Mo­tor In­sur­ance,

A 3 Month Fea­ture

Thembu Royals Magazine - - Contents - WRIT­TEN BY IN­TER­NAL STAFF WRITER

BA­SIC CON­CEPTS & CON­TEXT:

The size of the Mo­tor In­sur­ance In­dus­try in South Africa has been on an up­ward trend for the past 10 ( ten) years or so. Ac­cord­ing to Statista Inc, the value of the gross pre­mi­ums writ­ten by the mo­tor ve­hi­cle in­sur­ance com­pa­nies in South Africa from 2009-2018 has been grow­ing. In 2009 this pre­mium was es­ti­mated at about $ 3,34 Bil­lion US Dol­lars. In 2018 this num­ber grew to about $ 4,72 Bil­lion US Dol­lars. This num­ber is pro­jected to rise in 2025 to about $ 6,62 Bil­lion US Dol­lars.

{ Statista Inc is a Global Mar­ket Re­search Com­pany with a team of 450 statis­ti­cians, data­base ex­perts, an­a­lysts and the like. Its strate­gic part­ners in the USA in­clude the In­ter­ac­tive Ad­ver­tis­ing Bureau and the Amer­i­can As­so­ci­a­tion of Ad­ver­tis­ing Agen­cies. Their me­dia part­ners in­clude Busi­ness In­sider, Wall Street Jour­nal, The In­de­pen­dent, and Forbes.}.

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