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Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017

Published OnAug, 2013
Pages236
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FormatPDF
Cement: 2014 Market Review and Forecast
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Synopsis

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
• Detailed competitive landscape in the personal accident and health insurance segment in South Africa
• 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
• Benchmarking section on the South African personal accident and health insurance segment in comparison to other BRICS countries

Summary

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 overall South African 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 HIV-infected people, as well as medical savings initiatives, will ensure steady growth for the segment over the forecast period.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in South Africa:
• It provides historical values for South Africa's personal accident and health 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 personal accident and health 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 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 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 insurance segment grew at a CAGR of 10.7% during the review period (2008–2012)
• This robust growth was supported by the country’s increasing per capita income levels, GDP growth, favorable insurance reforms, and financial and healthcare service expansions
• The main growth driver for personal accident and health insurance during the review period was the launch of HIV/AIDS insurance by both health and life insurers, which was purchased by a large number of the country’s formerly uninsured population
• Insurers in South Africa pioneered the offering of anti-retroviral therapy for HIV-infected patients
• In addition, the rapid infrastructure construction for the FIFA World Cup provided an abnormally large growth in personal accident and health insurance premiums in 2010



Table of Contents

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 Segment
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Personal accident and health 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 Incurred losses per capita
4.3.3 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
6 Personal Accident and Health Insurance Outlook
6.1 Personal Accident and Health Insurance Growth Prospects by Category
6.1.1 Personal accident
6.1.2 Travel insurance
6.1.3 Health insurance
6.1.4 Non-life 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, 2008–2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008–2017
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation Trends by Type of Insurance
10.2.1 Life insurance regulatory trends
10.2.2 Motor insurance regulatory trends
10.2.3 Marine insurance regulatory trends
10.2.4 Aviation insurance regulatory trends
10.2.5 Personal accident and health insurance regulatory trends
10.2.6 Property insurance regulatory trends
10.3 Compulsory Insurance
10.3.1 Unemployment insurance regulatory trends
10.3.2 Compensation for Occupational Diseases and Injuries Act
10.3.3 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 Regulatory Trends
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 Organizations
10.6.2 Establishing 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 Policy Terms and Conditions
10.7 Taxation
10.7.1 Insurance Premium or Policy Taxation
10.7.2 Corporate Tax
10.7.3 VAT
10.7.4 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to Courts
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 Liberty Active Ltd – Company Overview
11.5.1 Liberty Active Ltd – key facts
11.5.2 Liberty Active Ltd – key financials
11.6 MMI Group Ltd – Company Overview
11.6.1 MMI Group Ltd – key facts
11.6.2 MMI Group Ltd – key financials
11.7 Hollard Insurance Company Ltd – Company Overview
11.7.1 Hollard Insurance Company Ltd – key facts
11.7.2 Hollard Insurance Company Ltd– key financials
11.8 Rand Mutual Assurance Company Ltd – Company Overview
11.8.1 Rand Mutual Assurance Company Ltd – key facts
11.8.2 Rand Mutual Assurance – key financials
11.9 Guardrisk Holdings Ltd – Company Overview
11.9.1 Guardrisk Holdings Ltd – key facts
1.8.2 Guardrisk Holdings Ltd – key financials
11.1 Sanlam Life Insurance Ltd – Company Overview
11.10.1 Sanlam Life Insurance Ltd – key facts
11.10.2 Sanlam Life Insurance Ltd – key financials
11.11 Old Mutual Life Assurance Company (South Africa) Ltd – Company Overview
11.11.1 Old Mutual Life Assurance Company (South Africa) Ltd – key facts
11.11.2 Old Mutual Life Assurance Company (South Africa) Ltd – key financials
11.12 Chartis Life South Africa Ltd– Company Overview
11.12.1 Chartis Life South Africa Ltd – key facts
11.12.2 Chartis Life 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 Personal Accident and Health Insurance – Written Premium by Category (ZAR Billion), 2008–2012
Table 8: South African Personal Accident and Health Insurance – Written Premium by Category (US$ Billion), 2008–2012
Table 9: South African Personal Accident and Health Insurance – Written Premium by Category (ZAR Billion), 2012–2017
Table 10: South African Personal Accident and Health Insurance – Written Premium by Category (US$ Billion), 2012–2017
Table 11: South African Personal Accident and Health Insurance – Earned Premium (ZAR Billion), 2008–2012
Table 12: South African Personal Accident and Health Insurance – Earned Premium (ZAR Billion), 2012–2017
Table 13: South African Personal Accident and Health Insurance – Paid Claims by Category (ZAR Billion), 2008–2012
Table 14: South African Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2008–2012
Table 15: South African Personal Accident and Health Insurance – Paid Claims by Category (ZAR Billion), 2012–2017
Table 16: South African Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2012–2017
Table 17: South African Personal Accident and Health Insurance – Incurred Loss by Category (ZAR Billion), 2008–2012
Table 18: South African Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2008–2012
Table 19: South African Personal Accident and Health Insurance – Incurred Loss by Category (ZAR Billion), 2012–2017
Table 20: South African Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2012–2017
Table 21: South African Personal Accident and Health Insurance – Loss Ratio (%), 2008–2012
Table 22: South African Personal Accident and Health Insurance – Loss Ratio (%), 2012–2017
Table 23: South African Personal Accident and Health Insurance – Commission and Expenses (ZAR Billion), 2008–2012
Table 24: South African Personal Accident and Health Insurance – Commission and Expenses (ZAR Billion), 2012–2017
Table 25: South African Personal Accident and Health Insurance – Combined Ratio (%), 2008–2012
Table 26: South African Personal Accident and Health Insurance – Combined Ratio (%), 2012–2017
Table 27: South African Personal Accident and Health Insurance – Frauds and Crimes (ZAR Million), 2008–2012
Table 28: South African Personal Accident and Health Insurance – Frauds and Crimes (ZAR Million), 2012–2017
Table 29: South African Personal Accident and Health Insurance – Total Assets (ZAR Billion), 2008–2012
Table 30: South African Personal Accident and Health Insurance – Total Assets (ZAR Billion), 2012–2017
Table 31: South African Personal Accident and Health Insurance – Total Investment Income (ZAR Billion), 2008–2012
Table 32: South African Personal Accident and Health Insurance – Total Investment Income (ZAR Billion), 2012–2017
Table 33: South African Personal Accident and Health Insurance – Retentions (ZAR Billion), 2008–2012
Table 34: South African Personal Accident and Health Insurance – Retentions (ZAR Billion), 2012–2017
Table 35: South African Personal Accident Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 36: South African Personal Accident Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 37: South African Personal Accident Insurance – Written Premium (ZAR Billion), 2008–2012
Table 38: South African Personal Accident Insurance – Written Premium (ZAR Billion), 2012–2017
Table 39: South African Personal Accident Insurance – Loss Ratio (%), 2008–2012
Table 40: South African Personal Accident Insurance – Loss Ratio (%), 2012–2017
Table 41: South African Travel Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 42: South African Travel Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 43: South African Travel Insurance – Written Premium (ZAR Million), 2008–2012
Table 44: South African Travel Insurance – Written Premium (ZAR Million), 2012–2017
Table 45: South African Travel Insurance – Loss Ratio (%), 2008–2012
Table 46: South African Travel Insurance – Loss Ratio (%), 2012–2017
Table 47: South African Health Insurance – Written Premium (ZAR Billion), 2008–2012
Table 48: South African Health Insurance – Written Premium (US$ Billion), 2008–2012
Table 49: South African Health Insurance – Written Premium (ZAR Billion), 2012–2017
Table 50: South African Health Insurance – Written Premium (US$ Billion), 2012–2017
Table 51: South African Non-Life Health Insurance – Number of Policies Sold (Thousand),
Table 52: South African Non-Life Health Insurance – Number of Policies Sold (Thousand),
Table 53: South African Non-Life Health Insurance – Written Premium (ZAR Billion), 2008–2012
Table 54: South African Non-Life Health Insurance – Written Premium (ZAR Billion), 2012–2017
Table 55: South African Non-Life Health Insurance – Loss Ratio (%), 2008–2012
Table 56: South African Non-Life Health Insurance – Loss Ratio (%), 2012–2017
Table 57: South African Personal Accident and Health Insurance – Direct Marketing Commission Paid (ZAR Million), 2008–2012
Table 58: South African Personal Accident and Health Insurance – Direct Marketing Commission Paid (ZAR Million), 2012–2017
Table 59: South African Personal Accident and Health Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2008–2012
Table 60: South African Personal Accident and Health Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2012–2017
Table 61: South African Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 62: South African Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 63: South African Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 64: South African Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 65: South African Personal Accident and Health Insurance – Bancassurance Commission Paid (ZAR Million), 2008–2012
Table 66: South African Personal Accident and Health Insurance – Bancassurance Commission Paid (ZAR Million), 2012–2017
Table 67: South African Personal Accident and Health Insurance – Written Premium Through Bancassurance (ZAR Billion), 2008–2012
Table 68: South African Personal Accident and Health Insurance – Written Premium Through Bancassurance (ZAR Billion), 2012–2017
Table 69: South African Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 70: South African Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 71: South African Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2008–2012
Table 72: South African Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2012–2017
Table 73: South African Personal Accident and Health Insurance – Commission Paid to Agencies (ZAR Million), 2008–2012
Table 74: South African Personal Accident and Health Insurance – Commission Paid to Agencies (ZAR Million), 2012–2017
Table 75: South African Personal Accident and Health Insurance – Written Premium Through Agencies (ZAR Billion), 2008–2012
Table 76: South African Personal Accident and Health Insurance – Written Premium Through Agencies (ZAR Billion), 2012–2017
Table 77: South African Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Table 78: South African Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Table 79: South African Personal Accident and Health Insurance – Number of Agencies, 2008–2012
Table 80: South African Personal Accident and Health Insurance – Number of Agencies, 2012–2017
Table 81: South African Personal Accident and Health Insurance – E-Commerce Commission Paid (ZAR Million), 2008–2012
Table 82: South African Personal Accident and Health Insurance – E-Commerce Commission Paid (ZAR Million), 2012–2017
Table 83: South African Personal Accident and Health Insurance – Written Premium Through E-Commerce (ZAR Billion), 2008–2012
Table 84: South African Personal Accident and Health Insurance – Written Premium Through E-Commerce (ZAR Billion), 2012–2017
Table 85: South African Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Table 86: South African Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Table 87: South African Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2008–2012
Table 88: South African Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2012–2017
Table 89: South African Personal Accident and Health Insurance – Commission Paid to Brokers (ZAR Million), 2008–2012
Table 90: South African Personal Accident and Health Insurance – Commission Paid to Brokers (ZAR Million), 2012–2017
Table 91: South African Personal Accident and Health Insurance – Written Premium Through Brokers (ZAR Billion), 2008–2012
Table 92: South African Personal Accident and Health Insurance – Written Premium Through Brokers (ZAR Billion), 2012–2017
Table 93: South African Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Table 94: South African Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Table 95: South African Personal Accident and Health Insurance – Number of Brokers, 2008–2012
Table 96: South African Personal Accident and Health Insurance – Number of Brokers, 2012–2017
Table 97: South African Personal Accident and Health Insurance – Commission Paid to Other Channels (ZAR Million), 2008–2012
Table 98: South African Personal Accident and Health Insurance – Commission Paid to Other Channels (ZAR Million), 2012–2017
Table 99: South African Personal Accident and Health Insurance – Written Premium Through Other Channels (ZAR Billion), 2008–2012
Table 100: South African Personal Accident and Health Insurance – Written Premium Through Other Channels (ZAR Billion), 2012–2017
Table 101: South African Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Table 102: South African Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Table 103: South African Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2008–2012
Table 104: South African Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2012–2017
Table 105: Reinsurance in South Africa by Category (ZAR Billion), 2008–2012
Table 106: Reinsurance in South Africa by Category (US$ Billion), 2008–2012
Table 107: Reinsurance in South Africa by Category (ZAR Billion), 2012–2017
Table 108: Reinsurance in South Africa by Category (US$ Billion), 2012–2017
Table 109: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2008–2012
Table 110: South African Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008–2012
Table 111: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2012–2017
Table 112: South African Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012–2017
Table 113: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 114: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 115: Corporate Tax Rates in South Africa for the Financial Year 2012–2013
Table 116: Shares of Key Insurers in the South African Personal Accident and Health Insurance Segment (%), 2011
Table 117: Discovery Life Ltd, Key Facts
Table 118: Discovery Life Ltd, Key Financials ( ZAR Million)
Table 119: Liberty Group Ltd, Key Facts
Table 120: Liberty Group Ltd, Key Financials ( ZAR Million)
Table 121: Liberty Active Ltd, Key Facts
Table 122: Liberty Active Ltd, Key Financials ( ZAR Million)
Table 123: MMI Group Ltd, Key Facts
Table 124: MMI Group Ltd, Key Financials ( ZAR Million)
Table 125: Hollard Insurance Company Ltd – Key Facts
Table 126: Hollard Insurance Company Ltd, Key Financials ( ZAR Million)
Table 127: Rand Mutual Assurance Company Ltd – Key Facts
Table 128: Rand Mutual Assurance Company Ltd, Key Financials ( ZAR Million)
Table 129: Guardrisk Holdings Ltd – Key Facts
Table 130: Guardrisk Holdings Ltd, Key Financials ( ZAR Million)
Table 131: Sanlam Life Insurance Ltd, Key Facts
Table 132: Sanlam Life Insurance Ltd, Key Financials ( ZAR Million)
Table 133: Old Mutual Life Assurance Company (South Africa) Ltd, Key Facts
Table 134: Old Mutual Life Assurance Company (South Africa) Ltd, Key Financials ( ZAR Million)
Table 135: Chartis Life South Africa Ltd, Key Facts
Table 136: Chartis Life 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 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 – Overall Written Premium by Segment (ZAR Billion), 2008–2017
Figure 19: South African Insurance – Dynamics by Segment (%), 2008–2017
Figure 20: South African Personal Accident and Health Insurance – Written Premium by Category (ZAR Billion), 2008–2017
Figure 21: South African Personal Accident and Health Insurance – Written Premium by Category (Percentage Share), 2012 and 2017
Figure 22: South African Personal Accident and Health Insurance – Dynamics by Category (%), 2008–2017
Figure 23: South African Personal Accident and Health Insurance – Earned Premium (ZAR Billion), 2008–2012
Figure 24: South African Personal Accident and Health Insurance – Earned Premium (ZAR Billion), 2012–2017
Figure 25: South African Personal Accident and Health Insurance – Paid Claims by Category (ZAR Billion), 2008–2017
Figure 26: South African Personal Accident and Health Insurance – Incurred Loss by Category (ZAR Billion), 2008–2017
Figure 27: South African Personal Accident and Health Insurance – Loss Ratio (%), 2008–2012
Figure 28: South African Personal Accident and Health Insurance – Loss Ratio (%), 2012–2017
Figure 29: South African Personal Accident and Health Insurance – Commission and Expenses (ZAR Billion), 2008–2012
Figure 30: South African Personal Accident and Health Insurance – Commission and Expenses (ZAR Billion), 2012–2017
Figure 31: South African Personal Accident and Health Insurance – Combined Ratio (%), 2008–2012
Figure 32: South African Personal Accident and Health Insurance – Combined Ratio (%), 2012–2017
Figure 33: South African Personal Accident and Health Insurance – Frauds and Crimes (ZAR Million), 2008–2012
Figure 34: South African Personal Accident and Health Insurance – Frauds and Crimes (ZAR Million), 2012–2017
Figure 35: South African Personal Accident and Health Insurance – Total Assets (ZAR Billion), 2008–2012
Figure 36: South African Personal Accident and Health Insurance – Total Assets (ZAR Billion), 2012–2017
Figure 37: South African Personal Accident and Health Insurance – Total Investment Income (ZAR Billion), 2008–2012
Figure 38: South African Personal Accident and Health Insurance – Total Investment Income (ZAR Billion), 2012–2017
Figure 39: South African Personal Accident and Health Insurance – Retentions (ZAR Billion), 2008–2012
Figure 40: South African Personal Accident and Health Insurance – Retentions (ZAR Billion), 2012–2017
Figure 41: South African Personal Accident and Health Insurance – Investment Portfolio (ZAR Billion), 2008–2012
Figure 42: South African Personal Accident and Health Insurance – Investment Portfolio (% Share), 2008 and 2012
Figure 43: South African Personal Accident and Health Insurance Penetration (% of GDP),
Figure 44: South African Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 45: South African Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 46: South African Personal Accident and Health Insurance – Premium Per Capita (ZAR), 2008–2012
Figure 47: South African Personal Accident Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 48: South African Personal Accident Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 49: South African Personal Accident Insurance – Written Premium (ZAR Billion),
Figure 50: South African Personal Accident Insurance – Written Premium (ZAR Billion),
Figure 51: South African Personal Accident Insurance – Loss Ratio (%), 2008–2012
Figure 52: South African Personal Accident Insurance – Loss Ratio (%), 2012–2017
Figure 53: South African Travel Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 54: South African Travel Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 55: South African Travel Insurance – Written Premium (ZAR Million), 2008–2012
Figure 56: South African Travel Insurance – Written Premium (ZAR Million), 2012–2017
Figure 57: South African Travel Insurance – Loss Ratio (%), 2008–2012
Figure 58: South African Travel Insurance – Loss Ratio (%), 2012–2017
Figure 59: South African Non-Life Health Insurance – Number of Policies Sold (Thousand),
Figure 60: South African Non-Life Health Insurance – Number of Policies Sold (Thousand),
Figure 61: South African Non-Life Health Insurance – Written Premium (ZAR Billion), 2008–2012
Figure 62: South African Non-Life Health Insurance – Written Premium (ZAR Billion), 2012–2017
Figure 63: South African Non-Life Health Insurance – Loss Ratio (%), 2008–2012
Figure 64: South African Non-Life Health Insurance – Loss Ratio (%), 2012–2017
Figure 65: South African Personal Accident and Health Insurance – Written Premium by Distribution Channel (Percentage Share), 2012 and 2017
Figure 66: South African Personal Accident and Health Insurance – Direct Marketing Commission Paid (ZAR Million), 2008–2012
Figure 67: South African Personal Accident and Health Insurance – Direct Marketing Commission Paid (ZAR Million), 2012–2017
Figure 68: South African Personal Accident and Health Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2008–2012
Figure 69: South African Personal Accident and Health Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2012–2017
Figure 70: South African Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Figure 71: South African Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Figure 72: South African Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2008–2012
Figure 73: South African Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2012–2017
Figure 74: South African Personal Accident and Health Insurance – Bancassurance Commission Paid (ZAR Million), 2008–2012
Figure 75: South African Personal Accident and Health Insurance – Bancassurance Commission Paid (ZAR Million), 2012–2017
Figure 76: South African Personal Accident and Health Insurance – Written Premium Through Bancassurance (ZAR Billion), 2008–2012
Figure 77: South African Personal Accident and Health Insurance – Written Premium Through Bancassurance (ZAR Billion), 2012–2017
Figure 78: South African Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Figure 79: South African Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Figure 80: South African Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2008–2012
Figure 81: South African Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2012–2017
Figure 82: South African Personal Accident and Health Insurance – Commission Paid to Agencies (ZAR Million), 2008–2012
Figure 83: South African Personal Accident and Health Insurance – Commission Paid to Agencies (ZAR Million), 2012–2017
Figure 84: South African Personal Accident and Health Insurance – Written Premium Through Agencies (ZAR Billion), 2008–2012
Figure 85: South African Personal Accident and Health Insurance – Written Premium Through Agencies (ZAR Billion), 2012–2017
Figure 86: South African Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Figure 87: South African Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Figure 88: South African Personal Accident and Health Insurance – Number of Agencies, 2008–2012
Figure 89: South African Personal Accident and Health Insurance – Number of Agencies, 2012–2017
Figure 90: South African Personal Accident and Health Insurance – E-Commerce Commission Paid (ZAR Million), 2008–2012
Figure 91: South African Personal Accident and Health Insurance – E-Commerce Commission Paid (ZAR Million), 2012–2017
Figure 92: South African Personal Accident and Health Insurance – Written Premium Through E-Commerce (ZAR Billion), 2008–2012
Figure 93: South African Personal Accident and Health Insurance – Written Premium Through E-Commerce (ZAR Billion), 2012–2017
Figure 94: South African Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Figure 95: South African Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Figure 96: South African Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2008–2012
Figure 97: South African Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2012–2017
Figure 98: South African Personal Accident and Health Insurance – Commission Paid to Brokers (ZAR Million), 2008–2012
Figure 99: South African Personal Accident and Health Insurance – Commission Paid to Brokers (ZAR Million), 2012–2017
Figure 100: South African Personal Accident and Health Insurance – Written Premium Through Brokers (ZAR Billion), 2008–2012
Figure 101: South African Personal Accident and Health Insurance – Written Premium Through Brokers (ZAR Billion), 2012–2017
Figure 102: South African Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Figure 103: South African Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Figure 104: South African Personal Accident and Health Insurance – Number of Brokers, 2008–2012
Figure 105: South African Personal Accident and Health Insurance – Number of Brokers, 2012–2017
Figure 106: South African Personal Accident and Health Insurance – Commission Paid to Other Channels (ZAR Million), 2008–2012
Figure 107: South African Personal Accident and Health Insurance – Commission Paid to Other Channels (ZAR Million), 2012–2017
Figure 108: South African Personal Accident and Health Insurance – Written Premium Through Other Channels (ZAR Billion), 2008–2012
Figure 109: South African Personal Accident and Health Insurance – Written Premium Through Other Channels (ZAR Billion), 2012–2017
Figure 110: South African Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Figure 111: South African Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Figure 112: South African Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2008–2012
Figure 113: South African Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2012–2017
Figure 114: South African Personal Accident and Health Insurance Segment – Five Forces Analysis
Figure 115: South African Premium Ceded to Reinsurance by Category (ZAR Billion), 2008–2017
Figure 116: South African Reinsurance – Dynamics by Category (%), 2008–2017
Figure 117: South African Premium Ceded to Reinsurance by Insurance Segment (ZAR Billion), 2008–2017
Figure 118: South African Reinsurance – Dynamics by Insurance Segment (%), 2008–2017
Figure 119: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 120: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 121: Insurance Regulatory Frameworks in South Africa
Figure 122: Insurance Supervision and Control at Various Levels
Figure 123: Insurance Regulatory Frameworks for Company Registration and Operation
Figure 124: Shares of Key Insurers in the South African Personal Accident and Health Insurance Segment (%), 2011
Figure 124: Johannesburg Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 125: South African GDP at Constant Prices (US$ Billion), 2007–2011
Figure 126: South African GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 127: South African GDP at Current Prices (US$ Billion), 2007–2011
Figure 128: South African GDP Per Capita at Current Prices (US$), 2007–2011
Figure 129: South African GDP by Key Segments (%) 2009 and 2011
Figure 130: South African Agriculture, Hunting, Forestry, Fishing Net Output at Current Prices (ZAR Billion), 2007–2011
Figure 131: South African Agriculture, Hunting, Forestry, Fishing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 132: South African Agriculture, Hunting, Forestry, Fishing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 133: South African Manufacturing Net Output at Current Prices (ZAR Billion), 2007–2011
Figure 134: South African Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 135: South African Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 136: South African Mining, Manufacturing and Utilities Net Output at Current Prices (ZAR Billion), 2007–2011
Figure 137: South African Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 138: South African Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 139: South African Construction Net Output at Current Prices (ZAR Billion), 2007–2011
Figure 140: South African Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 141: South African Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 142: South African Inflation Rate (%), 2007–2011
Figure 143: South African Exports as a Percentage of GDP (%), 2007–2011
Figure 144: South African Imports as a Percentage of GDP (%), 2007–2011
Figure 145: South African Exports Growth (%), 2007–2011
Figure 146: South African Imports Growth (%), 2007–2011
Figure 147: South African Annual Average Exchange Rate US$–ZAR, 2007–2011
Figure 148: South African Commercial Vehicles Exports (US$ Million), 2007–2011
Figure 149: South African Commercial Vehicles Imports (US$ Million), 2007–2011
Figure 150: South African Automotive Exports (US$ Million), 2007–2011
Figure 151: South African Automotive Imports (US$ Million), 2007–2011
Figure 152: South African Internet Subscriptions (Millions), 2007–2011
Figure 153: South Africa’s Labor Force in the 15–59 Age Group (Million), 2007–2010
Figure 154: South African Unemployment Rate (%), 2007–2012
Figure 155: South African Gross National Disposable Income (US$ Billion), 2007–2011
Figure 156: South African Total Population (Million), 2007–2011
Figure 157: South African Urban and Rural Population (%), 2007–2011
Figure 158: South African Median Age of Population (Year), 2007–2011
Figure 159: South African Population Distribution by Age (%), 2007–2011



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