The South African insurance sector is solid

According to the report, “South African Insurance Industry Forecast to 2013”, South Africa has a very developed financial sector. The insurance market resisted well to the crisis, and is the most important one in the African continent (85% of premiums come from this country). Life insurance has reported a two-digit growth in these recent years. Premiums increase of the overall market has been estimated at 11% in 2009-2010.