New Market Report: South Africa Insurance Report Q4 2014
The headwinds in the South African economy have weighed on both life and non-life insurers in 2014. However, we see the life sector as being able to ride out the storm better due to the more diversified footprint of the larger life insurance players across the whole of Africa. Over the 2015-2018 per iod, we expect total gross premiums to average 16.0% annual growth and we see the life segment outperforming the non-life segment during this period.
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