Insurance in South Africa
Published: November 2012 · Publisher: MarketLine
Insurance in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016).
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Introduction
Insurance in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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 data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
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 life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. 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 intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.
*The life insurance segment was the market's most lucrative in 2011, with total gross written premiums of $41.7 billion, equivalent to 79.3% of the market's overall value.
*The life insurance segment was the market's most lucrative in 211, with total gross written premiums of $41.7 billion, equivalent to 79.3% of the market's overall value.
*The performance of the market is forecast to decelerate, with an anticipated CAGR of 5.6% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $68.9 billion by the end of 2016.
Features
Save time carrying out entry-level research by identifying the size, growth, 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
Macroeconomic indicators provide insight into general trends within the South Africa economy
Key Questions Answered
What was the size of the South Africa insurance market by value in 2011?
What will be the size of the South Africa insurance market in 2016?
What factors are affecting the strength of competition in the South Africa insurance market?
How has the market performed over the last five years?
Insurance in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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 data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
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 life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. 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 intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.
*The life insurance segment was the market's most lucrative in 2011, with total gross written premiums of $41.7 billion, equivalent to 79.3% of the market's overall value.
*The life insurance segment was the market's most lucrative in 211, with total gross written premiums of $41.7 billion, equivalent to 79.3% of the market's overall value.
*The performance of the market is forecast to decelerate, with an anticipated CAGR of 5.6% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $68.9 billion by the end of 2016.
Features
Save time carrying out entry-level research by identifying the size, growth, 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
Macroeconomic indicators provide insight into general trends within the South Africa economy
Key Questions Answered
What was the size of the South Africa insurance market by value in 2011?
What will be the size of the South Africa insurance market in 2016?
What factors are affecting the strength of competition in the South Africa insurance market?
How has the market performed over the last five years?
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TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Market rivalry 2
Market Overview 6
Market definition 6
Market analysis 6
Market Data 7
Market value 7
Market Segmentation 8
Category segmentation 8
Market Outlook 9
Market value forecast 9
Five Forces Analysis 10
Summary 10
Buyer power 11
Supplier power 12
New entrants 13
Threat of substitutes 14
Degree of rivalry 15
Leading Companies 16
Liberty Holdings Limited 16
MMI Holdings Limited 19
Old Mutual Plc 20
Santam Limited 23
Macroeconomic Indicators 26
Country Data 26
Appendix 28
Methodology 28
Industry associations 29
Related research 29
LIST OF TABLES
Table 1: South Africa insurance market value: $ billion, 2007–11 7
Table 2: South Africa insurance market category segmentation: $ billion, 2011 8
Table 3: South Africa insurance market value forecast: $ billion, 2011–16 9
Table 4: Liberty Holdings Limited: key facts 16
Table 5: Liberty Holdings Limited: key financials ($) 17
Table 6: Liberty Holdings Limited: key financials (ZAR) 17
Table 7: Liberty Holdings Limited: key financial ratios 17
Table 8: MMI Holdings Limited: key facts 19
Table 9: Old Mutual Plc: key facts 20
Table 10: Old Mutual Plc: key financials ($) 21
Table 11: Old Mutual Plc: key financials (L) 21
Table 12: Old Mutual Plc: key financial ratios 21
Table 13: Santam Limited: key facts 23
Table 14: Santam Limited: key financials ($) 23
Table 15: Santam Limited: key financials (ZAR) 23
Table 16: Santam Limited: key financial ratios 24
Table 17: South Africa size of population (million), 2007–11 26
Table 18: South Africa gdp (constant 2000 prices, $ billion), 2007–11 26
Table 19: South Africa gdp (current prices, $ billion), 2007–11 26
Table 20: South Africa inflation, 2007–11 27
Table 21: South Africa consumer price index (absolute), 2007–11 27
Table 22: South Africa exchange rate, 2007–11 27
LIST OF FIGURES
Figure 1: South Africa insurance market value: $ billion, 2007–11 7
Figure 2: South Africa insurance market category segmentation: % share, by value, 2011 8
Figure 3: South Africa insurance market value forecast: $ billion, 2011–16 9
Figure 4: Forces driving competition in the insurance market in South Africa, 2011 10
Figure 5: Drivers of buyer power in the insurance market in South Africa, 2011 11
Figure 6: Drivers of supplier power in the insurance market in South Africa, 2011 12
Figure 7: Factors influencing the likelihood of new entrants in the insurance market in South Africa, 2011 13
Figure 8: Factors influencing the threat of substitutes in the insurance market in South Africa, 2011 14
Figure 9: Drivers of degree of rivalry in the insurance market in South Africa, 2011 15
Figure 10: Liberty Holdings Limited: revenues & profitability 18
Figure 11: Liberty Holdings Limited: assets & liabilities 18
Figure 12: Old Mutual Plc: revenues & profitability 22
Figure 13: Old Mutual Plc: assets & liabilities 22
Figure 14: Santam Limited: revenues & profitability 24
Figure 15: Santam Limited: assets & liabilities 25
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Market rivalry 2
Market Overview 6
Market definition 6
Market analysis 6
Market Data 7
Market value 7
Market Segmentation 8
Category segmentation 8
Market Outlook 9
Market value forecast 9
Five Forces Analysis 10
Summary 10
Buyer power 11
Supplier power 12
New entrants 13
Threat of substitutes 14
Degree of rivalry 15
Leading Companies 16
Liberty Holdings Limited 16
MMI Holdings Limited 19
Old Mutual Plc 20
Santam Limited 23
Macroeconomic Indicators 26
Country Data 26
Appendix 28
Methodology 28
Industry associations 29
Related research 29
LIST OF TABLES
Table 1: South Africa insurance market value: $ billion, 2007–11 7
Table 2: South Africa insurance market category segmentation: $ billion, 2011 8
Table 3: South Africa insurance market value forecast: $ billion, 2011–16 9
Table 4: Liberty Holdings Limited: key facts 16
Table 5: Liberty Holdings Limited: key financials ($) 17
Table 6: Liberty Holdings Limited: key financials (ZAR) 17
Table 7: Liberty Holdings Limited: key financial ratios 17
Table 8: MMI Holdings Limited: key facts 19
Table 9: Old Mutual Plc: key facts 20
Table 10: Old Mutual Plc: key financials ($) 21
Table 11: Old Mutual Plc: key financials (L) 21
Table 12: Old Mutual Plc: key financial ratios 21
Table 13: Santam Limited: key facts 23
Table 14: Santam Limited: key financials ($) 23
Table 15: Santam Limited: key financials (ZAR) 23
Table 16: Santam Limited: key financial ratios 24
Table 17: South Africa size of population (million), 2007–11 26
Table 18: South Africa gdp (constant 2000 prices, $ billion), 2007–11 26
Table 19: South Africa gdp (current prices, $ billion), 2007–11 26
Table 20: South Africa inflation, 2007–11 27
Table 21: South Africa consumer price index (absolute), 2007–11 27
Table 22: South Africa exchange rate, 2007–11 27
LIST OF FIGURES
Figure 1: South Africa insurance market value: $ billion, 2007–11 7
Figure 2: South Africa insurance market category segmentation: % share, by value, 2011 8
Figure 3: South Africa insurance market value forecast: $ billion, 2011–16 9
Figure 4: Forces driving competition in the insurance market in South Africa, 2011 10
Figure 5: Drivers of buyer power in the insurance market in South Africa, 2011 11
Figure 6: Drivers of supplier power in the insurance market in South Africa, 2011 12
Figure 7: Factors influencing the likelihood of new entrants in the insurance market in South Africa, 2011 13
Figure 8: Factors influencing the threat of substitutes in the insurance market in South Africa, 2011 14
Figure 9: Drivers of degree of rivalry in the insurance market in South Africa, 2011 15
Figure 10: Liberty Holdings Limited: revenues & profitability 18
Figure 11: Liberty Holdings Limited: assets & liabilities 18
Figure 12: Old Mutual Plc: revenues & profitability 22
Figure 13: Old Mutual Plc: assets & liabilities 22
Figure 14: Santam Limited: revenues & profitability 24
Figure 15: Santam Limited: assets & liabilities 25
Copyright © FriedlNet. You may share using our tools Please don't cut content from FriedlNet and redistribute by email or post to the web.