In 2020, the leading reinsurance company in Africa by net combined ratios was GIC RE. Based in Johannesburg, South Africa, GIC RE reached a combined ratio of just under 141 percent that year. This was followed by General Reinsurance Africa and Swiss Re Africa, which had net combined ratios of 120 percent and 117 percent, respectively. As of 2020, GIC RE had an average (of 2018 to 2020) combined ratio of over 115 percent.
Leading reinsurance companies in Africa from 2018 to 2020, by net combined ratios
Characteristic
2018
2019
2020
Average combined ratio
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Atlas Magazine. (January 1, 2022). Leading reinsurance companies in Africa from 2018 to 2020, by net combined ratios [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1292537/leading-reinsurance-companies-by-net-combined-ratios-africa/
Atlas Magazine. "Leading reinsurance companies in Africa from 2018 to 2020, by net combined ratios." Chart. January 1, 2022. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1292537/leading-reinsurance-companies-by-net-combined-ratios-africa/
Atlas Magazine. (2022). Leading reinsurance companies in Africa from 2018 to 2020, by net combined ratios. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1292537/leading-reinsurance-companies-by-net-combined-ratios-africa/
Atlas Magazine. "Leading Reinsurance Companies in Africa from 2018 to 2020, by Net Combined Ratios." Statista, Statista Inc., 1 Jan 2022, https://www.statista.com/statistics/1292537/leading-reinsurance-companies-by-net-combined-ratios-africa/
Atlas Magazine, Leading reinsurance companies in Africa from 2018 to 2020, by net combined ratios Statista, https://www.statista.com/statistics/1292537/leading-reinsurance-companies-by-net-combined-ratios-africa/ (last visited August 24, 2024)
Leading reinsurance companies in Africa from 2018 to 2020, by net combined ratios [Graph], Atlas Magazine, January 1, 2022. [Online]. Available: https://www.statista.com/statistics/1292537/leading-reinsurance-companies-by-net-combined-ratios-africa/