Gauteng ( khow-TENG ; Tswana: Gauteng; Sotho: Gauteng ; Pedi: Gauteng; Zulu: eGoli; Tsonga: Gauteng/eXilungwini; Ndebele, Xhosa: iRhawuti; Southern Ndebele: I-Gauteng; Venda: Gauteng) is one of the nine provinces of South Africa. The name in Sotho-Tswana means "place of gold". Situated in the Highveld, Gauteng is the smallest province in South Africa, accounting for only 1.5% of the land area. Nevertheless, it is highly urbanised, containing the country's largest city, Johannesburg, its administrative capital, Pretoria, and other large areas such as Midrand and Vanderbijlpark. As of 2019, Gauteng is the most populous province in South Africa with a population of approximately 15 million people according to estimates.

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Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and must involve something in which the insured has an insurable interest established by ownership, possession, or preexisting relationship. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated. The amount of money charged by the insurer to the insured for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster.

Source: https://en.wikipedia.org/