Insurance in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The South African insurance market had total gross written premiums of $40.6bn in 2020, representing a compound annual growth rate (CAGR) of 2.7% between 2016 and 2020.
- The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $33.3bn, equivalent to 81.8% of the market's overall value.
- The COVID-19 pandemic, which first took hold in South Africa in early 2020, has had a severe impact on the insurance market, with cuts to interest rates affecting insurance companies’ profits.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in South Africa
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa insurance market with five year forecasts by both value and volume
Reasons to Buy
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- How has the market performed over the last five years?
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Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Santam Ltd
- Hollard Insurance Group
- Guardrisk Insurance Company Ltd
- Old Mutual Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 43 |
| Published | November 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 40.64 Billion |
| Forecasted Market Value ( USD | $ 46.66 Billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | South Africa |
