1Life Insurance is a leading South African direct life insurance company. Launched in 2006, 1Life offers affordable, simple, and convenient insurance products directly to South Africans on a mission to change lives for the better.

Since transitioning from direct life insurance throughout the years and becoming a distribution omnichannel insurer in 2013, 1Life also offers services to all categories of independent financial advisers.

1Life is the first business to offer USSD contract management services to life insurance customers as well as the first to sell life insurance to the general public directly online and through a mobile website. Furthermore, the business was the first to provide an HIV saliva test in place of a blood test.

To support its financial advisors, 1Life uses a custom digital system that allows for in-person processing and remote acceptance by electronic signature called Vantage. As a result, advisors using Vantage have a 97% success rate for coverage issued in less than 35 minutes.

The lives and views of common South Africans were altered by 1Life's debut of Truth About Money in March 2014. Truth About Money provides access to debt management services, a free online financial education course, will and legal advantages and other resources to assist South Africans take charge of their finances and build wealth for future generations.

The workforce at 1Life puts a lot of effort into bringing South Africans cutting-edge new goods. Customers without a bank account can still purchase insurance for themselves with 1Life Prepaid Funeral Insurance. Moreover, with the 1Life Pulse Life Cover, policyholders may simply make healthy lifestyle choices to boost their coverage up to R500 000 in 24 months.

Founded: 2006

Headquarters: Riverglen, Dainfern, Gauteng, South African

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

Old Mutual Limited is a pan-African insurance, investment, savings, and banking group. The business is currently headquartered in South Africa to provide grants and scholarship support at universities across South Africa.

Old Mutual was established in 1845 in South Africa as a mutual insurance company by John Fairbairn, along with a few other famous Cape Town figures, such as the liberal politician, Saul Solomon. The original name "The Mutual Life Assurance Society of the Cape of Good Hope" was changed to "The South Africa Mutual Life Assurance Society" in 1885 before changing to the current Old Mutual. In 1999, Old Mutual spun off and was listed on the London Stock Exchange and other stock exchanges. It is now listed on several Stock Exchanges, including Johannesburg, Zimbabwe, Namibian, and Botswana.

The company operates through the long-term savings business that offers life insurance, pensions, and investment products in southern Africa, Europe, Asia, and Latin America. In addition, Old Mutual's short-term insurance service is also available through Mutual & Federal in southern Africa.

Old Mutual intends to increase clients' savings and wealth through active and direct wealth management or a selection of funds and managers for clients to invest in. This wealth management is offered through five key business clusters, including Nedbank Business Banking, Nedbank Capital, Nedbank Wealth, Nedbank Corporate, and Nedbank Retail.

In addition to insurance activity, Old Mutual South Africa awards a large number of scholarships annually to excellent matriculation and actuarial students at universities in South Africa. The company also offers qualified actuary employees a partial break from school before the actuary exam, with a pay raise if they pass the exam.

Founded: 17 May 1845
Headquarters: Johannesburg, South Africa

Website: https://www.oldmutual.com/

Absa Group Limited, formerly known as Barclays Africa Group Limited, is a financial services group based in South Africa, that provides insurance services to individuals and businesses.

Absa Group Limited was formed in 1991 through the merger of two financial services groups, the United Bank of South Africa and the Allied Bank of the Souths of the Sage Group. A year later, Absa continued to buy back all shares of Bankorp Group including Trustbank, Senbank, and Bankfin. During the early years of the alliance, each business operated independently under its own name. It was not until 1998 that they were consolidated into one brand and changed to Absa Group Limited.

In 2020, Absa Group Limited is a major shareholder of 11 banks in Kenya, Botswana, Ghana, Mauritius, Seychelles, South Africa, Mozambique, Zambia Tanzania, and Uganda.

Absa Life offers its customers a full range of highly competitive life insurance products and services tailored to their needs, especially comprehensive short-term insurance to protect high-value goods.

Absa provides peace of mind to themselves and their families by protecting against unforeseen events, such as death, disability, illness, and loss of income. In addition, Absa has a Personal Banking Asset Protection Program to keep your property and wealth safe regardless of current economic market conditions.

As of early October 2019, Absa Group Limited owns assets worth US$91 billion. The Group maintains its representative offices in Nigeria, Namibia, as well as international offices in London and New York City. In 2021, Absa is rated the number one life insurer on the South African Customer Satisfaction Index (SA-CSI).

Industry: Insurance services
Founded: April 1991
Headquarters: Johannesburg, South Africa

Website: https://www.absa.africa/

King Price Insurance is a private insurance provider with headquarters in South Africa, that provides short-term insurance. This business is known for its business strategy of gradually reducing monthly auto insurance premiums.

King Price Insurance was founded in June 2012 by Gideon Galloway with initial funding from Francois van Niekerk of Mertech and Stefan van der Walt of Nikon. The company's headquarters are now located at Waterkloof Glen, Pretoria, South Africa.

King Price Insurance provides coverage on a monthly basis, with premiums decreasing in accordance with the depreciated worth of the asset. The company offers monthly short-term insurance products, covering households, buildings, specialty items, cars, trailers, caravans, and all other perils. In addition, the company also reduces the monthly auto insurance premium according to the continuously depreciated value of the insured vehicle.

Since its founding, one of the company's key differentiators is its use of advanced technology and data analytics to optimize processes and provide customers with better services and prices. King Price has entered South Africa's highly competitive insurance market with a customer-centric insurance model. This approach is seen as a business philosophy of King Price which is gaining great traction in the local insurance market. Since then, the company has expanded its personal product lines to include the insurance consumers need, established a business insurance division, and built a thriving base in Namibia.

King Price Insurance is registered as a member of the South African Insurance Crime Bureau (SAICB) and is reinsured by the reinsurer Munich RE. In 2013, King Price was honored to win two awards for Best Short-Term Insurance Company and Best New Company Overall in the 2013 South Africa Service Awards.

At Corinium's first 360 Africa Customer Awards 2019, the insurer was named the best customer experience brand in South Africa. Additionally, it also won the Best Customer Experience Award in recognition of the company's continued innovations in customer experience. Also this year, International Business Magazine recognized King Price as the SA 2019 Most Innovative Insurance Company, SA 2019 Fastest Growing Insurer, and SA 2019 Best Place to Work.

Founded: 2012
Headquarters: Waterkloof Glen, Pretoria, South Africa

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

Budget Car Insurance is one of South Africa's largest insurance companies offering car insurance products to both individuals and businesses.

The Budget Insurance company was founded in 1998 with the aim of providing fewer premiums and less budget for basic short-term coverage. The company is part of the Telesure group in South Africa, which includes Auto and General insurance, 1Life Insurance, Unity Insurance, Virseker Insurance, Dial-Direct Insurance, Ibuy Eco Insurance, Virgin Money Insurance, Prosper Insurance, and AA insurance. In addition to being a member of the Telesure Group, it is also a part of other global organizations including the BLG group and Budget Holdings Limited in Guernsey, UK.

In terms of car insurance, Budget Car Insurance will ensure the customer's vehicle is at market value, commercial value, or even retail value. The primary business of Budget is to provide a variety of coverages, including Third-Party Liability Insurance, Comprehensive Coverage, and Theft Insurance. Specifically, in the event of an accident, Third Party Liability Insurance will participate to cover any loss or injury to the insured while damage to the insured vehicle and injury to the insured. third parties covered under Comprehensive Coverage. In addition, loss or damage to the insured vehicle due to theft or attempted theft will also be covered by the company's Theft Insurance to the customer.

In addition to the above three main activities, Budget Car Insurance also has several additional types of insurance, such as Budget Auto Insurance, which provides roadside assistance, medical bills, and car rental. Customers may take advantage of a number of savings and perks from Budget Auto Insurance, including loyalty discounts on anti-theft devices and no-claim incentives. Furthermore, customers can also choose from different excesses to reduce their premium payments. For example, when a vehicle is involved in an accident or has problems on the road such as breakdowns, roadside assistance is always available to assist. In addition, emergency medical care for drivers and passengers is also covered by medical expenses. The customer will only pay for the temporary rental vehicle while the insured damaged vehicle is being repaired or replaced.

Overall, Budget Car Insurance offers South Africans a wide range of affordable and comprehensive car insurance options. It aims to provide clients with peace of mind and keep them safe on the road by offering a broad selection of coverage, extra perks, and discounts.

Founded: 1998

Headquarters: Johannesburg, Gauteng

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

Sanlam is known as a financial services group based in Bellville, Western Cape, South Africa. As one of the largest insurance companies in Africa, it is listed on multiple stock exchanges, including Johannesburg, Namibia, and A2X.

Sanlam is the market leader in insurance categories including life insurance, non-life insurance, short-term insurance, annuity, wealth management, and risk management in the South African market as well. like other countries across the African continent.

The company has extensive operations in South Africa, Namibia, Botswana, Zimbabwe, Malawi, Zambia, Tanzania, Nigeria, Mozambique, India, Malaysia, and the United Kingdom, and has business interests in the United States, Australia, and the Philippines. In addition, Sanlam also has stakes in Micro-Insurance Groups, UK-based Micro-Ensure Holdings Limited, serving approximately 10 million registered customers.

Since its founding in 1918 as a life insurance company, the Sanlam Group has since developed into a diverse provider of financial services with five key business clusters, including Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate, and Santam. With a history spanning more than a century of providing customer service insurance products, Sanlam has built a lasting brand name with industry-leading skills and expertise, as well as a high level of customer loyalty.

Founded: 1918
Headquarters: Bellville, Western Cape, South Africa

Website: https://www.sanlam.com/

Bidvest Insurance, a subsidiary of the Bidvest Group, is a licensed financial services provider in the short-term insurance market with a focus on value-added personal and vehicle insurance products. Bidvest Insurance is also known as part of the Bidvest Financial Services division of the South Africa-based Bidvest Group.

The company was founded in 1997 as part of McCarthy Motor Holdings or better known as McCarthy Insurance Services. Subsequently, in 2004, Bidvest Corporation entered into an agreement to acquire McCarthy Motor Holdings and McCarthy Insurance Services was renamed Bidvest Insurance under the Bidvest Financial Services division.

The Bidvest Insurance Group provides many different insurance products, such as commercial and personal lines, travel insurance, tire insurance, credit life, and other products relating to motor vehicles. The company's goal is to provide low-cost insurance while still preserving the best terms and benefits in every premium it quotes. Therefore, Bidvest offers affordable insurance products that most South Africans can afford. The average cost of contracts Bidvest concludes is always better value when comparing them to similar products from other South African insurers.

In accordance with Bidvest's expansion strategy of value-added acquisitions, Bidvest Insurance Group has announced that it acquired FMI, a life insurance management with a focus on income protection in 2016. As a result, Bidvest benefits from the expertise and niche products that this acquisition brings to the business. Additionally, the acquisition of Glassock & Associates, a pension fund manager with offices in Johannesburg, was also disclosed by Bidvest Insurance Group. Glassock's expertise in pensions and pension fund management has helped the company grow at a rapid pace in recent years. In addition, the addition of Bidvest Pension and Retirement Fund management as part of the acquisition expands the business scale and provides significant growth for both these well-known companies.

Founded: 1997
Headquarters: Umhlanga, KwaZulu-Natal, South Africa

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

Hollard Insurance Group is the largest private insurance group based in Johannesburg, South Africa. It comprises Hollard Insurance Company and Hollard Life Insurance Company.

The company was founded in 1980 by Robert Enthoven. The Enthoven family is, therefore, the majority holder of Hollard's shares locally through The Enthoven Family Trust (EFT) and internationally through Capricorn Ventures International (CVI). The company was originally known for its growth of selling prepaid insurance as a starter pack that resembled a cell phone service through retailers.

Hollard is known as the largest independent and private insurance company in South Africa with operations and investments in multiple countries, including Namibia, Mozambique, Botswana, Pakistan, India, China, Australia, and the United Kingdom. In 2015, Hollard Investments made a $6 million investment in OpenAgent and a $6 million investment in Huddle Insurance in 2016.

Hollard operates under two major insurance licenses, including life insurance, short-term insurance, as well as investment products, to a wide range of customers, including individual consumers, commercial institutions, and corporate clients.

Early 2014 saw the launch of Hollard Broker Markets, a business division of Hollard focused on business insurance sourced through brokers. The division was formed when Hollard agreed to acquire Etana Insurance Company, one of the fastest-growing commercial insurance companies in South Africa, and merge it with existing businesses. This acquisition strengthens Hollard's ability to offer a comprehensive range of commercial and corporate insurance products in a broker-driven market.

During the annual awards ceremony of the Financial Intermediaries Association of South Africa (FIA), Hollard Insurance received the Commercial and Corporate Insurer of the Year 2015 award.

Founded:1980
Headquarters: Johannesburg, South Africa

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

Vodacom Insurance is one of a number of services offered by Vodacom, one of the top mobile network providers in South Africa.

Vodacom entered the South African insurance market after having been awarded a long-term insurance license by the Financial Services Board (FSB). This license, together with the short-term license issued in early 2012, allows Vodacom to offer its insurance products.

Vodacom Insurance seeks to provide consumers with peace of mind by shielding clients from the expense of having to replace or repair their equipment in the case of an unplanned calamity. This service ensures that the user's mobile device or SIM card is not lost, damaged, or stolen. Therefore, by getting Vodacom Insurance, you can safeguard your investment and maintain connectivity even if your device or SIM card is lost or destroyed.

Vodacom offers a lifetime insurance plan of up to R1.5 million accompanied by a suitable insurance cost of just R100 per month. However, this premium will depend entirely on your coverage amount and risk profile, and even these premiums may change as your needs change. In addition, customers can also choose to add disability benefits to their life insurance. This benefit, known as an accelerated benefit, is paid in one go if you have an injury, paralysis, or loss of vision, hearing, and speech. Your family and friends will get a lump sum payment from this policy in the case of your passing, severe injury, or permanent incapacity.

Vodacom Insurance offers a selection of insurance options to accommodate different client demands and budgets. Depending on the level of insurance you pick, you can obtain coverage for accidental, theft, loss, or any combination of these. Moreover, Vodacom also offers a quick and easy resolution process with the ability to submit a request online by phone or in-store.

Founded: 1994
Headquarters: Midrand, South Africa

Website: https://www.vodacom.com/

MiWay Insurance is the first direct insurance company based in South Africa to provide online purchasing and management of short-term insurance policies.

MiWay was established in February 2008 in the form of a joint venture of insurance services between Santam, Sanlam, and PSG.

MiWay offers simple life insurance policies. MiWay policyholders will receive a sum in the event of their death, your chosen family member's death, you become permanently disabled from a named fatal illness, or you are hospitalized for more than two nights. In addition, MiWay also has an optional savings account for customers in need.

The goal of MiWay's company is to give consumers high-quality short-term insurance solutions that are also affordable. These products include home and auto insurance, as well as extra services like liability insurance and motor vehicle warranties. MiWay furthermore offers insurance for bicycles and motorcycles.

The business provides consumers with flexible, creative, and cheap insurance that is cost-effective and provides them with peace of mind. Customers are additionally rewarded by MiWay through the loyalty program MiRewards. MiRewards are cash rewards paid directly to the bank accounts of customers who have been insured with MiWay for at least 3 years regardless of whether they claim it or not.

In 2014, the company received the Mail & Guardian "Top Companies Reputation Index" Award. Additionally, MiWay Insurance won the Ask Afrika Iconic Brand Survey Awards for Best Auto/Car Insurance Provider in South Africa in 2019.

For fifteen years running, MiWay has received over 11, 000 good evaluations in the past year, resulting in a 92% compliment rate on Hellopeter and a Trust Index of 9.8 out of 10. Therefore, MiWay Insurance has been recognized as the best insurer in South Africa on Hellopeter.com, the foremost platform for managing business reputation and supporting consumer activism.

Founded: 2008
Headquarters: Johannesburg, South Africa

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