Life Insurance in South Africa, Key Trends and Opportunities to 2017 @ http://www.researchmoz.us/life-insurance-in-south-africa-key-trends-and-opportunities-to-2017-report.html

1. Life 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 life insurance
segment, including:
The South African life insurance segment’s growth prospects by life insurance categories Key trends
and drivers for the life insurance segment The various distribution channels in the South African life insurance
segment Detailed competitive landscape in the life insurance segment in South Africa Detailed regulatory
framework of the South African insurance industry A description of the life reinsurance segment in South
Africa Porter's Five Forces Analysis of the life insurance segment Benchmarking section on the South African
life insurance segment in comparison to other BRICS countries
Executive summary
The South African insurance industry is the largest in Africa, and the country’s life insurance segment
accounted for around 78.6% of the continent’s total gross written premium for life insurance in 2012.
The growth in the South African life segment can be attributed to stable GDP growth, the rising disposable
incomes of the middle-class population, and the rapid expansion of financial services in rural areas, leading to
a rise in awareness levels. High crime rates and levels of HIV, along with the development of microinsurance,
also spurred growth of the life insurance segment.
Scope
This report provides a comprehensive analysis of the life insurance segment in South Africa:
It provides historical values for South Africa's life 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 life 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 life insurance products in South Africa Using
Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in
South Africa for the life insurance business It provides a detailed analysis of the reinsurance segment in South
Africa and its growth prospects It profiles the top life 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 life insurance segment and each category within it Understand the demand-side dynamics, key market
trends and growth opportunities within the South African life insurance segment Assess the competitive
dynamics in the life insurance segment, along with the reinsurance segment Identify the growth opportunities
and market dynamics within key product categories Gain insights into key regulations governing the South
African insurance industry and its impact on companies and the market's future
Key highlights
The rapid expansion of financial services through microinsurance programs has been a major growth driver
in South Africa The penetration rate for microinsurance in South Africa is the highest in Africa, and around
Life Insurance in South Africa, Key Trends and Opportunities to 2017

2. 60% of the continent’s microinsurance policies are contributed by South Africa Penetration was further
helped by a rapid rise in income among the growing black middle-class population, supported by the South
African government’s Black Economic Empowerment (BEE) program Growth was further supported
by an unprecedented stretch of GDP growth which began in 1998, driven by growing mining exports and
increased trade in agricultural commodities Online is the fastest-growing distribution channel in South Africa.
The channel grew at a CAGR of 14.9% during the review period
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 Life Insurance
4.1 Scale And Penetration
4.1.1 Total Gross Written Premium
4.1.2 Premium Per Capita
4.1.3 Life 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 Combined Ratio
4.3.3 Incurred Losses Per Capita
4.3.4 Incurred Losses As A Percentage Of Gdp
4.4 Distribution Channels
4.4.1 Direct Marketing
4.4.2 Bancassurance
4.4.3 Agencies
Life Insurance in South Africa, Key Trends and Opportunities to 2017

3. 5 South African Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends And Drivers
5.2.1 Business Drivers
5.2.2 Consumer Drivers
6 Life Insurance Outlook
6.1 Life Insurance Growth Prospects By Category
6.1.1 Individual Life Insurance
6.1.2 Individual General Annuity Insurance
6.1.3 Individual Pension Insurance
6.1.4 Individual Unit-linked Insurance
6.1.5 Group Life Insurance
6.1.6 Group Superannuation
6.2 Life Insurance Growth Prospects By Product Type
6.2.1 Individual Single-premium Policies
6.2.2 Individual Non-single-premium Policies
6.2.3 Group Single-premium Policies
6.2.4 Group Non-single Premium Category
7 Analysis By Distribution Channel
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 Life Insurance
8.1 Bargaining Power Of Suppliers: Low To Medium
8.2 Bargaining Power Of Buyers: Medium
8.3 Barriers To Entry: Medium To High
8.4 Intensity Of Rivalry: High
8.5 Threat Of Substitutes: Low
9 Governance, Risk And Compliance
9.1 Legislation Overview And Historical Evolution
9.2 Legislation Trends By Type Of Insurance
9.2.1 Life Insurance Regulatory Trends
Life Insurance in South Africa, Key Trends and Opportunities to 2017

4. 9.2.2 Motor Insurance Regulatory Trends
9.2.3 Marine Insurance Regulatory Trends
9.2.4 Aviation Insurance Regulatory Trends
9.2.5 Personal Accident And Health Insurance Regulatory Trends
9.2.6 Property Insurance Regulatory Trends
9.3 Compulsory Insurance
9.3.1 Unemployment Insurance Regulatory Trends
9.3.2 Compensation For Occupational Diseases And Injuries Act
9.3.3 Public Liability Insurance
9.4 Supervision And Control
9.4.1 International Association Of Insurance Supervisors
9.4.2 African Insurance Organization
9.4.3 Financial Services Board
9.5 Non-admitted Insurance Regulatory Trends
9.5.1 Overview
9.5.2 Intermediaries
9.5.3 Market Practices
9.5.4 Fines And Penalties
9.6 Company Registration And Operations
9.6.1 Types Of Insurance Organizations
9.6.2 Establishing Local Company
9.6.3 Foreign Ownership
9.6.4 Types Of License
9.6.5 Capital Requirements
9.6.6 Solvency Margins
9.6.7 Reserve Requirements
9.6.8 Investment Regulations
9.6.9 Policy Terms And Conditions
9.7 Taxation
9.7.1 Insurance Premium Or Policy Taxation
9.7.2 Corporate Tax
9.7.3 Vat
9.7.4 Captives
9.8 Legal System
9.8.1 Introduction
9.8.2 Access To Courts
9.8.3 Alternative Dispute Resolution (adr)
10 Reinsurance Growth Dynamics And Challenges
10.1 Reinsurance Segment Size, 2008–2017
10.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017
Life Insurance in South Africa, Key Trends and Opportunities to 2017

5. 11 Competitive Landscape And Strategic Insights
11.1 Overview
11.2 Leading Companies In The South African Life Insurance Segment
11.3 Comparison Of The Top Five Insurers
11.3.1 Net Earned Premium
11.3.2 Paid Claims
11.3.3 Incurred Loss
11.3.4 Total Assets
11.4 Old Mutual Life Assurance Company (south Africa) Ltd – Company Overview
11.4.1 Old Mutual Life Assurance Company (south Africa) Ltd – Key Facts
11.4.2 Old Mutual Life Assurance Company (south Africa) Ltd – Key Financials
11.5 Mmi Group Ltd – Company Overview
11.5.1 Mmi Group Ltd – Key Facts
11.5.2 Mmi Group Ltd – Key Financials
11.6 Sanlam Life Insurance Ltd – Company Overview
11.6.1 Sanlam Life Insurance Ltd – Key Facts
11.6.2 Sanlam Life Insurance Ltd – Key Financials
11.7 Investec Assurance Ltd – Company Overview
11.7.1 Investec Assurance Ltd – Key Facts
11.7.2 Investec Assurance Ltd – Key Financials
11.8 Investment Solutions Ltd – Company Overview
11.8.1 Investment Solutions Ltd – Key Facts
11.8.2 Investment Solutions Ltd – Key Financials
11.9 Liberty Group Ltd – Company Overview
11.9.1 Liberty Group Ltd – Key Facts
11.9.2 Liberty Group Ltd – Key Financials
11.1 Coronation Life Assurance Company Ltd – Company Overview
11.10.1 Coronation Life Assurance Company Ltd – Key Facts
11.10.2 Coronation Life Assurance Company Ltd – Key Financials
11.11 Allan Gray Proprietary Ltd – Company Overview
11.11.1 Allan Gray Proprietary Ltd – Key Facts
11.11.2 Allan Gray Proprietary Ltd – Key Financials
11.12 Discovery Life Ltd – Company Overview
11.12.1 Discovery Life Ltd – Key Facts
11.12.2 Discovery Life Ltd – Key Financials
11.13 Liberty Active Ltd – Company Overview
11.13.1 Liberty Active Ltd – Key Facts
11.13.2 Liberty Active Ltd – Key Financials
12 Business Environment And Country Risk
12.1 Business Confidence
12.1.1 Market Capitalization Trend – Johannesburg Stock Exchange, South Africa
Life Insurance in South Africa, Key Trends and Opportunities to 2017

6. 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)
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
Life Insurance in South Africa, Key Trends and Opportunities to 2017

7. 13.2 Contact Us
13.3 About Timetric
13.4 Disclaimer
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Life Insurance in South Africa, Key Trends and Opportunities to 2017