South Africa Life Insurance Market Report Overview
Who is the biggest insurance company in South Africa?
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.
Who is the largest life insurer in South Africa?
Sanlam
In 2021, the leading insurance company in Africa in terms of revenue was Sanlam. Sanlam is a financial services group headquartered in Cape Town, South Africa.
What is the oldest insurance company in South Africa?
Old Mutual Insure
The oldest insurance company in South Africa, Old Mutual Insure has a history that dates back more than 178 years.
How big is the insurance industry in South Africa?
In 2021, the assets of insurance companies in South Africa amounted to just over 251 billion U.S. dollars – an increase of around 30 billion U.S. dollars from the previous year. Overall, the value of assets of insurance companies in South Africa has grown by approximately 200 billion U.S. dollars since 2002.
Which insurance company has the highest customer satisfaction in South Africa?
Absa Life
Absa Life surges to the top position in the satisfaction index, as the insurer with the most satisfied customers. Absa Life has emerged as the leading life insurance provider in South Africa in the Consulta South African Customer Satisfaction Index (SA-csi).