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Non-life insurance industry grows by 16.6%

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JOHANNESBURG – The insurance market is faring much better in 2024 than it did a few years ago.
According to KPMG’s annual South African Insurance Industry Survey, the country’s non-life insurance industry saw growth of 16.6% in IFRS 4 gross written premium and 7.9% growth in IFRS 17 insurance revenue.
eNCA’s Gareth Edwards spoke to Derek Vice from KPMG South Africa.

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