Market
Insurtech in South Africa
9 companies · 24 stories · $76M disclosed
Insurtech Daily tracks 9 insurance and insurtech companies headquartered in South Africa — 5 insurers and 4 insurtechs, across 24 stories going back to Jan 21, 2025. Between them they have disclosed $76M across 2 funding rounds, the largest Naked's $38M. Every figure is compiled from the coverage on this page.
Funding
| Company | Stage | Lead investor | Source | ||
|---|---|---|---|---|---|
| Naked | $38M | Series B | — | Tech In Africa | |
| Naked | $38M | Series B | — | Dabafinance+5 |
Every round is listed with its reporting in the funding tracker, and totals across all markets in the company ranking.
Companies
| Company | Type | Based | Stories | Disclosed |
|---|---|---|---|---|
| Naked | Insurtech | Johannesburg | 13 | $76M |
| Santam | Insurer | Cape Town | 4 | — |
| Old Mutual Insure | Insurer | — | 2 | — |
| 1Life | Insurer | — | 1 | — |
| Dis-Chem Life | Insurer | — | 1 | — |
| JaSure | Insurtech | — | 1 | — |
| LifeCheq | Insurtech | — | 1 | — |
| Old Mutual | Insurer | Cape Town | 1 | — |
| Pineapple | Insurtech | — | 1 | — |
Coverage
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Swiss Re CorSo to transfer its South African insurance portfolio to Old Mutual Insure
Swiss Re Corporate Solutions and Old Mutual Insure have entered into a strategic partnership to transfer the former’s insurance portfolio in South Africa to the latter, which will form part of Old Mutual Insure’s…
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Old Mutual Insure to take over Swiss Re’s South African insurance portfolio
Employees in Swiss Re Corporate Solutions’ South African business are expected to join Old Mutual Insure.
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SA’s Naked launches pet insurance, with claims paid in minutes -
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Naked launches pet insurance with AI onboarding
Coverage is underwritten by Hollard.
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Naked brings AI to pet insurance
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Insurance moves: Hartford, IAP, Consilium, Crux Underwriting, Santam Syndicate
The Hartford hires Aspen's distribution head for London, as Crux names a political violence chief and Consilium adds a property partner from WTW
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Insurance moves: Antares, HIVE, Santam Syndicate and HDI Global
HIVE hires Sompo's Richard Brown to launch property D&F as Santam Syndicate 1918 names a COO from Volante
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Santam Drops US Investment as Property-Rate Dip Damps Outlook
Santam Ltd. has paused its foray into the US as a decline in property premium rates in the world’s biggest economy forced South Africa’s largest general insurer to rethink its expansion plan. It discontinued investments…
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1Life turns WhatsApp into a fully transactional insurance platform
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SA’s Naked becomes world’s 1st to give final car insurance quote in ChatGPT -
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Naked’s ChatGPT app signals where insurance distribution may be heading
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Naked becomes first SA insurer to offer binding quotes through ChatGPT
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SA Digital Insurance Provider Pineapple Named An Endeavor Outlier Among Top 10% Global Scale-Ups
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Old Mutual Taps Agencify To Expand Digital Insurance Uptake
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South Africa’s Naked Insurtech Closes $38M Series B Round
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Santam snaps up on-demand insurtech start-up JaSure
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InsureMO and LifeCheq team up to transform insurance sales
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Dis-Chem Life sets a new course in South Africa's life insurance landscape
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South Africa's Naked Raises $38M to Expand Digital Insurance Platform
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Naked secures R700 million for AI-powered insurance
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Naked, South Africa’s Insurtech Secures USD 38M Funding
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South Africa Insurtech Naked Raises $38M to Expand AI-Powered Insurance
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South Africa’s Naked raises $38M in Series B2 to deepen its investment in automation and AI
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Naked raises R700 million — and plans to crush claim waiting times with AI