Africa’s insurance landscape continues to grow, with key players dominating the market for home and infrastructure coverage. Here are the top three insurance brokers making significant impacts across the continent:
- KEK Insurance Brokers
lEstablished in 1985, KEK Insurance Brokers operates in Ghana, Sierra Leone, and Liberia.
The company provides life and non-life insurance broking services, as well as risk management consultancy for businesses and individuals.
KEK Insurance Brokers is a leader in Ghana’s insurance sector, holding a 15.4% market share as of 2022, with commissions totaling GH¢37.355 million. The firm’s excellence was recognized when it ranked 34th in the Ghana Investment Promotion Centre’s Club 100, becoming the highest-ranked insurance company in the country. KEK’s reputation is built on its consistent delivery of tailored insurance solutions, particularly for homes and large infrastructure projects.
- Hollard Group
Founded in 1980 in South Africa, Hollard Group is a privately owned insurance company with a global footprint spanning countries such as Namibia, Mozambique, Botswana, Australia, India, Pakistan, China, Ghana, and the United Kingdom.
Hollard operates under both short-term and life insurance licenses, offering innovative solutions like prepaid insurance, which can be purchased through retail stores. The company has become a household name in Africa, providing reliable coverage for property and infrastructure while focusing on customer-centric solutions that meet modern demands.
- Alexander Forbes Group Holdings
Since its inception in 1935, Alexander Forbes has established itself as a leader in financial services and insurance. Headquartered in Johannesburg, South Africa, the company provides a wide range of services, including employee benefits consulting, investment management, insurance, and wealth management.
With operations in Namibia, Botswana, and the Channel Islands, Alexander Forbes is recognized for its comprehensive insurance offerings tailored to individual and corporate needs. Its expertise in managing complex infrastructure risks has made it a trusted partner for developers and homeowners across Africa.
Conclusion
These top three brokers—KEK Insurance Brokers, Hollard Group, and Alexander Forbes Group Holdings—exemplify the dynamic growth of Africa’s insurance sector. Their focus on innovative solutions, risk management expertise, and tailored services ensures they remain pivotal in safeguarding homes and infrastructure across the continent.