Markets · South Africa
South Africa, Africa’s largest insurance market.
Supervised under its own risk-based regime, with short-term and life insurers read apart and each against its own peers.
From the platform
The market in figures
Market-wide figures, as published by the regulator and the industry body.
195%Solvency cover, market-wide, 2023
ZAR145bnShort-term premium written, 2023
Market aggregates only Aggregates only. No business is named. Read from the platform, refreshed daily.
The structure
How the South African market is organised
Short-term and life insurers are supervised apart; capacity also comes from global groups and Lloyd’s.
South African insurance
Short-term insurers
Property, motor and liability
Life insurers
Life, savings and retirement
Lloyd’s South Africa
Specialist capacity
Brokers and UMAs
Distribution
Illustrative structure Aggregates only. No business is named. Read from the platform, refreshed daily.
What we bring
Short-term and life
Each assessed against its own contemporaries.
Capital
Solvency cover under the SAM regime.
Groups and capacity
Local insurers, global groups and Lloyd’s capacity.
99.8%Verdicts correct or partial
1,078Cases validated, 187 industries
19 of 19Robustness tests passed
WeeklyEvery reading rerun
Questions
How is South African insurance supervised?
The Prudential Authority sets capital under the Solvency Assessment and Management regime; the FSCA supervises conduct.
How we work here
Other markets