»    »  Non-Life Insurance in South Africa, Key Trends and Opportunities to 2017

Non-Life Insurance in South Africa, Key Trends and Opportunities to 2017

Published OnAug, 2013
Pages282
License 
FormatPDF
Cement: 2014 Market Review and Forecast
Buy through us and save. We do not add any Tax / Duty including VAT,GST

Synopsis

The report provides in depth market analysis, information and insights into the South African non-life insurance segment , including:
• The South African non-life insurance segment’s growth prospects by non-life insurance categories
• Key trends and drivers for the non-life insurance segment
• The various distribution channels in the South African non-life insurance segment
• Detailed competitive landscape in the life insurance segment in South Africa
• Detailed regulatory framework of the South African insurance industry
• A description of the non-life reinsurance segment in South Africa
• Porter's Five Forces Analysis of the non-life insurance segment
• Benchmarking section on the South African non-life insurance segment in comparison to other BRICS countries

Summary

South Africa’s is the largest insurance industry in Africa, dominating the region by contributing more than half the total direct premiums in the non-life segment. The segment grew from a written premium value of ZAR59.7 billion (US$7.4 billion) in 2008 to ZAR79.8 billion (US$9.8 billion) in 2012, at a review-period (2008−2012) CAGR of 7.5%. This was backed by GDP growth, progress in the automobile and property sectors and a rise in public awareness with regards to insurance products. New regulations have spurred industry growth and South African non-life insurers are expected to gain exposure to global insurance industries as a result.

Scope

This report provides a comprehensive analysis of the non-life insurance segment in South Africa:
• It provides historical values for South Africa’s non-life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
• It offers a detailed analysis of the key sub-segments in South Africa’s non-life insurance segment, along with market forecasts until 2017
• 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 non-life insurance products in South Africa
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in South Africa for the non-life insurance business
• It provides a detailed analysis of the reinsurance segment in South Africa and its growth prospects
• It profiles the top non-life 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 non-life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the South African non-life insurance segment
• Assess the competitive dynamics in the non-life 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 market and its impact on companies and the market's future

Key Highlights

• Stable GDP growth, rising disposable income levels among consumers and increasing public awareness of insurance products have been the main growth drivers in the South African non-life insurance segment
• The stable economic growth of mining exports, agricultural commodities and the rapid rise of the nation’s services sector are expected to increase demand for non-life insurance products over the forecast period (2012−2017)
• An increase in penetration rates was supported by the government’s Black Economic Empowerment (BEE) program, which has enlarged the black middle-class population
• Property insurance is the largest category and accounted for a segmental share of 47.7% in 2012
• Motor insurance is the second-largest category and accounted for 44.3% of the segment in 2012



Table of Contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Non-Life Insurance
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Non-life insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Bancassurance
4.4.3 Agencies
5 South African Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends and Drivers
5.2.1 Business drivers
5.2.2 Consumer drivers
6 Non-Life Insurance Outlook
6.1 Non-Life Insurance Growth Prospects by Category
6.2 Property Insurance
6.2.1 Fire and allied perils insurance
6.2.2 Engineering insurance
6.2.3 Agriculture insurance
6.2.4 Other property insurance
6.3 Motor Insurance
6.3.1 Motor hull insurance
6.4 General Third-Party Insurance
6.5 Marine, Aviation and Transit Insurance
6.5.1 Marine insurance
6.5.2 Marine hull insurance
6.5.3 Aviation insurance
6.5.4 Transit 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 Non-Life Insurance
8.1 Bargaining Power of Suppliers: Low to Medium
8.2 Bargaining Power of Buyers: Low to Medium
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: Medium to High
8.5 Threat of Substitutes: Low
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Legislation Trends by Type of Insurance
9.2.1 Life insurance regulatory trends
9.2.2 Motor insurance regulatory trends
9.2.3 Marine insurance regulatory trends
9.2.4 Aviation insurance regulatory trends
9.2.5 Personal accident and health insurance regulatory trends
9.2.6 Property insurance regulatory trends
9.3 Compulsory Insurance
9.3.1 Unemployment insurance regulatory trends
9.3.2 Compensation for Occupational Diseases and Injuries Act
9.3.3 Public Liability Insurance
9.4 Supervision and Control
9.4.1 International Association of Insurance Supervisors
9.4.2 African Insurance Organization
9.4.3 Financial Services Board
9.5 Non-Admitted Insurance Regulatory Trends
9.5.1 Overview
9.5.2 Intermediaries
9.5.3 Market Practices
9.5.4 Fines and Penalties
9.6 Company Registration and Operations
9.6.1 Types of Insurance Organizations
9.6.2 Establishing Local Company
9.6.3 Foreign Ownership
9.6.4 Types of License
9.6.5 Capital Requirements
9.6.6 Solvency Margins
9.6.7 Reserve Requirements
9.6.8 Investment Regulations
9.6.9 Policy Terms and Conditions
9.7 Taxation
9.7.1 Insurance Premium or Policy Taxation
9.7.2 Corporate Tax
9.7.3 VAT
9.7.4 Captives
9.8 Legal System
9.8.1 Introduction
9.8.2 Access to Courts
9.8.3 Alternative Dispute Resolution (ADR)
10 Reinsurance Growth Dynamics and Challenges
10.1 Reinsurance Segment Size, 2008–2017
10.2 Reinsurance Segment Size by Type of Insurance, 2008–2017
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the South African Non-Life Insurance Segment
11.3 Comparison of the Top-Five Insurers
11.3.1 Gross written premium
11.3.2 Net earned premium
11.3.3 Gross claims
11.3.4 Paid claims
11.3.4.1 Loss ratio
11.3.5 Total assets
11.3.6 Investment income
11.4 Santam Ltd – Company Overview
11.4.1 Santam Ltd – key facts
11.4.2 Santam Ltd – key financials
11.5 Mutual & Federal Insurance Company Ltd – Company Overview
11.5.1 Mutual & Federal Insurance Company Ltd – key facts
11.5.2 Mutual & Federal Insurance Company Ltd – key financials
11.6 Hollard Insurance Company Ltd – Company Overview
11.6.1 Hollard Insurance Company Ltd – key facts
11.6.2 Hollard Insurance Company Ltd– key financials
11.7 OUTsurance Pty Ltd – Company Overview
11.7.1 OUTsurance Pty Ltd – key facts
11.7.2 OUTsurance Pty Ltd – key financials
11.8 Guardrisk Holdings Ltd – Company Overview
11.8.1 Guardrisk Holdings Ltd – key facts
1.8.2 Guardrisk Holdings Ltd – key financials
11.9 Zurich Insurance Company South Africa Ltd – Company Overview
11.9.1 Zurich Insurance Company South Africa Ltd – key facts
11.9.2 Zurich Insurance Company South Africa Ltd – key financials
11.1 Absa Bank Ltd – Company Overview
11.10.1 Absa Bank Ltd – key facts
11.10.2 Absa Bank Ltd – key financials
11.11 Auto & General Insurance Company Ltd – Company Overview
11.11.1 Auto & General Insurance Company Ltd – key facts
1.11.2 Auto & General Insurance Company Ltd– key financials
11.12 Centriq Insurance Company Ltd – Company Overview
11.12.1 Centriq Insurance Company Ltd – key facts
1.12.2 Centriq Insurance Company Ltd – key financials
11.13 Chartis South Africa Ltd – Company Overview
11.13.1 Chartis South Africa Ltd – key facts
1.13.2 Chartis South Africa 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, fishing net output at current prices (ZAR)
12.2.7 Agriculture, hunting, forestry, fishing net output at current prices (US$)
12.2.8 Agriculture, hunting, forestry, fishing net output at current prices as a percentage of GDP
12.2.9 Manufacturing net output at current prices (ZAR)
12.2.10 Manufacturing net output at current prices (US$)
12.2.11 Manufacturing net output at current prices as a percentage of GDP
12.2.12 Mining, manufacturing and utilities net output at current prices (ZAR)
12.2.13 Mining, manufacturing and utilities at current prices (US$)
12.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
12.2.15 Construction net output at current prices (ZAR)
12.2.16 Construction net output at current prices, (US$)
12.2.17 Construction net output at current prices as a percentage of GDP
12.2.18 Inflation rate
12.2.19 Exports as a percentage of GDP
12.2.20 Imports as a percentage of GDP
12.2.21 Exports growth
12.2.22 Imports growth
12.2.23 Annual average exchange rate ZAR–US$
12.3 Infrastructure Quality and Availability
12.3.1 Commercial vehicles exports
12.3.2 Commercial vehicles imports
12.3.3 Automotive exports
12.3.4 Automotive imports
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 Total population
12.5.3 Urban and rural population
12.5.4 Median age of population
12.5.5 Age distribution of the total population
13 Appendix
13.1 Methodology
13.2 Contact Us
13.3 About Timetric
13.4 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: South African Insurance – Overall Written Premium by Segment (ZAR Billion), 2008–2012
Table 3: South African Insurance – Overall Written Premium by Segment (US$ Billion), 2008–2012
Table 4: South African Insurance – Overall Written Premium by Segment (ZAR Billion), 2012–2017
Table 5: South African Insurance – Overall Written Premium by Segment (US$ Billion), 2012–2017
Table 6: South African Insurance – Segmentation (% Share), 2008–2017
Table 7: South African Non-Life Insurance – Written Premium by Category (ZAR Billion), 2008–2012
Table 8: South African Non-Life Insurance – Written Premium by Category (US$ Billion), 2008–2012
Table 9: South African Non-Life Insurance – Written Premium by Category (ZAR Billion), 2012–2017
Table 10: South African Non-Life Insurance – Written Premium by Category (US$ Billion), 2012–2017
Table 11: South African Non-Life Insurance – Earned Premium (ZAR Billion), 2008–2012
Table 12: South African Non-Life Insurance – Earned Premium (ZAR Billion), 2012–2017
Table 13: South African Non-Life Insurance – Paid Claims by Category (ZAR Billion), 2008–2012
Table 14: South African Non-Life Insurance – Paid Claims by Category (US$ Billion), 2008–2012
Table 15: South African Non-Life Insurance – Paid Claims by Category (ZAR Billion), 2012–2017
Table 16: South African Non-Life Insurance – Paid Claims by Category (US$ Billion), 2012–2017
Table 17: South African Non-Life Insurance – Incurred Loss by Category (ZAR Billion), 2008–2012
Table 18: South African Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2008–2012
Table 19: South African Non-Life Insurance – Incurred Loss by Category (ZAR Billion), 2012–2017
Table 20: South African Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2012–2017
Table 21: South African Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 22: South African Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 23: South African Non-Life Insurance – Commission and Expenses (ZAR Billion), 2008–2012
Table 24: South African Non-Life Insurance – Commission and Expenses (ZAR Billion), 2012–2017
Table 25: South African Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 26: South African Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 27: South African Non-Life Insurance – Frauds and Crimes (ZAR Billion), 2008–2012
Table 28: South African Non-Life Insurance – Frauds and Crimes (ZAR Billion), 2012–2017
Table 29: South African Non-Life Insurance – Total Assets (ZAR Billion), 2008–2012
Table 30: South African Non-Life Insurance – Total Assets (ZAR Billion), 2012–2017
Table 31: South African Non-Life Insurance – Total Investment Income (ZAR Billion), 2008–2012
Table 32: South African Non-Life Insurance – Total Investment Income (ZAR Billion), 2012–2017
Table 33: South African Non-Life Insurance – Retentions (ZAR Billion), 2008–2012
Table 34: South African Non-Life Insurance – Retentions (ZAR Billion), 2012–2017
Table 35: South African Property Insurance – Written Premium by Sub-Category (ZAR Billion), 2008–2012
Table 36: South African Property Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 37: South African Property Insurance – Written Premium by Sub-Category (ZAR Billion), 2012–2017
Table 38: South African Property Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 39: South African Property Insurance – Loss Ratio (%), 2008–2012
Table 40: South African Property Insurance – Loss Ratio (%), 2012–2017
Table 41: South African Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 42: South African Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 43: South African Fire and Allied Perils Insurance – Written Premium (ZAR Billion), 2008–2012
Table 44: South African Fire and Allied Perils Insurance – Written Premium (ZAR Billion), 2012–2017
Table 45: South African Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 46: South African Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 47: South African Engineering Insurance – Written Premium (ZAR Billion), 2008–2012
Table 48: South African Engineering Insurance – Written Premium (ZAR Billion), 2012–2017
Table 49: South African Agriculture Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 50: South African Agriculture Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 51: South African Agriculture Insurance – Written Premium (ZAR Billion), 2008–2012
Table 52: South African Agriculture Insurance – Written Premium (ZAR Billion), 2012–2017
Table 53: Other South African Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 54: Other South African Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 55: Other South African Property Insurance – Written Premium (ZAR Billion), 2008–2012
Table 56: Other South African Property Insurance – Written Premium (ZAR Billion), 2012–2017
Table 57: South African Motor Insurance – Written Premium by Sub-Category (ZAR Billion), 2008–2012
Table 58: South African Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 59: South African Motor Insurance – Written Premium by Sub-Category (ZAR Billion), 2012–2017
Table 60: South African Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 61: South African Motor Insurance Category – Loss Ratio (%), 2008–2012
Table 62: South African Motor Insurance – Loss Ratio (%), 2012–2017
Table 63: South African Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 64: South African Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 65: South African Motor Hull Insurance – Written Premium (ZAR Billion), 2008–2012
Table 66: South African Motor Hull Insurance – Written Premium (ZAR Billion), 2012–2017
Table 67: South African General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 68: South African General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 69: South African General Third-Party Insurance – Written Premium (ZAR Billion), 2008–2012
Table 70: South African General Third-Party Insurance – Written Premium (ZAR Billion), 2012–2017
Table 71: South African General Third-Party Insurance – Loss Ratio (%), 2008–2012
Table 72: South African General Third-Party Insurance – Loss Ratio (%), 2012–2017
Table 73: South African Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (ZAR Billion), 2008–2012
Table 74: South African Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 75: South African Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (ZAR Billion), 2012–2017
Table 76: South African Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 77: South African Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Table 78: South African Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Table 79: South African Marine Insurance – Written Premium by Policy (ZAR Million), 2008–2012
Table 80: South African Marine Insurance – Written Premium by Policy (US$ Million), 2008–2012
Table 81: South African Marine Insurance – Written Premium by Policy (ZAR Million), 2012–2017
Table 82: South African Marine Insurance – Written Premium by Policy (US$ Million), 2012–2017
Table 83: South African Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 84: South African Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 85: South African Marine Hull Insurance – Written Premium (ZAR Billion), 2008–2012
Table 86: South African Marine Hull Insurance – Written Premium (ZAR Billion), 2012–2017
Table 87: South African Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 88: South African Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 89: South African Aviation Insurance – Written Premium (ZAR Billion), 2008–2012
Table 90: South African Aviation Insurance – Written Premium (ZAR Billion), 2012–2017
Table 91: South African Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 92: South African Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 93: South African Transit Insurance – Written Premium (ZAR Billion), 2008–2012
Table 94: South African Transit Insurance – Written Premium (ZAR Billion), 2012–2017
Table 95: South African Non-Life Insurance – Direct Marketing Commission Paid (ZAR Billion), 2008–2012
Table 96: South African Non-Life Insurance – Direct Marketing Commission Paid (ZAR Billion), 2012–2017
Table 97: South African Non-Life Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2008–2012
Table 98: South African Non-Life Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2012–2017
Table 99: South African Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 100: South African Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 101: South African Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 102: South African Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 103: South African Non-Life Insurance – Bancassurance Commission Paid (ZAR Million), 2008–2012
Table 104: South African Non-Life Insurance – Bancassurance Commission Paid (ZAR Million), 2012–2017
Table 105: South African Non-Life Insurance – Written Premium Through Bancassurance (ZAR Billion), 2008–2012
Table 106: South African Non-Life Insurance – Written Premium Through Bancassurance (ZAR Billion), 2012–2017
Table 107: South African Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 108: South African Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 109: South African Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 110: South African Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 111: South African Non-Life Insurance – Commission Paid to Agencies (ZAR Million), 2008–2012
Table 112: South African Non-Life Insurance – Commission Paid to Agencies (ZAR Million), 2012–2017
Table 113: South African Non-Life Insurance – Written Premium Through Agencies (ZAR Billion), 2008–2012
Table 114: South African Non-Life Insurance – Written Premium Through Agencies (ZAR Billion), 2012–2017
Table 115: South African Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Table 116: South African Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Table 117: South African Non-Life Insurance – Number of Agencies, 2008–2012
Table 118: South African Non-Life Insurance – Number of Agencies, 2012–2017
Table 119: South African Non-Life Insurance – E-Commerce Commission Paid (ZAR Million), 2008–2012
Table 120: South African Non-Life Insurance – E-Commerce Commission Paid (ZAR Million),
Table 121: South African Non-Life Insurance – Written Premium Through E-Commerce (ZAR Billion), 2008–2012
Table 122: South African Non-Life Insurance – Written Premium Through E-Commerce (ZAR Billion), 2012–2017
Table 123: South African Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Table 124: South African Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Table 125: South African Non-Life Insurance – Number of E-Commerce Distributors, 2008–2012
Table 126: South African Non-Life Insurance – Number of E-Commerce Distributors, 2012–2017
Table 127: South African Non-Life Insurance – Commission Paid to Brokers (ZAR Million), 2008–2012
Table 128: South African Non-Life Insurance – Commission Paid to Brokers (ZAR Million), 2012–2017
Table 129: South African Non-Life Insurance – Written Premium Through Brokers (ZAR Billion), 2008–2012
Table 130: South African Non-Life Insurance – Written Premium Through Brokers (ZAR Billion), 2012–2017
Table 131: South African Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Table 132: South African Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Table 133: South African Non-Life Insurance – Number of Brokers, 2008–2012
Table 134: South African Non-Life Insurance – Number of Brokers, 2012–2017
Table 135: South African Non-Life Insurance – Commission Paid to Other Channels (ZAR Million), 2008–2012
Table 136: South African Non-Life Insurance – Commission Paid to Other Channels (ZAR Million), 2012–2017
Table 137: South African Non-Life Insurance – Written Premium Through Other Channels (ZAR Billion), 2008–2012
Table 138: South African Non-Life Insurance – Written Premium Through Other Channels (ZAR Billion), 2012–2017
Table 139: South African Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Table 140: South African Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Table 141: South African Non-Life Insurance – Number of Distributors in Other Channels, 2008–2012
Table 142: South African Non-Life Insurance – Number of Distributors in Other Channels, 2012–2017
Table 143: Corporate Tax Rates in South Africa for the Financial Year 2012–2013
Table 144: Reinsurance in South Africa by Category (ZAR Billion), 2008–2012
Table 145: Reinsurance in South Africa by Category (US$ Billion), 2008–2012
Table 146: Reinsurance in South Africa by Category (ZAR Billion), 2012–2017
Table 147: Reinsurance in South Africa by Category (US$ Billion), 2012–2017
Table 148: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2008–2012
Table 149: South African Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008–2012
Table 150: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2012–2017
Table 151: South African Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012–2017
Table 152: South African Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Table 153: South African Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Table 154: Shares of Key Insurers in the South African Non-Life Insurance Segment (%), 2011
Table 155: Santam Ltd, Key Financials (ZAR Million)
Table 156: Mutual & Federal Insurance Company Ltd – Key Facts
Table 157: OUTsurance Pty Ltd, Key Financials (ZAR Million)
Table 158: Guardrisk Holdings Ltd – Key Facts
Table 159: Zurich Insurance Company South Africa Ltd – Key Facts
Table 160: Zurich Insurance Company South Africa Ltd, Key Financials (ZAR Million)
Table 161: Auto & General Insurance Company Ltd– Key Facts
Table 162: Chartis South Africa Ltd– Key Facts
Table 163: Chartis South Africa 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 Non-Life Insurance – Growth Trends, 2007–2016
Figure 7: BRICS Non-Life Insurance – Gross Written Premiums (US$ Billion), 2011
Figure 8: BRICS Non-Life Insurance – Premium Per Capita (US$), 2011
Figure 9: BRICS Non-Life Insurance – Penetration (% of GDP), 2011 and 2016
Figure 10: BRICS Non-Life Insurance – Gross Written Premium Growth (%), 2007–2016
Figure 11: BRICS Non-Life Insurance – Gross Written Premium per Capita Growth (%)
Figure 12: BRICS Non-Life Insurance – Loss Ratios (%), 2011 and 2016
Figure 13: BRICS Non-Life Insurance – Combined Ratios (%), 2011 and 2016
Figure 14: BRICS Non-Life Insurance – Incurred Losses per Capita (US$), 2011 and 2016
Figure 15: BRICS Non-Life Insurance – Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 16: BRICS Direct Marketing – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 17: BRICS Bancassurance – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 18: BRICS Agencies – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 19: South African Insurance – Overall Written Premium by Segment (ZAR Billion), 2008–2017
Figure 20: South African Insurance – Dynamics by Segment (%), 2008–2017
Figure 21: South African Non-Life Insurance – Written Premium by Category (ZAR Billion),
Figure 22: South African Non-Life Insurance – Written Premium by Category (Percentage Share),
Figure 23: South African Non-Life Insurance – Dynamics by Category (%), 2008–2017
Figure 24: South African Non-Life Insurance – Earned Premium (ZAR Billion), 2008–2012
Figure 25: South African Non-Life Insurance – Earned Premium (ZAR Billion), 2012–2017
Figure 26: South African Non-Life Insurance – Paid Claims by Category (ZAR Billion), 2008–2017
Figure 27: South African Non-Life Insurance – Incurred Loss by Category (ZAR Billion), 2008–2017
Figure 28: South African Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 29: South African Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 30: South African Non-Life Insurance – Commission and Expenses (ZAR Billion),
Figure 31: South African Non-Life Insurance – Commission and Expenses (ZAR Billion),
Figure 32: South African Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 33: South African Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 34: South African Non-Life Insurance – Frauds and Crimes (ZAR Billion), 2008–2012
Figure 35: South African Non-Life Insurance – Frauds and Crimes (ZAR Billion), 2012–2017
Figure 36: South African Non-Life Insurance – Total Assets (ZAR Billion), 2008–2012
Figure 37: South African Non-Life Insurance – Total Assets (ZAR Billion), 2012–2017
Figure 38: South African Non-Life Insurance – Total Investment Income (ZAR Billion), 2008–2012
Figure 39: South African Non-Life Insurance – Total Investment Income (ZAR Billion), 2012–2017
Figure 40: South African Non-Life Insurance – Retentions (ZAR Billion), 2008–2012
Figure 41: South African Non-Life Insurance – Retentions (ZAR Billion), 2012–2017
Figure 42: South African Non-Life Insurance – Investment Portfolio (ZAR Billion), 2008–2012
Figure 43: South African Non-Life Insurance – Investment Portfolio (Percentage Share), 2008 and 2012
Figure 44: South African Non-Life Insurance – Penetration (%), 2008–2012
Figure 45: South African Non-Life Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 46: South African Non-Life Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 47: South African Non-Life Insurance – Premium Per Capita (ZAR), 2008–2012
Figure 48: South African Property Insurance – Written Premium (ZAR Billion) by Sub-Category, 2008–2017
Figure 49: South African Property Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 50: South African Property Insurance – Loss Ratio (%), 2008–2012
Figure 51: South African Property Insurance – Loss Ratio (%), 2012–2017
Figure 52: South African Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 53: South African Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 54: South African Fire and Allied Perils Insurance – Written Premium (ZAR Billion), 2008–2012
Figure 55: South African Fire and Allied Perils Insurance – Written Premium (ZAR Billion), 2012–2017
Figure 56: South African Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 57: South African Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 58: South African Engineering Insurance – Written Premium (ZAR Billion), 2008–2012
Figure 59: South African Engineering Insurance – Written Premium (ZAR Billion), 2012–2017
Figure 60: South African Agriculture Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 61: South African Agriculture Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 62: South African Agriculture Insurance – Written Premium (ZAR Billion), 2008–2012
Figure 63: South African Agriculture Insurance – Written Premium (ZAR Billion), 2012–2017
Figure 64: Other South African Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 65: Other South African Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 66: Other South African Property Insurance – Written Premium (ZAR Billion), 2008–2012
Figure 67: Other South African Property Insurance – Written Premium (ZAR Billion), 2012–2017
Figure 68: South African Motor Insurance – Written Premium by Sub-Category (ZAR Billion), 2008–2017
Figure 69: South African Motor Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 70: South African Motor Insurance – Loss Ratio (%), 2008–2012
Figure 71: South African Motor Insurance – Loss Ratio (%), 2012–2017
Figure 72: South African Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 73: South African Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 74: South African Motor Hull Insurance – Written Premium (ZAR Billion), 2008–2012
Figure 75: South African Motor Hull Insurance – Written Premium (ZAR Billion), 2012–2017
Figure 76: South African General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 77: South African General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 78: South African General Third-Party Insurance – Written Premium (ZAR Billion), 2008–2012
Figure 79: South African General Third-Party Insurance – Written Premium (ZAR Billion), 2012–2017
Figure 80: South African General Third-Party Insurance – Loss Ratio (%), 2008–2012
Figure 81: South African General Third-Party Insurance – Loss Ratio (%), 2012–2017
Figure 82: South African Marine, Aviation and Transit Insurance – Written Premium (ZAR Billion), 2008–2017
Figure 83: South African Marine, Aviation and Transit Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 84: South African Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Figure 85: South African Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Figure 86: South African Marine Insurance – Written Premium by Policy (ZAR Billion), 2008–2017
Figure 87: South African Marine Insurance – Dynamics by Policy, 2008–2017
Figure 88: South African Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 89: South African Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 90: South African Marine Hull Insurance – Written Premium (ZAR Billion), 2008–2012
Figure 91: South African Marine Hull Insurance – Written Premium (ZAR Billion), 2012–2017
Figure 92: South African Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 93: South African Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 94: South African Aviation Insurance – Written Premium (ZAR Billion), 2008–2012
Figure 95: South African Aviation Insurance – Written Premium (ZAR Billion), 2012–2017
Figure 96: South African Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 97: South African Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 98: South African Transit Insurance – Written Premium (ZAR Billion), 2008–2012
Figure 99: South African Transit Insurance – Written Premium (ZAR Billion), 2012–2017
Figure 100: South African Non-Life Insurance – Written Premium by Distribution Channel (Percentage Share), 2012 and 2017
Figure 101: South African Non-Life Insurance – Direct Marketing Commission Paid (ZAR Billion), 2008–2012
Figure 102: South African Non-Life Insurance – Direct Marketing Commission Paid (ZAR Billion), 2012–2017
Figure 103: South African Non-Life Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2008–2012
Figure 104: South African Non-Life Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2012–2017
Figure 105: South African Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Figure 106: South African Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Figure 107: South African Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Figure 108: South African Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Figure 109: South African Non-Life Insurance – Bancassurance Commission Paid (ZAR Million), 2008–2012
Figure 110: South African Non-Life Insurance – Bancassurance Commission Paid (ZAR Million), 2012–2017
Figure 111: South African Non-Life Insurance – Written Premium Through Bancassurance (ZAR Billion), 2008–2012
Figure 112: South African Non-Life Insurance – Written Premium Through Bancassurance (ZAR Billion), 2012–2017
Figure 113: South African Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Figure 114: South African Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Figure 115: South African Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Figure 116: South African Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Figure 117: South African Non-Life Insurance – Commission Paid to Agencies (ZAR Million), 2008–2012
Figure 118: South African Non-Life Insurance – Commission Paid to Agencies (ZAR Million), 2012–2017
Figure 119: South African Non-Life Insurance – Written Premium Through Agencies (ZAR Billion), 2008–2012
Figure 120: South African Non-Life Insurance – Written Premium Through Agencies (ZAR Billion), 2012–2017
Figure 121: South African Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Figure 122: South African Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Figure 123: South African Non-Life Insurance – Number of Agencies, 2008–2012
Figure 124: South African Non-Life Insurance – Number of Agencies, 2012–2017
Figure 125: South African Non-Life Insurance – E-Commerce Commission Paid (ZAR Million), 2008–2012
Figure 126: South African Non-Life Insurance – E-Commerce Commission Paid (ZAR Million), 2012–2017
Figure 127: South African Non-Life Insurance – Written Premium Through E-Commerce (ZAR Billion), 2008–2012
Figure 128: South African Non-Life Insurance – Written Premium Through E-Commerce (ZAR Billion), 2012–2017
Figure 129: South African Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Figure 130: South African Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Figure 131: South African Non-Life Insurance – Number of E-Commerce Distributors, 2008–2012
Figure 132: South African Non-Life Insurance – Number of E-Commerce Distributors, 2012–2017
Figure 133: South African Non-Life Insurance – Commission Paid to Brokers (ZAR Million), 2008–2012
Figure 134: South African Non-Life Insurance – Commission Paid to Brokers (ZAR Million), 2012–2017
Figure 135: South African Non-Life Insurance – Written Premium Through Brokers (ZAR Billion), 2008–2012
Figure 136: South African Non-Life Insurance – Written Premium Through Brokers (ZAR Billion), 2012–2017
Figure 137: South African Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Figure 138: South African Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Figure 139: South African Non-Life Insurance – Number of Brokers, 2008–2012
Figure 140: South African Non-Life Insurance – Number of Brokers, 2012–2017
Figure 141: South African Non-Life Insurance – Commission Paid to Other Channels (ZAR Million), 2008–2012
Figure 142: South African Non-Life Insurance – Commission Paid to Other Channels (ZAR Million), 2012–2017
Figure 143: South African Non-Life Insurance – Written Premium Through Other Channels (ZAR Billion), 2008–2012
Figure 144: South African Non-Life Insurance – Written Premium Through Other Channels (ZAR Billion), 2012–2017
Figure 145: South African Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Figure 146: South African Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Figure 147: South African Non-Life Insurance – Number of Distributors in Other Channels, 2008–2012
Figure 148: South African Non-Life Insurance – Number of Distributors in Other Channels, 2012–2017
Figure 149: South African Non-Life Insurance – Five Forces Analysis
Figure 150: Insurance Regulatory Frameworks in South Africa
Figure 151: Insurance Supervision and Control at Various Levels
Figure 152: Insurance Regulatory Frameworks for Company Registration and Operation
Figure 153: South African Premium Ceded to Reinsurance by Category (ZAR Billion), 2008–2017
Figure 154: South African Reinsurance – Dynamics by Category (%), 2008–2017
Figure 155: South African Premium Ceded to Reinsurance by Insurance Segment (ZAR Billion), 2008–2017
Figure 156: South African Reinsurance – Dynamics by Insurance Segment (%), 2008–2017
Figure 157: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2008–2017
Figure 158: South African Reinsurance – Dynamics by Type of Insurance (%), 2008–2017
Figure 159: South African Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Figure 160: South African Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Figure 161: Shares of Key Insurers in the South African Non-Life Insurance Segment (%), 2011
Figure 162: Gross Written Premium – Top-Five South African Non-Life Insurers, 2011
Figure 163: Net Earned Premium – Top Five South African Non-Life Insurers, 2011
Figure 164: Gross Claims – Top Five South African Non-Life Insurers, 2011
Figure 165: Paid Claims – Top Five South African Non-Life Insurers, 2011
Figure 166: Loss Ratio – Top Five South African Non-Life Insurers, 2011
Figure 167: Total Assets – Top Five South African Non-Life Insurers, 2011
Figure 168: Investment Income – Top Five South African Non-Life Insurers, 2011
Figure 169: Johannesburg Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 170: South African GDP at Constant Prices (US$ Billion), 2007–2011
Figure 171: South African GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 172: South African GDP at Current Prices (US$ Billion), 2007–2011
Figure 173: South African GDP Per Capita at Current Prices (US$), 2007–2011
Figure 174: South African GDP by Key Segments (%) 2009 and 2011
Figure 175: South African Agriculture, Hunting, Forestry, Fishing Net Output at Current Prices (ZAR Billion), 2007–2011
Figure 176: South African Agriculture, Hunting, Forestry, Fishing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 177: South African Agriculture, Hunting, Forestry, Fishing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 178: South African Manufacturing Net Output at Current Prices (ZAR Billion), 2007–2011
Figure 179: South African Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 180: South African Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 181: South African Mining, Manufacturing and Utilities Net Output at Current Prices (ZAR Billion), 2007–2011
Figure 182: South African Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 183: South African Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 184: South African Construction Net Output at Current Prices (ZAR Billion), 2007–2011
Figure 185: South African Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 186: South African Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 187: South African Inflation Rate (%), 2007–2011
Figure 188: South African Exports as a Percentage of GDP (%), 2007–2011
Figure 189: South African Imports as a Percentage of GDP (%), 2007–2011
Figure 190: South African Exports Growth (%), 2007–2011
Figure 191: South African Imports Growth (%), 2007–2011
Figure 192: South African Annual Average Exchange Rate US$–ZAR, 2007–2011
Figure 193: South African Commercial Vehicles Exports (US$ Million), 2007–2011
Figure 194: South African Commercial Vehicles Imports (US$ Million), 2007–2011
Figure 195: South African Automotive Exports (US$ Million), 2007–2011
Figure 196: South African Automotive Imports (US$ Million), 2007–2011
Figure 197: South African Internet Subscriptions (Millions), 2007–2011
Figure 198: South Africa’s Labor Force in the 15–59 Age Group (Million), 2007–2010
Figure 199: South African Unemployment Rate (%), 2007–2012
Figure 200: South African Gross National Disposable Income (US$ Billion), 2007–2011
Figure 201: South African Total Population (Million), 2007–2011
Figure 202: South African Urban and Rural Population (%), 2007–2011
Figure 203: South African Median Age of Population (Year), 2007–2011
Figure 204: South African Population Distribution by Age (%), 2007–2011



Non-Life Insurance Policies and Premiums in South Africa to 2019: Market Databook
Synopsis"Non-Life Insurance Policies and Premiums in South Africa to 2019: Market Databook" contains detailed historic and forecast data covering policies and premiums in the non life insurance industry in South Africa . This databook provides data on gross written premiums, net earned premiums, insurance density and insurance penetrationSummaryThi
Industry Dynamics and Competitive Landscape in the South Africa Non-Life Insurance Industry to 2019: Market Profile
Synopsis"Industry Dynamics and Competitive Landscape in the South Africa Non-Life Insurance Industry to 2019: Market Profile" is the result of extensive research into the non life insurance segment in South Africa, covering its dynamics and competitive landscape.It provides insights on the market size and forecast of the segment and the personal ac
Non-Life Insurance Claims and Expenses in South Africa to 2019: Market Databook
Synopsis"Non-Life Insurance Claims and Expenses in South Africa to 2019: Market Databook" contains detailed historic and forecast data covering claims and expenses in the non life insurance industry in South Africa . This databook provides data on gross claims, paid claims, change in outstanding reserves, incurred loss, loss ratio percentage, commi
Non-Life Insurance Investments in South Africa to 2019: Market Databook
Synopsis"Non-Life Insurance Investments in South Africa to 2019: Market Databook" contains detailed historic and forecast data covering investments in the non life insurance industry in South Africa . This databook provides data on corporate bonds, investment funds, cash in bank/hand, other investments and total investment incomeSummaryThis report
Non-Life Insurance Premiums and Claims in South Africa to 2019: Market Brief
'Non-Life Insurance Premiums and Claims in South Africa to 2019: Market Brief' contains detailed historic and forecast data covering premiums and claims in the non life insurance industry in South Africa. This market brief provides data on gross written premiums, insurance penetration, gross claims, paid claims, incurred loss, loss ratio percentage

Enquiry Form

Please fill out the form. Our executive will get back to you within 24 hours.

Name *
Email *
Phone *
Company *
Designation *
Enquire AboutNon-Life Insurance in South Africa, Key Trends and Opportunities to 2017
Message
captcha code
Note: * Denotes Required Fields.

Contact Us


Market Reports on South Africa


808, Real Tech Park,
8th Floor, Sector - 30A,
Vashi, Navi Mumbai - 400703, India.

India: +91 22 27810772, 27810773
Email: info@marketreportsonsouthafrica.com

Hours: Mon to Sat 8:00 AM to 8:00 PM IST
Custom Research

If above report doesn't have the business information suitable for your business, we can provide custom research that would be lucrative for your business or enhance your profession. We leverage most comprehensive, affordable, high-quality custom research which will match exact topic & specifications of your choice.
Please visit Custom Research page to make an enquiry.