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Thursday, 25 May 2017
Market Review on Life Insurance in South Africa to 2020
Life Insurance in South Africa, Key Trends and Opportunities to 2020 is a new market research publication announced by Reportstack. This report provides in-depth market analysis, information and insights into the South African life insurance segment, including:
An overview of the South African life insurance segment
The South African life insurance segment’s growth prospects by category
A comprehensive overview of the South African economy and demographics
A comparison of the South African life insurance segment with its regional counterparts
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 South Africa life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
It offers a detailed analysis of the key categories in the South African life insurance segment, and market forecasts to 2020.
It provides a comparison of the South African life insurance segment with its regional counterparts
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.
Life insurance accounted for 78.2% of the South African insurance gross written premium in 2015.
Life insurance penetration was 11.4% in 2015 and was the highest in southern Africa.
The South African life segment is highly concentrated, with the 10 leading insurers collectively accounting for 80.7% of the segment’s direct written premium in 2015.
Brokers, agencies and bancassurance are the preferred distribution channels for the life segment in South Africa.
The unemployment rate remained significantly high in South Africa during the review period, at 25.4%.
Old Mutual Life Assurance Company (South Africa) Ltd Momentum Group Ltd Liberty Group Ltd Sanlam Life Insurance Ltd Investec Assurance Ltd Investment Solutions Ltd Discovery Life Allan Gray Pty Ltd Coronation Life Assurance Company Ltd Sygnia Life