Stunning Rise of Capitec Insurance
- Adam Strydom
- Apr 25
- 1 min read
ALG Newsletter - Stunning rise of Capitec Insurance. Capitec Insurance grew its funeral and life policy count by 25% in FY25 compared with industry growth of only 6.5%. Its market share of SA funeral policies (based on the Association for Savings & Investment South Africa (ASISA)) is now 20.7% which, in our estimation, makes it close to the largest insurer in the SA mass market space. Its share of the total SA retail insurance market (by policy count) has risen remarkably from less than 5% to 12.8% over the past five years with 5.3million policies as at 28 February 2025 (out of a total 41.3million according to ASISA). If strong growth continues, it may become a serious challenger as the largest overall SA insurer by book size over time. Reach out if you would like to find out more about Austin Lawrence Gidon's research and service offering. Sanlam Old Mutual Momentum Discovery Limited #Capitec
24 April 2024
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