Who we are | The Insurance Industry

The INSETA represents the following constituents within the insurance sector:

  • Short-term insurance
  • Life insurance
  • Insurance and Pension Funding
  • Risk management
  • Health care benefits administration
  • Unit trusts
  • Funeral Insurance
  • Reinsurance
  • Pension Funding and
  • Activities auxiliary to Financial Intermediation.

The Insurance Sector is a rapidly evolving, growing and developing major player in the South African economy.  Approximately 9 104 employers within the Insurance Sector have registered with the South African Revenue Services, with 1 825 classified as levy contributors.  INSETA represents a sector with a diverse range of employers, ranging from very small (10 employees) to very large (in excess of 12,000 employees).  The majority of the workforce represents skilled and highly skilled employees. The sector employs over 100 000 people (excluding people employed in micro-enterprises and informal businesses).