The South African market is the largest source of revenue for Lloyd's on the African continent with Gross Premium amounting to R2,477m (£180m £1=R15) in 2013 divided between direct insurance and reinsurance. Lloyd's business in South Africa is dominated by transportation, property and liability which combined account for 69% of the overall book of business. The remaining business is derived from the accident and health, motor, credit, bloodstock and contingency. By far the majority of business, 75%, is placed via South African intermediaries and the remainder is direct assured business. The majority of the business is commercial with a small personal lines portfolio. Transportation business has been steadily increasing over the years and is now the largest class of business underwritten by Lloyd's in South Africa.