Executive Summary
South Africa’s healthcare industry is expected to undergo a radical change in structure following the launch of National Healthcare Insurance (NHI), a universal healthcare scheme. The NHI will have a significant impact on the South African personal accident and health insurance segment, both directly and indirectly. Although personal accident and health insurance is the smallest segment in the overall South African insurance industry in terms of total written premium, NHI could considerably enlarge the insurance segment. Other new South African insurance products, such as those which provide cover for HIV-infected people, as well as medical savings initiatives, will ensure steady growth for the segment during the forecast period.
Scope
- This report provides a comprehensive analysis of the personal accident and health insurance market in South Africa
- It provides historical values for South Africa’s personal accident and health insurance 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 personal accident and health insurance market, along with market forecasts until 2016
- 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 personal accident and health insurance products in South Africa
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in South Africa for the personal accident and health insurance business
- It provides a detailed analysis of the reinsurance market in South Africa and its growth prospects
- It profiles the top personal accident and health insurance companies in South Africa and outlines the key regulations affecting them
South African Personal Accident and Health Insurance Market
Published: February 2012
No.OF Pages: 185
Price: Single User License US$ 1950 Corporate User License US$ 5850
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 South African Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 Personal Accident and Health Insurance Market Outlook
4.1 Personal Accident and Health Insurance Growth Prospects by Category
4.1.1 Personal accident category
4.1.2 Travel insurance category
4.1.3 Health insurance category
4.1.4 Non-life health insurance sub-category
4.1.5 Life health insurance sub-category
5 Analysis by Distribution Channels
5.1 Direct Marketing Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 Other Channels
6 Regulatory Policies
7 Porter’s Five Forces Analysis – South Africa Personal Accident and Health Insurance Market
7.1 Bargaining Power of Supplier: medium to high
7.2 Bargaining Power of Buyer: medium
7.3 Barriers to Entry: medium
7.4 Intensity of Rivalry: high
7.5 Threat of Substitutes: low
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance market size by type of insurance, 2007–2016
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the South African Personal Accident and Health Insurance Segment
9.3 Discovery Life – Company Overview
9.3.1 Discovery Life – key facts
9.3.2 Discovery Life – main products
9.3.3 Discovery Life – main competitors
9.3.4 Discovery Life – key employees
9.4 Liberty Group Limited – Company Overview
9.4.1 Liberty Group Limited – key facts
9.4.2 Liberty Group Limited – main products
9.4.3 Liberty Group Limited – main competitors
9.4.4 Liberty Group Limited – key employees
9.5 Guardrisk Holdings Limited – Company Overview
9.5.1 Guardrisk Holdings Limited – key facts
9.5.2 Guardrisk Holdings Limited – main products
9.5.3 Guardrisk Holdings Limited – main competitors
9.5.4 Guardrisk Holdings Limited – key employees
9.6 Santam Limited – Company Overview
9.6.1 Santam Limited – key facts
9.6.2 Santam Limited – main products
9.6.3 Santam Limited – main competitors
9.6.4 Santam Limited – key employees
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Business confidence index
10.1.2 Market capitalization trend – Johannesburg stock exchange, South Africa
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP by key segments
10.2.6 Agriculture net output at current prices (South African rand)
10.2.7 Agriculture net output at current prices (US dollars)
10.2.8 Agriculture net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (South African rand)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (South African rand)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
10.2.15 Construction net output at current prices (South African rand)
10.2.16 Construction net output at current prices, (US dollars)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Fiscal balance as a percentage of GDP
10.2.20 Current account balance as a percentage of GDP
10.2.21 Exports as a percentage of GDP
10.2.22 Imports as a percentage of GDP
10.2.23 Exports growth
10.2.24 Imports growth
10.2.25 External debt as a percentage of GDP
10.2.26 Annual average exchange rate US$–ZAR
10.2.27 End-of-period exchange rate US$–ZAR
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Passenger vehicle production volume
10.3.3 Commercial vehicle production volume
10.3.4 Automotive component exports trend
10.3.5 Automotive component imports trend
10.3.6 Passenger car penetration
10.3.7 Healthcare expenditure
10.3.8 Healthcare expenditure as a percentage of GDP
10.3.9 Healthcare expenditure per capita
10.3.10 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Female percentage of population
10.5.6 Male percentage of population
10.5.7 Mean age of the population
10.5.8 Median age of the population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 Appendix
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
List of Tables
List of Figures
