[2] It is a financial services holding company based in South Africa, with subsidiaries in Australia and Ireland.

OUTsurance was launched on 28 February 1998 as a wholly owned subsidiary of RMB Holdings to provide short-term insurance to individuals.

This unit allowed the group to offer basic and fully underwritten life insurance products in South Africa.

As at May 31 2024, the shareholding in the group's stock was as depicted in the table below:[10] OUTsurance Holdings is governed by a board of directors with Herman Bosman as the chairman with Marthinus Visser as chief executive officer.

He was replaced by Herman Bosman as the chairman, who is supported by a lead independent director, Kubandiran Pillay.