Lloyd’s is a major provider of niche and specialist risks in South Africa.
The South African market is the largest source of revenue for Lloyd's on the African continent.
Lloyd’s business in South Africa by location of policyholder/country of origin -
Gross signed premium by Lloyd’s 10 classes of business:
Property, Casualty and Marine accounts to 74% of the total Lloyd’s business in South Africa.
Key growing classes are Property D&F, Casualty other, Casualty FinPro
Source: Lloyd’s market intelligence based on Xchanging & LDR
2017 Gross written premium: USD 9,343 m (Latest actual year)
Key growing classes are Property, Motor and Liability in the local market accounting to 84% of the total market.
Source: GlobalData based on Local regulators annual statistics.