South Africa

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

South African Insurance Association
Web: www.sainsurance.co.za

 

POPULATION, 2011-2014 (1)

Year Population
2011 49,004,031
2012 48,810,427
2013 48,601,098
2014 48,375,645

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $506.1
2010 488.6
2011 527.5
2012 554.6
2013 595.7

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $9,565
Life premiums 44,556
Total premiums $54,121
Percent of total world premiums 1.17%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

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LEADING NONLIFE INSURANCE COMPANIES, 2012

  Gross written premiums
Company ZAR Mn USD Mn
Santam  16,527.1 2,013.1
Mutual and Federal  7,537.8 918.1
Hollard  5,566.7 678.0
Guardrisk  5,498.1 669.7
OUTsurance  5,340.7 650.5
ABSA  3,427.0 417.4
Zurich  3,403.0 414.5
Auto & General  3,152.7 384.0
Allianz Global  2,469.7 300.8
Centriq  2,208.4 269.0

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2012

  Gross written premiums
Company ZAR Mn USD Mn
Old Mutual  53,082.7 6,465.6
Sanlam  34,403.6 4,190.5
Momentum Group  33,896.0 4,128.6
Investec  33,131.2 4,035.5
Liberty Group  25,604.6 3,118.7
Coronation Life  23,679.5 2,884.2
Investment Solutions  23,555.9 2,869.2
Allan Gray Life  10,245.8 1,248.0
Metropolitan Life  9,882.0 1,203.7
Discovery Life  9,145.0 1,113.9

Source: Axco Insurance Information Services.

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