Market Report, "Reinsurance in South Africa, Key Trends and Opportunities to 2017", published

From: Fast Market Research, Inc.
Published: Fri Sep 27 2013

The South African reinsurance segment grew steadily during the review period (2008-2012), despite the adverse impact of the global economic crisis, rising from ZAR11.8 billion (US$1.5 billion) in 2008 to ZAR15.2 billion (US$1.9 billion) in 2012, at a CAGR of 6.5%. This was due to strong growth in the South African non-life and personal accident and health segments. The South African insurance industry accounted for approximately 80% of total direct premiums generated on the African continent in 2012.

Full Report Details at

Key Highlights

* The penetration of low-income micro-insurance is one of the highest in the world, with around 15% of the country's low-income groups owning a formal policy
* When informal cover is added, the penetration among the low-income group extends to 59%
* This is mainly due to the wide adoption of funeral insurance
* Funeral products experienced the greatest increase in the number of users, from 5.9 million people, or 19% of the population, in 2008 to 7.8 million people, or 23% of the population, in 2011


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 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 reinsurance market, along with market forecasts until 2017
* It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in South Africa and its growth prospects

Reasons to Get this Report

* Make strategic business decisions using 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
* Identify the growth opportunities and market dynamics within key product categories
* Gain insights into key regulations governing the South African insurance market and its impact on companies and the market's future

Companies Mentioned in this Report: Munich Reinsurance Company of Africa Ltd, Hannover Reinsurance Africa Ltd, General Reinsurance Africa Ltd, Swiss Re Life and Health Africa Ltd, African Reinsurance Corporation (SA) Ltd

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
- Non-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
- Life Insurance in Russia, Key Trends and Opportunities to 2017
- Reinsurance in Australia, Key Trends and Opportunities to 2017

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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