South Africa Insurance Industry Analysis (2006-2009)

Publication Date	October 2006
Publisher	RNCOS
Product Type	Report
Pages	55
ISBN Number	not applicable
Product Code	RCS00159

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Summary

This report, 'South Africa Insurance Industry Analysis (2006-2009)', provides extensive research and objective analysis of the growing insurance industry, its product quality, and services in South Africa. This report helps to analyze the leading-edge opportunities critical to the success of the insurance Industry in South Africa. Detailed data and analysis helps investors, financial service providers, and global banking players to navigate through the evolving insurance market in South Africa.

Key Products Analyzed

Key products like Life and Non-life insurance have been analyzed, supported by facts like revenue and market trends.

Key Players

This section provides an overview of some of the key players in this industry like Old Mutual Plc, Sanlam Limited, Liberty Group Limited, Investec Ltd, Investment Solutions, Santam Ltd, Mutual & Federal Insurance Company Limited, Hollard Insurance Co Ltd, South African Eagle Insurance Co. Ltd. and Guardrisk.

Key Issues and Facts Analyzed

The research report also addresses the issues and facts that are critical to business success:

What are the marketing strategies of the players in the insurance industry?
How is the growth in Health and Group insurance driving the Insurance sector in South Africa?
How are the demographic factors, like death rate and birthrates affecting the South African insurance market?
What are the opportunities for the players in this industry and what are the challenges to sustain the Insurance market in South Africa?
What will be the prospective areas of investments in the insurance industry in the near future?
Which factors will lead to the growth of Life and Non-life insurance in South Africa?

Key Findings

Due to the increase in the crime rates, thefts rates and high death rates, the total insurance market (Life & Non-life) is expected to cross over $42 Billion in the year 2010 growing at the rate of more than 6.4% from the year 2006 onwards
Just 60% of the motor insurance market is tapped. So it becomes an opportunity area for the insurers in this segment
The increasing vehicle thefts have been a big challenge for the insurance companies in terms of the claims
There are major opportunities in Agriculture Insurance sector as this contributes to 4% of GDP and there are major losses due to uneven rainfall and lack of irrigation facility

Research Methodology Used

Information Sources

Information has been sourced from namely, Books, Newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to access to more than 3000 paid databases.

Analysis Methods

The analysis methods includes the following: Ratio Analysis, Historical Trend Analysis, Linear Regression Analysis using software tools, Judgmental Forecasting and Cause and Effect Analysis.

Content

1. Analyst View2. Research Overview
3. Industry Overview
- 3.1 Global
  - 3.1.1 South Africa as a Percentage of Global Insurance Market
- 3.2 Global Insurance Industry Forecast (2006-2009)
4. Industry Performance
- 4.1 Overview
- 4.2 Segmentation by Product
  - 4.2.1 South Africa Life Insurance Market
  - 4.2.2 South Africa Non-life Insurance Market
- 4.3 Segmentation by Players
  - 4.3.1 Top 5 Life Insurance Companies
  - 4.3.2 Top 5 Non-life Insurance Companies
    - 4.3.2.1 Property Insurance - Market Share of Players
    - 4.3.2.2 Transportation Insurance - Market Share of Players
    - 4.3.2.3 Motor Insurance - Market Share by Players
    - 4.3.2.4 Accidental & Health Insurance - Market Share by Players
    - 4.3.2.5 Other Non-life Insurance - Market Share by Players
5. Industry Analysis
- 5.1 Driving Forces of the Industry
- 5.2 Key Opportunities and Challenges
  - 5.2.1 Opportunities
  - 5.2.2 Challenges
- 5.3 Future Outlook (2006-2010)
6. Latest News and Developments
7. Major Players
- 7.1 Life Insurers
  - 7.1.1 Old Mutual Plc
  - 7.1.2 Sanlam Limited
  - 7.1.3 Liberty Group Limited
  - 7.1.4 Investec Limited
  - 7.1.5 Investment Solutions Inc.
- 7.2 Non-life Insurers
  - 7.2.1 Santam Limited
  - 7.2.2 Mutual & Federal Insurance Company Limited
  - 7.2.3 Hollard Insurance Co. Limited
  - 7.2.4 South African Eagle Insurance Co. Limited
  - 7.2.5 Guardrisk
List of Figures:
- Figure 3-1: Global - Insurance Market Segmentation (%), 2004
- Figure 3-2: Global - Life and Non-life Insurance Premiums (in Billion US$), 1995-2004
- Figure 3-3: Global - Insurance Premium Growth (%), 1996-2004
- Figure 3-4: Global - Comparison of Contribution of Non-life and Life Insurance Premium (in Million US$), 1995 & 2004
- Figure 3-5: Global - Insurance Industry Segmentation by Region (%), 2004
- Figure 3-6: Global - Life Insurance & Pensions Market by Region (%), 2004
- Figure 3-7: Global - Non-life Insurance Market by Region (%), 2004
- Figure 3-8: Global - Forecast for Insurance Market (in Billion US$), 2006-2009
- Figure 4-1: South Africa - Insurance Market (in Billion US$), 2001-2005
- Figure 4-2: South Africa - Insurance Market Segmentation (%), 2004
- Figure 4-3: South Africa - Life Insurance & Pensions Market Segmentation (%), 2004
- Figure 4-4: South Africa - Life Insurance & Pensions Market (in Billion US$), 2000-2005
- Figure 4-5: South Africa - Non-life Insurance Market (in Billion US$), 2000-2005
- Figure 4-6: South Africa - Non-life Insurance Market Segmentation (%), 2004
- Figure 4-7: South Africa - Gross Premium of Top 5 Life Insurance Companies (in Billion Rand 'R'), 2004
- Figure 4-8: South Africa - Market Share of Top 5 Life Insurance Companies (%), 2004
- Figure 4-9: South Africa - Gross Premium of Top 5 Non-life Insurance Companies (in Billion Rand 'R'), 2004
- Figure 4-10: South Africa - Market Share of Top 5 Non-life Insurance Companies (%), 2004
- Figure 4-11: South Africa - Market Share of Property Insurance by General Segment (%), 2004
- Figure 4-12: South Africa - Market Share of Property Insurance by Cell Captive Segment (%), 2004
- Figure 4-13: South Africa - Market Share of Property Insurance by Specialist Segment (%), 2004
- Figure 4-14: South Africa - Market Share of Property Insurance by Bank Segment (%), 2004
- Figure 4-15: South Africa - Market Share of Transportation Insurance by General Segment (%), 2004
- Figure 4-16: South Africa - Market Share of Transportation Insurance by Cell Captive Segment (%), 2004
- Figure 4-17: South Africa - Market Share of Transportation Insurance by Specialist Segment (%), 2004
- Figure 4-18: South Africa - Market Share of Transportation Insurance by Bank Segment (%), 2004
- Figure 4-19: South Africa - Market Share of Motor Insurance by General Segment (%), 2004
- Figure 4-20: South Africa - Market Share of Motor Insurance by Cell Captive Segment (%), 2004
- Figure 4-21: South Africa - Market Share of Motor Insurance by Specialist Segment (%), 2004
- Figure 4-22: South Africa - Market Share of Motor Insurance by Bank Segment (%), 2004
- Figure 4-23: South Africa - Market Share of Accidental & Health Insurance by General Segment (%), 2004
- Figure 4-24: South Africa - Market Share of Accidental & Health Insurance by Cell Captive Segment (%), 2004
- Figure 4-25: South Africa - Market Share of Accidental & Health Insurance by Specialist Segment (%), 2004
- Figure 5-1: South Africa - Birth & Death Rates (per 1000 Population), 2001, 2002 & 2005
- Figure 5-2: South Africa - Healthcare Expenditure (as a % of GDP), 2001-2005
- Figure 5-3: South Africa - Personal Disposable Income (in Billion US$), 2001-2005
- Figure 5-4: South Africa - Forecast for Population under Different Age Groups (as a % of Total Population), 2006-2010
- Figure 5-5: South Africa - Forecast for Total Insurance Market (in Billion US$), 2006-2010
- Figure 5-6: South Africa - Forecast for Life Insurance Market (in Billion US$), 2006-2010
- Figure 5-7: South Africa - Forecast for Non-life Insurance Market (in Billion US$), 2006-2010
List of Tables:
- Table 3-1: Global - Top 10 Countries on the basis of Premium Collection (in Million US$), 2004
- Table 3-2: Global - Top Insurers by Revenue (in Million US$), 2004
- Table 4-1: South Africa - Premiums Collected by Top Life Insurance Companies (in Thousand US$), 2004
- Table 4-2: South Africa - Key Ratios of Top Life Insurance Companies (%), 2004
- Table 4-3: South Africa - Gross Premiums (R '000) and Market Share of Top Non-life Insurance Companies, 2004
- Table 4-4: South Africa - Market Share of Other Non-life Insurance by Different Segments (%), 2004
- Table 5-1: South Africa - Poverty Measures for Each Age Group (%), 2003
- Table 7-1: Old Mutual Plc - Key Financials (in US$), 2003-2005
- Table 7-2: Sanlam Limited - Key Financials (in US$), 2003-2005
- Table 7-3: Liberty Group Limited - Key Financials (in US$), 2003-2005
- Table 7-4: Investec Limited - Key Financials (in US$), 2004-2006
- Table 7-5: Investment Solutions Inc. - Key Financials (in R '000), 2003
- Table 7-6: Santam Limited - Key Financials (in US$), 2003-2005
- Table 7-7: Mutual & Federal Insurance Company Limited - Key Financials (in US$), 2003-2005
- Table 7-8: Hollard Insurance Co. Ltd - Key Financials (in R '000), 2003-04
- Table 7-9: South African Eagle Insurance Co. Limited - Key Financials (2004 & 2005)
- Table 7-10: Guardrisk - Key Financials (in Million Rand), 2004 & 2005