A peculiarity of the insurance industry in South Africa is that the premiums collected are comparatively higher than the people’s income. The Insurance industry in South Africa can be divided into two categories: short term and long term.
The Registrar of the Financial Services Board has been acting as the regulatory body in the Insurance Business in South Africa.
South Africa Insurance Companies:
Insurance Companies in South Africa include both life insurance and non-life insurance on the basis of their gross written premiums:
South Africa Life Insurance Companies:
Old Mutual Insurance
Liberty Group Insurance
BoE Life Insurance
South Africa Non-Life Insurance Companies:
Mutual & Federal Insurance
S A Eagle Insurance
Satam Risk Insurance
Auto & General Insurance