Insurance in South Africa

Insurance in South Africa

Summary

Insurance in South Africa industry profile provides top-line qualitative and quantitative Summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the South Africa insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.
- The South African insurance market had total gross written premiums of $47.9bn in 2017, representing a compound annual growth rate (CAGR) of 6.3% between 2013 and 2017.
- The life segment was the markets most lucrative in 2017, with total gross written premiums of $38.4bn, equivalent to 80.1% of the markets overall value.
- South Africas insurance penetration rate is high, estimated at 13.8% of GDP in 2017 by Swiss Re. The ratio is one of the highest globally, and its insurers are well-regulated, well-managed and innovative. The market is becoming even more sophisticated with the introduction of new legislation.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in South Africa
- Leading company profiles reveal details of key insurance market players global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa insurance market with five year forecasts

Reasons to buy

- What was the size of the South Africa insurance market by value in 2017?
- What will be the size of the South Africa insurance market in 2022?
- What factors are affecting the strength of competition in the South Africa insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in South Africas insurance market?

Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market share 12
Market Outlook 13
Market value forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 17
New entrants 19
Threat of substitutes 21
Degree of rivalry 22
Leading Companies 24
Guardrisk Group (Pty) Ltd 24
The Hollard Insurance Company Ltd 25
Old Mutual Ltd 28
Santam Limited 31
Macroeconomic Indicators 35
Country data 35
Methodology 37
Industry associations 38
Related MarketLine research 38
Appendix 39
About MarketLine 39

List Of Tables


Table 1: South Africa insurance market value: $ billion, 2013-17
Table 2: South Africa insurance market category segmentation: $ billion, 2017
Table 3: South Africa insurance market geography segmentation: $ billion, 2017
Table 4: South Africa insurance market share: % share, by value, 2017
Table 5: South Africa insurance market value forecast: $ billion, 2017-22
Table 6: Guardrisk Group (Pty) Ltd: key facts
Table 7: The Hollard Insurance Company Ltd: key facts
Table 8: The Hollard Insurance Company Ltd: key financials ($)
Table 9: The Hollard Insurance Company Ltd: key financials (ZAR)
Table 10: The Hollard Insurance Company Ltd: key financial ratios
Table 11: Old Mutual Ltd: key facts
Table 12: Old Mutual Ltd: key financials ($)
Table 13: Old Mutual Ltd: key financials ()
Table 14: Old Mutual Ltd: key financial ratios
Table 15: Santam Limited: key facts
Table 16: Santam Limited: key financials ($)
Table 17: Santam Limited: key financials (ZAR)
Table 18: Santam Limited: key financial ratios
Table 19: South Africa size of population (million), 2013-17
Table 20: South Africa gdp (constant 2005 prices, $ billion), 2013-17
Table 21: South Africa gdp (current prices, $ billion), 2013-17
Table 22: South Africa inflation, 2013-17
Table 23: South Africa consumer price index (absolute), 2013-17
Table 24: South Africa exchange rate, 2013-17

List Of Figures


Figure 1: South Africa insurance market value: $ billion, 2013-17
Figure 2: South Africa insurance market category segmentation: % share, by value, 2017
Figure 3: South Africa insurance market geography segmentation: % share, by value, 2017
Figure 4: South Africa insurance market share: % share, by value, 2017
Figure 5: South Africa insurance market value forecast: $ billion, 2017-22
Figure 6: Forces driving competition in the insurance market in South Africa, 2017
Figure 7: Drivers of buyer power in the insurance market in South Africa, 2017
Figure 8: Drivers of supplier power in the insurance market in South Africa, 2017
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in South Africa, 2017
Figure 10: Factors influencing the threat of substitutes in the insurance market in South Africa, 2017
Figure 11: Drivers of degree of rivalry in the insurance market in South Africa, 2017
Figure 12: The Hollard Insurance Company Ltd: revenues & profitability
Figure 13: The Hollard Insurance Company Ltd: assets & liabilities
Figure 14: Old Mutual Ltd: revenues & profitability
Figure 15: Old Mutual Ltd: assets & liabilities
Figure 16: Santam Limited: revenues & profitability
Figure 17: Santam Limited: assets & liabilities

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