Insurance in South Africa

Insurance in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.

– The South African insurance market had total gross written premiums of $48.2bn in 2018, representing a compound annual growth rate (CAGR) of 3.9% between 2014 and 2018.

– The life insurance segment was the market's most lucrative in 2018, with total gross written premiums of $38.4bn, equivalent to 79.7% of the market's overall value.

– The market is becoming even more sophisticated with the introduction of new legislation.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, 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

Reasons to buy

- What was the size of the South Africa insurance market by value in 2018?

- What will be the size of the South Africa insurance market in 2023?

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

- How has the market performed over the last five years?

- Who are the top competitiors in South Africa's insurance market?

Companies mentioned

Santam Ltd

Hollard Insurance Group

Guardrisk Insurance Company Ltd

Old Mutual Investment Group (Pty) Ltd

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market share

1.6. Market rivalry

1.7. Competitive Landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share

7.2. Who are the leading players?

7.3. What strategies do the leading players follow?

7.4. What has been the recent M&A activity?

8 Company Profiles

8.1. Santam Ltd

8.2. Hollard Insurance Group

8.3. Guardrisk Insurance Company Ltd

8.4. Old Mutual Investment Group (Pty) Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: South Africa insurance market value: $ billion, 2014-18

Table 2: South Africa insurance market category segmentation: $ billion, 2018

Table 3: South Africa insurance market geography segmentation: $ billion, 2018

Table 4: South Africa insurance market value forecast: $ billion, 2018-23

Table 5: South Africa insurance market share: % share, by value, 2018

Table 6: Santam Ltd: key facts

Table 7: Santam Ltd: Annual Financial Ratios

Table 8: Santam Ltd: Key Employees

Table 9: Hollard Insurance Group: key facts

Table 10: Hollard Insurance Group: Key Employees

Table 11: Guardrisk Insurance Company Ltd: key facts

Table 12: Guardrisk Insurance Company Ltd: Key Employees

Table 13: Old Mutual Investment Group (Pty) Ltd: key facts

Table 14: Old Mutual Investment Group (Pty) Ltd: Key Employees

Table 15: South Africa size of population (million), 2014-18

Table 16: South Africa gdp (constant 2005 prices, $ billion), 2014-18

Table 17: South Africa gdp (current prices, $ billion), 2014-18

Table 18: South Africa inflation, 2014-18

Table 19: South Africa consumer price index (absolute), 2014-18

Table 20: South Africa exchange rate, 2014-18

List of Figures

List of Figures

Figure 1: South Africa insurance market value: $ billion, 2014-18

Figure 2: South Africa insurance market category segmentation: % share, by value, 2018

Figure 3: South Africa insurance market geography segmentation: % share, by value, 2018

Figure 4: South Africa insurance market value forecast: $ billion, 2018-23

Figure 5: Forces driving competition in the insurance market in South Africa, 2018

Figure 6: Drivers of buyer power in the insurance market in South Africa, 2018

Figure 7: Drivers of supplier power in the insurance market in South Africa, 2018

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in South Africa, 2018

Figure 9: Factors influencing the threat of substitutes in the insurance market in South Africa, 2018

Figure 10: Drivers of degree of rivalry in the insurance market in South Africa, 2018

Figure 11: South Africa insurance market share: % share, by value, 2018

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