1 INTRODUCTION
1.1 What is this Report About?
1.2 Definitions

2 GOVERNANCE, RISK AND COMPLIANCE
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Third-party liability insurance for commercial flight operators
2.4.2 Unemployment insurance
2.4.3 Compensation for occupational diseases and injuries
2.4.4 Professional indemnity insurance for sheriffs, healthcare professionals, pension fund trustees
2.4.5 Environmental liability insurance
2.4.6 Professional indemnity and fidelity insurance for financial service providers
2.4.7 Liability insurance for ships with respect to oil pollution
2.4.8 National health insurance
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 African Insurance Organization
2.5.3 Financial Sector Conduct Authority
2.5.4 Prudential Authority
2.5.5 South African Insurance Association
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and Penalties
2.7 Company Registration and Operations
2.7.1 Type of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margin
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.7.10 Fee structure
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution (ADR)

3 APPENDIX
3.1 Methodology
3.2 Contact GlobalData
3.3 About GlobalData
3.4 GlobalData’s Services
3.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: South Africa - Insurance Regulatory Framework Key Features
Table 3: South Africa - Maximum remuneration payable for binder function
Table 4: South Africa - Commission Rates for Health Insurance Policy
Table 5: South Africa - Life Insurance Regulatory Framework
Table 6: South Africa - Maximum cost of credit life insurance
Table 7: South Africa - Property Insurance Regulatory Framework
Table 8: South Africa - SASRIA Annual and Monthly Premium Rates
Table 9: South Africa - Motor Insurance Regulatory Framework
Table 10: South Africa - Liability Insurance Regulatory Framework
Table 11: South Africa - Corporate Tax Rates for the Financial Year 2019

List of Figures
Figure 1: South Africa - Insurance Supervision and Control at Various Levels
Figure 2: South Africa - Insurance Regulatory Frameworks for Company Registration and Operation