South African insurer pumping R1.31 billion into Ireland

• OUTsurance to inject R1.31 billion into Ireland over 5 years
• The company's Irish expansion is driven by a 197.77% jump in written premiums in one year, with insurance revenue rising from R97 million to R521 million
• The group remains loss-making, with operating losses of R489 million and a normalised loss of R395 million