Non-life insurance industry grows by 16.6%

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.