Share with your friends

Short-term Insurance Industry Results

Short-term Insurance Industry Results

Short-term Insurance Industry Results


Also on

Short-term results

A look back at 2017 indicates that South Africa's gross domestic product (GDP) growth amounted to 1.3% beating the forecasted 1% growth. This is an improvement on 2016 where GDP growth only reached 0.3%. Much of the 2017 growth can be attributed to its fourth quarter, which saw strong growth after the decision by the Monetary Policy Committee to cut the repo rate by 25 basis points. This provided much needed stimulus to the economy. As expected, the low GDP growth and tough trading conditions are reflected in the 2017 financial results reported by the short-term insurance industry.

Growth in the short-term insurance industry is hard to come by and it is being hindered by these unfavourable macroeconomic factors, political instability and increasing unemployment rates.


Read more

Download the full synopsis below ...

© 2020 KPMG Services (Pty) Limited, a South Africa private company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us


Want to do business with KPMG?


loading image Request for proposal