Non-Life Insurance in South Africa, Key Trends and Opportunities to 2017 - New Report Available

From: Fast Market Research, Inc.
Published: Fri Sep 06 2013

South Africa's is the largest insurance industry in Africa, dominating the region by contributing more than half the total direct premiums in the non-life segment. The segment grew from a written premium value of ZAR59.7 billion (US$7.4 billion) in 2008 to ZAR79.8 billion (US$9.8 billion) in 2012, at a review-period (2008-2012) CAGR of 7.5%. This was backed by GDP growth, progress in the automobile and property sectors and a rise in public awareness with regards to insurance products. New regulations have spurred industry growth and South African non-life insurers are expected to gain exposure to global insurance industries as a result.

Key Highlights

* Stable GDP growth, rising disposable income levels among consumers and increasing public awareness of insurance products have been the main growth drivers in the South African non-life insurance segment
* The stable economic growth of mining exports, agricultural commodities and the rapid rise of the nation's services sector are expected to increase demand for non-life insurance products over the forecast period (2012-2017)
* An increase in penetration rates was supported by the government's Black Economic Empowerment (BEE) program, which has enlarged the black middle-class population
* Property insurance is the largest category and accounted for a segmental share of 47.7% in 2012
* Motor insurance is the second-largest category and accounted for 44.3% of the segment in 2012

Full Report Details at


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

* It provides historical values for South Africa's non-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 non-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 non-life insurance products in South Africa
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in South Africa for the non-life insurance business
* It provides a detailed analysis of the reinsurance segment in South Africa and its growth prospects
* It profiles the top non-life insurance companies in South Africa and outlines the key regulations affecting them

Reasons to Get this Report

* Make strategic business decisions using in depth historic and forecast market data related to the South African non-life insurance segment and each category within it

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Life Insurance in South Africa, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017
- Reinsurance in South Africa, Key Trends and Opportunities to 2017
- Life Insurance in Russia, Key Trends and Opportunities to 2017
- Non-Life Insurance in Romania, Key Trends and Opportunities to 2017

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