Top 10 Insurance companies in South Africa 2024 -Ranking

Top 10 Insurance companies in South AfricaTop 10 Insurance companies in South Africa

Top 10 Insurance companies in South Africa

Discover the top 10 insurance companies in South Africa, offering comprehensive coverage to protect what matters most to you. From health and life insurance to auto and home policies, these trusted providers are committed to delivering peace of mind with tailored solutions. Explore South Africa’s leading insurance firms to secure your future and safeguard your assets

 

Top 10 Insurance Companies in South Africa

Santam is the leading general insurer in South Africa with a market share of more than 22%. We provide a diverse range of general insurance products and services in southern Africa and internationally through a network of 2 700 intermediaries and direct channels. We serve more than 1 million policyholders who range from individuals to commercial and specialist business owners and institutions.

Santam’s commitment to its policyholders and clients is captured in the brand promise, Insurance good and proper, which emphasises responsible and ethical insurance.

The five business units are:

Santam Personal

Santam Commercial

Santam Specialist

MiWay

Santam RE

Products

Personal

Commercial

Specialist

Agriculture

Contact no:: +27 21 915 7000

Address:Sportica Cres, Bellville Park, Cape Town, 7530, South Africa

Website:https://www.santam.co.za/

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2.Hollard Insurance Company

 

Contact no: +27 11 351 5000

Address: 22 Oxford Rd, Parktown, Johannesburg, 2193, South Africa

Website:https://www.hollard.co.za/

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3.Lombard Insurance Company Limited

Lombard Insurance Company Limited, started in 1990 by the visionary George Lombard as a niche insurer operating specifically in guarantee markets, has developed into a multifaceted business that provides diversified insurance and related solutions to the business market.

Lombard values the entrepreneurial spirit – it’s how we started in 1990 and how we’ve grown our businesses. Finding unique offerings and solutions, reacting to situations at critical moments, changes in the market and new opportunities – even in and from the most unexpected places and businesses – is core to what makes us leaders in specialist insurance.

Contact no:+27 11 551 0600

Address: 4th Floor, 22 Wellington Rd, Parktown, Johannesburg, 2193, South Africa

Website:https://www.lombardins.com/

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4.Safire Insurance Company Limited

The history of Safire Insurance Company Limited dates back to 1987. At the time, catastrophic fires across the world had sent the price of timber insurance sky high.

A local timber grower, Bailey Bekker, realised how unfair it was that low risk private timber growers in South Africa were expected to pay more because of losses incurred by higher risk growers both locally and abroad. After managing to source reinsurance support from underwriting syndicates at the renowned Lloyds of London, he and other timber farmers set up an innovative timber insurance co-operative, an impressive feat in what was a very difficult market.

Three timber growing co-operatives, NCT, TWK and LK, put up limited guarantees to back the insurance co-operative’s pool.

Safire issued its first plantation insurance certificates on 1 May 1987 in the name of the Central Timber Fire Protection Co-operative Limited. The founding directors were Bailey Bekker, Doug Crowe, Peter Lorenz, Stuart McMurray, Dave Dobson, David Earl and Reg Niebuhr.

Contact no:+27 33 264 8500

Address:Safire House Redlands Estate, 1 George MacFarlane Lane, Wembley Pietermartizburg, 3201, South Africa

Website:http://www.safireinsurance.com/

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5.CompareGuru

CompareGuru is about to become your favourite online insurance comparison platform. We provide fast, safe and free side-by-side quotes on insurance products to cover you, your family and your belongings. Vehicle insurance, Life insurance, Building Insurance, Household Insurance and more – no matter your needs, we’ve got a friendly Guru to guide you.

Insurance

Car Insurance

Building Insurance

Household Insurance

Life Insurance

Disability Insurance

Serious Illness Insurance

Domestic Worker Insurance

All Risk Insurance

Funeral Insurance

MotorVaps

Commercial Insurance

Commercial Vehicle Insurance

Directors and Officers Liability Insurance

Errors and Omissions Liability Insurance

Gap Cover

Contact no: +27 21 202 6367

Address: 2 Fir Street 1st Floor, Block B, Black River Park, Observatory, Cape Town, 7925, South Africa

Website:https://compareguru.co.za/

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6.OUTsurance Centurion

OUTsurance pioneered the concept of money back for remaining claim-free! Since then we’ve paid out over R3 billion in cash OUTbonuses and saved consumers hundreds of millions of rands in premiums. Today OUTsurance is renowned for its innovative value-for-money products, world-class service and paying over R1m per day in OUTbonuses on average. Our journey of innovation continues – so watch OUT.

Insure your businessInsure your business

Business insurance

Fleet insurance

Agricultural insurance

Engineering insurance

Motor traders insurance

Hospitality insurance

Contact no:27 860 060 009

Address:1241 Embankment Rd, Zwartkop, Centurion, 0157, South Africa

Website:http://www.outsurance.co.za/

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7.Renasa Insurance Company Limited

Between 2017 and 2019 the Financial Intermediaries Association (“FIA”) has twice judged Renasa to be the Commercial Insurer of the Year and twice judged Renasa to be the Personal Lines Insurer of the Year. On two occasions, once in the Commercial category and once in the Personal Lines category, Renasa has been a finalist in the FIA’s awards. Of the maximum potential of six awards for which Renasa was eligible between 2017 and 2019, Renasa has ranked ahead of all its competitors on five occasions. The surveys on which the awards are based are both independent and robust and judges insurers on equal footing in open company. Renasa’s performance in these awards emphatically confirms Renasa’s position among the industry’s leading insurers and its coming of age.

Contact no: +27 11 380 3080

Address:170 Oxford Rd, Melrose, Johannesburg, 2196, South Africa

Website:https://www.renasa.co.za/

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8.Prime Meridian Direct Car Insurance

PMD is a direct marketing financial services business focussed on personal lines products in the motor, life and health insurance markets. Based in the heart of Bryanston and overlooking the Sandton skyline, PMD operates from a modern and capacious head office that is centrally well-located but conveniently detached from the traffic and congestion of the Sandton CBD.

Contact no:+27 11 745 7800

Address: Prime Meridian House, Bryanston Gate, 170 Curzon Road, Bryanston, Johannesburg, 2021, South Africa

Website:http://www.prime.co.za/

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9.1Life Insurance

At 1Life Insurance we believe that insurance has the power to change lives with a 1-to-1. It starts with 1 conversation to put together the plan that’s perfect for you. From life cover to disability, dread disease and funeral cover, we’ll put together the plan that helps you create a future your loved ones will benefit from.

All our products are only 1 conversation away with a skilled 1Life adviser. We also offer a financial needs analysis to our clients to ensure that they are getting the plan that’s tailor-made to their needs. Find out more about 1Life – South Africa’s number 1 direct life insurer for 10 years running.

Contact no:+27 860 105 340

Address:1 Telesure Ln, Dainfern, Midrand, 2191, South Africa

Website:https://www.1life.co.za/

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10.Bryte Insurance Company Limited

Bryte Insurance Company Limited is the premier, proactive commercial risk specialist in Southern Africa. Applying our unparalleled sector insights, proven expertise and foresight, we partner with customers and brokers to protect their businesses and improve their risk profile across the continent.

Our short-term insurance risk management solutions are developed from deep sector knowledge, a future-fit focus and our commitment to service excellence. The Bryte Insurance Company brand may be new, but it retains the benefit of the incumbent infrastructure, products and management team. We are proud of what has been accomplished by this team in recent years and look forward to building further on our strong foundation of an established, successful insurance heritage and an invested partnership model.

Contact no:+27 11 370 9111

Address:: 15 Marshall St, Ferreiras Dorp, Johannesburg, 2001, South Africa

Website:https://www.brytesa.com/

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Bhanu Garg: