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Lion of Africa Insurance Company Limited

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FSP No.: 17511
Tel: 0860 102 724
Address:
Tata House, 2nd floor
39 Ferguson Road
Illovo
Postbox:
PO Box 100
Parklands
2121
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INSURING SOUTH AFRICA'S FUTURE
 
Lion of Africa Insurance Company Limited is a South African non-life insurance company that was licensed by the Financial Services Board in terms of the Short- Term Insurance Act No 53 of 1998 on 23 August 1999. The company is a wholly owned subsidiary of The Lion of Africa Holdings Company (Proprietary) Limited, owned by Brimstone Investment Corporation Limited, an investment group listed on the JSE.
 
The company’s short-term insurance activities are concentrated primarily in the public sector, commercial and the marine and engineering segments.
 
Lion of Africa Insurance Company Limited is an authorised financial services provider (FSP 17511) in terms of the Financial Advisors and Intermediaries Act No 37 of 2002.
 
More information is available at http://www.lionsure.com.

 

Company Press Releases »

Icon Lion of Africa Insurance BEE rating
04 Jul 18 | Read More »
The Lion of Africa Insurance Company (Lion) is proud to announce that we have achieved a level two Broad Based Black Economic Empowerment (BBBEE) rating for the period 1 June 2018 to 30 June 2019. This rating was achieved under the amended Broad Based Black Economic Empowerment ...
Icon Using insurance to uplift our municipalities
26 Jun 18 | Read More »
Over the past few weeks a plethora of articles have appeared in the media about the dire situation so many municipalities find themselves in. Challenges faced by municipalities are well documented and include issues such as irregular expenditure, lack of appropriate ...
Icon 2018 Lion of Africa Day
21 May 18 | Read More »
Lion of Africa Insurance (Lion) recently held its inaugural annual Lion of Africa Day at the Johannesburg Stock Exchange on the 19th April 2018. The theme of the event was “Lion Roars. Setting Greater heights, and celebrated the Lion’s 19 years ...
Icon Insurance of the future
10 Apr 18 | Read More »
              Yusuf Bodiat, Acting Chief Financial Officer Lion of Africa Insurance Company Ltd.               We are living in an extremely fast paced world, where ...
Icon The importance of insurance to SOE’s
13 Mar 18 | Read More »
By Mr. Langa Sigodi, Business Consultant: Public Sector Lion of Africa Insurance State-owned Enterprises (SOEs) play a critical role in the growth and development of South Africa. Running as separate entities that are partially or wholly owned by the state, they combine ...
Icon Vat rate increase – impact on the short-term insurance industry
13 Mar 18 | Read More »
By Yusuf Bodiat, Acting CFO Lion of Africa Insurance Company Limited   Value-added tax (“VAT”) was introduced in South Africa in September 1991 to replace GST (General Sales Tax) as an indirect tax. VAT was imposed in 1991 at a statutory rate of 10%, ...
Icon GCR rates Lion of Africa Insurance as BBB(ZA), outlook Stable
18 May 17 | Read More »
Over the past few months Lion of Africa Insurance Company Limited (Lion) embarked on a journey to improve its credit rating. The substantial amount of time and effort that was devoted to ensure that the progress made at Lion over the past 18 months is reflected in the credit ...
Icon GCR accords an initial rating of BBB(ZA) to Lion of Africa Insurance Company Limited; Outlook Stable
16 May 17 | Read More »
Global Credit Ratings (GCR) has assigned an initial national scale claims paying ability rating to Lion of Africa Insurance Company Limited (LoA) of BBB (ZA), with the outlook accorded as Stable. “LoA implemented a strategic turnaround plan in Financial Year ...
Icon Insurance, Innovation and the Internet of Things
02 May 17 | Read More »
By Neil Pather, National Manager: Marketing, Commercial & Niche Lines Lion of Africa Insurance Company Limited   Economic growth in South Africa was almost non-existent in 2016 and it was a tough year for the short-term insurance industry. With no growth opportunities, ...
Icon Innovative risk management can aid service delivery
11 Jul 16 | Read More »
By Pride Choruma, National Manager: Public Sector, Lion of Africa Insurance   The Public Sector risk management framework has great complexity in the modern day South Africa. The question is: How to maximize the limited financial resources available in the public ...
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From The Glossary »

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Claims intimated but not finalised:

Amounts provided to cover the estimated ultimate cost of settling notified claims arising out of insured events that have occurred by the end of the accounting period, less amounts already paid in respect of those claims. Also referred to as outstanding claims but excluding IBNR's.
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