Life Insurance in South Africa

Life Insurance in South Africa

  • December 2016
  • 34 pages
  • MarketLine
Report ID: 171666
Summary
Life Insurance in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

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

Synopsis
Essential resource for top-line data and analysis covering the South Africa life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buy
- What was the size of the South Africa life insurance market by value in 2015?
- What will be the size of the South Africa life insurance market in 2020?
- What factors are affecting the strength of competition in the South Africa life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in South Africa's life insurance market?

Key Findings
The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2015 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The South African life insurance market had total gross written premiums of $36.3bn in 2015, representing a compound annual growth rate (CAGR) of 11.3% between 2011 and 2015.

The life insurance segment was the market's most lucrative in 2015, with total gross written premiums of $23.7bn, equivalent to 65.4% of the market's overall value.

The life insurance market in South Africa is well-developed, accounting for the vast majority of the African market value. The good growth seen in this market in recent years has largely been driven by historic economic growth in the country and a fast-growing middle class.
Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Liberty Holdings Limited
MMI Holdings Ltd.
Old Mutual Life Assurance Company (South Africa) Limited
Sanlam Limited
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine

List of Tables
Table 1: South Africa life insurance market value: $ billion, 2011-15
Table 2: South Africa life insurance market category segmentation: $ billion, 2015
Table 3: South Africa life insurance market geography segmentation: $ billion, 2015
Table 4: South Africa life insurance market share: % share, by value, 2015
Table 5: South Africa life insurance market value forecast: $ billion, 2015-20
Table 6: Liberty Holdings Limited: key facts
Table 7: Liberty Holdings Limited: key financials ($)
Table 8: Liberty Holdings Limited: key financials (ZAR)
Table 9: Liberty Holdings Limited: key financial ratios
Table 10: MMI Holdings Ltd.: key facts
Table 11: MMI Holdings Ltd.: key financials ($)
Table 12: MMI Holdings Ltd.: key financials (ZAR)
Table 13: MMI Holdings Ltd.: key financial ratios
Table 14: Old Mutual Life Assurance Company (South Africa) Limited: key facts
Table 15: Sanlam Limited: key facts
Table 16: Sanlam Limited: key financials ($)
Table 17: Sanlam Limited: key financials (ZAR)
Table 18: Sanlam Limited: key financial ratios
Table 19: South Africa size of population (million), 2011-15
Table 20: South Africa gdp (constant 2005 prices, $ billion), 2011-15
Table 21: South Africa gdp (current prices, $ billion), 2011-15
Table 22: South Africa inflation, 2011-15
Table 23: South Africa consumer price index (absolute), 2011-15
Table 24: South Africa exchange rate, 2011-15

List of Figures
Figure 1: South Africa life insurance market value: $ billion, 2011-15
Figure 2: South Africa life insurance market category segmentation: % share, by value, 2015
Figure 3: South Africa life insurance market geography segmentation: % share, by value, 2015
Figure 4: South Africa life insurance market share: % share, by value, 2015
Figure 5: South Africa life insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the life insurance market in South Africa, 2015
Figure 7: Drivers of buyer power in the life insurance market in South Africa, 2015
Figure 8: Drivers of supplier power in the life insurance market in South Africa, 2015
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in South Africa, 2015
Figure 10: Factors influencing the threat of substitutes in the life insurance market in South Africa, 2015
Figure 11: Drivers of degree of rivalry in the life insurance market in South Africa, 2015
Figure 12: Liberty Holdings Limited: revenues & profitability
Figure 13: Liberty Holdings Limited: assets & liabilities
Figure 14: MMI Holdings Ltd.: revenues & profitability
Figure 15: MMI Holdings Ltd.: assets & liabilities
Figure 16: Sanlam Limited: revenues & profitability
Figure 17: Sanlam Limited: assets & liabilities
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Country=SouthAfrica Industry=LifeInsurance ParentIndustry=Insurance Date=201612 Topic=MarketReport Publisher=MarketLine Price=1000