Insurance business written by class of insurance — Premiums ceded in South Africa
South Africa: Insurance business written by class of insurance — Premiums ceded was 83.24 Euro in 2023. ▼ Falling
Insurance business written by class of insurance — Premiums ceded in South Africa, 2012–2023
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
In 2023, insurance business written by class of insurance — premiums ceded in South Africa stood at 83.24 Euro.
That represents a change of up 78.9% on the previous year and down 26.6% over ten years.
Over the whole period, insurance business written by class of insurance — premiums ceded in South Africa peaked at 124.24 Euro in 2016 and was at its lowest, 46.52 Euro, in 2022.
That places South Africa 20th out of 40 countries with data for 2023, putting it in the middle of the range.
Insurance business written by class of insurance — Premiums ceded in South Africa, year by year
| Year | Euro | Change |
|---|---|---|
| 2012 | 113.39 Euro | — |
| 2014 | 90.83 Euro | -19.9% |
| 2015 | 88.47 Euro | -2.6% |
| 2016 | 124.24 Euro | +40.4% |
| 2020 | 97.75 Euro | -21.3% |
| 2021 | 101.04 Euro | +3.4% |
| 2022 | 46.52 Euro | -54.0% |
| 2023 | 83.24 Euro | +78.9% |
South Africa compared with similar countries
- South Africa's 83.24 Euro is above the median for upper middle income countries, which is 67.59 Euro, 1.2× the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 104.23 Euro | 88.47 Euro | 124.24 Euro | 4 |
| 2020s | 82.14 Euro | 46.52 Euro | 101.04 Euro | 4 |
Countries ranked near South Africa
More economy & growth data for South Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.4836 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0094 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -61.95 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -2.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -192.73 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0051 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -33.37 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 16.18 % change on previous year (2025)
Frequently asked questions
- What is insurance business written by class of insurance — premiums ceded in South Africa?
- Insurance business written by class of insurance — premiums ceded in South Africa was 83.24 Euro in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — premiums ceded recorded in South Africa?
- The highest recorded value was 124.24 Euro in 2016.
- What is the lowest insurance business written by class of insurance — premiums ceded recorded in South Africa?
- The lowest recorded value was 46.52 Euro in 2022.
- How does South Africa rank for insurance business written by class of insurance — premiums ceded?
- South Africa ranks 20th out of 40 countries with data for 2023.
- Is insurance business written by class of insurance — premiums ceded rising or falling in South Africa?
- Over the last ten years it is down 26.6%. The long-run trend across the full record is falling.
- Where does this South Africa data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Insurance business written by class of insurance — Premiums ceded. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
This dataset covers the breakdown of premiums by insurance class for life and non-life insurance.