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Industry Dynamics and Competitive Landscape in the South African Personal Accident and Health Insurance Industry to 2016: Market Profile

Published By :

Timetric

Published Date : Mar 2012

Category :

Health Insurance

No. of Pages : 90 Pages

Synopsis

The report provides top-level market analysis, information and insights into the South African personal accident and health insurance market, including:

  • A description of the personal accident and health insurance market in South Africa
  • The South African personal accident and health insurance markets growth prospects
  • The competitive landscape in the personal accident and health insurance market in South Africa
Summary

South Africa contains the largest and the most-mature personal accident and health insurance segment on the African continent. The segment is competitive, and personal accident and health insurance companies which operate in the country contend for market shares against both private and public companies.

The South African personal accident and health insurance companies can be broadly classified into for-profit and non-profit businesses. Insurance companies that offer regular medical insurance and accident claim benefits function as for-profit businesses, in which the insurers provide cover to individual and corporate customers based on their written premiums. 

The leading insurance companies in the country, such as Santam, Mutual & Federal, Hollard Insurance, Guardrisk and Discovery Health, are considered to be for-profit companies. There is intense competition within the for-profit insurance business, since for-profit companies have to compete with other companies which offer similar products at low prices.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance market in South Africa:

  • It provides historical values for South Africas personal accident and health insurance 
  • market for the reports 2007-2011 review period and forecast figures for the 2011-2016 forecast period 
  • It offers a detailed analysis of South Africas personal accident and health insurance market, along with market forecasts until 2016
  • Using Porters industry-standard Five Forces analysis, it details the competitive landscape in South Africa for the personal accident and health insurance business
  • It profiles the top personal accident and health insurance companies in South Africa, and outlines the key regulations affecting them
Reasons To Buy

  • Make strategic business decisions using top-level historic and forecast market data related to the South African personal accident and health insurance market
  • Understand the key market trends and growth opportunities within the South African insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market in South Africa
  • Gain insights into key regulations governing the South African personal accident and health insurance market
Key Highlights
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Table of content

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology

2 South African Insurance Industry Attractiveness
2.1 Insurance Industry Market Size, 2007-2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments

3 Regulatory Policies

4 Porter's Five Forces Analysis - South Africa Personal Accident and Health Insurance Market
4.1 Bargaining Power of Supplier: medium to high
4.2 Bargaining Power of Buyer: medium
4.3 Barriers to Entry: medium
4.4 Intensity of Rivalry: high
4.5 Threat of Substitutes: low

5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the South African Personal Accident and Health Insurance Segment
5.3 Discovery Life - Company Overview
5.3.1 Discovery Life - key facts
5.3.2 Discovery Life - main products
5.3.3 Discovery Life - main competitors
5.3.4 Discovery Life - key employees
5.4 Liberty Group Limited - Company Overview
5.4.1 Liberty Group Limited - key facts
5.4.2 Liberty Group Limited - main products
5.4.3 Liberty Group Limited - main competitors
5.4.4 Liberty Group Limited - key employees
5.5 Guardrisk Holdings Limited - Company Overview
5.5.1 Guardrisk Holdings Limited - key facts
5.5.2 Guardrisk Holdings Limited - main products
5.5.3 Guardrisk Holdings Limited - main competitors
5.5.4 Guardrisk Holdings Limited - key employees
5.6 Santam Limited - Company Overview
5.6.1 Santam Limited - key facts
5.6.2 Santam Limited - main products
5.6.3 Santam Limited - main competitors
5.6.4 Santam Limited - key employees

6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Business confidence index
6.1.2 Market capitalization trend - Johannesburg stock exchange, South Africa
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollars)
6.2.2 GDP per capita at constant prices (US dollars)
6.2.3 GDP at current prices (US dollars)
6.2.4 GDP per capita at current prices (US dollars)
6.2.5 GDP by key segments
6.2.6 Agriculture net output at current prices (South African rand)
6.2.7 Agriculture net output at current prices (US dollars)
6.2.8 Agriculture net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (South African rand)
6.2.10 Manufacturing net output at current prices (US dollars)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (South African rand)
6.2.13 Mining, manufacturing and utilities at current prices (US dollars)
6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.15 Construction net output at current prices (South African rand)
6.2.16 Construction net output at current prices, (US dollars)
6.2.17 Construction net output at current prices as a percentage of GDP
6.2.18 Inflation rate
6.2.19 Fiscal balance as a percentage of GDP
6.2.20 Current account balance as a percentage of GDP
6.2.21 Exports as a percentage of GDP
6.2.22 Imports as a percentage of GDP
6.2.23 Exports growth
6.2.24 Imports growth
6.2.25 External debt as a percentage of GDP
6.2.26 Annual average exchange rate US$-ZAR
6.2.27 End-of-period exchange rate US$-ZAR
6.3 Infrastructure Quality and Availability
6.3.1 Total airports and sea ports
6.3.2 Passenger vehicle production volume
6.3.3 Commercial vehicle production volume
6.3.4 Automotive component exports trend
6.3.5 Automotive component imports trend
6.3.6 Passenger car penetration
6.3.7 Healthcare expenditure
6.3.8 Healthcare expenditure as a percentage of GDP
6.3.9 Healthcare expenditure per capita
6.3.10 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Female percentage of population
6.5.6 Male percentage of population
6.5.7 Mean age of the population
6.5.8 Median age of the population
6.5.9 Population density
6.5.10 Age distribution of the total population
6.5.11 Age distribution of the male population
6.5.12 Age distribution of the female population
6.5.13 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism index
6.6.3 Transparency index

7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer

List of Table


Table 1: Insurance Industry Definitions
Table 2: South African Insurance Overall Written Premium by Segment (ZAR Billion), 2007-2011
Table 3: South African Insurance Overall Written Premium by Segment (US$ Billion), 2007-2011
Table 4: South African Insurance Overall Written Premium by Segment (ZAR Billion), 2011-2016
Table 5: South African Insurance Overall Written Premium by Segment (US$ Billion), 2011-2016
Table 6: South Africa Insurance Segmentation (% Share), 2007-2016
Table 7: Personal Accident and Health Insurance Market Share (%), 2010
Table 8: Discovery Life, Key Facts
Table 9: Discovery Life, Main Products
Table 10: Discovery Life, Key Employees
Table 11: Liberty Group Limited, Key Facts
Table 12: Liberty Group Limited, Main Products
Table 13: Liberty Group Limited, Key Employees
Table 14: Guardrisk Holdings Limited - Key Facts
Table 15: Guardrisk Holdings Limited - Main Products
Table 16: Guardrisk Holdings Limited - Key Employees
Table 17: Santam Limited - Key Facts
Table 18: Santam Limited - Main Products
Table 19: Santam Limited - Key Employees

List of Chart


Figure 1: South African Insurance Overall Written Premium by Segment (ZAR Billion), 2007-2016
Figure 2: South Africa Insurance Market Dynamics by Segment, 2007-2016
Figure 3: South Africa Personal Accident and Health Insurance Market: Five Forces Analysis
Figure 4: Personal Accident and Health Insurance Market Share (%), 2010
Figure 5: South African Business Confidence Indicator, Q1 2008-Q4 2011
Figure 6: Johannesburg Stock Exchange Market Capitalization (US$ Billion), 2007-2011
Figure 7: South African GDP at Constant Prices (US$ Billion), 2007-2016
Figure 8: South African GDP Per Capita at Constant Prices (US$), 2007-2016
Figure 9: South African GDP at Current Prices (US$ Billion), 2007-2016
Figure 10: South African GDP Per Capita at Current Prices (US$), 2007-2016
Figure 11: South African GDP by Key Segments (%) 2007 and 2011
Figure 12: South African Agriculture Net Output at Current Prices (ZAR Billion), 2007-2016
Figure 13: South African Agriculture Net Output at Current Prices (US$ Billion), 2007-2016
Figure 14: South African Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007-2016
Figure 15: South African Manufacturing Net Output at Current Prices (ZAR Billion), 2007-2016
Figure 16: South African Manufacturing Net Output at Current Prices (US$ Billion), 2007-2016
Figure 17: South African Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007-2016
Figure 18: South African Mining, Manufacturing and Utilities Net Output at Current Prices (ZAR Billion), 2007-2016
Figure 19: South African Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007-2016
Figure 20: South African Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007-2016
Figure 21: South African Construction Net Output at Current Prices (ZAR Billion), 2007-2016
Figure 22: South African Construction Net Output at Current Prices (US$ Billion), 2007-2016
Figure 23: South African Construction Output at Current Prices as a Percentage of GDP (%), 2007-2016
Figure 24: South African Inflation Rate (%), 2007-2016
Figure 25: South African Fiscal Balance as a Percentage of GDP (%), 2007-2011
Figure 26: South African Current Account Balance as a Percentage of GDP (%), 2007-2011
Figure 27: South African Exports as a Percentage of GDP (%), 2007-2016
Figure 28: South African Imports as a Percentage of GDP (%), 2007-2016
Figure 29: South African Exports Growth (%), 2007-2016
Figure 30: South African Imports Growth (%), 2007-2016
Figure 31: South African External Debt as a Percentage of GDP (%), 2007-2011
Figure 32: South African Annual Average Exchange Rate US$-ZAR, 2007-2011
Figure 33: South African End-of-Period Exchange Rate US$-ZAR, 2007-2011
Figure 34: Total Number of South African Airports and Sea Ports, 2011
Figure 35: South African Passenger Vehicle Production ('000), 2007-2016
Figure 36: South African Commercial Vehicle Production ('000), 2007-2016
Figure 37: South African Automotive Component Exports (US$ Billion), 2007-2016
Figure 38: South African Automotive Component Imports (US$ Billion), 2007-2016
Figure 39: South African Passenger Car Penetration (per 1,000 people), 2007-2016
Figure 40: South African Healthcare Expenditure (US$ Billion), 2007-2016
Figure 41: South African Healthcare Expenditure as a Percentage of GDP (%), 2007-2016
Figure 42: South African Per Capita Healthcare Expenditure (US$), 2007-2016
Figure 43: South African Internet Subscriptions (Millions), 2007-2016
Figure 44: South African Size of Labor Force in 15-59 Age Group (Million), 2007-2016
Figure 45: South African Unemployment Rate (%), 2007-2016
Figure 46: South African Annual Disposable Income (US$ Billion), 2007-2016
Figure 47: South African Annual Per Capita Disposable Income (US$), 2007-2016
Figure 48: South African Total Population (Million), 2007-2016
Figure 49: South African Urban and Rural Population (%), 2007-2016
Figure 50: South African Female as Percentage of Population (%), 2007-2016
Figure 51: South African Male as Percentage of Population (%), 2007-2016
Figure 52: South African Mean Age of Population (Years), 2007-2016
Figure 53: South African Median Age of Population (Years), 2007-2016
Figure 54: South African Population Density (per Square Kilometer), 2007-2016
Figure 55: South African Population Distribution by Age (%), 2007-2016
Figure 56: South African Male Population Distribution by Age (%), 2007-2016
Figure 57: South African Female Population Distribution by Age (%), 2007-2016
Figure 58: South African Households, Number of (Million), 2007-2016
Figure 59: Global Terrorism Heat Map, 2011
Figure 60: South African Transparency Index, 2007-2011

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