About Life Insurance In South Africa

1. South Africa is considered the largest market for insurance in Africa

It is not difficult to find insurance companies as the country is full of insurance companies here and there. In fact, the region has been dominated by insurance companies with 80% of the direct total premium on both the non-life and life segments.

2. The life insurance segment in South Africa has been unaffected by the global economic crisis

Surprisingly, the past economic crises had little or no effect at all on the country’slife insurance segment. This is because of a mixture of circumstantial, fundamental, and historical factors. In addition, the different financial institutions were not affected by the global economic crisis because of their limited exposure to foreign financial institutions.

3. Expansion paved the way for growth in the sales of the insurance industry

The growth sales of the insurance industry were due to the rapid rate of expansion of the distribution channels across the rural areas in the region.

4. By 2015, new regulatory regimes for the South African insurance industry will be implemented

By the year 2015, a new regulatory regime called the “Solvency Assessment and Management (SAM)” is expected to be implemented for the South African insurance industry. Although still a framework, it is still currently being developed to be able to have a risk-based regime which would effectively supervise the regulation of both short-term and long-term insurers in the region.

5. Four large competitors and a number of smaller competitors dominate the South African life insurance industry

The South African life insurance industry is said to be dominated by four large competitors and other smaller companies. Each company varies greatly from another through the different deals they offer their clients. As a teaser, the leading insurance companies are Life Insurance Today, Discover Life, Liberty Life, Momentum, Old Mutual, PPS, and Altrisk

South Africa Travel Package Informaton

It is not a big deal of what kind of travel experience your are up to, you will surely enjoy it more and bigger and in a way of much more extra ordinary if you grab the advantage of one of many and different South Africa travel package on offer. Some of South Africa travel package offers the best variety of African vacation packages ranging from Morocco’s walk, to Zambezi River Rafting Adventure; the Great Ape Safari in Uganda and the classic Overland Cape to Kenya Adventure and many more.

You can choose your South Africa travel package among the rest packages offered so that you can have you time finding the best and suitable package for both your family and friends. You could also have a package wherein you are to be expected to bring extra money for your foods. It is very hot in Africa therefore you have to double check if the vehicle you rented is air conditioned or not.

You can have and reserve a tour that drives in a 4×4, small bus or open back truck. However, overnight trips are also available or few day expeditions. Find out first how experienced are you will be guides so that your trip will be safe before you have reservation of Africa holidays.

Meanwhile you are enjoying the holidays; you will get an opportunity to see with your two eyes a lion, giraffes, and zebras, however these sight seeing is not of course guaranteed. But you will have more time to lavish the beauty of these creatures if your safari expedition is long. Most likely it is during day break that this animals show off and there are also many tours that begin within this time also, so you should plan to have one of these day break tours.

Another wonderful safari experience is the departure of the wildebeest and zebras. You will require information on when it will happen and where to watch it. These animals take an eighteen hundred mile trek every year that guides them to Kenya’s Masai Mara National Reserve. Though this is a difficult trip for them to make, it will be an unforgettable experience watching this amazing site. And availing the Kenya tour package would most likely make the experience possible.

You have to think first of your budget when booking a Kenya tour package for some of these can be very costly however if you have your time to research for deals then you will for the most part find a best holiday package for a very reasonable cost.