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Life Insurance in South Africa, Key Trends and Opportunities to 2016: Micro Insurance Programs and Rural Insurance Penetration Key to Market Expansion
Timetric, February 2012, Pages: 218
The report provides top-level market analysis, information and insights into the South African life insurance market, including:
- The South African life insurance market’s growth prospects by life insurance categories and customer segments
- The various distribution channels in the South African life insurance market
- The competitive landscape in the South African life insurance market
- A description of the life reinsurance market in South Africa
Summary
South Africa is the largest insurance market in Africa, dominating the region with nearly 80% of the total direct premium in both the life and non-life segments. According to the Swiss Re-Sigma ‘World Insurance in 2010’ study, South Africa is among the world’s top 20 emerging insurance markets, which indicates promising growth in the next decade. The significant growth in the South African life insurance industry over the review period can be attributed to key growth drivers such as a decade-long growth in GDP, rising awareness of insurance among poorer communities, rising disposable incomes in the middle classes, the rapid expansion of financial services in rural areas, increased insurance purchases due to high crime rates, and liberalized regulations
Scope
This report provides a comprehensive analysis of the life insurance market in South Africa:
- It provides historical values for South Africa’s life 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 life 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 life insurance products in South Africa
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in South Africa for the life insurance business
- It provides a detailed analysis of the reinsurance market in South Africa and its growth prospects
- 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 top-level historic and forecast market data related to the South African life insurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the South African life insurance market
- Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the South African insurance market and its impact on companies and the market's future
Key Highlights
- South Africa is the largest insurance market in Africa, dominating the region with nearly 80% of the total direct premium in both the life and non-life segments
- Largely unaffected by the global economic crisis, the life insurance segment had showed healthy growth during the review period (2007-2011)
- The rapid expansion of distribution channels across rural South Africa has driven sales growth for the insurance industry
- A new regulatory regime for South African insurance companies named ‘Solvency Assessment and Management’ (SAM), is expected to be implemented by 2014
- The South African life insurance market is dominated by four large competitors and a multitude of smaller niche competitors
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 Life Insurance Market Outlook
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 Individual general annuity category
4.1.3 Individual pension category
4.1.4 Individual unit-linked sub-category
4.1.5 Individual others category
4.1.6 Group life category
4.1.7 Group superannuation insurance category
4.2 Life Insurance Growth Prospects by Customer Segments
4.2.1 Individual segment
4.2.2 Individual single premium category
4.2.3 Individual non-single premium category
4.2.4 Group segment
4.2.5 Group single premium category
4.2.6 Group non-single premium category
5 Analysis by Distribution Channel
5.1 Direct marketing channel
5.2 Bancassurance Channel Market Size, 2007–2016
5.3 Agencies Channel Market Size, 2007–2016
5.4 Other Channel Market Size, 2007–2016
6 Regulatory Policies
7 Porter’s Five Forces Analysis – South African Life Insurance Market
7.1 Bargaining Power of Supplier: medium
7.2 Bargaining Power of Buyer: low to medium
7.3 Barriers to Entry: medium
7.4 Intensity of Rivalry: medium to 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 Life Insurance Market
9.3 Coronation Life Assurance Company Ltd – Company Overview
9.3.1 Coronation Life Assurance Company Ltd – key facts
9.3.2 Coronation Life Assurance Company Ltd – main products
9.3.3 Coronation Life Assurance Company Ltd – main competitors
9.3.4 Coronation Life Assurance Company Ltd – key employees
9.4 Old Mutual Life Assurance Company (South Africa) Limited – Company Overview
9.4.1 Old Mutual Life Assurance Company (South Africa) Limited – key facts
9.4.2 Old Mutual Life Assurance Company (South Africa) Limited – main products
9.4.3 Old Mutual Life Assurance Company (South Africa) Limited – main competitors
9.4.4 Old Mutual Life Assurance Company (South Africa) Limited– key employees
9.5 Investment Solutions Ltd – Company Overview
9.5.1 Investment Solutions Ltd – key facts
9.5.2 Investment Solutions Ltd – main products
9.5.3 Investment Solutions Ltd – main competitors
9.5.4 Investment Solutions Ltd – key employees
9.6 Momentum Group Limited – Company Overview
9.6.1 Momentum Group Limited – key facts
9.6.2 Momentum Group Limited – main products
9.6.3 Momentum Group Limited – main competitors
9.6.4 Momentum Group Limited – key employees
9.7 Liberty Group Limited – Company Overview
9.7.1 Liberty Group Limited – key facts
9.7.2 Liberty Group Limited – main products
9.7.3 Liberty Group Limited – main competitors
9.7.4 Liberty Group Limited– key employees
9.8 Allan Gray Proprietary Limited – Company Overview
9.8.1 Allan Gray Proprietary Limited – key facts
9.8.2 Allan Gray Proprietary Limited – main products
9.8.3 Allan Gray Proprietary Limited – main competitors
9.8.4 Allan Gray Proprietary Limited – key employees
9.9 Discovery Life – Company Overview
9.9.1 Discovery Life – key facts
9.9.2 Discovery Life – main products
9.9.3 Discovery Life – main competitors
9.9.4 Discovery Life – 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
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: Life Insurance Written Premium by Category (ZAR Billion), 2007–2011
Table 8: Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Life Insurance Written Premium by Category (ZAR Billion), 2011–2016
Table 10: Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Life Insurance – Incurred Loss (ZAR Billion), 2007–2011
Table 12: Life Insurance – Incurred Loss (ZAR Billion), 2011–2016
Table 13: Life Insurance – Loss Ratio (%), 2007–2011
Table 14: Life Insurance – Loss Ratio (%), 2011–2016
Table 15: Life Insurance – Commissions and Expenses (ZAR Billion), 2007–2011
Table 16: Life Insurance – Commissions and Expenses (ZAR Billion), 2011–2016
Table 17: Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Life Insurance – Frauds and Crimes (ZAR Billion), 2007–2011
Table 20: Life Insurance – Frauds and Crimes (ZAR Billion), 2011–2016
Table 21: Life Insurance – Total Assets (ZAR Billion), 2007–2011
Table 22: Life Insurance – Total Assets (ZAR Billion), 2011–2016
Table 23: Life Insurance – Total Investment Income (ZAR Billion), 2007–2011
Table 24: Life Insurance – Total Investment Income (ZAR Billion), 2011–2016
Table 25: Life Insurance – Retentions (ZAR Billion), 2007–2011
Table 26: Life Insurance – Retentions (ZAR Billion), 2011–2016
Table 27: Individual Life Insurance Category by Volume (’000), 2007–2011
Table 28: Individual Life Insurance Category by Volume (’000), 2011–2016
Table 29: Individual Life Insurance Category by Written Premium (ZAR Billion), 2007–2011
Table 30: Individual Life Insurance Category by Written Premium (ZAR Billion), 2011–2016
Table 31: Individual General Annuity Insurance Category by Volume (’000), 2007–2011
Table 32: Individual General Annuity Insurance Category by Volume (’000), 2011–2016
Table 33: Individual General Annuity Insurance Category by Written Premium (ZAR Billion), 2007–2011
Table 34: Individual General Annuity Insurance Category by Written Premium (ZAR Billion), 2011–2016
Table 35: Individual Pension Insurance Category by Volume (’000), 2007–2011
Table 36: Individual Pension Insurance Category by Volume (’000), 2011–2016
Table 37: Individual Pension Insurance Category by Written Premium (ZAR Billion), 2007–2011
Table 38: Individual Pension Insurance Category by Written Premium (ZAR Billion), 2011–2016
Table 39: Individual Unit-Linked Insurance Sub-Category by Volume (’000), 2007–2011
Table 40: Individual Unit-Linked Insurance Sub-Category by Volume (’000), 2011–2016
Table 41: Individual Unit-Linked Insurance Sub-Category by Written Premium (ZAR Billion), 2007–2011
Table 42: Individual Unit-Linked Insurance Sub-Category by Written Premium (ZAR Billion), 2011–2016
Table 43: Individual Others Category by Volume (’000), 2007–2011
Table 44: Individual Others Category by Volume (’000), 2011–2016
Table 45: Individual Others Category by Written Premium (ZAR Billion), 2007–2011
Table 46: Individual Others Category by Written Premium (ZAR Billion), 2011–2016
Table 47: Group Life Insurance Category by Volume (’000), 2007–2011
Table 48: Group Life Insurance Category by Volume (’000), 2011–2016
Table 49: Group Life Insurance Category by Written Premium (ZAR Billion), 2007–2011
Table 50: Group Life Insurance Category by Written Premium (ZAR Billion), 2011–2016
Table 51: Group Superannuation Category by Volume (’000), 2007–2011
Table 52: Group Superannuation Category by Volume (’000), 2011–2016
Table 53: Group Superannuation Category by Written Premium (ZAR Billion), 2007–2011
Table 54: Group Superannuation Category by Written Premium (ZAR Billion), 2011–2016
Table 55: Individual Single Premium Category by Volume (’000), 2007–2011
Table 56: Individual Single Premium Category by Volume (’000), 2011–2016
Table 57: Individual Single Premium Category by Written Premium (ZAR Billion), 2007–2011
Table 58: Individual Single Premium Category by Written Premium (ZAR Billion), 2011–2016
Table 59: Individual Non-Single Premium Category by Volume (’000), 2007–2011
Table 60: Individual Non-Single Premium Category by Volume (’000), 2011–2016
Table 61: Individual Non-Single Premium Category by Written Premium (ZAR Billion), 2007–2011
Table 62: Individual Non-Single Premium Category by Written Premium (ZAR Billion), 2011–2016
Table 63: Group Single Premium Category by Volume (’000), 2007–2011
Table 64: Group Single Premium Category by Volume (’000), 2011–2016
Table 65: Group Single Premium Category by Written Premium (ZAR Billion), 2007–2011
Table 66: Group Single Premium Category by Written Premium (ZAR Billion), 2011–2016
Table 67: Group Non-Single Premium Category by Volume (’000), 2007–2011
Table 68: Group Non-Single Premium Category by Volume (’000), 2011–2016
Table 69: Group Non-Single Premium Category by Written Premium (ZAR Billion), 2007–2011
Table 70: Group Non-Single Premium Category by Written Premium (ZAR Billion), 2011–2016
Table 71: Life Insurance – Direct Marketing Commission Paid (ZAR Billion), 2007–2011
Table 72: Life Insurance – Direct Marketing Commission Paid (ZAR Billion), 2011–2016
Table 73: Life Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2007–2011
Table 74: Life Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2011–2016
Table 75: Life Insurance – Policies Sold Through Direct Marketing (‘000), 2007–2011
Table 76: Life Insurance – Policies Sold Through Direct Marketing (‘000), 2011–2016
Table 77: Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 78: Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 79: Life Insurance – Bancassurance Commission Paid (ZAR Billion), 2007–2011
Table 80: Life Insurance – Bancassurance Commission Paid (ZAR Billion), 2011–2016
Table 81: Life Insurance – Written Premium Through Bancassurance (ZAR Billion), 2007–2011
Table 82: Life Insurance – Written Premium Through Bancassurance (ZAR Billion), 2011–2016
Table 83: Life Insurance – Policies Sold Through Bancassurance (‘000), 2007–2011
Table 84: Life Insurance – Policies Sold Through Bancassurance (‘000), 2011–2016
Table 85: Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 86: Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 87: Life Insurance – Commission Paid to Agencies (ZAR Billion), 2007–2011
Table 88: Life Insurance – Commission Paid to Agencies (ZAR Billion), 2011–2016
Table 89: Life Insurance – Written Premium Through Agencies (ZAR Billion), 2007–2011
Table 90: Life Insurance – Written Premium Through Agencies (ZAR Billion), 2011–2016
Table 91: Life Insurance – Policies Sold Through Agencies (‘000), 2007–2011
Table 92: Life Insurance – Policies Sold Through Agencies (‘000), 2011–2016
Table 93: Life Insurance – Number of Agencies, 2007–2011
Table 94: Life Insurance – Number of Agencies, 2011–2016
Table 95: Life Insurance – Commission Paid to Other Channels (ZAR Billion), 2007–2011
Table 96: Life Insurance – Commission Paid to Other Channels (ZAR Billion), 2011–2016
Table 97: Life Insurance – Written Premium Through Other Channels (ZAR Billion), 2007–2011
Table 98: Life Insurance – Written Premium Through Other Channels (ZAR Billion), 2011–2016
Table 99: Life Insurance – Policies Sold Through Other Channels (‘000), 2007–2011
Table 100: Life Insurance – Policies Sold Through Other Channels (‘000), 2011–2016
Table 101: Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 102: Life Insurance – Number of Distributors in Other Channels, 2011–2016
Table 103: Reinsurance Market in South Africa by Category (ZAR Billion), 2007–2011
Table 104: Reinsurance Market in South Africa by Category (US$ Billion), 2007–2011
Table 105: Reinsurance Market in South Africa by Category (ZAR Billion), 2011–2016
Table 106: Reinsurance Market in South Africa by Category (US$ Billion), 2011–2016
Table 107: Reinsurance Ceded by Insurance Segment (ZAR Billion), 2007–2011
Table 108: Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2011
Table 109: Reinsurance Ceded by Insurance Segment (ZAR Billion), 2011–2016
Table 110: Reinsurance Ceded by Insurance Segment (US$ Billion), 2011–2016
Table 111: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 112: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 113: Life Insurance Market Share (%), 2010
Table 114: Coronation Life Assurance Company Ltd, Key Facts
Table 115: Coronation Life Assurance Company Ltd, Main Products
Table 116: Coronation Life Assurance Company Ltd, Key Employees
Table 117: Old Mutual Life Assurance Company (South Africa) Limited, Key Facts
Table 118: Old Mutual Life Assurance Company (South Africa) Limited, Main Products
Table 119: Old Mutual Life Assurance Company (South Africa) Limited, Key Employees
Table 120: Investment Solutions Limited., Key Facts
Table 121: Investment Solutions Ltd, Main Products
Table 122: Investment Solutions Ltd, Key Employees
Table 123: Momentum Group Limited, Key Facts
Table 124: Momentum Group Limited, Main Products
Table 125: Momentum Group Limited, Key Employees
Table 126: Liberty Group Limited, Key Facts
Table 127: Liberty Group Limited, Main Products
Table 128: Liberty Group Limited, Key Employees
Table 129: Allan Gray Proprietary Limited, Key Facts
Table 130: Allan Gray Proprietary Limited, Main Products
Table 131: Allan Gray Proprietary Limited, Key Employees
Table 132: Discovery Life, Key Facts
Table 133: Discovery Life, Main Products
Table 134: Discovery Life, Key Employees
List of Figures
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: Life Insurance Written Premium by Category (ZAR Billion), 2007–2016
Figure 4: Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Life Insurance – Incurred Loss (ZAR Billion), 2007–2011
Figure 7: Life Insurance – Incurred Loss (ZAR Billion), 2011–2016
Figure 8: Life Insurance – Loss Ratio (%), 2007–2011
Figure 9: Life Insurance – Loss Ratio (%), 2011–2016
Figure 10: Life Insurance – Commissions and Expenses (ZAR Billion), 2007–2011
Figure 11: Life Insurance – Commissions and Expenses (ZAR Billion), 2011–2016
Figure 12: Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Life Insurance – Frauds and Crimes (ZAR Billion), 2007–2011
Figure 15: Life Insurance – Frauds and Crimes (ZAR Billion), 2011–2016
Figure 16: Life Insurance – Total Assets (ZAR Billion), 2007–2011
Figure 17: Life Insurance – Total Assets (ZAR Billion), 2011–2016
Figure 18: Life Insurance – Total Investment Income (ZAR Billion), 2007–2011
Figure 19: Life Insurance – Total Investment Income (ZAR Billion), 2011–2016
Figure 20: Life Insurance – Retentions (ZAR Billion), 2007–2011
Figure 21: Life Insurance – Retentions (ZAR Billion), 2011–2016
Figure 22: Life Insurance – Investment Type (ZAR Billion), 2007–2011
Figure 23: Life Insurance – Investment Type, 2007 and 2011
Figure 24: Life Insurance – Density and Penetration (%), 2007–2011
Figure 25: Life Insurance – Number of Policies Sold (’000), 2007–2011
Figure 26: Life Insurance – Number of Policies Sold (’000), 2011–2016
Figure 27: Life Insurance – Premium Per Capita (ZAR), 2007–2011
Figure 28: Individual Life Insurance Category by Volume (’000), 2007–2011
Figure 29: Individual Life Insurance Category by Volume (’000), 2011–2016
Figure 30: Individual Life Insurance Category by Written Premium (ZAR Billion), 2007–2011
Figure 31: Individual Life Insurance Category by Written Premium (ZAR Billion), 2011–2016
Figure 32: Individual General Annuity Insurance Category by Volume (’000), 2007–2011
Figure 33: Individual General Annuity Insurance Category by Volume (’000), 2011–2016
Figure 34: Individual General Annuity Insurance Category by Written Premium (ZAR Billion), 2007–2011
Figure 35: Individual General Annuity Insurance Category by Written Premium (ZAR Billion), 2011–2016
Figure 36: Individual Pension Insurance Category by Volume (’000), 2007–2011
Figure 37: Individual Pension Insurance Category by Volume (’000), 2011–2016
Figure 38: Individual Pension Insurance Category by Written Premium (ZAR Billion), 2007–2011
Figure 39: Individual Pension Insurance Category by Written Premium (ZAR Billion), 2011–2016
Figure 40: Individual Unit-Linked Insurance Sub-Category by Volume (’000), 2007–2011
Figure 41: Individual Unit-Linked Insurance Sub-Category by Volume (’000), 2011–2016
Figure 42: Individual Unit-Linked Insurance Sub-Category by Written Premium (ZAR Billion), 2007–2011
Figure 43: Individual Unit-Linked Insurance Sub-Category by Written Premium (ZAR Billion), 2011–2016
Figure 44: Individual Others Category by Volume (’000), 2007–2011
Figure 45: Individual Others Category by Volume (’000), 2011–2016
Figure 46: Individual Others Category by Written Premium (ZAR Billion), 2007–2011
Figure 47: Individual Others Category by Written Premium (ZAR Billion), 2011–2016
Figure 48: Group Life Insurance Category by Volume (’000), 2007–2011
Figure 49: Group Life Insurance Category by Volume (’000), 2011–2016
Figure 50: Group Life Insurance Category by Written Premium (ZAR Billion), 2007–2011
Figure 51: Group Life Insurance Category by Written Premium (ZAR Billion), 2011–2016
Figure 52: Group Superannuation Category by Volume (’000), 2007–2011
Figure 53: Group Superannuation Category by Volume (’000), 2011–2016
Figure 54: Group Superannuation Category by Written Premium (ZAR Billion), 2007–2011
Figure 55: Group Superannuation Category by Written Premium (ZAR Billion), 2011–2016
Figure 56: Individual Single Premium Category by Volume (’000), 2007–2011
Figure 57: Individual Single Premium Category by Volume (’000), 2011–2016
Figure 58: Individual Single Premium Category by Written Premium (ZAR Billion), 2007–2011
Figure 59: Individual Single Premium Category by Written Premium (ZAR Billion), 2011–2016
Figure 60: Individual Non-Single Premium Category by Volume (’000), 2007–2011
Figure 61: Individual Non-Single Premium Category by Volume (’000), 2011–2016
Figure 62: Individual Non-Single Premium Category by Written Premium (ZAR Billion), 2007–2011
Figure 63: Individual Non-Single Premium Category by Written Premium (ZAR Billion), 2011–2016
Figure 64: Group Single Premium Category by Volume (’000), 2007–2011
Figure 65: Group Single Premium Category by Volume (’000), 2011–2016
Figure 66: Group Single Premium Category by Written Premium (ZAR Billion), 2007–2011
Figure 67: Group Single Premium Category by Written Premium (ZAR Billion), 2011–2016
Figure 68: Group Non-Single Premium Category by Volume (’000), 2007–2011
Figure 69: Group Non-Single Premium Category by Volume (’000), 2011–2016
Figure 70: Group Non-Single Premium Category by Written Premium (ZAR Billion), 2007–2011
Figure 71: Group Non-Single Premium Category by Written Premium (ZAR Billion), 2011–2016
Figure 72: Life Insurance New Business Written Premium by Distribution Channels (% Share), 2011 and 2016
Figure 73: Life Insurance – Direct Marketing Commission Paid (ZAR Billion), 2007–2011
Figure 74: Life Insurance – Direct Marketing Commission Paid (ZAR Billion), 2011–2016
Figure 75: Life Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2007–2011
Figure 76: Life Insurance – Written Premium Through Direct Marketing (ZAR Billion), 2011–2016
Figure 77: Life Insurance – Policies Sold Through Direct Marketing (‘000), 2007–2011
Figure 78: Life Insurance – Policies Sold Through Direct Marketing (‘000), 2011–2016
Figure 79: Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 80: Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 81: Life Insurance – Bancassurance Commission Paid (ZAR Billion), 2007–2011
Figure 82: Life Insurance – Bancassurance Commission Paid (ZAR Billion), 2011–2016
Figure 83: Life Insurance – Written Premium Through Bancassurance (ZAR Billion), 2007–2011
Figure 84: Life Insurance – Written Premium Through Bancassurance (ZAR Billion), 2011–2016
Figure 85: Life Insurance – Policies Sold Through Bancassurance (‘000), 2007–2011
Figure 86: Life Insurance – Policies Sold Through Bancassurance (‘000), 2011–2016
Figure 87: Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 88: Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 89: Life Insurance – Commission Paid to Agencies (ZAR Billion), 2007–2011
Figure 90: Life Insurance – Commission Paid to Agencies (ZAR Billion), 2011–2016
Figure 91: Life Insurance – Written Premium Through Agencies (ZAR Billion), 2007–2011
Figure 92: Life Insurance – Written Premium Through Agencies (ZAR Billion), 2011–2016
Figure 93: Life Insurance – Policies Sold Through Agencies (‘000), 2007–2011
Figure 94: Life Insurance – Policies Sold Through Agencies (‘000), 2011–2016
Figure 95: Life Insurance – Number of Agencies, 2007–2011
Figure 96: Life Insurance – Number of Agencies, 2011–2016
Figure 97: Life Insurance – Commission Paid to Other Channels (ZAR Billion), 2007–2011
Figure 98: Life Insurance – Commission Paid to Other Channels (ZAR Billion), 2011–2016
Figure 99: Life Insurance – Written Premium Through Other Channels (ZAR Billion), 2007–2011
Figure 100: Life Insurance – Written Premium Through Other Channels (ZAR Billion), 2011–2016
Figure 101: Life Insurance – Policies Sold Through Other Channels (‘000), 2007–2011
Figure 102: Life Insurance – Policies Sold Through Other Channels (‘000), 2011–2016
Figure 103: Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 104: Life Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 105: South African Life Insurance Market – Five Forces Analysis
Figure 106: Premium Ceded to Reinsurance by Category (ZAR Billion), 2007–2016
Figure 107: Reinsurance Premium by Category (%Share), 2011 and 2016
Figure 108: Reinsurance Market Dynamics by Category, 2007–2016
Figure 109: Reinsurance Ceded by Insurance Segment (ZAR Billion), 2007–2016
Figure 110: Reinsurance Market Dynamics by Insurance Segment, 2007–2016
Figure 111: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 112: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 113: Life Insurance Market Share (%), 2010
Figure 114: South African Business Confidence Indicator, Q1 2008–Q4 2011
Figure 115: Johannesburg Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 116: South African GDP at Constant Prices (US$ Billion), 2007–2016
Figure 117: South African GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 118: South African GDP at Current Prices (US$ Billion), 2007–2016
Figure 119: South African GDP Per Capita at Current Prices (US$), 2007–2016
Figure 120: South African GDP by Key Segments (%) 2007 and 2011
Figure 121: South African Agriculture Net Output at Current Prices (ZAR Billion), 2007–2016
Figure 122: South African Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 123: South African Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 124: South African Manufacturing Net Output at Current Prices (ZAR Billion), 2007–2016
Figure 125: South African Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 126: South African Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 127: South African Mining, Manufacturing and Utilities Net Output at Current Prices (ZAR Billion), 2007–2016
Figure 128: South African Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 129: South African Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007–2016
Figure 130: South African Construction Net Output at Current Prices (ZAR Billion), 2007–2016
Figure 131: South African Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 132: South African Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 133: South African Inflation Rate (%), 2007–2016
Figure 134: South African Fiscal Balance as a Percentage of GDP (%), 2007–2011
Figure 135: South African Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 136: South African Exports as a Percentage of GDP (%), 2007–2016
Figure 137: South African Imports as a Percentage of GDP (%), 2007–2016
Figure 138: South African Exports Growth (%), 2007–2016
Figure 139: South African Imports Growth (%), 2007–2016
Figure 140: South African External Debt as a Percentage of GDP (%), 2007–2011
Figure 141: South African Annual Average Exchange Rate US$–ZAR, 2007–2011
Figure 142: South African End-of-Period Exchange Rate US$–ZAR, 2007–2011
Figure 143: Total Number of South African Airports and Sea Ports, 2011
Figure 144: South African Passenger Vehicle Production (‘000), 2007–2016
Figure 145: South African Commercial Vehicle Production (‘000), 2007–2016
Figure 146: South African Automotive Component Exports (US$ Billion), 2007–2016
Figure 147: South African Automotive Component Imports (US$ Billion), 2007–2016
Figure 148: South African Passenger Car Penetration (per 1,000 people), 2007–2016
Figure 149: South African Healthcare Expenditure (US$ Billion), 2007–2016
Figure 150: South African Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 151: South African Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 152: South African Internet Subscriptions (Millions), 2007–2016
Figure 153: South African Size of Labor Force in 15–59 Age Group (Million), 2007–2016
Figure 154: South African Unemployment Rate (%), 2007–2016
Figure 155: South African Annual Disposable Income (US$ Billion), 2007–2016
Figure 156: South African Annual Per Capita Disposable Income (US$), 2007–2016
Figure 157: South African Total Population (Million), 2007–2016
Figure 158: South African Urban and Rural Population (%), 2007–2016
Figure 159: South African Female as Percentage of Population (%), 2007–2016
Figure 160: South African Male as Percentage of Population (%), 2007–2016
Figure 161: South African Mean Age of Population (Years), 2007–2016
Figure 162: South African Median Age of Population (Years), 2007–2016
Figure 163: South African Population Density (per Square Kilometer), 2007–2016
Figure 164: South African Population Distribution by Age (%), 2007–2016
Figure 165: South African Male Population Distribution by Age (%), 2007–2016
Figure 166: South African Female Population Distribution by Age (%), 2007–2016
Figure 167: South African Households, Number of (Million), 2007–2016
Figure 168: Global Terrorism Heat Map, 2011
Figure 169: South African Transparency Index, 2007–2011
- Old Mutual Life Assurance Company (South Africa) Limited
- Coronation Life Assurance Company Ltd
- Momentum Group Limited
- Liberty Group Limited
- Discovery Life
- Investec Assurance Ltd.
- Sanlam Life Insurance Limited
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