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Non-Life Insurance in South Africa, Key Trends and Opportunities to 2018 - Product Image

Non-Life Insurance in South Africa, Key Trends and Opportunities to 2018

  • Published: July 2014
  • Region: Africa, South Africa
  • 303 pages
  • Timetric

FEATURED COMPANIES

  • Absa
  • Allianz Global
  • Auto & General
  • Centriq
  • Guardrisk
  • Hollard
  • MORE

The report provides in-depth market analysis, information and insights into the South African non-life insurance segment, including:
- The South African non-life insurance segment’s growth prospects by non-life insurance categories
- Key trends and drivers for the non-life insurance segment
- The various distribution channels in the South African non-life insurance segment
- The detailed competitive landscape in the non-life insurance segment in South Africa
- Detailed regulatory policies of the South African insurance industry
- A description of the non-life reinsurance segment in South Africa
- Porter's Five Forces analysis of the non-life insurance segment
- A benchmarking section on the South African non-life insurance segment in comparison with other countries in the BRICS region

Summary
South Africa has the largest insurance industry in Africa and holds 73.0% of the continent’s gross written premiums. The country accounts for 36.0% of the continents non-life insurance written premiums. Segmental growth can be attributed to stable GDP growth, the rising disposable incomes among the middle class population, the rapid expansion READ MORE >

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Non-Life Insurance – Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Non-life insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Bancassurance
4.4.3 Agencies
5 South African Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2009–2018
5.2 Key Industry Trends and Drivers
5.3 Challenges
5.4 Recent Market Developments
6 Non-Life Insurance Outlook
6.1 Consumer Segmentation
6.1.1 Individual buyers
6.1.2 Corporate segments
6.2 Product and Marketing Strategies
6.2.1 Product Strategies
6.2.2 Marketing Strategies
6.3 Non-Life Insurance Growth Prospects by Category
6.4 Property insurance
6.4.1 Fire and allied perils insurance
6.4.2 Engineering insurance
6.4.3 Agriculture insurance
6.4.4 Other property insurance
6.5 Motor Insurance
6.6 Liability Insurance
6.6.1 Other liability insurance
6.7 Marine, Aviation and Transit Insurance
6.7.1 Marine insurance
6.7.2 Aviation insurance
6.7.3 Transit insurance
7 Analysis by Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-Commerce
7.5 Brokers
7.6 Other Channels
8 Porter’s Five Forces Analysis – South African Non-Life Insurance Market
8.1 Bargaining Power of Suppliers: Low to Medium
8.2 Bargaining Power of Buyers: Low to Medium
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: Medium to High
8.5 Threat of Substitutes: Low
9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2009–2018
9.2 Reinsurance Segment Size by Type of Insurance, 2009–2018
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation and Market Practice by Type of Insurance
10.2.1 Life insurance
10.2.2 Property insurance
10.2.3 Motor insurance
10.2.4 Marine, aviation and transit insurance
10.2.5 Personal accident and health insurance
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Aviation third-party liability insurance
10.3.3 Unemployment insurance
10.3.4 Compensation for occupational diseases and injuries
10.3.5 Public liability insurance
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors
10.4.2 African Insurance Organization
10.4.3 Financial Services Board
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Withholding taxes on premium paid overseas
10.7.3 Corporate tax
10.7.4 VAT
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the South African Non-Life Insurance Segment
11.3 Comparison of the Five Leading Insurers
11.3.1 Gross written premium
11.3.2 Net earned premium
11.3.3 Incurred loss
11.3.4 Total assets
11.3.5 Investment income
11.4 Santam Ltd – Company Overview
11.4.1 Santam Ltd – key facts
11.4.2 Santam Ltd – key financials
11.5 Mutual and Federal Insurance Company Ltd – Company Overview
11.5.1 Mutual and Federal Insurance Company Ltd – key facts
11.5.2 Mutual and Federal Insurance Company Ltd – key financials
11.6 OUTsurance Company Ltd – Company Overview
11.6.1 OUTsurance Company Ltd – key facts
11.6.2 OUTsurance Company Ltd – key financials
11.7 Hollard Insurance Company Ltd – Company Overview
11.7.1 Hollard Insurance Company Ltd – key facts
11.7.2 Hollard Insurance Company Ltd– key financials
11.8 Guardrisk Insurance Company Ltd – Company Overview
11.8.1 Guardrisk Insurance Company Ltd – key facts
11.8.2 Guardrisk Insurance Company Ltd – key financials
11.9 Absa Insurance Company Ltd – Company Overview
11.9.1 Absa Insurance Company Ltd – key facts
11.9.2 Absa Insurance Company Ltd – key financials
11.1 Zurich Insurance Company South Africa Ltd – Company Overview
11.10.1 Zurich Insurance Company South Africa Ltd – key facts
11.10.2 Zurich Insurance Company South Africa Ltd – key financials
11.11 Auto & General Insurance Company Ltd – Company Overview
11.11.1 Auto & General Insurance Company Ltd – key facts
11.11.2 Auto & General Insurance Company Ltd – key financials
11.12 Allianz Global Corporate and Specialty Ltd – Company Overview
11.12.1 Allianz Global Corporate and Specialty Ltd – key facts
11.12.2 Allianz Global Corporate and Specialty Ltd – key financials
11.13 Centriq Insurance Company Ltd – Company Overview
11.13.1 Centriq Insurance Company Ltd – key facts
11.13.2 Centriq Insurance Company Ltd – key financials
12 Business Environment and Country Risk
12.1 Business Confidence
12.2 Economic Performance
12.3 Infrastructure
12.4 Labor Force
12.5 Demographics
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: South African Insurance – Gross Written Premium by Segment (ZAR Billion), 2009–2013
Table 3: South African Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 4: South African Insurance – Gross Written Premium by Segment (ZAR Billion), 2013–2018
Table 5: South African Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 6: South African Insurance – Segmentation (Percentage Share), 2009–2018
Table 7: South African Insurance – Direct Written Premium by Segment (ZAR Billion), 2009–2013
Table 8: South African Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 9: South African Insurance – Direct Written Premium by Segment (ZAR Billion), 2013–2018
Table 10: South African Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 11: South African Insurance – Segmentation, Direct Written Premium (Percentage Share), 2009–2018
Table 12: South African Non-Life Insurance – Gross Written Premium by Category (ZAR Billion), 2009–2013
Table 13: South African Non-Life Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 14: South African Non-Life Insurance – Gross Written Premium by Category (ZAR Billion), 2013–2018
Table 15: South African Non-Life Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 16: South African Non-Life Insurance – Direct Written Premium by Category (ZAR Billion), 2009–2013
Table 17: South African Non-Life Insurance – Direct Written Premium by Category (US$ Billion), 2009–2013
Table 18: South African Non-Life Insurance – Direct Written Premium by Category (ZAR Billion), 2013–2018
Table 19: South African Non-Life Insurance – Direct Written Premium by Category (US$ Billion), 2013–2018
Table 20: South African Non-Life Insurance – Earned Premium (ZAR Billion), 2009–2013
Table 21: South African Non-Life Insurance – Earned Premium (ZAR Billion), 2013–2018
Table 22: South African Non-Life Insurance – Paid Claims by Category (ZAR Billion), 2009–2013
Table 23: South African Non-Life Insurance – Paid Claims by Category (US$ Billion), 2009–2013
Table 24: South African Non-Life Insurance – Paid Claims by Category (ZAR Billion), 2013–2018
Table 25: South African Non-Life Insurance – Paid Claims by Category (US$ Billion), 2013–2018
Table 26: South African Non-Life Insurance – Incurred Loss by Category (ZAR Billion), 2009–2013
Table 27: South African Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2009–2013
Table 28: South African Non-Life Insurance – Incurred Loss by Category (ZAR Billion), 2013–2018
Table 29: South African Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2013–2018
Table 30: South African Non-Life Insurance – Retentions by Category (ZAR Billion), 2009–2013
Table 31: South African Non-Life Insurance – Retentions by Category (US$ Billion), 2009–2013
Table 32: South African Non-Life Insurance – Retentions by Category (ZAR Billion), 2013–2018
Table 33: South African Non-Life Insurance – Retentions by Category (US$ Billion), 2013–2018
Table 34: South African Non-Life Insurance – Loss Ratio (%), 2009–2013
Table 35: South African Non-Life Insurance – Loss Ratio (%), 2013–2018
Table 36: South African Non-Life Insurance – Commission and Expenses (ZAR Billion), 2009–2013
Table 37: South African Non-Life Insurance – Commission and Expenses (ZAR Billion), 2013–2018
Table 38: South African Non-Life Insurance – Combined Ratio (%), 2009–2013
Table 39: South African Non-Life Insurance – Combined Ratio (%), 2013–2018
Table 40: South African Non-Life Insurance – Frauds and Crimes (ZAR Billion), 2009–2013
Table 41: South African Non-Life Insurance – Frauds and Crimes (ZAR Billion), 2013–2018
Table 42: South African Non-Life Insurance – Total Assets (ZAR Billion), 2009–2013
Table 43: South African Non-Life Insurance – Total Assets (ZAR Billion), 2013–2018
Table 44: South African Non-Life Insurance – Total Investment Income (ZAR Billion), 2009–2013
Table 45: South African Non-Life Insurance – Total Investment Income (ZAR Billion), 2013–2018
Table 46: South African Non-Life Insurance – Retentions (ZAR Billion), 2009–2013
Table 47: South African Non-Life Insurance – Retentions (ZAR Billion), 2013–2018
Table 48: South African Property Insurance – Gross Written Premium by Sub-Category (ZAR Billion), 2009–2013
Table 49: South African Property Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2009–2013
Table 50: South African Property Insurance – Gross Written Premium by Sub-Category (ZAR Billion), 2013–2018
Table 51: South African Property Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2013–2018
Table 52: South African Property Insurance – Direct Written Premium by Sub-Category (ZAR Billion), 2009–2013
Table 53: South African Property Insurance – Direct Written Premium by Sub-Category (US$ Billion), 2009–2013
Table 54: South African Property Insurance – Direct Written Premium by Sub-Category (ZAR Billion), 2013–2018
Table 55: South African Property Insurance – Direct Written Premium by Sub-Category (US$ Billion), 2013–2018
Table 56: South African Property Insurance – Loss Ratio (%), 2009–2013
Table 57: South African Property Insurance – Loss Ratio (%), 2013–2018
Table 58: South African Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 59: South African Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 60: South African Fire and Allied Perils Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 61: South African Fire and Allied Perils Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 62: South African Engineering Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 63: South African Engineering Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 64: South African Engineering Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 65: South African Engineering Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 66: South African Agriculture Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 67: South African Agriculture Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 68: South African Agriculture Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 69: South African Agriculture Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 70: South African Other Property Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 71: South African Other Property Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 72: South African Other Property Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 73: South African Other Property Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 74: South African Motor Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 75: South African Motor Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 76: South African Motor Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 77: South African Motor Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 78: South African Motor Insurance – Loss Ratio (%), 2009–2013
Table 79: South African Motor Insurance – Loss Ratio (%), 2013–2018
Table 80: South African Liability Insurance – Gross Written Premium by Sub-Category (ZAR Billion), 2009–2013
Table 81: South African Liability Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2009–2013
Table 82: South African Liability Insurance – Gross Written Premium by Sub-Category (ZAR Billion), 2013–2018
Table 83: South African Liability Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2013–2018
Table 84: South African Liability Insurance – Direct Written Premium by Sub-Category (ZAR Billion), 2009–2013
Table 85: South African Liability Insurance – Direct Written Premium by Sub-Category (US$ Billion), 2009–2013
Table 86: South African Liability Insurance – Direct Written Premium by Sub-Category (ZAR Billion), 2013–2018
Table 87: South African Liability Insurance – Direct Written Premium by Sub-Category (US$ Billion), 2013–2018
Table 88: South African Liability Insurance – Loss Ratio (%), 2009–2013
Table 89: South African Liability Insurance – Loss Ratio (%), 2013–2018
Table 90: South African Other Liability Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 91: South African Other Liability Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 92: South African Other Liability Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 93: South African Other Liability Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 94: South African Marine, Aviation and Transit Insurance – Gross Written Premium by Sub-Category (ZAR Billion), 2009–2013
Table 95: South African Marine, Aviation and Transit Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2009–2013
Table 96: South African Marine, Aviation and Transit Insurance – Gross Written Premium by Sub-Category (ZAR Billion), 2013–2018
Table 97: South African Marine, Aviation and Transit Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2013–2018
Table 98: South African Marine, Aviation and Transit Insurance – Loss Ratio (%), 2009–2013
Table 99: South African Marine, Aviation and Transit Insurance – Loss Ratio (%), 2013–2018
Table 100: South African Marine Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 101: South African Marine Hull Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 102: South African Marine Hull Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 103: South African Marine Hull Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 104: South Africa Aviation Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 105: South Africa Aviation Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 106: South Africa Aviation Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 107: South Africa Aviation Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 108: South African Transit Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 109: South African Transit Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 110: South African Transit Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Table 111: South African Transit Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Table 112: South African Non-Life Insurance – Direct Marketing Commission Paid (ZAR Billion), 2009–2013
Table 113: South African Non-Life Insurance – Direct Marketing Commission Paid (ZAR Billion), 2013–2018
Table 114: South African Non-Life Insurance – Gross Written Premium New Business Through Direct Marketing (ZAR Billion), 2009–2013
Table 115: South African Non-Life Insurance – Gross Written Premium New Business Through Direct Marketing (ZAR Billion), 2013–2018
Table 116: South African Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 117: South African Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 118: South African Non-Life Insurance – Number of Direct Marketing Distributors, 2009–2013
Table 119: South African Non-Life Insurance – Number of Direct Marketing Distributors, 2013–2018
Table 120: South African Non-Life Insurance – Bancassurance Commission Paid (ZAR Billion), 2009–2013
Table 121: South African Non-Life Insurance – Bancassurance Commission Paid (ZAR Billion), 2013–2018
Table 122: South African Non-Life Insurance – Gross Written Premium New Business Through Bancassurance (ZAR Billion), 2009–2013
Table 123: South African Non-Life Insurance – Gross Written Premium New Business Through Bancassurance (ZAR Billion), 2013–2018
Table 124: South African Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Table 125: South African Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Table 126: South African Non-Life Insurance – Number of Bancassurance Distributors, 2009–2013
Table 127: South African Non-Life Insurance – Number of Bancassurance Distributors, 2013–2018
Table 128: South African Non-Life Insurance – Commission Paid to Agencies (ZAR Billion), 2009–2013
Table 129: South African Non-Life Insurance – Commission Paid to Agencies (ZAR Billion), 2013–2018
Table 130: South African Non-Life Insurance – Gross Written Premium New Business Through Agencies (ZAR Billion), 2009–2013
Table 131: South African Non-Life Insurance – Gross Written Premium New Business Through Agencies (ZAR Billion), 2013–2018
Table 132: South African Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Table 133: South African Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Table 134: South African Non-Life Insurance – Number of Agencies, 2009–2013
Table 135: South African Non-Life Insurance – Number of Agencies, 2013–2018
Table 136: South African Non-Life Insurance – E-Commerce Commission Paid (ZAR Billion), 2009–2013
Table 137: South African Non-Life Insurance – E-Commerce Commission Paid (ZAR Billion), 2013–2018
Table 138: South African Non-Life Insurance – Gross Written Premium New Business Through E-Commerce (ZAR Billion), 2009–2013
Table 139: South African Non-Life Insurance – Gross Written Premium New Business Through E-Commerce (ZAR Billion), 2013–2018
Table 140: South African Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Table 141: South African Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Table 142: South African Non-Life Insurance – Number of E-Commerce Distributors, 2009–2013
Table 143: South African Non-Life Insurance – Number of E-Commerce Distributors, 2013–2018
Table 144: South African Non-Life Insurance – Commission Paid to Brokers (ZAR Billion), 2009–2013
Table 145: South African Non-Life Insurance – Commission Paid to Brokers (ZAR Billion), 2013–2018
Table 146: South African Non-Life Insurance – Gross Written Premium New Business Through Brokers (ZAR Billion), 2009–2013
Table 147: South African Non-Life Insurance – Gross Written Premium New Business Through Brokers (ZAR Billion), 2013–2018
Table 148: South African Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Table 149: South African Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Table 150: South African Non-Life Insurance – Number of Brokers, 2009–2013
Table 151: South African Non-Life Insurance – Number of Brokers, 2013–2018
Table 152: South African Non-Life Insurance – Commission Paid to Other Channels (ZAR Million), 2009–2013
Table 153: South African Non-Life Insurance – Commission Paid to Other Channels (ZAR Million), 2013–2018
Table 154: South African Non-Life Insurance – Gross Written Premium New Business Through Other Channels (ZAR Billion), 2009–2013
Table 155: Non-Life Insurance – Gross Written Premium New Business Through Other Channels (ZAR Billion), 2013–2018
Table 156: South African Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Table 157: South African Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Table 158: South African Non-Life Insurance – Number of Distributors in Other Channels, 2009–2013
Table 159: South African Non-Life Insurance – Number of Distributors in Other Channels, 2013–2018
Table 160: South African Reinsurance by Category (ZAR Billion), 2009–2013
Table 161: South African Reinsurance by Category (US$ Billion), 2009–2013
Table 162: South African Reinsurance by Category (ZAR Billion), 2013–2018
Table 163: South African Reinsurance by Category (US$ Billion), 2013–2018
Table 164: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2009–2013
Table 165: South African Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2009–2013
Table 166: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2013–2018
Table 167: South African Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2013–2018
Table 168: South Africa – Life Insurance Regulatory Framework
Table 169: South Africa – Property Insurance Regulatory Framework
Table 170: South Africa – SASRIA Annual and Monthly Premium Rates
Table 171: South Africa – Motor Insurance Regulatory Framework
Table 172: South Africa – Corporate Tax Rates in South Africa for the Financial Year 2013–2014
Table 173: Shares of Key Insurers in the South African Non-Life Insurance Segment (%), 2012
Table 174: Santam Ltd – Key Facts
Table 175: Santam Ltd, Key Financials ( ZAR Million)
Table 176: Mutual and Federal Insurance Company Ltd – Key Facts
Table 177: Mutual and Federal Insurance Company Ltd, Key Financials ( ZAR Million)
Table 178: OUTsurance Company Ltd – Key Facts
Table 179: OUTsurance Company Ltd, Key Financials ( ZAR Million)
Table 180: Hollard Insurance Company Ltd – Key Facts
Table 181: Hollard Insurance Company Ltd, Key Financials ( ZAR Million)
Table 182: Guardrisk Insurance Company Ltd – Key Facts
Table 183: Guardrisk Insurance Company Ltd, Key Financials ( ZAR Million)
Table 184: Absa Insurance Company Ltd – Key Facts
Table 185: Absa Insurance Company Ltd, Key Financials ( ZAR Million)
Table 186: Zurich Insurance Company South Africa Ltd – Key Facts
Table 187: Zurich Insurance Company South Africa Ltd, Key Financials ( ZAR Million)
Table 188: Auto & General Insurance Company Ltd– Key Facts
Table 189: Auto & General Insurance Company Ltd, Key Financials ( ZAR Million)
Table 190: Allianz Global Corporate and Specialty Ltd – Key Facts
Table 191: Allianz Global Corporate and Specialty Ltd, Key Financials ( ZAR Million)
Table 192: Centriq Insurance Company Ltd – Key Facts
Table 193: Centriq Insurance Company Ltd, Key Financials ( ZAR Million)

List of Figures
Figure 1: BRICS Region – A Snapshot of the Economies and Populations, 2011
Figure 2: BRICS Region – Growth Trends in the Insurance Industry
Figure 3: BRICS Region – GDP at Constant Prices (US$ Trillion) and Annual Per Capita Disposable Income (US$), 2007 and 2011
Figure 4: BRICS Region – Health Expenditure Per Capita (US$), 2007 and 2011
Figure 5: BRICS Insurance – Total Industry Values by Segment (US$ Billion), 2011
Figure 6: BRICS Non-Life Insurance – Growth Trends, 2007–2016
Figure 7: BRICS Non-Life Insurance – Gross Written Premiums (US$ Billion), 2011
Figure 8: BRICS Non-Life Insurance – Premium Per Capita (US$), 2011
Figure 9: BRICS Non-Life Insurance – Penetration (% of GDP), 2011 and 2016
Figure 10: BRICS Non-Life Insurance – Gross Written Premium Growth (%), 2007–2016
Figure 11: BRICS Non-Life Insurance – Gross Written Premium per Capita Growth (%)
Figure 12: BRICS Non-Life Insurance – Loss Ratios (%), 2011 and 2016
Figure 13: BRICS Non-Life Insurance – Combined Ratios (%), 2011 and 2016
Figure 14: BRICS Non-Life Insurance – Incurred Losses per Capita (US$), 2011 and 2016
Figure 15: BRICS Non-Life Insurance – Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 16: BRICS Direct Marketing – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 17: BRICS Bancassurance – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 18: BRICS Agencies – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 19: South African Insurance – Gross Written Premium by Segment (ZAR Billion), 2009–2018
Figure 20: South African Insurance – Dynamics by Segment, 2009–2018
Figure 21: South African Insurance – Direct Written Premium by Segment (ZAR Billion), 2009–2018
Figure 22: South African Insurance – Dynamics by Segment, Direct Written Premium (2009–2018)
Figure 23: South African Non-Life Insurance – Gross Written Premium by Category (ZAR Billion), 2009–2018
Figure 24: South African Non-Life Insurance – Gross Written Premium by Category (% Share), 2013 and 2018
Figure 25: South African Non-Life Insurance – Dynamics by Category (%), 2009–2018
Figure 26: South African Non-Life Insurance – Direct Written Premium by Category (ZAR Billion), 2009–2018
Figure 27: South African Non-Life Insurance – Direct Written Premium by Category (% Share), 2013 and 2018
Figure 28: South African Non-Life Insurance – Direct Written Premium Dynamics by Category (%), 2009–2018
Figure 29: South African Non-Life Insurance – Earned Premium (ZAR Billion), 2009–2013
Figure 30: South African Non-Life Insurance – Earned Premium (ZAR Billion), 2013–2018
Figure 31: South African Non-Life Insurance – Paid Claims by Category (ZAR Billion), 2009–2018
Figure 32: South African Non-Life Insurance – Incurred Loss by Category (ZAR Billion), 2009–2018
Figure 33: South African Non-Life Insurance – Retentions by Category (ZAR Billion), 2009–2018
Figure 34: South African Non-Life Insurance – Loss Ratio (%), 2009–2013
Figure 35: South African Non-Life Insurance – Loss Ratio (%), 2013–2018
Figure 36: South African Non-Life Insurance – Commission and Expenses (ZAR Billion), 2009–2013
Figure 37: South African Non-Life Insurance – Commission and Expenses (ZAR Billion), 2013–2018
Figure 38: South African Non-Life Insurance – Combined Ratio (%), 2009–2013
Figure 39: South African Non-Life Insurance – Combined Ratio (%), 2013–2018
Figure 40: South African Non-Life Insurance – Frauds and Crimes (ZAR Billion), 2009–2013
Figure 41: South African Non-Life Insurance – Frauds and Crimes (ZAR Billion), 2013–2018
Figure 42: South African Non-Life Insurance – Total Assets (ZAR Billion), 2009–2013
Figure 43: South African Non-Life Insurance – Total Assets (ZAR Billion), 2013–2018
Figure 44: South African Non-Life Insurance – Total Investment Income (ZAR Billion), 2009–2013
Figure 45: South African Non-Life Insurance – Total Investment Income (ZAR Billion), 2013–2018
Figure 46: South African Non-Life Insurance – Retentions (ZAR Billion), 2009–2013
Figure 47: South African Non-Life Insurance – Retentions (ZAR Billion), 2013–2018
Figure 48: South African Non-Life Insurance – Investment Portfolio (ZAR Billion), 2009–2013
Figure 49: South African Non-Life Insurance – Investment Portfolio (% Share), 2002018and 2013
Figure 50: South African Non-Life Insurance – Penetration (% of GDP), 2009–2013
Figure 51: South African Non-Life Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 52: South African Non-Life Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 53: South African Non-Life Insurance – Premium Per Capita (ZAR), 2009–2013
Figure 54: South African Property Insurance – Gross Written Premium by Sub-Category (ZAR Billion), 2009–2018
Figure 55: South African Property Insurance – Dynamics by Sub-Category (%), 2009–2018
Figure 56: South African Property Insurance – Direct Written Premium by Sub-Category (ZAR Billion), 2009–2018
Figure 57: South African Property Insurance – Direct Written Premium Dynamics by Sub-Category (%), 2009–2018
Figure 58: South African Property Insurance – Loss Ratio (%), 2009–2013
Figure 59: South African Property Insurance – Loss Ratio (%), 2013–2018
Figure 60: South African Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 61: South African Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 62: South African Fire and Allied Perils Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Figure 63: South African Fire and Allied Perils Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Figure 64: South African Engineering Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 65: South African Engineering Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 66: South African Engineering Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Figure 67: South African Engineering Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Figure 68: South African Agriculture Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 69: South African Agriculture Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 70: South African Agriculture Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Figure 71: South African Agriculture Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Figure 72: South African Other Property Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 73: South African Other Property Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 74: South African Other Property Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Figure 75: South African Other Property Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Figure 76: South African Motor Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 77: South African Motor Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 78: South African Motor Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Figure 79: South African Motor Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Figure 80: South African Motor Insurance – Loss Ratio (%), 2009–2013
Figure 81: South African Motor Insurance – Loss Ratio (%), 2013–2018
Figure 82: South African Liability Insurance – Gross Written Premium by Sub-Category (ZAR Billion), 2009–2018
Figure 83: South African Liability Insurance – Gross Written Premium Dynamics by Sub-Category (%), 2009–2018
Figure 84: South African Liability Insurance – Direct Written Premium by Sub-Category (ZAR Billion), 2009–2018
Figure 85: South African Liability Insurance – Direct Written Premium Dynamics by Sub-Category (%), 2009–2018
Figure 86: South African Liability Insurance – Loss Ratio (%), 2009–2013
Figure 87: South African Liability Insurance – Loss Ratio (%), 2013–2018
Figure 88: South African Other Liability Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 89: South African Other Liability Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 90: South African Other Liability Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Figure 91: South African Other Liability Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Figure 92: South African Marine, Aviation and Transit Insurance – Gross Written Premium by Sub-Category (ZAR Billion), 2009–2018
Figure 93: South African Marine, Aviation and Transit Insurance – Dynamics by Sub-Category (%), 2009–2018
Figure 94: South African Marine, Aviation and Transit Insurance – Loss Ratio (%), 2009–2013
Figure 95: South African Marine, Aviation and Transit Insurance – Loss Ratio (%), 2013–2018
Figure 96: South African Marine Hull Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 97: South African Marine Hull Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 98: South African Marine Hull Insurance – Gross Written Premium (ZAR Billion), 2009–2013
Figure 99: South African Marine Hull Insurance – Gross Written Premium (ZAR Billion), 2013–2018
Figure 100: South Africa Aviation Insurance – Number of Policies Sold (Thousan

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