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.