Industry Dynamics and Competitive Landscape in the South African Life Insurance Industry to 2016: Market Profile

Date: April 3, 2012
Pages: 97
Price:
US$ 1,000.00
License [?]:
Publisher: GlobalData
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: IC25BC10202EN
Leaflet:

Download PDF Leaflet

Industry Dynamics and Competitive Landscape in the South African Life Insurance Industry to 2016: Market Profile
Synopsis

The report provides top-level market analysis, information and insights into the South African life insurance market, including:
  • A description of the life insurance market in South Africa
  • The South African life insurance market’s growth prospects
  • The competitive landscape in the South African life insurance market

Summary

The South African insurance industry is the largest life insurance market in Africa, and the most competitive. Mirroring the multi-cultural diversity of the ‘Rainbow Nation’, the insurance market has a highly varied set of industry competitors. Apart from the regular life insurance and short-term insurance companies, the market also has Islamic insurance and microinsurance firms which cater to niche markets. With the government planning a nationwide launch of a national healthcare insurance scheme, and more foreign firms entering the insurance market in South Africa, it is about to get more diverse and intensely competitive.

The entry of leading multinational companies into the South African life insurance market is set to drastically change the competitive landscape. Global insurance giants such as AIG and Zurich Financial Services have established microinsurance operations in South Africa. Barclays’ acquisition of a majority stake in Absa Group was the most significant entry during the review period, and the takeover of Alexander Forbes’s Risk Services operation by Marsh & McLennan Companies suggests that more large deals are expected over the forecast period.

Scope

This report provides a comprehensive analysis of the life insurance market in South Africa:
  • It provides historical values for South Africa’s insurance industry market size for the report’s 2007–2011 review period and forecast figures for the 2011–2016 forecast period
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in South Africa for the life insurance business
  • It profiles the top life insurance companies in South Africa, and outlines the key regulations affecting them
  • It provides a comprehensive analysis of the business environment and country risk for South Africa

Reasons To Buy
  • Make strategic business decisions using top-level historic and forecast market data related to the South African insurance industry and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the South African insurance industry
  • Develop market-entry strategies by understanding the key market opportunities
  • Assess the competitive dynamics in the South African life insurance market
  • Identify key operators in the South African insurance industry, along with profiles on those companies


NOTE: Out of security concerns GlobalData requires using corporate email address.
1 INTRODUCTION

1.1 What is this Report About?
1.2 Definitions
1.3 Methodology

2 SOUTH AFRICAN INSURANCE INDUSTRY ATTRACTIVENESS

2.1 Insurance Industry Market Size, 2007-2016
2.2 Key Industry Trends and Drivers
  2.2.1 Business drivers
  2.2.2 Consumer drivers
2.3 Recent Market Developments

3 REGULATORY POLICIES

4 PORTER'S FIVE FORCES ANALYSIS - SOUTH AFRICAN LIFE INSURANCE MARKET

4.1 Bargaining Power of Supplier: medium
4.2 Bargaining Power of Buyer: low to medium
4.3 Barriers to Entry: medium
4.4 Intensity of Rivalry: medium to high
4.5 Threat of Substitutes: low

5 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

5.1 Overview
5.2 Leading Companies in the South African Life Insurance Market
5.3 Coronation Life Assurance Company Ltd - Company Overview
  5.3.1 Coronation Life Assurance Company Ltd - key facts
  5.3.2 Coronation Life Assurance Company Ltd - main products
  5.3.3 Coronation Life Assurance Company Ltd - main competitors
  5.3.4 Coronation Life Assurance Company Ltd - key employees
5.4 Old Mutual Life Assurance Company (South Africa) Limited - Company Overview
  5.4.1 Old Mutual Life Assurance Company (South Africa) Limited - key facts
  5.4.2 Old Mutual Life Assurance Company (South Africa) Limited - main products
  5.4.3 Old Mutual Life Assurance Company (South Africa) Limited - main competitors
  5.4.4 Old Mutual Life Assurance Company (South Africa) Limited- key employees
5.5 Investment Solutions Ltd - Company Overview
  5.5.1 Investment Solutions Ltd - key facts
  5.5.2 Investment Solutions Ltd - main products
  5.5.3 Investment Solutions Ltd - main competitors
  5.5.4 Investment Solutions Ltd - key employees
5.6 Momentum Group Limited - Company Overview
  5.6.1 Momentum Group Limited - key facts
  5.6.2 Momentum Group Limited - main products
  5.6.3 Momentum Group Limited - main competitors
  5.6.4 Momentum Group Limited - key employees
5.7 Liberty Group Limited - Company Overview
  5.7.1 Liberty Group Limited - key facts
  5.7.2 Liberty Group Limited - main products
  5.7.3 Liberty Group Limited - main competitors
  5.7.4 Liberty Group Limited- key employees
5.8 Allan Gray Proprietary Limited - Company Overview
  5.8.1 Allan Gray Proprietary Limited - key facts
  5.8.2 Allan Gray Proprietary Limited - main products
  5.8.3 Allan Gray Proprietary Limited - main competitors
  5.8.4 Allan Gray Proprietary Limited - key employees
5.9 Discovery Life - Company Overview
  5.9.1 Discovery Life - key facts
  5.9.2 Discovery Life - main products
  5.9.3 Discovery Life - main competitors
  5.9.4 Discovery Life - key employees

6 BUSINESS ENVIRONMENT AND COUNTRY RISK

6.1 Business Confidence
  6.1.1 Business confidence index
  6.1.2 Market capitalization trend - Johannesburg stock exchange, South Africa
6.2 Economic Performance
  6.2.1 GDP at constant prices (US dollars)
  6.2.2 GDP per capita at constant prices (US dollars)
  6.2.3 GDP at current prices (US dollars)
  6.2.4 GDP per capita at current prices (US dollars)
  6.2.5 GDP by key segments
  6.2.6 Agriculture net output at current prices (South African rand)
  6.2.7 Agriculture net output at current prices (US dollars)
  6.2.8 Agriculture net output at current prices as a percentage of GDP
  6.2.9 Manufacturing net output at current prices (South African rand)
  6.2.10 Manufacturing net output at current prices (US dollars)
  6.2.11 Manufacturing net output at current prices as a percentage of GDP
  6.2.12 Mining, manufacturing and utilities net output at current prices (South African rand)
  6.2.13 Mining, manufacturing and utilities at current prices (US dollars)
  6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
  6.2.15 Construction net output at current prices (South African rand)
  6.2.16 Construction net output at current prices, (US dollars)
  6.2.17 Construction net output at current prices as a percentage of GDP
  6.2.18 Inflation rate
  6.2.19 Fiscal balance as a percentage of GDP
  6.2.20 Current account balance as a percentage of GDP
  6.2.21 Exports as a percentage of GDP
  6.2.22 Imports as a percentage of GDP
  6.2.23 Exports growth
  6.2.24 Imports growth
  6.2.25 External debt as a percentage of GDP
  6.2.26 Annual average exchange rate US$-ZAR
  6.2.27 End-of-period exchange rate US$-ZAR
6.3 Infrastructure Quality and Availability
  6.3.1 Total airports and sea ports
  6.3.2 Passenger vehicle production volume
  6.3.3 Commercial vehicle production volume
  6.3.4 Automotive component exports trend
  6.3.5 Automotive component imports trend
  6.3.6 Passenger car penetration
  6.3.7 Healthcare expenditure
  6.3.8 Healthcare expenditure as a percentage of GDP
  6.3.9 Healthcare expenditure per capita
  6.3.10 Total internet subscribers
6.4 Labor Force
  6.4.1 Labor force
  6.4.2 Unemployment rate
6.5 Demographics
  6.5.1 Annual disposable income
  6.5.2 Annual per capita disposable income
  6.5.3 Total population
  6.5.4 Urban and rural population
  6.5.5 Female percentage of population
  6.5.6 Male percentage of population
  6.5.7 Mean age of the population
  6.5.8 Median age of the population
  6.5.9 Population density
  6.5.10 Age distribution of the total population
  6.5.11 Age distribution of the male population
  6.5.12 Age distribution of the female population
  6.5.13 Number of households
6.6 Political and Social Risk
  6.6.1 Political stability
  6.6.2 Terrorism index
  6.6.3 Transparency index

7 APPENDIX

7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: South African Insurance Overall Written Premium by Segment (ZAR Billion), 2007-2011
Table 3: South African Insurance Overall Written Premium by Segment (US$ Billion), 2007-2011
Table 4: South African Insurance Overall Written Premium by Segment (ZAR Billion), 2011-2016
Table 5: South African Insurance Overall Written Premium by Segment (US$ Billion), 2011-2016
Table 6: South Africa Insurance Segmentation (% Share), 2007-2016
Table 7: Life Insurance Market Share (%), 2010
Table 8: Coronation Life Assurance Company Ltd, Key Facts
Table 9: Coronation Life Assurance Company Ltd, Main Products
Table 10: Coronation Life Assurance Company Ltd, Key Employees
Table 11: Old Mutual Life Assurance Company (South Africa) Limited, Key Facts
Table 12: Old Mutual Life Assurance Company (South Africa) Limited, Main Products
Table 13: Old Mutual Life Assurance Company (South Africa) Limited, Key Employees
Table 14: Investment Solutions Limited., Key Facts
Table 15: Investment Solutions Ltd, Main Products
Table 16: Investment Solutions Ltd, Key Employees
Table 17: Momentum Group Limited, Key Facts
Table 18: Momentum Group Limited, Main Products
Table 19: Momentum Group Limited, Key Employees
Table 20: Liberty Group Limited, Key Facts
Table 21: Liberty Group Limited, Main Products
Table 22: Liberty Group Limited, Key Employees
Table 23: Allan Gray Proprietary Limited, Key Facts
Table 24: Allan Gray Proprietary Limited, Main Products
Table 25: Allan Gray Proprietary Limited, Key Employees
Table 26: Discovery Life, Key Facts
Table 27: Discovery Life, Main Products
Table 28: Discovery Life, Key Employees

LIST OF FIGURES

Figure 1: South African Insurance Overall Written Premium by Segment (ZAR Billion), 2007-2016
Figure 2: South Africa Insurance Market Dynamics by Segment, 2007-2016
Figure 3: South African Life Insurance Market - Five Forces Analysis
Figure 4: Life Insurance Market Share (%), 2010
Figure 5: South African Business Confidence Indicator, Q1 2008-Q4 2011
Figure 6: Johannesburg Stock Exchange Market Capitalization (US$ Billion), 2007-2011
Figure 7: South African GDP at Constant Prices (US$ Billion), 2007-2016
Figure 8: South African GDP Per Capita at Constant Prices (US$), 2007-2016
Figure 9: South African GDP at Current Prices (US$ Billion), 2007-2016
Figure 10: South African GDP Per Capita at Current Prices (US$), 2007-2016
Figure 11: South African GDP by Key Segments (%) 2007 and 2011
Figure 12: South African Agriculture Net Output at Current Prices (ZAR Billion), 2007-2016
Figure 13: South African Agriculture Net Output at Current Prices (US$ Billion), 2007-2016
Figure 14: South African Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007-2016
Figure 15: South African Manufacturing Net Output at Current Prices (ZAR Billion), 2007-2016
Figure 16: South African Manufacturing Net Output at Current Prices (US$ Billion), 2007-2016
Figure 17: South African Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007-2016
Figure 18: South African Mining, Manufacturing and Utilities Net Output at Current Prices (ZAR Billion), 2007-2016
Figure 19: South African Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007-2016
Figure 20: South African Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007-2016
Figure 21: South African Construction Net Output at Current Prices (ZAR Billion), 2007-2016
Figure 22: South African Construction Net Output at Current Prices (US$ Billion), 2007-2016
Figure 23: South African Construction Output at Current Prices as a Percentage of GDP (%), 2007-2016
Figure 24: South African Inflation Rate (%), 2007-2016
Figure 25: South African Fiscal Balance as a Percentage of GDP (%), 2007-2011
Figure 26: South African Current Account Balance as a Percentage of GDP (%), 2007-2011
Figure 27: South African Exports as a Percentage of GDP (%), 2007-2016
Figure 28: South African Imports as a Percentage of GDP (%), 2007-2016
Figure 29: South African Exports Growth (%), 2007-2016
Figure 30: South African Imports Growth (%), 2007-2016
Figure 31: South African External Debt as a Percentage of GDP (%), 2007-2011
Figure 32: South African Annual Average Exchange Rate US$-ZAR, 2007-2011
Figure 33: South African End-of-Period Exchange Rate US$-ZAR, 2007-2011
Figure 34: Total Number of South African Airports and Sea Ports, 2011
Figure 35: South African Passenger Vehicle Production ('000), 2007-2016
Figure 36: South African Commercial Vehicle Production ('000), 2007-2016
Figure 37: South African Automotive Component Exports (US$ Billion), 2007-2016
Figure 38: South African Automotive Component Imports (US$ Billion), 2007-2016
Figure 39: South African Passenger Car Penetration (per 1,000 people), 2007-2016
Figure 40: South African Healthcare Expenditure (US$ Billion), 2007-2016
Figure 41: South African Healthcare Expenditure as a Percentage of GDP (%), 2007-2016
Figure 42: South African Per Capita Healthcare Expenditure (US$), 2007-2016
Figure 43: South African Internet Subscriptions (Millions), 2007-2016
Figure 44: South African Size of Labor Force in 15-59 Age Group (Million), 2007-2016
Figure 45: South African Unemployment Rate (%), 2007-2016
Figure 46: South African Annual Disposable Income (US$ Billion), 2007-2016
Figure 47: South African Annual Per Capita Disposable Income (US$), 2007-2016
Figure 48: South African Total Population (Million), 2007-2016
Figure 49: South African Urban and Rural Population (%), 2007-2016
Figure 50: South African Female as Percentage of Population (%), 2007-2016
Figure 51: South African Male as Percentage of Population (%), 2007-2016
Figure 52: South African Mean Age of Population (Years), 2007-2016
Figure 53: South African Median Age of Population (Years), 2007-2016
Figure 54: South African Population Density (per Square Kilometer), 2007-2016
Figure 55: South African Population Distribution by Age (%), 2007-2016
Figure 56: South African Male Population Distribution by Age (%), 2007-2016
Figure 57: South African Female Population Distribution by Age (%), 2007-2016
Figure 58: South African Households, Number of (Million), 2007-2016
Figure 59: Global Terrorism Heat Map, 2011
Figure 60: South African Transparency Index, 2007-2011

COMPANIES MENTIONED

Coronation Life Assurance Company Ltd, Old Mutual Life Assurance Company (South Africa) Limited, Investment Solutions Ltd, Momentum Group Limited, Liberty Group Limited, Allan Gray Proprietary Limited
Skip to top


Ask Your Question

Industry Dynamics and Competitive Landscape in the South African Life Insurance Industry to 2016: Market Profile
Company name*:
Contact person*:
Phone/fax*:
Email*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: