Company: OUTsurance Group
Country: South Africa
Sector: Multi-Line Insurance
CEO: Marthinus Visser
Website: https://www.outsurance.co.za
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Centurion, South Africa
Founded: 1998
Valuation/Revenue: $1,513.1m revenue; $5,860.4m market value (African Business Top 250, 2025)
OUTsurance Group is a South African-based multi-line insurer offering short-term (car, home, business) and long-term (life, funeral, income protection) insurance products to individual and corporate customers across South Africa, Australia, Namibia and, since 2024, Ireland. It is one of the continent’s largest listed insurance groups, trading on the Johannesburg Stock Exchange under the ticker OUT.
Is OUTsurance Legit?
Yes. OUTsurance is a long-established, JSE-listed financial services group regulated by South Africa’s Prudential Authority and Financial Sector Conduct Authority. It was founded in 1998 as a subsidiary of RMB Holdings and built its brand around a “you always get something out” direct-to-consumer model, becoming one of South Africa’s most recognisable insurance names alongside its Australian subsidiary Youi. The company is not a scam or informal underwriter; it holds full short-term and long-term insurance licences in every market it operates in.
How Big Is OUTsurance?
According to African Business magazine’s Top 250 companies in Africa for 2025, OUTsurance Group generated revenue of roughly $1.51 billion and carried a market value of approximately $5.86 billion, placing it among South Africa’s largest listed financial services firms. The business underwrites motor, home, business and life risk through several brands: OUTsurance (South Africa short-term), OUTsurance Life, Youi (Australia and formerly New Zealand), and OUTsurance Namibia. Its Irish operation, launched in May 2024, marks the group’s first entry into a European market and reflects an ongoing push to diversify away from reliance on the South African consumer.
Who Is the CEO of OUTsurance?
Marthinus Visser serves as chief executive officer of OUTsurance, with Herman Bosman chairing the board. Visser has overseen the group through a major corporate restructuring in which its former listed parent, Rand Merchant Investment Holdings (RMI), unbundled its other financial interests (including stakes in Discovery and Momentum Metropolitan) to become a pure-play insurance holding company, subsequently renamed OUTsurance Group Limited in 2023. This reorganisation was designed to let public shareholders own a direct, uncomplicated stake in the insurance operations rather than a diversified investment holding company.
Who Owns OUTsurance?
OUTsurance Holdings, the operating entity, is roughly 89.8% owned by OUTsurance Group Limited, with the remainder held through management and employee incentive schemes. OUTsurance Group Limited itself is a widely held, JSE-listed public company with no single controlling shareholder, following the 2023 unbundling from RMI. Prior to that restructuring, RMI (in turn linked to Remgro and the Rupert family interests through historical shareholding chains) was the controlling entity, but the current structure is a straightforward listed insurer with institutional and retail shareholders.
How Does OUTsurance Compare to Its Competitors?
OUTsurance competes directly with Santam (majority-owned by Sanlam), Discovery Insure, Hollard, and Auto & General in the South African short-term insurance market, and with a range of direct insurers in Australia through its Youi subsidiary. OUTsurance has historically differentiated itself through direct (non-broker) distribution, a strong claims-payout marketing message, and disciplined underwriting that has generally delivered solid margins relative to peers. Its expansion into Ireland puts it in a new competitive set against established European direct insurers, a market where it will need to build brand recognition from scratch.
What Has OUTsurance Been in the News For Recently?
The most significant recent corporate event was the 2023 unbundling and renaming that turned the former RMI Holdings into OUTsurance Group Limited, giving investors direct exposure to the insurance business. The May 2024 launch of OUTsurance Ireland marked the group’s first continental European venture, extending a strategy it has used successfully in Australia through Youi. The group has also continued to report resilient underwriting results even as South African insurers more broadly have grappled with elevated claims inflation from vehicle theft, hijacking, and weather-related property damage, including major flooding events in KwaZulu-Natal in recent years.
How Old Is OUTsurance?
OUTsurance was launched on 28 February 1998 as a wholly owned subsidiary of RMB Holdings to provide short-term insurance to individual customers in South Africa, making it just under three decades old as of 2026. It has grown from a single-market direct motor and home insurer into a multi-country group spanning South Africa, Australia, Namibia and Ireland.
How Do I Apply for a Job at OUTsurance?
OUTsurance recruits primarily through its own careers portal and mainstream South African job boards for roles spanning call-centre and sales consultants, actuarial and underwriting staff, IT and digital roles, and corporate functions such as finance and marketing. As a direct insurer with large inbound and outbound call-centre operations, OUTsurance is a significant graduate and entry-level employer in Centurion and its other regional offices, alongside more senior actuarial and underwriting positions that typically require professional qualifications.
Links
Website: https://www.outsurance.co.za
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is OUTsurance a real company?
Yes, it is a JSE-listed, regulated South African insurance group founded in 1998, trading under the ticker OUT.
Who is the CEO of OUTsurance?
Marthinus Visser is the chief executive officer of OUTsurance.
Is OUTsurance publicly traded?
Yes. OUTsurance Group Limited trades on the Johannesburg Stock Exchange (JSE: OUT).
Where is OUTsurance headquartered?
OUTsurance’s head office is in Centurion, South Africa.
What brands does OUTsurance own?
OUTsurance operates under its own name in South Africa and Namibia, as Youi in Australia, and as OUTsurance in Ireland.
How old is OUTsurance?
OUTsurance was founded in 1998, making it approximately 28 years old as of 2026.