South Africa's only special risk insurer, Sasria, has restored a critical layer of insurance capacity for large corporates facing escalating risks linked to civil commotion, riots, strikes, public disorder and terrorism.
South African life insurers paid claims and benefits worth ZAR626bn ($38.24bn) in 2025, which included life, disability, critical illness (CI) and income protection policies, as well as underwritten pension fund benefits, annuity payments to pensioners and endowment policy benefits.
The International Association of Insurance Supervisors (IAIS) has released two publications, marking the completion of its multi-year cycle of assessing implementation of the supervisory material of the Holistic Framework for systemic risk in the insurance sector. South Africa is among the markets assessed.
JBA Risk Management, a flood specialist, has updated its Global Flood Model, introducing enhanced hazard maps, a broad range of future climate event sets and improvements to both processing speed and exposure disaggregation.
The Momentum Group has announced that Momentum Health will be taking over the administration of Bonitas Medical Fund from 1 June.
Old Mutual has announced the appointment of Mr Roger Jardine as Chairman Designate. He will assume the chairmanship at the end of the company's Annual General Meeting to be held on 5 June 2026, subject to his confirmation as a director at the AGM.
Howden has announced leadership appointments and regional structure changes to better serve clients and insurer partners. According to a statement from the firm, these changes will more closely align expertise and shape the business to bring all of its growing capabilities and talent to clients across regional borders.
The global outlook is extremely worrying, with the bond and equity markets reacting to recent events, said Mr Paul Hanratty, the Group CEO & Executive Director of Africa's largest insurer, Sanlam, which is headquartered in Capetown.
The Sanlam group's operating earnings rose 14% year on year to ZAR8.1bn ($496m) at end-1H2025, following a strong result in 2024, notes Fitch Ratings. This was driven by general insurance (up 42%), with continued strength in life and health (up 15%) and credit and structuring (up 18%). Investment management saw a smaller increase of 8%.
The Competition Commission has recommended that the Competition Tribunal approve the proposed acquisition by Orient Victoria and KP Partners of King Price Financial Services (KPFS) and Porcupine Union, without conditions.