Non-Life Insurance in South Africa, Key Trends and Opportunities to 2018

Date: 2015-09

South Africa has the largest insurance industry in Africa and holds 73.0% of the continentโ€™s gross written premiums. The country accounts for 36.0% of the continents non-life insurance written premiums. Segmental growth can be attributed to stable GDP growth, the rising disposable incomes among the middle class population, the rapid expansion of financial services into rural areas, and increases in public awareness with regards to non-life insurance products.

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