OUTsurance announced strong results for the six months ended 31 December 2022. The Group reported a 150% jump in interim profits. OUTsurance said that while thinking about sustained long-term growth, it preferred going the route of adding another market, rather than trying to become a platform insurer, offering everything from insurance to banking. Ireland apparently has some short-term insurers with a larger motor book than OUTsurance has in South Africa. OUTsurance already generates 56% of its Gross Written Premiums from its Australian operation.
