The South African insurance sector is large, complex, internationally active, and competitive. Supported by high … penetration and density of insurance products, the insurance sector has grown to account for 18 percent of the financial sector in … insurers, risk profiles vary significantly, which is unique relative to other major insurance markets. Most large insurance …

and hence a reduced risk exposure. However, planned Solvency III may cause the EPEF of highly capitalized insurance … second question, concerning the appropriateness of the uniformity of solvency regulation directed at banks and insurers …