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IconINDUSTRY STRUCTURE

IG Insurance Industry Structure

Overview of IG and the insurance industry structure in South Africa.


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Edition 1, January 2009
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88 KB
Edition 2, May 2010
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175 KB
Edition 3, May 2013
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397 KB

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From The Glossary »

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Non-participating Insurance:

Insurance by which policyholders do not share in any surplus earnings distributed by the insurer. No policy dividends are payable. The premium is based on an estimate of future costs and investment earnings very close to what the insurer believes most likely will occur, with a slight margin added for contingencies and profit.
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