What are Insurance Companies?
Insurance corporations are financial intermediaries which offer direct insurance or reinsurance services, providing financial protection from possible hazards in the future.
How Many Insurance Companies In South Africa?
Get access to Lusha’s database of business leads from Insurance companies in South Africa.
495 companies are listed in our database.
How many life insurers are there in South Africa?
According to the Prudential Authority statistics published for the period ended 31 March 2021, there are sixty primary life insurers, five life cell insurers, and two microinsurers.
Who is the biggest insurer in South Africa?
Sanlam. Sanlam is the leading insurance company in South Africa and has been providing comprehensive insurance coverage for over a century. They offer a wide range of products, including life, funeral, car, and home insurance.
What is the oldest insurance company in South Africa?
The oldest insurance company in South Africa, Old Mutual Insure has a history that dates back more than 178 years.
Who regulates insurance in South Africa?
Short-term insurance is regulated by the Financial Services Board (registrar of Insurance) (FSB) under the Short-term Insurance Act, 1998 (STIA) for indemnity insurance. Long-term insurance is regulated through the Long-term Insurance Act, 1998 (LTIA) for life and investment products.
Is the insurance industry growing in South Africa?
In the last week, Insurance has been flat. As for the longer term, the industry is up 22% over the past 12 months. Earnings are forecast to grow by 17% annually.