Absa Group Limited

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/