South Africa:General insurance market to exceed US$10bn by 2028

By MEIR team | 08 Apr 2024

South Africa Property & Casualty Financial Performance

The South African general insurance industry is set to grow at a compound annual growth rate (CAGR) of 4.8% to ZAR192.7bn ($10.4bn) in 2028 from ZAR159.5bn in 2024, in terms of gross written premiums (GWP), forecasts data and analytics company GlobalData.

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