 2023
  • Report ID: BWC22635
  • Available Format: PDF
  • Page: 240

Report Overview

Rising medical costs, increase in daycare procedures, the benefits of health insurance, increase in healthcare spending, and government support could boost the growth of Africa Health Insurance Market during the forecast period between 2023 and 2029.

Africa Health Insurance Market - Industry Trends & Forecast Report, 2029

Africa health insurance market size is expected to expand at a CAGR of 6.5% during the forecast period between 2023 and 2029. One of the key factors driving the Africa health insurance industry is the presence of numerous untapped markets. However, due to the presence of well-capitalized local players, a few developed markets, such as South Africa, are highly competitive. Key players in the African market are looking to capitalize on these untapped regional opportunities while also exploring ventures in concentrated markets. Furthermore, a significant increase in literacy levels, combined with an increase in the number of educated youths, is creating a positive market outlook. An improved educational environment is expected to raise significant awareness about the associated benefits of insurance, creating lucrative opportunities for market participants. Other factors driving the expansion of the insurance industry in the African continent include the continent's rapid urbanization, the emergence of a middle class, and a growing working population.

Africa Health Insurance Market - Overview

Health and Medical Insurance is a type of health insurance that covers medical expenses incurred due to treat an illness. These fees could be for hospitalization, medication, or doctor consultations. The rising cost of quality healthcare and increased demand for healthcare coverage because of rising income levels increased life expectancy, and an epidemiological shift toward noncommunicable diseases have made health and medical coverage mandatory. This sector's growth is significant in terms of the overall growth of the general insurance industry. Because of significant government initiatives, strong democratic factors, a favorable regulatory framework, growing partnerships, product innovations, and dynamic distribution networks, the insurance market is expanding.

Growth Drivers

Increasing Number of Daycare Procedures

Surgery or medical procedures classified as "daycare" are those that typically require a shorter hospital stay. Patients must spend a brief amount of time in the hospital as part of the daycare procedure. Many health insurance providers now include daycare procedures in their insurance plans, so there is no longer a requirement that patients stay in the hospital for the required minimum of 24 hours to file an insurance claim for these types of surgeries. The fact that policyholders can also claim daycare procedures under their health insurance policy while most health insurance plans only cover hospital stays and major surgeries is what drives the market's demand.

Mandatory Healthcare Insurance Provision in Public and Private Sectors

Purchasing a healthcare insurance policy is a requirement for employees in both the public and private sectors. Health insurance provides important medical benefits that employees can use while working for a company. In the event of an emergency or medical issue, health insurance coverage comes in handy to cover treatment costs. Employee health insurance is an additional benefit provided by the individual employer to their employees. Under the same policy plan, the employee's family members are also covered by the health insurance provided. In some cases, the employer may also pay a portion of the premium or insurance coverage of the health insurance policy.

Benefits of Health Insurance Policies

The policyholder of a health insurance plan is reimbursed by the insurer for their medical costs, including hospitalization, surgeries, and treatments related to injuries. A health insurance policy is a type of contract where the insurance company guarantees payment for treatment costs in the event of future medical issues and the policyholder agrees to pay the premium amount following the insurance plan. Thus, the benefits of health insurance policies increase the market for health insurance in the Middle East and Africa growth prospects.

Restraints

Expensive Insurance Premiums

All medical treatment costs are covered by health insurance. It provides financial assistance to the policyholder by covering all medical expenses incurred while the policyholder is hospitalized for treatment. Pre- and post-hospitalization expenses are also covered by health insurance. To keep the health insurance policy active, the policyholder must pay insurance premiums regularly. The cost of insurance premiums is high in many cases, depending on the insurance plan, stifling market growth.

Impact of COVID-19 on Africa Health Insurance Market

During 2020–2021, COVID-19 affected a variety of manufacturing and service industries because it caused workplace closures, supply chain disruptions, and transportation restrictions. However, the disparity between supply and demand and how it affects prices is only temporary and is anticipated to reverse as the pandemic ends. The worldwide spread of COVID-19 has significantly increased the demand for health insurance. The health insurance market expanded during the pandemic due to the fear of the disease as well as the rising cost of medical care. Additionally, health insurance providers launched plans and solutions to pay for the medical expenses associated with treating covid19-infected insurers. As a result, the health insurance sector was expanding significantly during the COVID-19 outbreak even though the other industries suffered greatly.

Africa Health Insurance Market

Segmental Coverage

Africa Health Insurance Market - By Provider

Africa health insurance market is divided into Public and Private segments. The public segment dominates the Africa health insurance market. The primary insurer and direct provider of healthcare services is either the state or the federal government. Additionally, public healthcare insurance is more affordable than private healthcare insurance because it typically has lower administrative costs and generally does not require co-pays or deductibles.

Africa Health Insurance Market 

Africa Health Insurance Market - By Coverage Type

On basis of coverage type, Africa health insurance market is divided into Life Insurance and Term Insurance. Life insurance segment dominates the healthcare insurance market. During the forecast period, it is expected to dominate the market in terms of revenue and market share. This is due to the various benefits provided by life insurance policies, such as permanent coverage and a guaranteed death benefit. Furthermore, investing in these types of plans allows working professionals to save taxes.

During the forecast period, the term insurance segment is predicted to hold the second-highest market share. This is because of its high coverage and lost cost. It primarily consists of health insurance, which offers protection against the rising cost of medical care as well as in the event of medical emergencies like critical illnesses. It is therefore the best way to protect medical expenses.

Africa Health Insurance Market – By Level of Coverage

On basis of level of coverage, Africa health insurance market is divided into Bronze, Silver, Gold, and Platinum. The silver health plans segment dominated the market for health insurance. They are typically for people who have one or two minor health issues and need some medication. During the forecast period, the gold plans segment is expected to grow at the fastest rate. This could be attributed to the rise in chronic diseases, which necessitate frequent doctor visits and expensive medications that are out of reach for most people.

Africa Health Insurance Market – By Health Insurance Plans

On basis of the health insurance plans, Africa health insurance market is divided into Point of Service (POS), Exclusive Provider Organization (EPOS), Indemnity Health Insurance, Health Savings Account (HSA), Qualified Small Employer Health Reimbursement Arrangements (QSEHRAS), Preferred Provider Organization (PPO), Health Maintenance Organization (HMO), and other segments. The Preferred Provider Organization (PPO) segment dominated the market for health insurance. They are the most prevalent health plans and provide a wide network of healthcare providers, giving the insured person a wide selection of hospitals and physicians. Additionally, there is little to no paperwork needed, which favors preferred provider organizations and spurs market expansion.

Over the forecast period, the healthcare insurance market is expected to experience the fastest growth rate in the point-of-service segment. It combines health maintenance organization (HMO) and preferred provider organization (PPO) plans. Compared to HMO, it offers more freedom in terms of selecting healthcare providers.

Africa Health Insurance Market – By Demographics

On basis of demographics, Africa health insurance market is divided into Adults, Minors, and Senior Citizens. The adult segment holds the majority of share in the Africa health insurance market. Throughout the forecast, the segment is also expected to hold onto its position. The adult population has a high prevalence of lifestyle diseases that raise the risk of future health problems. The population is more susceptible to hospital-requiring illnesses, such as cardiac and other diseases.

Throughout the forecast period, the senior segment holds the second-highest share in the Africa healthcare insurance market. It includes people over 65, who are more prone to chronic illnesses and consequently have a higher hospitalization rate. Senior health insurance plans are more essential, especially in the event of retirement. Additionally, it has several benefits, including lifetime renewability and the absence of a medical exam required before purchasing a plan. It also covers the outpatient department.

Africa Health Insurance Market – By End User

On basis of the end user, Africa health insurance market is divided into Corporates, Individuals, and other segments. The individual segment holds the highest market share. Because individual health plans can be customized, many people purchase them. Additionally, it does not depend on your employment status and gives you more control over your deductibles, copays, and benefit caps.

During the forecast period, the corporate segment is expected to expand at a profitable rate. This might be because corporate plans are less expensive than individual health plans. It is simpler to obtain coverage for pre-existing conditions, and they provide less expensive coverage for better conditions. However, they only apply while the employee is working.

Africa Health Insurance Market – By Country

On basis of the country, Africa health insurance market covers Nigeria, Kenya, Ghana, Senegal, Morocco, Algeria, Zimbabwe, South Africa, and Rest of Africa.

Competitive Landscape

Competition in Africa health insurance market is intense. Major companies in the market include Sanlam Limited Insurance Group, Old Mutual Limited, Liberty General Insurance Ltd., Wafa Assurance, Misr Life Insurance, MAMDA & MCMA, Hollard Group, AXA Insurance Morocco, Leadway Assurance Company Limited, Britam, and Metropolitan Life Insurance Company. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

Nigeria, Kenya, Ghana, Senegal, Morocco, Algeria, Zimbabwe, South Africa, Rest of Africa 

Product/ Service Segmentation

Provider, Coverage Type, Level of Coverage, Health Insurance Plans, Demographics, End User, Country 

Key Players

Sanlam Limited Insurance Group, Old Mutual Limited, Liberty General Insurance Ltd., Wafa Assurance, Misr Life Insurance, MAMDA & MCMA, Hollard Group, AXA Insurance Morocco, Leadway Assurance Company Limited, Britam, and Metropolitan Life Insurance Company.

 

 

By Provider

  • Public

  • Private

By Coverage Type

  • Life Insurance

  • Term Insurance

By Level of Coverage

  • Bronze

  • Silver

  • Gold

  • Platinum

By Health Insurance Plans

  • Point of Service (POS)

  • Exclusive Provider Organization (EPOS)

  • Indemnity Health Insurance, Health Savings Account (HSA)

  • Qualified Small Employer Health Reimbursement Arrangements (QSEHRAS)

  • Preferred Provider Organization (PPO)

  • Health Maintenance Organization (HMO)

  • Others

By Demographics

  • Adults

  • Minors

  • Senior Citizens

By End User

  • Corporates

  • Individuals

  • Other

By Country

  • Nigeria

  • Kenya

  • Ghana

  • Senegal

  • Morocco

  • Algeria

  • Zimbabwe

  • South Africa

  • Rest of Africa

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Africa Health Insurance Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising cost of medical services
        2. Increasing number of daycare procedures
        3. Advantages offered by health insurance policies
      2. Restraints
        1. High cost of insurance premiums
      3. Opportunity
        1. Increasing healthcare expenditure
        2. Government support
      4. Challenges
        1. Lack of awareness regarding the benefits of health insurance 
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Africa Health Insurance Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Provider
        1. Public
        2. Private
      2. By Coverage Type
        1. Life Insurance
        2. Term Insurance
      3. By Level of Coverage
        1. Bronze
        2. Silver
        3. Gold
        4. Platinum
      4. By Health Insurance Plans
        1. Point of Service (POS)
        2. Exclusive Provider Organization (EPOS)
        3. Indemnity Health Insurance, Health Savings Account (HSA)
        4. Qualified Small Employer Health Reimbursement Arrangements (QSEHRAS)
        5. Preferred Provider Organization (PPO)
        6. Health Maintenance Organization (HMO)
        7. Others
      5. By Demographics
        1. Adults
        2. Minors
        3. Senior Citizens
      6. By End User
        1. Corporates
        2. Individuals
        3. Other
      7. By Country 
        1. Nigeria
        2. Kenya
        3. Ghana
        4. Senegal
        5. Morocco
        6. Algeria
        7. Zimbabwe
        8. South Africa
        9. Rest of Africa
  5. Nigeria Health Insurance Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    1. Market Share & Forecast
      1. By Provider
      2. By Coverage Type
      3. By Level of Coverage
      4. By Health Insurance Plans
      5. By Demographics
      6. By End User
  6. Kenya Health Insurance Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    1. Market Share & Forecast
      1. By Provider
      2. By Coverage Type
      3. By Level of Coverage
      4. By Health Insurance Plans
      5. By Demographics
      6. By End User
  7. Ghana Health Insurance Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    1. Market Share & Forecast
      1. By Provider
      2. By Coverage Type
      3. By Level of Coverage
      4. By Health Insurance Plans
      5. By Demographics
      6. By End User
  8. Senegal Health Insurance Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    1. Market Share & Forecast
      1. By Provider
      2. By Coverage Type
      3. By Level of Coverage
      4. By Health Insurance Plans
      5. By Demographics
      6. By End User
  9. Morocco Health Insurance Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    1. Market Share & Forecast
      1. By Provider
      2. By Coverage Type
      3. By Level of Coverage
      4. By Health Insurance Plans
      5. By Demographics
      6. By End User
  10. Algeria Health Insurance Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    1. Market Share & Forecast
      1. By Provider
      2. By Coverage Type
      3. By Level of Coverage 
      4. By Health Insurance Plans
      5. By Demographics
      6. By End User             
  11. Zimbabwe Health Insurance Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    1. Market Share & Forecast
      1. By Provider
      2. By Coverage Type
      3. By Level of Coverage
      4. By Health Insurance Plans
      5. By Demographics
      6. By End User
  12. South Africa Health Insurance Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    1. Market Share & Forecast
      1. By Provider
      2. By Coverage Type
      3. By Level of Coverage
      4. By Health Insurance Plans
      5. By Demographics
      6. By End User
  13. Rest of Africa Health Insurance Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    1. Market Share & Forecast
      1. By Provider
      2. By Coverage Type
      3. By Level of Coverage
      4. By Health Insurance Plans
      5. By Demographics
      6. By End User
  14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Africa Health Insurance Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
  15. Impact of Covid-19 on Africa Health Insurance Market
  16. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)
    1. Sanlam Limited Insurance Group
    2. Old Mutual Limited
    3. Liberty General Insurance Ltd.
    4. Wafa Assurance
    5. Misr Life Insurance
    6. MAMDA & MCMA
    7. Hollard Group          
    8. AXA Insurance Morocco
    9. Leadway Assurance Company Limited
    10. Britam
    11. Metropolitan Life Insurance Company
    12. Other Prominent Players
  17. Key Strategic Recommendations
  18. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

 

*Financial in Sales operating of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

Figure 1        Africa Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 2        Africa Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 3        Africa Health Insurance Market Share, By Coverage

Figure 1

Africa Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 2

Africa Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 3

Africa Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 4

Africa Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 5

Africa Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 6

Africa Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 7

Africa Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 8

Africa Health Insurance Market Share, By Country, By Value, 2019–2029

Figure 9

Nigeria Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 10

Nigeria Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 11

Nigeria Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 12

Nigeria Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 13

Nigeria Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 14

Nigeria Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 15

Nigeria Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 16

Kenya Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 17

Kenya Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 18

Kenya Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 19

Kenya Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 20

Kenya Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 21

Kenya Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 22

Kenya Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 23

Ghana Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 24

Ghana Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 25

Ghana Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 26

Ghana Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 27

Ghana Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 28

Ghana Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 29

Ghana Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 30

Senegal Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 31

Senegal Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 32

Senegal Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 33

Senegal Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 34

Senegal Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 35

Senegal Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 36

Senegal Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 37

Morocco Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 38

Morocco Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 39

Morocco Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 40

Morocco Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 41

Morocco Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 42

Morocco Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 43

Morocco Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 44

Algeria Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 45

Algeria Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 46

Algeria Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 47

Algeria Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 48

Algeria Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 49

Algeria Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 50

Algeria Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 51

Zimbabwe Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 52

Zimbabwe Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 53

Zimbabwe Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 54

Zimbabwe Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 55

Zimbabwe Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 56

Zimbabwe Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 57

Zimbabwe Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 58

South Africa Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 59

South Africa Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 60

South Africa Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 61

South Africa Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 62

South Africa Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 63

South Africa Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 64

South Africa Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 65

Rest of Africa Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 66

Rest of Africa Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 67

Rest of Africa Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 68

Rest of Africa Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 69

Rest of Africa Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 70

Rest of Africa Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 71

Rest of Africa Health Insurance Market Share, By End User, By Value, 2019–2029

 By Value, 2019–2029

Figure 4        Africa Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 5        Africa Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 6        Africa Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 7        Africa Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 8        Africa Health Insurance Market Share, By Country, By Value, 2019–2029

Figure 9        Nigeria Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 10       Nigeria Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 11       Nigeria Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 12       Nigeria Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 13       Nigeria Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 14       Nigeria Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 15       Nigeria Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 16       Kenya Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 17       Kenya Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 18       Kenya Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 19       Kenya Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 20       Kenya Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 21       Kenya Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 22       Kenya Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 23       Ghana Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 24       Ghana Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 25       Ghana Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 26       Ghana Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 27       Ghana Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 28       Ghana Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 29       Ghana Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 30       Senegal Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 31       Senegal Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 32       Senegal Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 33       Senegal Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 34       Senegal Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 35       Senegal Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 36       Senegal Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 37       Morocco Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 38       Morocco Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 39       Morocco Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 40       Morocco Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 41       Morocco Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 42       Morocco Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 43       Morocco Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 44       Algeria Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 45       Algeria Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 46       Algeria Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 47       Algeria Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 48       Algeria Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 49       Algeria Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 50       Algeria Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 51       Zimbabwe Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 52       Zimbabwe Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 53       Zimbabwe Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 54       Zimbabwe Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 55       Zimbabwe Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 56       Zimbabwe Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 57       Zimbabwe Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 58       South Africa Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 59       South Africa Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 60       South Africa Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029  

Figure 61       South Africa Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 62       South Africa Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 63       South Africa Health Insurance Market Share, By End User, By Value, 2019–2029

Figure 64       South Africa Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 65       Rest of Africa Health Insurance Market Size, By Value (USD Million), 2019–2029

Figure 66       Rest of Africa Health Insurance Market Share, By Provider, By Value, 2019–2029

Figure 67       Rest of Africa Health Insurance Market Share, By Coverage Provider, By Value, 2019–2029

Figure 68       Rest of Africa Health Insurance Market Share, By Level of Coverage, By Value, 2019–2029

Figure 69       Rest of Africa Health Insurance Market Share, By Health Insurance Plans, By Value, 2019–2029

Figure 70       Rest of Africa Health Insurance Market Share, By Demographics, By Value, 2019–2029

Figure 71       Rest of Africa Health Insurance Market Share, By End User, By Value, 2019–2029

 

List of Tables

Table 1         Africa Health Insurance Market Size, By Provider, By Value, 2019–2029                             

Table 2         Africa Health Insurance Market Size, By Coverage Provider, By Value, 2019–2029                        

Table 3         Africa Health Insurance Market Size, By Level of Coverage, By Value, 2019–2029                         

Table 4         Africa Health Insurance Market Size, By Health Insurance Plans, By Value, 2019–2029                         

Table 5         Africa Health Insurance Market Size, By Demographics, By Value, 2019–2029                     

Table 6         Africa Health Insurance Market Size, By End User, By Value, 2019–2029                            

Table 7         Africa Health Insurance Market Size, By Country, By Value, 2019–2029                   

Table 8         Nigeria Health Insurance Market Size, By Value (USD Million), 2019–2029                          

Table 9         Nigeria Health Insurance Market Size, By Provider, By Value, 2019–2029                           

Table 10        Nigeria Health Insurance Market Size, By Coverage Provider, By Value, 2019–2029                      

Table 11        Nigeria Health Insurance Market Size, By Level of Coverage, By Value, 2019–2029                       

Table 12        Nigeria Health Insurance Market Size, By Health Insurance Plans, By Value, 2019–2029                            

Table 13        Nigeria Health Insurance Market Size, By Demographics, By Value, 2019–2029                            

Table 14        Nigeria Health Insurance Market Size, By End User, By Value, 2019–2029                          

Table 15        Kenya Health Insurance Market Size, By Value (USD Million), 2019–2029                           

Table 16        Kenya Health Insurance Market Size, By Provider, By Value, 2019–2029                            

Table 17        Kenya Health Insurance Market Size, By Coverage Provider, By Value, 2019–2029                        

Table 18        Kenya Health Insurance Market Size, By Level of Coverage, By Value, 2019–2029                        

Table 19        Kenya Health Insurance Market Size, By Health Insurance Plans, By Value, 2019–2029                         

Table 20        Kenya Health Insurance Market Size, By Demographics, By Value, 2019–2029                    

Table 21        Kenya Health Insurance Market Size, By End User, By Value, 2019–2029                           

Table 22        Ghana Health Insurance Market Size, By Value (USD Million), 2019–2029                           

Table 23        Ghana Health Insurance Market Size, By Provider, By Value, 2019–2029                            

Table 24        Ghana Health Insurance Market Size, By Coverage Provider, By Value, 2019–2029                       

Table 25        Ghana Health Insurance Market Size, By Level of Coverage, By Value, 2019–2029                        

Table 26        Ghana Health Insurance Market Size, By Health Insurance Plans, By Value, 2019–2029                        

Table 27        Ghana Health Insurance Market Size, By Demographics, By Value, 2019–2029                    

Table 28        Ghana Health Insurance Market Size, By End User, By Value, 2019–2029                           

Table 29        Senegal Health Insurance Market Size, By Value (USD Million), 2019–2029                        

Table 30        Senegal Health Insurance Market Size, By Provider, By Value, 2019–2029                          

Table 31        Senegal Health Insurance Market Size, By Coverage Provider, By Value, 2019–2029                     

Table 32        Senegal Health Insurance Market Size, By Level of Coverage, By Value, 2019–2029                      

Table 33        Senegal Health Insurance Market Size, By Health Insurance Plans, By Value, 2019-2030                            

Table 34        Senegal Health Insurance Market Size, By Demographics, By Value, 2019-2031                           

Table 35        Senegal Health Insurance Market Size, By End User, By Value, 2019-2032                         

Table 36        Morocco Health Insurance Market Size, By Value (USD Million), 2019–2029                        

Table 37        Morocco Health Insurance Market Size, By Provider, By Value, 2019–2029                         

Table 38        Morocco Health Insurance Market Size, By Coverage Provider, By Value, 2019–2029                     

Table 39        Morocco Health Insurance Market Size, By Level of Coverage, By Value, 2019–2029                      

Table 40        Morocco Health Insurance Market Size, By Health Insurance Plans, By Value, 2019–2029                            

Table 41        Morocco Health Insurance Market Size, By Demographics, By Value, 2019–2029                          

Table 42        Morocco Health Insurance Market Size, By End User, By Value, 2019–2029                        

Table 43        Algeria Health Insurance Market Size, By Value (USD Million), 2019–2029                          

Table 44        Algeria Health Insurance Market Size, By Provider, By Value, 2019–2029                           

Table 45        Algeria Health Insurance Market Size, By Coverage Provider, By Value, 2019–2029                       

Table 46        Algeria Health Insurance Market Size, By Level of Coverage, By Value, 2019–2029                       

Table 47        Algeria Health Insurance Market Size, By Health Insurance Plans, By Value, 2019–2029                        

Table 48        Algeria Health Insurance Market Size, By Demographics, By Value, 2019–2029                            

Table 49        Algeria Health Insurance Market Size, By End User, By Value, 2019–2029                          

Table 50        Zimbabwe Health Insurance Market Size, By Value (USD Million), 2019–2029                     

Table 51        Zimbabwe Health Insurance Market Size, By Provider, By Value, 2019–2029                       

Table 52        Zimbabwe Health Insurance Market Size, By Coverage Provider, By Value, 2019–2029                         

Table 53        Zimbabwe Health Insurance Market Size, By Level of Coverage, By Value, 2019–2029                          

Table 54        Zimbabwe Health Insurance Market Size, By Health Insurance Plans, By Value, 2019–2029                            

Table 55        Zimbabwe Health Insurance Market Size, By Demographics, By Value, 2019–2029                        

Table 56        Zimbabwe Health Insurance Market Size, By End User, By Value, 2019–2029                      

Table 57        South Africa Health Insurance Market Size, By Value (USD Million), 2019–2029                            

Table 58        South Africa Health Insurance Market Size, By Provider, By Value, 2019–2029                    

Table 59        South Africa Health Insurance Market Size, By Coverage Provider, By Value, 2019–2029                            

Table 60        South Africa Health Insurance Market Size, By Health Insurance Plans, By Value, 2019–2029                     

Table 61        South Africa Health Insurance Market Size, By Demographics, By Value, 2019–2029                     

Table 62        South Africa Health Insurance Market Size, By End User, By Value, 2019–2029                            

Table 63        South Africa Health Insurance Market Size, By Level of Coverage, By Value, 2019–2029                            

Table 64        Rest of Africa Health Insurance Market Size, By Value (USD Million), 2019–2029                          

Table 65        Rest of Africa Health Insurance Market Size, By Provider, By Value, 2019–2029                            

Table 66        Rest of Africa Health Insurance Market Size, By Coverage Provider, By Value, 2019–2029                            

Table 67        Rest of Africa Health Insurance Market Size, By Level of Coverage, By Value, 2019–2029                            

Table 68        Rest of Africa Health Insurance Market Size, By Health Insurance Plans, By Value, 2019–2029                     

Table 69        Rest of Africa Health Insurance Market Size, By Demographics, By Value, 2019–2029                    

Table 70        Rest of Africa Health Insurance Market Size, By End User, By Value, 2019–2029                           

Table 71        Nigeria Railway Construction Corporation Limited Company Overview                     

Table 72        Nigeria Railway Construction Corporation Limited Financial Overview                      

Table 73        Sanlam Limited Insurance Group Company Overview                        

Table 74        Sanlam Limited Insurance Group Financial Overview                         

Table 75        Old Mutual Limited Company Overview                        

Table 76        Old Mutual Limited Financial Overview                         

Table 77        Liberty General Insurance Ltd. Company Overview                           

Table 78        Liberty General Insurance Ltd. Financial Overview                   

Table 79        Wafa Assurance Company Overview                            

Table 80        Wafa Assurance Financial Overview                   

Table 81        Misr Life Insurance   Company Overview                      

Table 82        Misr Life Insurance   Financial Overview                       

Table 83        MAMDA & MCMA Company Overview                           

Table 84        MAMDA & MCMA Financial Overview                            

Table 85        Hollard Group Company Overview                     

Table 86        Hollard Group Financial Overview                      

Table 87        AXA Insurance Morocco Company Overview                           

Table 88        AXA Insurance Morocco Financial Overview                            

Table 89        Leadway Assurance Company Limited Company Overview                           

Table 90        Leadway Assurance Company Limited Financial Overview                  

Table 91        Britam Company Overview                     

Table 92        Britam Financial Overview                      

Table 93        Metropolitan Life Insurance Company Overview                      

Table 94        Metropolitan Life Insurance Company Financial Overview                   

                       

                                               

Market Segmentation

By Provider

  • Public

  • Private

By Coverage Type

  • Life Insurance

  • Term Insurance

By Level of Coverage

  • Bronze

  • Silver

  • Gold

  • Platinum

By Health Insurance Plans

  • Point of Service (POS)

  • Exclusive Provider Organization (EPOS)

  • Indemnity Health Insurance, Health Savings Account (HSA)

  • Qualified Small Employer Health Reimbursement Arrangements (QSEHRAS)

  • Preferred Provider Organization (PPO)

  • Health Maintenance Organization (HMO)

  • Others

By Demographics

  • Adults

  • Minors

  • Senior Citizens

By End User

  • Corporates

  • Individuals

  • Other

By Country

  • Nigeria

  • Kenya

  • Ghana

  • Senegal

  • Morocco

  • Algeria

  • Zimbabwe

  • South Africa

  • Rest of Africa

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Frequently Asked Questions (FAQs):

Ans: Africa Health Insurance Market size is estimated to grow at a CAGR of 6.50% during the forecast period between 2023 and 2029.
Ans: Major factors driving the growth of Africa Health Insurance Market include rising medical service costs, an increase in the number of daycare procedures, the benefits of health insurance policies, rising healthcare expenditure, and government assistance.
Ans: The public segment accounts for a higher market share in the Africa Health Insurance Market.
Ans: The adult segment holds the highest market share in the Africa Health Insurance Market by demographics.
Ans: Key players in Africa Health Insurance Market include Sanlam Limited Insurance Group, Old Mutual Limited, Liberty General Insurance Ltd., Wafa Assurance, Misr Life Insurance, MAMDA & MCMA, Hollard Group, AXA Insurance Morocco, Leadway Assurance Company Limited, Britam, and Metropolitan Life Insurance Company.
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