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Life Insurance in South Africa

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Details

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 USD 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 USD 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?

READ MORE

Table Of Content

Scope

Table of Contents

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 9

Market value 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market share 12

Market Outlook 13

Market value forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 16

Supplier power 17

New entrants 18

Threat of substitutes 19

Degree of rivalry 20

Leading Companies 21

Guardrisk Group (Pty) Ltd 21

The Hollard Insurance Company Ltd 22

Old Mutual Ltd 25

Santam Limited 28

Macroeconomic Indicators 32

Country data 32

Methodology 34

Industry associations 35

Related MarketLine research 35

Appendix 36

About MarketLine 36


List Of Figure

List of Figures

Figure 1: South Africa life insurance market value: USD billion, 2013-17

Figure 2: South Africa life insurance market category segmentation: % share, by value, 2017

Figure 3: South Africa life insurance market geography segmentation: % share, by value, 2017

Figure 4: South Africa life insurance market share: % share, by value, 2017

Figure 5: South Africa life insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the life insurance market in South Africa, 2017

Figure 7: Drivers of buyer power in the life insurance market in South Africa, 2017

Figure 8: Drivers of supplier power in the life insurance market in South Africa, 2017

Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in South Africa, 2017

Figure 10: Factors influencing the threat of substitutes in the life insurance market in South Africa, 2017

Figure 11: Drivers of degree of rivalry in the life insurance market in South Africa, 2017

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


List Of Table

List of Tables

Table 1: South Africa life insurance market value: USD billion, 2013-17

Table 2: South Africa life insurance market category segmentation: USD billion, 2017

Table 3: South Africa life insurance market geography segmentation: USD billion, 2017

Table 4: South Africa life insurance market share: % share, by value, 2017

Table 5: South Africa life insurance market value forecast: USD billion, 2017-22

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 (USD )

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 (USD )

Table 13: Old Mutual Ltd: key financials (GBP)

Table 14: Old Mutual Ltd: key financial ratios

Table 15: Santam Limited: key facts

Table 16: Santam Limited: key financials (USD )

Table 17: Santam Limited: key financials (ZAR)

Table 18: Santam Limited: key financial ratios

Table 19: South Africa size of population (million), 2013-17

Table 20: South Africa gdp (constant 2005 prices, USD billion), 2013-17

Table 21: South Africa gdp (current prices, USD billion), 2013-17

Table 22: South Africa inflation, 2013-17

Table 23: South Africa consumer price index (absolute), 2013-17

Table 24: South Africa exchange rate, 2013-17

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Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

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Products and Companies


Companies

Guardrisk Group (Pty) Ltd

The Hollard Insurance Company Ltd

Old Mutual Ltd

Santam Limited

Company Profile

Company Profile Title

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 USD 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 USD 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?

READ MORE

Scope

Table of Contents

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 9

Market value 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market share 12

Market Outlook 13

Market value forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 16

Supplier power 17

New entrants 18

Threat of substitutes 19

Degree of rivalry 20

Leading Companies 21

Guardrisk Group (Pty) Ltd 21

The Hollard Insurance Company Ltd 22

Old Mutual Ltd 25

Santam Limited 28

Macroeconomic Indicators 32

Country data 32

Methodology 34

Industry associations 35

Related MarketLine research 35

Appendix 36

About MarketLine 36


List Of Figure

List of Figures

Figure 1: South Africa life insurance market value: USD billion, 2013-17

Figure 2: South Africa life insurance market category segmentation: % share, by value, 2017

Figure 3: South Africa life insurance market geography segmentation: % share, by value, 2017

Figure 4: South Africa life insurance market share: % share, by value, 2017

Figure 5: South Africa life insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the life insurance market in South Africa, 2017

Figure 7: Drivers of buyer power in the life insurance market in South Africa, 2017

Figure 8: Drivers of supplier power in the life insurance market in South Africa, 2017

Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in South Africa, 2017

Figure 10: Factors influencing the threat of substitutes in the life insurance market in South Africa, 2017

Figure 11: Drivers of degree of rivalry in the life insurance market in South Africa, 2017

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


List Of Table

List of Tables

Table 1: South Africa life insurance market value: USD billion, 2013-17

Table 2: South Africa life insurance market category segmentation: USD billion, 2017

Table 3: South Africa life insurance market geography segmentation: USD billion, 2017

Table 4: South Africa life insurance market share: % share, by value, 2017

Table 5: South Africa life insurance market value forecast: USD billion, 2017-22

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 (USD )

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 (USD )

Table 13: Old Mutual Ltd: key financials (GBP)

Table 14: Old Mutual Ltd: key financial ratios

Table 15: Santam Limited: key facts

Table 16: Santam Limited: key financials (USD )

Table 17: Santam Limited: key financials (ZAR)

Table 18: Santam Limited: key financial ratios

Table 19: South Africa size of population (million), 2013-17

Table 20: South Africa gdp (constant 2005 prices, USD billion), 2013-17

Table 21: South Africa gdp (current prices, USD billion), 2013-17

Table 22: South Africa inflation, 2013-17

Table 23: South Africa consumer price index (absolute), 2013-17

Table 24: South Africa exchange rate, 2013-17

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

Guardrisk Group (Pty) Ltd

The Hollard Insurance Company Ltd

Old Mutual Ltd

Santam Limited