Insurance in South Africa

Insurance in South Africa

Code: ML-OHME2307 | Published: Feb-2015 | Pages: 37 | MarketLine
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Insurance in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). 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.

- 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 2013 average exchange rates.

- The South African insurance market is expected to generate total gross written premiums of $61.6bn in 2014, representing a compound annual growth rate (CAGR) of 13.7% between 2010 and 2014.

- The life insurance segment is expected to be the markets most lucrative in 2014, with total gross written premiums of $51.2bn, equivalent to 83.2% of the markets overall value.

- The performance of the market is forecast to decelerate, with an anticipated CAGR of 10% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $99.0bn by the end of 2019.

Key Findings
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

Reasons To Buy
What was the size of the South Africa insurance market by value in 2014?

What will be the size of the South Africa insurance market in 2019?

What factors are affecting the strength of competition in the South Africa insurance market?

How has the market performed over the last five years?

Table of Contents

TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 15
New entrants 17
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
MMI Holdings Limited 20
Old Mutual Life Assurance Company 23
Sanlam Life Insurance Limited 26
Liberty Mutual Holding Company Inc. 29
Macroeconomic Indicators 32
Country Data 32
Methodology 34
Industry associations 35
Related MarketLine research 35
Appendix 36
About MarketLine 36

LIST OF TABLES
Table 1: South Africa insurance market value: $ billion, 2010-14(e) 8
Table 2: South Africa insurance market category segmentation: $ billion, 2014(e) 9
Table 3: South Africa insurance market geography segmentation: $ billion, 2014(e) 10
Table 4: South Africa insurance market value forecast: $ billion, 2014-19 11
Table 5: MMI Holdings Limited: key facts 20
Table 6: MMI Holdings Limited: key financials ($) 20
Table 7: MMI Holdings Limited: key financials (ZAR) 21
Table 8: MMI Holdings Limited: key financial ratios 21
Table 9: Old Mutual Life Assurance Company: key facts 23
Table 10: Old Mutual Life Assurance Company: key financials ($) 23
Table 11: Old Mutual Life Assurance Company: key financials (Pound) 24
Table 12: Old Mutual Life Assurance Company: key financial ratios 24
Table 13: Sanlam Life Insurance Limited: key facts 26
Table 14: Sanlam Life Insurance Limited: key financials ($) 26
Table 15: Sanlam Life Insurance Limited: key financials (ZAR) 26
Table 16: Sanlam Life Insurance Limited: key financial ratios 27
Table 17: Liberty Mutual Holding Company Inc.: key facts 29
Table 18: Liberty Mutual Holding Company Inc.: key financials ($) 30
Table 19: Liberty Mutual Holding Company Inc.: key financial ratios 30
Table 20: South Africa size of population (million), 2010-14 32
Table 21: South Africa gdp (constant 2005 prices, $ billion), 2010-14 32
Table 22: South Africa gdp (current prices, $ billion), 2010-14 32
Table 23: South Africa inflation, 2010-14 33
Table 24: South Africa consumer price index (absolute), 2010-14 33
Table 25: South Africa exchange rate, 2010-14 33

LIST OF FIGURES
Figure 1: South Africa insurance market value: $ billion, 2010-14(e) 8
Figure 2: South Africa insurance market category segmentation: % share, by value, 2014(e) 9
Figure 3: South Africa insurance market geography segmentation: % share, by value, 2014(e) 10
Figure 4: South Africa insurance market value forecast: $ billion, 2014-19 11
Figure 5: Forces driving competition in the insurance market in South Africa, 2014 12
Figure 6: Drivers of buyer power in the insurance market in South Africa, 2014 13
Figure 7: Drivers of supplier power in the insurance market in South Africa, 2014 15
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in South Africa, 2014 17
Figure 9: Factors influencing the threat of substitutes in the insurance market in South Africa, 2014 18
Figure 10: Drivers of degree of rivalry in the insurance market in South Africa, 2014 19
Figure 11: MMI Holdings Limited: revenues and profitability 21
Figure 12: MMI Holdings Limited: assets and liabilities 22
Figure 13: Old Mutual Life Assurance Company: revenues and profitability 24
Figure 14: Old Mutual Life Assurance Company: assets and liabilities 25
Figure 15: Sanlam Life Insurance Limited: revenues and profitability 27
Figure 16: Sanlam Life Insurance Limited: assets and liabilities 28
Figure 17: Liberty Mutual Holding Company Inc.: revenues and profitability 31
Figure 18: Liberty Mutual Holding Company Inc.: assets and liabilities 31
MMI Holdings Limited, Old Mutual Life Assurance Company, Sanlam Life Insurance Limited and Liberty Mutual Holding Company Inc.

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