Personal Accident and Health Insurance in South Africa to 2017:Latest Industry Size Research Report

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Personal Accident and Health Insurance in South Africa to 2017:Latest Industry Size Research Report

  1. 1. Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the South African personal accident and health insurance segment, including: The South African personal accident and health insurance segment’s growth prospects by insurance categories Key trends and drivers for the personal accident and health insurance segment The various distribution channels in the South African personal accident and health insurance segment Detailed competitive landscape in the personal accident and health insurance segment in South Africa A description of the personal accident and health reinsurance segment in South Africa Porter's Five Forces Analysis of the personal accident and health insurance segment Benchmarking section on the South African personal accident and health insurance segment in comparison to other BRICS countries Executive summary South Africa’s healthcare industry is expected to undergo a radical change in structure following the launch of National Healthcare Insurance (NHI), a universal healthcare scheme. The NHI is expected to have a significant impact on the South African personal accident and health segment, both directly and indirectly. Although personal accident and health insurance is the smallest segment in the overall South African insurance industry in terms of total written premium, NHI could considerably enlarge the segment. Other new South African insurance products, such as those which provide cover for HIV-infected people, as well as medical savings initiatives, will ensure steady growth for the segment over the forecast period. Scope This report provides a comprehensive analysis of the personal accident and health insurance segment in South Africa: It provides historical values for South Africa's personal accident and health insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period It offers a detailed analysis of the key sub-segments in South Africa's personal accident and health insurance segment, along with market forecasts until 2017 It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions It analyses the various distribution channels for personal accident and health insurance products in South Africa Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in South Africa for the personal accident and health insurance segment It provides a detailed analysis of the reinsurance segment in South Africa and its growth prospects 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 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 within the South African personal accident and health insurance segment Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment Identify the growth opportunities and market dynamics within key product Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017
  2. 2. categories Gain insights into key regulations governing the South African insurance segment and its impact on companies and the market's future Key highlights The personal accident and health insurance segment grew at a CAGR of 10.7% during the review period (2008–2012) This robust growth was supported by the country’s increasing per capita income levels, GDP growth, favorable insurance reforms, and financial and healthcare service expansions The main growth driver for personal accident and health insurance during the review period was the launch of HIV/AIDS insurance by both health and life insurers, which was purchased by a large number of the country’s formerly uninsured population Insurers in South Africa pioneered the offering of anti-retroviral therapy for HIV-infected patients In addition, the rapid infrastructure construction for the FIFA World Cup provided an abnormally large growth in personal accident and health insurance premiums in 2010 table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Regional Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 4 Personal Accident And Health Insurance Segment 4.1 Scale And Penetration 4.1.1 Total Market Gross Written Premium 4.1.2 Premium Per Capita 4.1.3 Personal Accident And Health Insurance Penetration (as A Percentage Of Gdp) 4.2 Growth 4.2.1 Gross Written Premium 4.2.2 Gross Written Premium Per Capita 4.3 Efficiency And Risk 4.3.1 Loss Ratio 4.3.2 Incurred Losses Per Capita 4.3.3 Incurred Losses As A Percentage Of Gdp 4.4 Distribution Channels Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017
  3. 3. 4.4.1 Direct Marketing 4.4.2 Bancassurance 4.4.3 Agencies 5 South African Insurance Industry Attractiveness 5.1 Insurance Industry Size, 2008–2017 5.2 Key Industry Trends And Drivers 6 Personal Accident And Health Insurance Outlook 6.1 Personal Accident And Health Insurance Growth Prospects By Category 6.1.1 Personal Accident 6.1.2 Travel Insurance 6.1.3 Health Insurance 6.1.4 Non-life Health Insurance 7 Analysis By Distribution Channels 7.1 Direct Marketing 7.2 Bancassurance 7.3 Agencies 7.4 E-commerce 7.5 Brokers 7.6 Other Channels 8 Porter’s Five Forces Analysis – South African Personal Accident And Health Insurance Segment 8.1 Bargaining Power Of Supplier: Medium To High 8.2 Bargaining Power Of Buyer: Medium To High 8.3 Barriers To Entry: Medium 8.4 Intensity Of Rivalry: High 8.5 Threat Of Substitutes: Low 9 Reinsurance Growth Dynamics And Challenges 9.1 Reinsurance Segment Size, 2008–2017 9.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017 10 Governance, Risk And Compliance 10.1 Legislation Overview And Historical Evolution Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017
  4. 4. 10.2 Legislation Trends By Type Of Insurance 10.2.1 Life Insurance Regulatory Trends 10.2.2 Motor Insurance Regulatory Trends 10.2.3 Marine Insurance Regulatory Trends 10.2.4 Aviation Insurance Regulatory Trends 10.2.5 Personal Accident And Health Insurance Regulatory Trends 10.2.6 Property Insurance Regulatory Trends 10.3 Compulsory Insurance 10.3.1 Unemployment Insurance Regulatory Trends 10.3.2 Compensation For Occupational Diseases And Injuries Act 10.3.3 Public Liability Insurance 10.4 Supervision And Control 10.4.1 International Association Of Insurance Supervisors 10.4.2 African Insurance Organization 10.4.3 Financial Services Board 10.5 Non-admitted Insurance Regulatory Trends 10.5.1 Overview 10.5.2 Intermediaries 10.5.3 Market Practices 10.5.4 Fines And Penalties 10.6 Company Registration And Operations 10.6.1 Types Of Insurance Organizations 10.6.2 Establishing Local Company 10.6.3 Foreign Ownership 10.6.4 Types Of License 10.6.5 Capital Requirements 10.6.6 Solvency Margins 10.6.7 Reserve Requirements 10.6.8 Investment Regulations 10.6.9 Policy Terms And Conditions 10.7 Taxation 10.7.1 Insurance Premium Or Policy Taxation 10.7.2 Corporate Tax 10.7.3 Vat 10.7.4 Captives 10.8 Legal System 10.8.1 Introduction 10.8.2 Access To Courts 10.8.3 Alternative Dispute Resolution (adr) 11 Competitive Landscape And Strategic Insights 11.1 Overview Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017
  5. 5. 11.2 Leading Companies In The South African Personal Accident And Health Insurance Segment 11.3 Discovery Life Ltd – Company Overview 11.3.1 Discovery Life Ltd – Key Facts 11.3.2 Discovery Life Ltd – Key Financials 11.4 Liberty Group Ltd – Company Overview 11.4.1 Liberty Group Ltd – Key Facts 11.4.2 Liberty Group Ltd – Key Financials 11.5 Liberty Active Ltd – Company Overview 11.5.1 Liberty Active Ltd – Key Facts 11.5.2 Liberty Active Ltd – Key Financials 11.6 Mmi Group Ltd – Company Overview 11.6.1 Mmi Group Ltd – Key Facts 11.6.2 Mmi Group Ltd – Key Financials 11.7 Hollard Insurance Company Ltd – Company Overview 11.7.1 Hollard Insurance Company Ltd – Key Facts 11.7.2 Hollard Insurance Company Ltd– Key Financials 11.8 Rand Mutual Assurance Company Ltd – Company Overview 11.8.1 Rand Mutual Assurance Company Ltd – Key Facts 11.8.2 Rand Mutual Assurance – Key Financials 11.9 Guardrisk Holdings Ltd – Company Overview 11.9.1 Guardrisk Holdings Ltd – Key Facts 1.8.2 Guardrisk Holdings Ltd – Key Financials 11.1 Sanlam Life Insurance Ltd – Company Overview 11.10.1 Sanlam Life Insurance Ltd – Key Facts 11.10.2 Sanlam Life Insurance Ltd – Key Financials 11.11 Old Mutual Life Assurance Company (south Africa) Ltd – Company Overview 11.11.1 Old Mutual Life Assurance Company (south Africa) Ltd – Key Facts 11.11.2 Old Mutual Life Assurance Company (south Africa) Ltd – Key Financials 11.12 Chartis Life South Africa Ltd– Company Overview 11.12.1 Chartis Life South Africa Ltd – Key Facts 11.12.2 Chartis Life South Africa Ltd– Key Financials 12 Business Environment And Country Risk 12.1 Business Confidence 12.1.1 Market Capitalization Trend – Johannesburg Stock Exchange, South Africa 12.2 Economic Performance 12.2.1 Gdp At Constant Prices (us$) 12.2.2 Gdp Per Capita At Constant Prices (us$) 12.2.3 Gdp At Current Prices (us$) 12.2.4 Gdp Per Capita At Current Prices (us$) 12.2.5 Gdp By Key Segments 12.2.6 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices (zar) Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017
  6. 6. 12.2.7 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices (us$) 12.2.8 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices As A Percentage Of Gdp 12.2.9 Manufacturing Net Output At Current Prices (zar) 12.2.10 Manufacturing Net Output At Current Prices (us$) 12.2.11 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 12.2.12 Mining, Manufacturing And Utilities Net Output At Current Prices (zar) 12.2.13 Mining, Manufacturing And Utilities At Current Prices (us$) 12.2.14 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp 12.2.15 Construction Net Output At Current Prices (zar) 12.2.16 Construction Net Output At Current Prices, (us$) 12.2.17 Construction Net Output At Current Prices As A Percentage Of Gdp 12.2.18 Inflation Rate 12.2.19 Exports As A Percentage Of Gdp 12.2.20 Imports As A Percentage Of Gdp 12.2.21 Exports Growth 12.2.22 Imports Growth 12.2.23 Annual Average Exchange Rate Zar–us$ 12.3 Infrastructure Quality And Availability 12.3.1 Commercial Vehicles Exports 12.3.2 Commercial Vehicles Imports 12.3.3 Automotive Exports 12.3.4 Automotive Imports 12.3.5 Total Internet Subscribers 12.4 Labor Force 12.4.1 Labor Force 12.4.2 Unemployment Rate 12.5 Demographics 12.5.1 Gross National Disposable Income (us$) 12.5.2 Total Population 12.5.3 Urban And Rural Population 12.5.4 Median Age Of Population 12.5.5 Age Distribution Of The Total Population 13 Appendix 13.1 Methodology 13.2 Contact Us 13.3 About Timetric 13.4 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017
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