Top 10 Best Insurance Companies in Africa 2025

Africa is a continent with the youngest population according to the United Nations. With a growing population and an increased life expectancy, one of the pressing needs in Africa is a solid insurance system. Insurance plays a crucial role in financial planning and risk management, offering protection against unforeseen circumstances. Africa’s insurance sector has grown […]

Insurance plays a crucial role in financial planning and risk management, offering protection against unforeseen circumstances. Africa’s insurance sector has grown significantly, with many companies providing comprehensive coverage in life, health, property, and business insurance.

In this article, glusea bring to you the top 10 best insurance companies in Africa in 2025

Top 10 Best Insurance Companies in Africa 2025

1. Sanlam (South Africa)

Taking the number one spot on our list of the top 10 best insurance companies in Africa 2025 is Sanlam in South Africa.

Sanlam is one of the largest insurance companies in Africa, with a presence in over 30 countries. Headquartered in South Africa, it offers life insurance, health insurance, investment solutions, and general insurance. Sanlam is known for its strong financial backing and customer-centric services.

2. Old Mutual (South Africa)

Old Mutual has been a trusted name in the African insurance market for over a century. With operations in several African countries, it provides life insurance, savings, investment, and retirement solutions. Old Mutual’s financial strength and history of reliability make it a top choice.

Old Mutual has presence in Zimbabwe, Namibia, Botswana among others.

3. Allianz Africa

Allianz, a global insurance giant, has a strong presence in Africa through its subsidiaries in multiple countries, including Ghana, Kenya, and Nigeria. It provides diverse insurance products, including life, health, travel, and corporate insurance, with a reputation for excellent customer service.

4. Jubilee Insurance (Kenya)

Jubilee Insurance is East Africa’s leading insurance provider, operating in Kenya, Uganda, Tanzania, Burundi, and Mauritius. It specializes in life, health, and general insurance, offering tailored solutions for individuals and businesses. Its strong customer support and innovation set it apart.

5. AXA Mansard (Nigeria)

AXA Mansard, a subsidiary of the global AXA Group, is a leading insurance provider in Nigeria. It offers a variety of services, including health insurance, motor insurance, and investment-linked insurance. The company is known for its cutting-edge digital solutions and customer-focused services.

6. Hollard Insurance (South Africa & Ghana)

Hollard is a fast-growing insurance brand with a strong presence in South Africa and Ghana. It provides general and life insurance products designed to meet diverse customer needs. Hollard is recognized for its innovative products and strong partnerships with local businesses.

7. Britam (Kenya)

British-American Insurance Company (Britam) is a top financial services group in Kenya, offering insurance, investment, and asset management services. Its commitment to innovation and customer satisfaction makes it a preferred choice for many individuals and businesses.

8. Metropolitan Life Insurance (South Africa & Namibia)

Metropolitan Life has a strong footprint in Southern Africa, providing life insurance, retirement planning, and investment products. It focuses on financial inclusion, offering affordable insurance plans for a broad customer base.

9. Saham Assurance (Morocco & Francophone Africa)

Saham Assurance, part of the Sanlam Group, is a major player in North and Francophone Africa. It offers motor, health, property, and life insurance solutions, known for its excellent claims handling and customer service.

10. Leadway Assurance (Nigeria)

Leadway Assurance is one of Nigeria’s most respected insurance companies, with a strong reputation in life and general insurance. It stands out for its swift claims processing and commitment to customer satisfaction.

Choosing the Right Insurance Company in Africa

When selecting an insurance provider, consider factors such as:

Financial Strength: A company with strong financial backing is more reliable in settling claims.
Customer Reviews: Look for positive feedback on claims settlement and customer support.
Range of Products: Choose a provider that offers coverage suited to your needs.
Regulatory Compliance: Ensure the company is licensed and regulated in its operating country.

Final Thoughts

Africa’s insurance sector is thriving, with many reputable companies offering quality services. Whether you need life, health, or general insurance, choosing a trusted provider ensures financial security and peace of mind. The companies listed above are among the best in Africa, recognized for their reliability, customer service, and innovation.

By carefully selecting an insurance company that aligns with your needs, you can secure your future and protect yourself from unexpected financial burdens.

Thank you reading about the Top 10 Best Insurance Companies in Africa 2025

Source: Glusea