Parent Company: Rand Merchant Investment Holdings Limited
Brand Value: $368 Mil.
Headquarter City: Johannesburg
Year Formed: 1998
OUTsurance was initially launched in South Africa with products in car and home insurance with the promise of “you always get something out”. As a member of the Rand Merchant Investment Holdings Group, the company has been backed by one of the strongest financial companies in the country, allowing it to expand into business, life, and disability insurance products. Its OUTbonus was the first reward system in South Africa to reward customers who remain claim-free and to date, over R3 billion in OUTbonuses have been paid out, R399 million in 2017 alone. In 2017, the company generated over R15 billion from business written globally (R7.8 billion in South Africa) with nearly a fifth of its total in new premiums, resulting in earnings of over R3 billion (R2.3 billion in South African earnings). Their Helping Hands Volunteers Program has enabled hundreds of staff members to get involved in 49 different projects to support the less fortunate.