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Life Insurance in South Africa
Summary
Life Insurance in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the South Africa life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
The South African life insurance market had total gross written premiums of $38.4bn in 2017, representing a compound annual growth rate (CAGR) of 6% between 2013 and 2017.
The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of $24.8bn, equivalent to 64.7% of the market's overall value.
South Africa’s penetration rate is high, estimated at 11.0% of GDP in 2017 by Swiss Re. The ratio is one of the highest globally, and its insurers are well-regulated, well-managed and innovative.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in South Africa
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa life insurance market with five year forecasts
Reasons to buy
- What was the size of the South Africa life insurance market by value in 2017?
- What will be the size of the South Africa life insurance market in 2022?
- What factors are affecting the strength of competition in the South Africa life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in South Africa's life insurance market?
Summary
Life Insurance in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the South Africa life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
The South African life insurance market had total gross written premiums of $38.4bn in 2017, representing a compound annual growth rate (CAGR) of 6% between 2013 and 2017.
The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of $24.8bn, equivalent to 64.7% of the market's overall value.
South Africa’s penetration rate is high, estimated at 11.0% of GDP in 2017 by Swiss Re. The ratio is one of the highest globally, and its insurers are well-regulated, well-managed and innovative.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in South Africa
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa life insurance market with five year forecasts
Reasons to buy
- What was the size of the South Africa life insurance market by value in 2017?
- What will be the size of the South Africa life insurance market in 2022?
- What factors are affecting the strength of competition in the South Africa life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in South Africa's life insurance market?
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
