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| Population (1) (2024) : 3 030 131 inhabitants |
| GDP (1) (2024): 13.37 billion USD |
| GDP per capita (2024): 4 413 USD |
| GDP growth rate (1) (2024): 3.7% |
| Inflation rate (1) (2024): 4.2% |
(1) Source: World Bank
Namibian insurance market: main indicators in 2024
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| Turnover | 1.061 billion USD |
| Penetration rate | 7.9% |
| Insurance density | 350.2 USD |
Namibian insurance market structure
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| Market players | Nombre |
| Non-life companies | 14 |
| Life companies | 14 |
| Reinsurance companies | 1 |
| Total | 29 |
Namibian insurance market features
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| Regulatory authority: Namibia Financial Institutions Supervisory Authority (NAMFISA) |
| Professional organization: Namibia Insurance Brokers Association |
Namibian insurance market: premium evolution
Figures in thousands USD
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| 2020 | 2021 | 2022 | 2023 | 2024 | Parts 2024 | |
| Non-life | 237 826 | 234 469 | 242 155 | 256 195 | 293 315 | 27,60% |
| Life | 646 820 | 685 943 | 648 023 | 619 628 | 767 952 | 72,40% |
| Total | 884 646 | 920 412 | 890 178 | 875 823 | 1 061 267 | 100% |
Exchange rate as at 31/12/2024: 1 NAD = 0.05333 USD ; at 31/12/2023: 1 NAD = 0.0546 USD ; at 31/12/2022: 1 NAD = 0.05884 USD ; at 31/12/2021: 1 NAD = 0.06267 USD ; at 31/12/2020: 1 NAD = 0.06823 USD
