Non-life insurance industry grows by 16.6%

Former Tshwane Mayor Cilliers Brink. 
Zizi Kodwa and Jehan Mackay appear at the Palm Ridge Magistrate’s Court.
South Africa, Durban. Seafront.
JOHANNESBURG – The insurance market is faring much better in 2024 than it did a few years ago.
According to KPMG’s annual South African Insurance Industry Survey, the country’s non-life insurance industry saw growth of 16.6% in IFRS 4 gross written premium and 7.9% growth in IFRS 17 insurance revenue.
eNCA’s Gareth Edwards spoke to Derek Vice from KPMG South Africa.