List of Insurance Companies in South Africa

Sanlam:  Based in Bellville, Cape Town, Sanlam is one of the biggest internationally active insurance groups globally. In October 2018, Sanlam became the largest insurer across the African continent following its $1.05 billion (R15.37bn) purchase of shares in Moroccan insurance group – Saham.

  •    best insurance with high Old Mutual: Old Mutual offers a wide range of affordable and comprehensive insurance, investment and corporate solutions as well as financial advice. Founded in 1845, Old Mutual Limited is now a pan-African investment, savings, insurance, and banking group.

    Santam: Recognised as the largest short-term insurance company in South Africa – enjoying a 20% market share, Santam was founded in 1918. They offer everything – car, home, life and business insurance, as well as medical insurance.

Outsurance: OUTsurance Holdings Limited, commonly referred to as OUTsurance, is a subsidiary of Rand Merchant Investment Holdings, a South African based financial services investment holding company.  Their famous OUTBonus rewards clients with a cashback, provided they have not claimed for a certain period of time.

Discovery: Established in 1992, Discovery offers a range of products including medical aid administration, life insurance, credit cards and investments, underpinned with its internationally-recognised Vitality rewards. Discovery’s health insurance is reputedly in a league of its own.

Hollard: The Hollard Group is a privately owned insurance group based in South Africa that operates under two insurance licences: short term and life.

Liberty: Liberty was founded in 1957. Today, it has a presence in 18 African countries and has grown from being a South African life insurer to a pan-African financial services company, offering asset management, investment, insurance and health products.

MiWay: MiWay was launched in 2008 as an initiative between Santam, Sanlam and PSG. MiWay Insurance was the first South African-based direct insurance company to offer the purchase and administration of short-term insurance policies online. It aims to provide affordable car insurance and home insurance.

Budget: Budget Insurance is one of South Africa`s top direct insurance companies offering car and home insurance, business insurance and accident insurance.

King Price: King Price Insurance is a South African based, privately held insurance company that offers short term insurance. The company is best known for its monthly decreasing car insurance premium model. One of their most attractive products is their R1 insurance, which claims to cover smaller valuable for as little as R1 per month!

1st For Women: 1st for Women Insurance is a brand tailor-made for South African women. Established in 2004, 1st For Women offers lower insurance premiums and other benefits for women in South Africa.

Affinity Health: Established in 2011 with a goal to capture the opportunities in the health insurance market and offer affordable private health care to all South Africans, Affinity Health is a specialised supplier of long-term health insurance products.

The Rest Of Insurance Company

1Life,  AA Car Insurance, ABSA, Clientele,  AIG,  Alexander Forbes, AllLIFE,  Assupol,  Auto & General,  Avbob,
Bidvest, Capitec,  Dialdirect,  Doves Funeral, FNB,  IWyze, Legalwise, Momentum and Standard Bank Insurance.

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2 thoughts on “List of Insurance Companies in South Africa

  1. I would like to get a loan to expand my small business and create job opportunities for those who would need it.i have started arts and crafts and people loves my work the only thing i need it’s money to buy equipment and materials

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