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Life Insurance in South Africa

Life Insurance in South Africa

Summary

Life 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 life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

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 2017 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 $38.4bn in 2017, representing a compound annual growth rate (CAGR) of 6% between 2013 and 2017.
The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of $24.8bn, equivalent to 64.7% of the market's overall value.
South Africa’s penetration rate is high, estimated at 11.0% 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.

Scope

  • 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
Reasons to buy
  • What was the size of the South Africa life insurance market by value in 2017?
  • What will be the size of the South Africa life insurance market in 2022?
  • 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?


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
Guardrisk Group (Pty) Ltd
The Hollard Insurance Company Ltd
Old Mutual Ltd
Santam 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, 2013-
Table 2: South Africa life insurance market category segmentation: $ billion,
Table 3: South Africa life insurance market geography segmentation: $ billion,
Table 4: South Africa life insurance market share: % share, by value,
Table 5: South Africa life insurance market value forecast: $ billion, 2017-
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-
Table 20: South Africa gdp (constant 2005 prices, $ billion), 2013-
Table 21: South Africa gdp (current prices, $ billion), 2013-
Table 22: South Africa inflation, 2013-
Table 23: South Africa consumer price index (absolute), 2013-
Table 24: South Africa exchange rate, 2013-
List of Figures
Figure 1: South Africa life insurance market value: $ billion, 2013-
Figure 2: South Africa life insurance market category segmentation: % share, by value,
Figure 3: South Africa life insurance market geography segmentation: % share, by value,
Figure 4: South Africa life insurance market share: % share, by value,
Figure 5: South Africa life insurance market value forecast: $ billion, 2017-
Figure 6: Forces driving competition in the life insurance market in South Africa,
Figure 7: Drivers of buyer power in the life insurance market in South Africa,
Figure 8: Drivers of supplier power in the life insurance market in South Africa,
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in South Africa,
Figure 10: Factors influencing the threat of substitutes in the life insurance market in South Africa,
Figure 11: Drivers of degree of rivalry in the life insurance market in South Africa,
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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