South Africa · Southern Africa · class M

Microinsurer insurance companies in South Africa

1 licensed microinsurer insurers, 1% of the 140 insurance entities supervised by the Prudential Authority (SARB) and Financial Sector Conduct Authority. Low-premium covers for low-income households and small businesses.

CompanyClassParent / groupOwnershipRegulatorVerification
NMS Insurance Services (SA)
Microinsurer
MMicroinsurerIndependentDomestic privatePA / FSCAVerified

About microinsurer insurers in South Africa

How many microinsurer insurers are licensed in South Africa?

1 of the 140 licensed insurance entities in South Africa are classified as microinsurer (1%), according to the PA / FSCA register as reflected in this directory (verified - full register).

Who regulates microinsurer insurers in South Africa?

Prudential Authority (SARB) and Financial Sector Conduct Authority (PA / FSCA), under Twin Peaks; Insurance Act 2017; SAM solvency. Official website: https://resbank.co.za.

Are the microinsurer insurers in South Africa locally or foreign owned?

0 of 1 belong to pan-African or foreign multinational groups, 0 are state-owned, and the rest are domestic private companies.

Data: /api/v1/countries/south-africa.json (filter byclass = "microinsurer"). Licence CC BY 4.0, attribute KAFS North America.