Life Insurance in South Africa, Key Trends and Opportunities to 2019

Mar 09, 2016, 16:16 ET from ReportBuyer

LONDON, March 9, 2016 /PRNewswire/ -- Synopsis
Timetric's 'Life Insurance in South Africa, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the South African life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the South African economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric's ' Life Insurance in South Africa, Key Trends and Opportunities to 2019' 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 category

- Key trends, drivers and challenges for the life insurance segment

- A comprehensive overview of the South African economy and demographics

- The various distribution channels in the South African life insurance segment

- Details of the competitive landscape in the life insurance segment in South Africa

- Details of regulatory policy applicable to the South African insurance industry

Scope
This report provides a comprehensive analysis of the life insurance segment in South Africa:

- It provides historical values for the South African life insurance segment for the report's 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the South African life insurance segment, and market forecasts to 2019.

- It analyzes the various distribution channels for life insurance products in South Africa.

- 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 in the South African life insurance segment.

- Assess the competitive dynamics in the life insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the South African insurance industry, and their impact on companies and the industry's future.

Key Highlights
- South African life insurance penetration increased from 10.0% in 2010 to 11.4% in 2014.

- South African life insurance accounted for 79.2% of the industry's gross written premium in 2014.

- The life insurance segment registered a decrease in the number of participants from 76 in 2011 to 73 in 2014.

- The life segment is consolidated, with the 10 leading insurers accounting for 82.8% of the segment's gross written premium in the same year.

- The South African life insurance segment has a well established network of brokers and agencies, while direct marketing and bancassurance have also evolved over the review period.
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