KPMG Reports Sustained Growth in South Africa's Insurance Sector
KPMG South Africa has released its Insurance Industry Survey 2025, marking over 25 years of publication.
The report analyzes the financial results of 28 non-life insurers, 16 life insurers, and four reinsurers, revealing that the sector maintained its upward trajectory through 2024 despite challenging economic conditions.
The industry continues to benefit from the strategic measures implemented in recent years, such as rate increases, cost containment measures, process efficiencies and the application of stricter underwriting principles. - Mark Danckwerts, Partner: Africa Insurance Lead at KPMG South Africa
- The survey shows that the industry built on the strong performance of 2023, with continued gains across all segments.
- This year’s edition is themed "Up in the air", capturing the complex environment in which insurers operate, balancing multiple priorities amid uncertainty.
Author's summary: KPMG reports growth in South Africa's insurance sector.
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