What is Insurance Companies?
A company that creates insurance products to take on risks in return for the payment of premiums.
Companies may be mutual (owned by a group of policyholders) or proprietary (owned by shareholders). (Also known as insurer or provider).
List Of All Insurance Companies In South Africa
1. Sanlam Insurance
2. Hollard Insurance
3. Discovery Insurance Limited – South Africa
4. Old Mutual Insurance – SA
5. King Price Insurance
6. OUTsurance Holdings Limited
7. ABSA Insurance Company
8. Guard Risk Insurance In South Africa
List Of Other Top Insurance Companies In South Africa
These are the list of other insurers in South Africa in 2021:
9. 1 Life Direct Insurance
10. Santan Insurance
11. Zurich Insurance Company
12. AIG Insurance Company
13. Bidvest Insurance
14. MiWay Insurance
15. Standard Insurance
16. Metropolitan Life
17. Clientele Life
18. Liberty Mutual Insurance
19. WES Bank Insurance
20. Momentum Investments Insurance
21. Alexander Forbes Group Holdings
22. MMI Holdings Limited
23. MMT Holdings Limited
24. Different Life Insurance
25. Assupol Life
26. Allan Gray Life
27. Professional Provident Society (PPS)
28. Capital Alliance
29. Avbob Mutual Assurance
30. PinnAfrica Insurance Regent Life Assurance
31. Sage Life Rentmeester Life Insurance
Who is the number 1 insurance company in South Africa?
| # | Insurer | 2019 | 2020 | Change |
|---|---|---|---|---|
| 1 | OUTsurance | 81.5 | 82.3 | +0.8 |
| 2 | Virseker | 83.2 | 81.7 | -1.5 |
| 3 | Old Mutual Insure | 81.2 | 81.3 | +0.1 |
| 4 | Momentum | 77.8 | 81.2 | +3.4 |
| Industry average | 80.0 | 79.9 | -0.1 | |
| 5 | Santam | 79.7 | 79.5 | -0.2 |
| 6 | Discovery | 76.2 | 78.8 | +2.2 |
| 7 | Auto & General | 78.4 | 75.1 | -3.3 |
What is the oldest insurance company in South Africa?
Who we are. Our Group was established in Cape Town in 1845 as South Africa’s first mutual life insurance company, offering financial security in uncertain times.