Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2018

Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2018

$1,950.00

Publication ID
TMC0714376
Publication Date
July 23, 2014
Pages
257
Regions Covered
Publisher
South Africa’s healthcare industry is expected to undergo a radical change in structure following the launch of National Healthcare Insurance (NHI), a universal healthcare scheme. The NHI is expected to have a significant impact on the South African personal accident and health segment, both directly and indirectly. Although personal accident and health insurance is the smallest segment in the country’s overall insurance industry in terms of total written premium, NHI could considerably enlarge the segment. Other new South African insurance products, such as those which provide cover for those infected by HIV, will ensure its steady growth over the forecast period.
 

The report provides in-depth market analysis, information and insights into the South African personal accident and health insurance segment, including:

  • The South African personal accident and health insurance segment’s growth prospects by insurance categories 
  • Key trends and drivers for the personal accident and health insurance segment 
  • The various distribution channels in the South African personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in South Africa
  • Detailed regulatory policies of the South African insurance industry
  • A description of the personal accident and health reinsurance segment in South Africa
  • Porter's Five Forces analysis of the personal accident and health insurance segment
  • A benchmarking section on the South African personal accident and health insurance segment in comparison with other countries in the BRICS region
 

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in South Africa:
  • It provides historical values for the South African personal accident and health insurance segment for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key sub-segments in South African personal accident and health insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for personal accident and health insurance products in South Africa.
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in South Africa for the personal accident and health insurance segment.
  • It provides a detailed analysis of the reinsurance segment in South Africa and its growth prospects.
  • It profiles the top personal accident and health insurance companies in South Africa and outlines the key regulations affecting them.
 

Reasons To Buy

  • Make strategic business decisions using in depth historic and forecast market data related to the South African personal accident and health insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the South African personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the South African insurance segment and its impact on companies and the market's future
 

Key Highlights

  • The personal accident and health segment recorded a CAGR of 11.3% during the review period.
  • The South African personal accident and health segment’s share of gross written premium was the smallest in the insurance industry during the review period; however it increased from 4.0% in 2009 to 4.8% in 2013.
  • Health insurance category drove the growth of personal accident and health segment during the review period.
  • The travel category recorded robust growth during the review period, due to the country’s preparation for, and successful execution of, the 2010 FIFA Football World Cup.

1 Executive Summary

2 Introduction

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Regional Market Dynamics

3.1 Overview
3.1.1 Market trends
3.1.2 Market size

4 Personal Accident and Health Insurance – Regional Benchmarking

4.1 Overview
4.2 Scale and Penetration
4.2.1 Total market gross written premium
4.2.2 Premium per capita
4.2.3 Personal accident and health insurance penetration (as a percentage of GDP)
4.3 Growth
4.3.1 Gross written premium
4.3.2 Gross written premium per capita
4.4 Efficiency and Risk
4.4.1 Loss ratio
4.4.2 Incurred losses per capita
4.4.3 Incurred losses as a percentage of GDP
4.5 Distribution Channels
4.5.1 Direct marketing
4.5.2 Bancassurance
4.5.3 Agencies

5 South African Insurance Industry Attractiveness

5.1 Insurance Industry Size, 2009–2018
5.2 Key Industry Trends and Drivers
5.3 Challenges
5.4 Recent Market Developments

6 Personal Accident and Health Insurance Segment Outlook

6.1 Consumer Segmentation
6.1.1 Individual Buyers
6.1.2 Corporate Segments
6.2 Product and Marketing Strategies
6.2.1 Product Strategies
6.2.2 Marketing Strategies
6.3 Personal Accident and Health Insurance Growth Prospects by Category
6.3.1 Personal accident
6.3.2 Travel insurance
6.3.3 Health insurance

7 Analysis by Distribution Channels

7.1 Direct marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other channels

8 Porter’s Five Forces Analysis – South African Personal Accident and    Health Insurance Segment

8.1 Bargaining Power of Supplier: Medium to High
8.2 Bargaining Power of Buyer: Medium to High
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Low

9 Reinsurance Growth Dynamics and Challenges

9.1 Reinsurance Segment Size, 2009–2018
9.2 Reinsurance Segment Size by Type of Insurance, 2009–2018

10 Governance, Risk and Compliance

10.1 Legislation Overview and Historical Evolution
10.2 Legislation and Market Practice by Type of Insurance
10.2.1 Life insurance
10.2.2 Property insurance
10.2.3 Motor insurance
10.2.4 Marine, aviation and transit insurance
10.2.5 Personal accident and health insurance
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Aviation third-party liability insurance
10.3.3 Unemployment insurance
10.3.4 Compensation for occupational diseases and injuries
10.3.5 Public liability insurance
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors
10.4.2 African Insurance Organization
10.4.3 Financial Services Board
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Withholding taxes on premium paid overseas
10.7.3 Corporate tax
10.7.4 VAT
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)

11 Competitive Landscape and Strategic Insights

11.1 Overview
11.2 Leading Companies in the South African Personal Accident and Health Insurance Segment
11.3 Discovery Life Ltd – Company Overview
11.3.1 Discovery Life Ltd – key facts
11.3.2 Discovery Life Ltd – key financials
11.4 Liberty Group Ltd – Company Overview
11.4.1 Liberty Group Ltd – key facts
11.4.2 Liberty Group Ltd – key financials
11.5 Hollard Life Assurance Company Ltd – Company Overview
11.5.1 Hollard Life Assurance Company Ltd – key facts
11.5.2 Hollard Life Assurance Company Ltd – key financials
11.6 MMI (Momentum) Group Ltd – Company Overview
11.6.1 MMI Group Ltd – key facts
11.6.2 MMI Group Ltd – key financials
11.7 Liberty Active Ltd – Company Overview
11.7.1 Liberty Active Ltd – key facts
11.7.2 Liberty Active Ltd – key financials
11.8 Guardrisk Insurance Company Ltd – Company Overview
11.8.1 Guardrisk Insurance Company Ltd – key facts
11.8.2 Guardrisk Insurance Company Ltd – key financials
11.9 Rand Mutual Assurance Company Ltd – Company Overview
11.9.1 Rand Mutual Assurance Company Ltd – key facts
11.9.2 Rand Mutual Assurance Company Ltd – key financials
11.1 Assupol Life – Company Overview
11.10.1 Assupol Life – key facts
11.10.2 Assupol Life – key financials
11.11 Old Mutual Life Assurance Company Ltd – Company Overview
11.11.1 Old Mutual Life Assurance Company Ltd – key facts
11.11.2 Old Mutual Life Assurance Company Ltd – key financials
11.12 Sanlam Life Insurance Ltd – Company Overview
11.12.1 Sanlam Life Insurance Ltd – key facts
11.12.2 Sanlam Life Insurance Ltd – key financials

12 Business Environment and Country Risk

12.1 Business Confidence
12.1.1 Market capitalization trend – Johannesburg Stock Exchange, South Africa
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segments
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices as percentage of GDP
12.2.12 Construction net output at current prices (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Merchandise Exports growth
12.2.18 Merchandise Imports growth
12.2.19 Annual average exchange rate ZAR–US$
12.3 Infrastructure
12.3.1 Commercial vehicles exports – total value
12.3.2 Commercial vehicles imports – total value
12.3.3 Automotive exports – total value
12.3.4 Automotive imports – total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Gross national disposable income (US$)
12.5.2 Household consumption expenditure (US$)
12.5.3 Total population
12.5.4 Urban and rural population
12.5.5 Age distribution of the total population

13 Appendix

13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer
 

List of Tables

Table 1: Insurance Industry Definitions
Table 2: South African Insurance – Gross Written Premium by Segment (ZAR Billion), 2009–2013
Table 3: South African Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 4: South African Insurance – Gross Written Premium by Segment (ZAR Billion), 2013–2018
Table 5: South African Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 6: South African Insurance – Segmentation (Percentage Share), 2009–2018
Table 7: South African Insurance – Direct Written Premium by Segment (ZAR Billion), 2009–2013
Table 8: South African Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 9: South African Insurance – Direct Written Premium by Segment (ZAR Billion), 2013–2018
Table 10: South African Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 11: South African Insurance – Segmentation, Direct Written Premium (Percentage Share), 2009–2018
Table 12: South African Personal Accident and Health Insurance – Gross Written Premium by Category (ZAR Billion), 2009–2013
Table 13: South African Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 14: South African Personal Accident and Health Insurance – Gross Written Premium by Category (ZAR Billion), 2013–2018
Table 15: South African Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 16: South African Personal Accident and Health Insurance – Direct Written Premium by Category (ZAR Billion), 2009–2013
Table 17: South African Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2009–2013
Table 18: South African Personal Accident and Health Insurance – Direct Written Premium by Category (ZAR Billion), 2013–2018
Table 19: South African Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2013–2018
Table 20: South African Personal Accident and Health Insurance – Earned Premium (ZAR Billion), 2009–2013
Table 21: South African Personal Accident and Health Insurance – Earned Premium (ZAR Billion), 2013–2018
Table 22: South African Personal Accident and Health Insurance – Paid Claims by Category (ZAR Billion), 2009–2013
Table 23: South African Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2009–2013
Table 24: South African Personal Accident and Health Insurance – Paid Claims by Category (ZAR Billion), 2013–2018
Table 25: South African Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2013–2018
Table 26: South African Personal Accident and Health Insurance – Incurred Loss by Category (ZAR Billion), 2009–2013
Table 27: South African Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2009–2013
Table 28: South African Personal Accident and Health Insurance – Incurred Loss by Category (ZAR Billion), 2013–2018
Table 29: South African Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2013–2018
Table 30: South African Personal Accident and Health Insurance – Retention by Category (ZAR Billion), 2009–2013
Table 31: South African Personal Accident and Health Insurance – Retention by Category (US$ Billion), 2009–2013
Table 32: South African Personal Accident and Health Insurance – Retention by Category (ZAR Billion), 2013–2018
Table 33: South African Personal Accident and Health Insurance – Retention by Category (US$ Billion), 2013–2018
Table 34: South African Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Table 35: South African Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Table 36: South African Personal Accident and Health Insurance – Commission and Expenses (ZAR Billion), 2009–2013
Table 37: South African Personal Accident and Health Insurance – Commission and Expenses (ZAR Billion), 2013–2018
Table 38: South African Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Table 39: South African Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Table 40: South African Personal Accident and Health Insurance – Frauds and Crimes (ZAR Billion), 2009–2013
Table 41: South African Personal Accident and Health Insurance – Frauds and Crimes (ZAR Billion), 2013–2018
Table 42: South African Personal Accident and Health Insurance – Total Assets (ZAR Billion), 2009–2013
Table 43: South African Personal Accident and Health Insurance – Total Assets (ZAR Billion), 2013–2018
Table 44: South African Personal Accident and Health Insurance – Total Investment Income (ZAR Billion), 2009–2013
Table 45: South African Personal Accident and Health Insurance – Total Investment Income (ZAR Billion), 2013–2018
Table 46: South African Personal Accident and Health Insurance – Retentions (ZAR Billion), 2009–2013
Table 47: South African Personal Accident and Health Insurance – Retentions (ZAR Billion), 2013–2018
Table 48: South African Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 49: South African Personal Accident Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 50: South African Personal Accident Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 51: South African Personal Accident Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 52: South African Personal Accident Insurance – Loss Ratio (%), 2009–2013
Table 53: South African Personal Accident Insurance – Loss Ratio (%), 2013–2018
Table 54: South African Travel Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 55: South African Travel Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 56: South African Travel Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 57: South African Travel Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 58: South African Travel Insurance – Loss Ratio (%), 2009–2013
Table 59: South African Travel Insurance – Loss Ratio (%), 2013–2018
Table 64: South African Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 65: South African Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 66: South African Health Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 67: South African Health Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 68: South African Health Insurance – Direct Written Premium (ZAR Billion), 2009–2013
Table 69: South African Health Insurance – Direct Written Premium (ZAR Billion), 2013–2018
Table 70: South African Health Insurance – Loss Ratio (%), 2009–2013
Table 74: South African Personal Accident and Health Insurance – Direct Marketing Commission Paid (ZAR Billion), 2009–2013
Table 75: South African Personal Accident and Health Insurance – Direct Marketing Commission Paid (ZAR Billion), 2013–2018
Table 76: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (ZAR Billion), 2009–2013
Table 77: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (ZAR Billion), 2013–2018
Table 78: South African Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 79: South African Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 80: South African Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2009–2013
Table 81: South African Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2013–2018
Table 82: South African Personal Accident and Health Insurance – Bancassurance Commission Paid (ZAR Billion), 2009–2013
Table 83: South African Personal Accident and Health Insurance – Bancassurance Commission Paid (ZAR Billion), 2013–2018
Table 84: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (ZAR Billion), 2009–2013
Table 85: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (ZAR Billion), 2013–2018
Table 86: South African Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Table 87: South African Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Table 88: South African Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2009–2013
Table 89: South African Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2013–2018
Table 90: South African Personal Accident and Health Insurance – Commission Paid to Agencies (ZAR Billion), 2009–2013
Table 91: South African Personal Accident and Health Insurance – Commission Paid to Agencies (ZAR Billion), 2013–2018
Table 92: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (ZAR Billion), 2009–2013
Table 93: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (ZAR Billion), 2013–2018
Table 94: South African Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Table 95: South African Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Table 96: South African Personal Accident and Health Insurance – Number of Agencies, 2009–2013
Table 97: South African Personal Accident and Health Insurance – Number of Agencies, 2013–2018
Table 98: South African Personal Accident and Health Insurance – E-Commerce Commission Paid (ZAR Billion), 2009–2013
Table 99: South African Personal Accident and Health Insurance – E-Commerce Commission Paid (ZAR Billion), 2013–2018
Table 100: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (ZAR Billion), 2009–2013
Table 101: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (ZAR Billion), 2013–2018
Table 102: South African Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Table 103: South African Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Table 104: South African Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2009–2013
Table 105: South African Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2013–2018
Table 106: South African Personal Accident and Health Insurance – Commission Paid to Brokers (ZAR Billion), 2009–2013
Table 107: South African Personal Accident and Health Insurance – Commission Paid to Brokers (ZAR Billion), 2013–2018
Table 108: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (ZAR Billion), 2009–2013
Table 109: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (ZAR Billion), 2013–2018
Table 110: South African Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Table 111: South African Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Table 112: South African Personal Accident and Health Insurance – Number of Brokers, 2009–2013
Table 113: South African Personal Accident and Health Insurance – Number of Brokers, 2013–2018
Table 114: South African Personal Accident and Health Insurance – Commission Paid to Other Channels (ZAR Billion), 2009–2013
Table 115: South African Personal Accident and Health Insurance – Commission Paid to Other Channels (ZAR Billion), 2013–2018
Table 116: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (ZAR Billion), 2009–2013
Table 117: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (ZAR Billion), 2013–2018
Table 118: South African Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Table 119: South African Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Table 120: South African Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2009–2013
Table 121: South African Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2013–2018
Table 122: South African Reinsurance by Category (ZAR Billion), 2009–2013
Table 123: South African Reinsurance by Category (US$ Billion), 2009–2013
Table 124: South African Reinsurance by Category (ZAR Billion), 2013–2018
Table 125: South African Reinsurance by Category (US$ Billion), 2013–2018
Table 126: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2009–2013
Table 127: South African Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2009–2013
Table 128: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2013–2018
Table 129: South African Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2013–2018
Table 130: South African Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 131: South African Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 132: South Africa – Life Insurance Regulatory Framework
Table 133: South Africa – Property Insurance Regulatory Framework
Table 134: South Africa – SASRIA Annual and Monthly Premium Rates
Table 135: South Africa – Motor Insurance Regulatory Framework
Table 136: South Africa – Corporate Tax Rates in South Africa for the Financial Year 2013–2014
Table 137: Shares of Key Insurers in the South African Personal Accident and Health  Insurance Segment (%), 2012
Table 138: Discovery Life Ltd, Key Facts
Table 139: Discovery Life Ltd, Key Financials (ZAR Million)
Table 140: Liberty Group Ltd, Key Facts
Table 141: Liberty Group Ltd, Key Financials (ZAR Million)
Table 142: Hollard Life Assurance Company Ltd, Key Facts
Table 143: Hollard Life Assurance Company Ltd, Key Financials (ZAR Million)
Table 144: MMI Group Ltd, Key Facts
Table 145: MMI Group Ltd, Key Financials (ZAR Million)
Table 146: Liberty Active Ltd, Key Facts
Table 147: Liberty Active Ltd, Key Financials (ZAR Million)
Table 148: Guardrisk Insurance Company Ltd, Key Facts
Table 149: Guardrisk Insurance Company Ltd, Key Financials (ZAR Million)
Table 150: Rand Mutual Assurance Company Ltd, Key Facts
Table 151: Rand Mutual Assurance Company Ltd, Key Financials (ZAR Million)
Table 152: Assupol Life, Key Facts
Table 153: Assupol Life, Key Financials (ZAR Million)
Table 154: Old Mutual Life Assurance Company Ltd, Key Facts
Table 155: Old Mutual Life Assurance Company Ltd, Key Financials (ZAR Million)
Table 156: Sanlam Life Insurance Ltd, Key Facts
Table 157: Sanlam Life Insurance Ltd, Key Financials (ZAR Million)
 

List of Figures

Figure 1: BRICS Region – A Snapshot of the Economies and Populations, 2011
Figure 2: BRICS Region – Growth Trends in the Insurance Industry
Figure 3: BRICS Region – GDP at Constant Prices (US$ Trillion) and Annual Per Capita Disposable Income (US$), 2007 and 2011
Figure 4: BRICS Region – Health Expenditure Per Capita (US$), 2007 and 2011
Figure 5: BRICS Insurance – Total Industry Values by Segment (US$ Billion), 2011
Figure 6: BRICS Personal Accident and Health Insurance – Growth Trends
Figure 7: BRICS Personal Accident and Health Insurance – Gross Written Premiums (US$ Billion), 2011
Figure 8: BRICS Personal Accident and Health Insurance – Premiums Per Capita (US$), 2011
Figure 9: BRICS Personal Accident and Health Insurance – Penetration (% of GDP), 2011 and 2016
Figure 10: BRICS Personal Accident and Health Insurance – Gross Written Premium Growth (%), 2007–2016
Figure 11: BRICS Personal Accident and Health Insurance – Gross Written Premium Capita Growth (%), 2007–2016
Figure 12: BRICS Personal Accident and Health Insurance – Loss Ratios (%), 2011 and 2016
Figure 13: BRICS Personal Accident and Health Insurance – Incurred Losses per Capita (US$), 2011 and 2016
Figure 14: BRICS Personal Accident and Health Insurance – Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 15: BRICS Direct Marketing – Share of Personal Accident and Health Insurance Gross Written Premium (%), 2007–2016
Figure 16: BRICS Bancassurance – Share of Personal Accident and Health Insurance Gross Written Premium (%), 2007–2016.
Figure 17: BRICS Agencies – Share of Personal Accident and Health insurance Gross Written Premium (%), 2007–2016
Figure 18: South African Insurance – Gross Written Premium by Segment (ZAR Billion), 2009–2018
Figure 19: South African Insurance – Dynamics by Segment, 2009–2018
Figure 20: South African Insurance – Direct Written Premium by Segment (ZAR Billion), 2009–2018
Figure 21: South African Insurance – Dynamics by Segment, Direct Written Premium (2009–2018)
Figure 22: South African Personal Accident and Health Insurance – Gross Written Premium by Category (ZAR Billion), 2009–2018
Figure 23: South African Personal Accident and Health Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 24: South African Personal Accident and Health Insurance – Dynamics by Category, 2009–2018
Figure 25: South African Personal Accident and Health Insurance – Direct Written Premium by Category (ZAR Billion), 2009–2018
Figure 26: South African Personal Accident and Health Insurance – Direct Written Premium by Category (Percentage Share), 2013 and  2018
Figure 27: South African Personal Accident and Health Insurance – Dynamics by Category, 2009–2018
Figure 28: South African Personal Accident and Health Insurance – Earned Premium (ZAR Billion), 2009–2013
Figure 29: South African Personal Accident and Health Insurance – Earned Premium (ZAR Billion), 2013–2018
Figure 30: South African Personal Accident and Health Insurance – Paid Claims by Category (ZAR Billion), 2009–2018
Figure 31: South African Personal Accident and Health Insurance – Incurred Loss by Category (ZAR Billion), 2009–2018
Figure 32: South African Personal Accident and Health Insurance – Retention by Category (ZAR Billion), 2009–2018
Figure 33: South African Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Figure 34: South African Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Figure 35: South African Personal Accident and Health Insurance – Commission and Expenses (ZAR Billion), 2009–2013
Figure 36: South African Personal Accident and Health Insurance – Commission and Expenses (ZAR Billion), 2013–2018
Figure 37: South African Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Figure 38: South African Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Figure 39: South African Personal Accident and Health Insurance – Frauds and Crimes (ZAR Billion), 2009–2013
Figure 40: South African Personal Accident and Health Insurance – Frauds and Crimes (ZAR Billion), 2013–2018
Figure 41: South African Personal Accident and Health Insurance – Total Assets (ZAR Billion), 2009–2013
Figure 42: South African Personal Accident and Health Insurance – Total Assets (ZAR Billion), 2013–2018
Figure 43: South African Personal Accident and Health Insurance – Total Investment Income (ZAR Billion), 2009–2013
Figure 44: South African Personal Accident and Health Insurance – Total Investment Income (ZAR Billion), 2013–2018
Figure 45: South African Personal Accident and Health Insurance – Retentions (ZAR Billion), 2009–2013
Figure 46: South African Personal Accident and Health Insurance – Retentions (ZAR Billion), 2013–2018
Figure 47: South African Personal Accident and Health Insurance – Investment Portfolio (ZAR Billion), 2009–2013
Figure 48: South African Personal Accident and Health Insurance – Investment Portfolio (Percentage Share), 2009 and 2013
Figure 49: South African Personal Accident and Health Insurance Penetration (% of GDP), 2009–2013
Figure 50: South African Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 51: South African Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 52: South African Personal Accident and Health Insurance – Premium Per Capita (ZAR), 2009–2013
Figure 53: South African Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 54: South African Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 55: South African Personal Accident Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Figure 56: South African Personal Accident Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Figure 57: South African Personal Accident Insurance – Loss Ratio (%), 2009–2013
Figure 58: South African Personal Accident Insurance – Loss Ratio (%), 2013–2018
Figure 59: South African Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 60: South African Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 61: South African Travel Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Figure 62: South African Travel Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Figure 63: South African Travel Insurance – Loss Ratio (%), 2009–2013
Figure 64: South African Travel Insurance – Loss Ratio (%), 2013–2018
Figure 67: South African  Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 68: South African Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 69: South African Health Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Figure 70: South African Health Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Figure 71: South African Health Insurance – Direct Written Premium (ZAR Billion), 2009–2013
Figure 72: South African Health Insurance – Direct Written Premium (ZAR Billion), 2013–2018
Figure 73: South African Health Insurance – Loss Ratio (%), 2009–2013
Figure 77: South African Personal Accident and Health Insurance – Gross Written Premium New Business by Distribution Channel (Percentage Share), 2013 and 2018
Figure 78: South African Personal Accident and Health Insurance – Direct Marketing Commission Paid (ZAR Billion), 2009–2013
Figure 79: South African Personal Accident and Health Insurance – Direct Marketing Commission Paid (ZAR Billion), 2013–2018
Figure 80: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (ZAR Billion), 2009–2013
Figure 81: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (ZAR Billion), 2013–2018
Figure 82: South African Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Figure 83: South African Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Figure 84: South African Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2009–2013
Figure 85: South African Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2013–2018
Figure 86: South African Personal Accident and Health Insurance – Bancassurance Commission Paid (ZAR Billion), 2009–2013
Figure 87: South African Personal Accident and Health Insurance – Bancassurance Commission Paid (ZAR Billion), 2013–2018
Figure 88: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (ZAR Billion), 2009–2013
Figure 89: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (ZAR Billion), 2013–2018
Figure 90: South African Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Figure 91: South African Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Figure 92: South African Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2009–2013
Figure 93: South African Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2013–2018
Figure 94: South African Personal Accident and Health Insurance – Commission Paid to Agencies (ZAR Billion), 2009–2013
Figure 95: South African Personal Accident and Health Insurance – Commission Paid to Agencies (ZAR Billion), 2013–2018
Figure 96: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (ZAR Billion), 2009–2013
Figure 97: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (ZAR Billion), 2013–2018
Figure 98: South African Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Figure 99: South African Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Figure 100: South African Personal Accident and Health Insurance – Number of Agencies, 2009–2013
Figure 101: South African Personal Accident and Health Insurance – Number of Agencies, 2013–2018
Figure 102: South African Personal Accident and Health Insurance – E-Commerce Commission Paid (ZAR Billion), 2009–2013
Figure 103: South African Personal Accident and Health Insurance – E-Commerce Commission Paid (ZAR Billion), 2013–2018
Figure 104: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (ZAR Billion), 2009–2013
Figure 105: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (ZAR Billion), 2013–2018
Figure 106: South African Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Figure 107: South African Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Figure 108: South African Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2009–2013
Figure 109: South African Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2013–2018
Figure 110: South African Personal Accident and Health Insurance – Commission Paid to Brokers (ZAR Billion), 2009–2013
Figure 111: South African Personal Accident and Health Insurance – Commission Paid to Brokers (ZAR Billion), 2013–2018
Figure 112: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (ZAR Billion), 2009–2013
Figure 113: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (ZAR Billion), 2013–2018
Figure 114: South African Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Figure 115: South African Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Figure 116: South African Personal Accident and Health Insurance – Number of Brokers, 2009–2013
Figure 117: South African Personal Accident and Health Insurance – Number of Brokers, 2013–2018
Figure 118: South African Personal Accident and Health Insurance – Commission Paid to Other Channels (ZAR Billion), 2009–2013
Figure 119: South African Personal Accident and Health Insurance – Commission Paid to Other Channels (ZAR Billion), 2013–2018
Figure 120: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (ZAR Billion), 2009–2013
Figure 121: South African Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (ZAR Billion), 2013–2018
Figure 122: South African Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Figure 123: South African Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Figure 124: South African Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2009–2013
Figure 125: South African Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2013–2018
Figure 126: South African Personal Accident and Health Insurance Segment – Five Forces Analysis
Figure 127: South African Premium Ceded to Reinsurance by Category (ZAR Billion), 2009–2018
Figure 128: South African Premium Ceded to Reinsurance by Category (Percentage Share), 2013 and 2018
Figure 129: South African Reinsurance – Dynamics by Category, 2009–2018
Figure 130: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2009–2018
Figure 131: South African Reinsurance – Dynamics by Type of Insurance, 2009–2018
Figure 132: South African Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 133: South African Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 134: South Africa – Insurance Regulatory Framework
Figure 135: South Africa – Insurance Supervision and Control at Various Levels
Figure 136: South Africa – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 137: Shares of Key Insurers in the South African Personal Accident and Health  Insurance Segment (%), 2012
Figure 138: Johannesburg Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 139: South African GDP at Constant Prices (US$ Billion), 2008–2012
Figure 140: South African GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 141: South African GDP at Current Prices (US$ Billion), 2008–2012
Figure 142: South African GDP Per Capita at Current Prices (US$), 2008–2012
Figure 143: South African GDP by Key Segments (%), 2008 and 2012
Figure 144: South African Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 145: South African Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 146: South African Manufacturing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 147: South African Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 148: South African Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2012
Figure 149: South African Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2008–2012
Figure 150: South African Construction Net Output at Current Prices (US$ Billion), 2008– 2012
Figure 151: South African Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 152: South African Inflation Rate (%), 2008–2012
Figure 153: South African Exports as a Percentage of GDP (%), 2008–2012
Figure 154: South African Imports as a Percentage of GDP (%), 2008–2012
Figure 155: South African Merchandise Exports Growth (%), 2008–2012
Figure 156: South African Merchandise Imports Growth (%), 2008–2012
Figure 157: South African Annual Average Exchange Rate US$–ZAR, 2008–2012
Figure 158: South African Commercial Vehicles Exports – Total Value (US$ Billion), 2007–2011
Figure 159: South African Commercial Vehicles Imports – Total Value (US$ Billion), 2007–2011
Figure 160: South African Automotive Exports – Total Value (US$ Billion), 2007–2011
Figure 161: South African Automotive Imports – Total Value (US$ Billion), 2007–2011
Figure 162: South African Internet Subscriptions (Millions), 2008–2012
Figure 163: South African Size of Labor Force (Millions), 2007–2011
Figure 164: South African Unemployment Rate (%), 2008–2012
Figure 165: South African Gross National Disposable Income (US$ Billion), 2008–2012
Figure 166: South African Household Consumption Expenditure (US$ Billion), 2008–2012
Figure 167: South African Total Population (Million), 2008–2012
Figure 168: South African Urban and Rural Population (%), 2008–2012
Figure 169: South African Population Distribution by Age (%), 2008–2012
  1. Discovery Life
  2. Liberty Group
  3. Hollard Life
  4. Momentum Group
  5. Liberty Active
  6. Guardrisk
  7. Rand Mutual Assurance
  8. Assupol
  9. Old Mutual
  10. Sanlam
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