Reinsurance in South Africa, Key Trends and Opportunities to 2016: Innovative Insurance Products to Drive the Reinsurance Market

Date: February 10, 2012
Pages: 103
Price:
US$ 1,950.00
License [?]:
Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: R0E41014A34EN
Leaflet:

Download PDF Leaflet

Reinsurance in South Africa, Key Trends and Opportunities to 2016: Innovative Insurance Products to Drive the Reinsurance Market
Synopsis

The report provides top-level market analysis, information and insights into the South African reinsurance market, including:
  • The South African reinsurance market’s growth prospects by reinsurance categories
  • The South African reinsurance market’s growth prospects by reinsurance ceded from direct insurance segments
  • The competitive landscape in the South African reinsurance insurance market
Summary

South Africa’s reinsurance accounted for 0.7% of the global reinsurance market in 2011. The South African reinsurance segment grew steadily despite the adverse impact of the global economic crisis during the review period (2007–2011). This was due to the strong growth in South Africa’s non-life and personal accident and health insurance segments. The South African insurance industry accounts for approximately 80% of total direct premiums generated on the African continent.

Scope

This report provides a comprehensive analysis of the reinsurance market in South Africa:
  • It provides historical values for South Africa’s reinsurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
  • It offers a detailed analysis of the key sub-segments in South Africa’s reinsurance market, along with market forecasts until 2016
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in South Africa and its growth prospects
  • It profiles the top reinsurance companies in South Africa
Reasons To Buy
  • Make strategic business decisions using top-level historic and forecast market data related to the South African reinsurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the South African reinsurance market
  • Assess the competitive dynamics in the reinsurance market
  • Identify the growth opportunities and market dynamics within key product categories
Key Highlights
  • The South African reinsurance segment grew steadily during the review period (2007–2011) due to the strong growth in South Africa’s non-life and personal accident and health insurance segments
  • For reinsurance companies, South Africa provided 39% of total gross premiums from the African continent in 2010, an increase from the 32% recorded in 2008
  • South African insurers are seeking the services of reinsurers and alternative risk transfer products to mitigate the risks associated with advanced insurance products such as medical coverage for HIV infections
  • There were seven reinsurance companies registered in South Africa during the review period. The seven South African reinsurers are Munich Re, Hannover Re, African Re, Hannover Life Re, General Re, Scor Re and SaXum Re
1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 SOUTH AFRICA INSURANCE INDUSTRY ATTRACTIVENESS

3.1 Insurance Industry Market Size, 2007–2016
3.2 Reinsurance Growth Dynamics and Challenges
  3.2.1 Reinsurance market size, 2007–2016
  3.2.2 Reinsurance market size by type of insurance, 2007–2016

4 KEY INDUSTRY TRENDS AND DRIVERS

4.1 Fundamental Business Drivers
4.2 Life Insurance Segment Drivers
4.3 Non-Life Insurance Segment Drivers
4.4 Personal Accident and Health Insurance Segment Drivers
4.5 Recent Market Developments

5 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

5.1 Overview
5.2 Leading Companies in the South African Reinsurance Market
5.3 General Reinsurance Corporation – Company Overview
  5.3.1 General Reinsurance Corporation – key facts
  5.3.2 General Reinsurance Corporation– main products
  5.3.3 General Reinsurance Corporation – main competitors
  5.3.4 General Reinsurance Corporation – key employees
5.4 Munich Re Group – Company Overview
  5.4.1 Munich Re Group – key facts
  5.4.2 Munich Re Group – main products
  5.4.3 Munich Re Group – main competitors
  5.4.4 Munich Re Group – 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: Reinsurance Market in South Africa by Category (ZAR Billion), 2007–2011
Table 8: Reinsurance Market in South Africa by Category (US$ Billion), 2007–2011
Table 9: Reinsurance Market in South Africa by Category (ZAR Billion), 2011–2016
Table 10: Reinsurance Market in South Africa by Category (US$ Billion), 2011–2016
Table 11: Reinsurance Ceded by Insurance Segment (ZAR Billion), 2007–2011
Table 12: Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2011
Table 13: Reinsurance Ceded by Insurance Segment (ZAR Billion), 2011–2016
Table 14: Reinsurance Ceded by Insurance Segment (US$ Billion), 2011–2016
Table 15: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 16: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 17: Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Table 18: Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Table 19: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 20: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 21: Reinsurance Market Share (%), 2010
Table 22: General Reinsurance Corporation, Key Facts
Table 23: General Reinsurance Corporation, Main Products
Table 24: General Reinsurance Corporation, Key Employees
Table 25: Munich Re Group, Key Facts
Table 26: Munich Re Group, Main Products
Table 27: Munich Re Group, 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: Premium Ceded to Reinsurance by Category (ZAR Billion), 2007–2016
Figure 4: Reinsurance Premium by Category (%Share), 2011 and 2016
Figure 5: Reinsurance Market Dynamics by Category, 2007–2016
Figure 6: Reinsurance Ceded by Insurance Segment (ZAR Billion), 2007–2016
Figure 7: Reinsurance Market Dynamics by Insurance Segment, 2007–2016
Figure 8: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 9: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 10: Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Figure 11: Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Figure 12: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 13: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 14: Reinsurance Market Share (%), 2010
Figure 15: South African Business Confidence Indicator, Q1 2008–Q4 2011
Figure 16: Johannesburg Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 17: South African GDP at Constant Prices (US$ Billion), 2007–2016
Figure 18: South African GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 19: South African GDP at Current Prices (US$ Billion), 2007–2016
Figure 20: South African GDP Per Capita at Current Prices (US$), 2007–2016
Figure 21: South African GDP by Key Segments (%) 2007 and 2011
Figure 22: South African Agriculture Net Output at Current Prices (ZAR Billion), 2007–2016
Figure 23: South African Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 24: South African Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 25: South African Manufacturing Net Output at Current Prices (ZAR Billion), 2007–2016
Figure 26: South African Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 27: South African Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 28: South African Mining, Manufacturing and Utilities Net Output at Current Prices (ZAR Billion), 2007–2016
Figure 29: South African Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 30: South African Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007–2016
Figure 31: South African Construction Net Output at Current Prices (ZAR Billion), 2007–2016
Figure 32: South African Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 33: South African Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 34: South African Inflation Rate (%), 2007–2016
Figure 35: South African Fiscal Balance as a Percentage of GDP (%), 2007–2011
Figure 36: South African Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 37: South African Exports as a Percentage of GDP (%), 2007–2016
Figure 38: South African Imports as a Percentage of GDP (%), 2007–2016
Figure 39: South African Exports Growth (%), 2007–2016
Figure 40: South African Imports Growth (%), 2007–2016
Figure 41: South African External Debt as a Percentage of GDP (%), 2007–2011
Figure 42: South African Annual Average Exchange Rate US$–ZAR, 2007–2011
Figure 43: South African End-of-Period Exchange Rate US$–ZAR, 2007–2011
Figure 44: Total Number of South African Airports and Sea Ports, 2011
Figure 45: South African Passenger Vehicle Production (‘000), 2007–2016
Figure 46: South African Commercial Vehicle Production (‘000), 2007–2016
Figure 47: South African Automotive Component Exports (US$ Billion), 2007–2016
Figure 48: South African Automotive Component Imports (US$ Billion), 2007–2016
Figure 49: South African Passenger Car Penetration (per 1,000 people), 2007–2016
Figure 50: South African Healthcare Expenditure (US$ Billion), 2007–2016
Figure 51: South African Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 52: South African Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 53: South African Internet Subscriptions (Millions), 2007–2016
Figure 54: South African Size of Labor Force in 15–59 Age Group (Million), 2007–2016
Figure 55: South African Unemployment Rate (%), 2007–2016
Figure 56: South African Annual Disposable Income (US$ Billion), 2007–2016
Figure 57: South African Annual Per Capita Disposable Income (US$), 2007–2016
Figure 58: South African Total Population (Million), 2007–2016
Figure 59: South African Urban and Rural Population (%), 2007–2016
Figure 60: South African Female as Percentage of Population (%), 2007–2016
Figure 61: South African Male as Percentage of Population (%), 2007–2016
Figure 62: South African Mean Age of Population (Years), 2007–2016
Figure 63: South African Median Age of Population (Years), 2007–2016
Figure 64: South African Population Density (per Square Kilometer), 2007–2016
Figure 65: South African Population Distribution by Age (%), 2007–2016
Figure 66: South African Male Population Distribution by Age (%), 2007–2016
Figure 67: South African Female Population Distribution by Age (%), 2007–2016
Figure 68: South African Households, Number of (Million), 2007–2016
Figure 69: Global Terrorism Heat Map, 2011
Figure 70: South African Transparency Index, 2007–2011

COMPANIES MENTIONED

Munich Re
General Re
Skip to top


Charge Cards - South Africa US$ 900.00 Mar, 2011 · 42 pages
Men's Grooming in South Africa US$ 990.00 Apr, 2016 · 35 pages

Ask Your Question

Reinsurance in South Africa, Key Trends and Opportunities to 2016: Innovative Insurance Products to Drive the Reinsurance Market
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: