https://techcrunch.com/2021/10/05/yc-backed-amenli-raises-2-3m-to-provide-insurance-to-egyptian-consumers/

The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt.

The insurance market is still one of the industries least disrupted by technology on the continent. The reasons vary, from bad experiences and poor satisfaction on the part of consumers to high distribution costs for providers.