  South Africa assumes a significant position in the insurance landscape of
Africa. The present research based upon qualitative and quantitative analysis,
shows that it shows the characteristics of a Complex Adaptive System. In
addition, a statistical analysis of risk measures through Value at risk and
Conditional tail expectation is carried out to show how an individual insurance
company copes under external complexities. The authors believe that an
explanation of the coping strategies, and the subsequent managerial
implications would enrich our understanding of complexity in business.
