Market Report, "Life Insurance in South Africa, Key Trends and Opportunities to 2017", Published
The South African insurance industry is the largest in Africa, and the country's life insurance segment accounted for around 78.6% of the continent's total gross written premium for life insurance in 2012. The growth in the South African life segment can be attributed to stable GDP growth, the rising disposable incomes of the middle-class population, and the rapid expansion of financial services in rural areas, leading to a rise in awareness levels. High crime rates and levels of HIV, along...
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