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Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the South African personal accident and health insurance segment, and a comparison of the South African insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the South African economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Personal Accident and Health Insurance in South Africa Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the South African personal accident and health insurance segment, including:

  • An overview of the South African personal accident and health insurance segment
  • The South African personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the South African economy and demographics
  • A comparison of the South African personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the South African personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in South Africa
  • Details of regulatory policy applicable to the South African insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in South Africa:
  • It provides historical values for the South African personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the South African personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the South African personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in South Africa.
  • It profiles the top personal accident and health insurance companies in South Africa, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the South African personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the South African personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing South Africa insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The personal accident and health segment accounted for 4.0% of the overall insurance gross written premium in South Africa in 2015.
  • Brokers are the leading distribution channel in the South African personal accident and health segment.
  • The South African personal accident and health insurance segment is highly consolidated, with the five leading companies accounting for 70.3% of the total gross written premium in 2015. .
  • South African personal accident and health insurance penetration was 0.54% in 2015.


  • Key Facts and Highlights
    • Table South African Personal Accident and Health Insurance - Key Facts, 2015
    • Table South African Personal Accident and Health Insurance - Segment Shares (%) of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table South African Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium
        • Table South African Personal Accident and Health Insurance - Gross Written Premium (ZAR Billion and US$ Billion), 2011-2015
        • Table South African Personal Accident and Health Insurance - Gross Written Premium (ZAR Billion and US$ Billion), 2015-2020
      • Claims
        • Table South African Personal Accident and Health Insurance - Paid Claims (ZAR Billion and US$ Million), 2011-2015
        • Table South African Personal Accident and Health Insurance - Paid Claims (ZAR Billion and US$ Million), 2015-2020
      • Profitability
        • Table South African Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table South African Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table South African Personal Accident and Health Insurance - Total Assets (ZAR Billion and US$ Billion), 2011-2015
        • Table South African Personal Accident and Health Insurance - Total Assets (ZAR Billion and US$ Billion), 2015-2020
        • Table South African Personal Accident and Health Insurance - Total Investment Income (ZAR Billion and US$ Million), 2011-2015
        • Table South African Personal Accident and Health Insurance - Total Investment Income (ZAR Billion and US$ Million), 2015-2020
        • Table South African Personal Accident and Health Insurance - Investment Portfolio (ZAR Billion), 2011-2015
        • Table South African Personal Accident and Health Insurance - Investment Portfolio (ZAR Billion), 2015-2020
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table South African Personal Accident and Health Insurance - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Rand Mutual Assurance Company Ltd - company overview
        • Table Rand Mutual Assurance Company Ltd - Key Facts
        • Table Rand Mutual Assurance Company Ltd - Key Financials (US$ Million), 2011-2015
      • Guardrisk Insurance Company Ltd - company overview
        • Table Guardrisk Insurance Company Ltd - Key Facts
        • Table Guardrisk Insurance Company Ltd - Key Financials (US$ Million), 2011-2015
      • Monarch Insurance Company Ltd - company overview
        • Table Monarch Insurance Company Ltd - Key Facts
        • Table Monarch Insurance Company Ltd - Key Financials (US$ Million), 2011-2015
      • Hollard Insurance Company Ltd - company overview
        • Table Hollard Insurance Company Ltd - Key Facts
        • Table Hollard Insurance Company Ltd - Key Financials (US$ Million), 2011-2015
      • Constantia Insurance Company Ltd - company overview
        • Table Constantia Insurance Company Ltd - Key Facts
        • Table Constantia Insurance Company Ltd - Key Financials (US$ Million), 2011-2015
  • Governance, Risk and Compliance
    • Table South Africa - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
      • Table South Africa - Commission Rates for Health Insurance Policy
      • Table South Africa - Maximum cost of credit life insurance
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table South Africa - Life Insurance Regulatory Framework
      • Property insurance
        • Table South Africa - Property Insurance Regulatory Framework
        • Table South Africa - SASRIA Annual and Monthly Premium Rates
      • Motor insurance
        • Table South Africa - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table South Africa - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Third-party liability insurance for commercial flight operators
      • Unemployment insurance
      • Compensation for occupational diseases and injuries
      • Professional indemnity insurance
      • Environmental liability insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • African Insurance Organization
      • Financial Services Board
      • South African Insurance Association
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table South Africa - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table South African Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table South African Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
      • Claims and Expenses
        • Table South African Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table South African Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and Investments
        • Table South African Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table South African Personal Accident and Health Insurance - Assets and Investments, 2015-2020
      • Health Insurance by Product
        • Table South African Personal Accident and Health Insurance - Health by Product, 2011-2015
        • Table South African Personal Accident and Health Insurance - Health by Product, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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