16 October 2025- KPMG South Africa today launched the annual KPMG Insurance Industry Survey for 2025, a publication we are proud to have delivered for over 25 years. This year’s survey covers the financial results of 28 non-life insurers, sixteen life insurers and four reinsurers.

The theme for this year’s survey is “Up in the air”, reflecting the multitude of priorities and external and internal forces that insurers are having to juggle, and because the insurance industry is all about operating in a world of change and uncertainty whilst still managing the bottom line.

The 2024 financial results of participating insurers indicate that the industry was not only able to sustain, but also build on the robust financial results reported in 2023, carrying forward the momentum and gains established from the previous year.

“The industry continues to benefit from the strategic measures implemented in recent years, such as rate increases, cost containment measures, process efficiencies and the application of stricter underwriting principles, to name a few. The approach taken by the industry to achieve these results underscores their commitment to long-term resilience and strategic foresight, ensuring that long-term stability is not compromised in the interest of short-term gains.” says Mark Danckwerts, Partner: Africa Insurance Lead at KPMG South Africa.