The publisher’s latest South African Short-Term Insurance Industry Landscape Report 2021 (150 pages), provides a dynamic synthesis of industry research and carefully uncovers the South African Short-Term Insurance market, based on the latest intelligence and research. This Industry Landscape Report provides a holistic perspective of the Short-Term Insurance market, including the impact of the global COVID-19 pandemic, as well as the potential future impact it will continue to have on the market. In particular, it provides detailed insights into the current market dynamics and stakeholder positioning - from market size, industry trends, industry innovation and technology, industry drivers & challenges, to competitor and product analysis, to present an objective insight into the South African Short-Term Insurance market environment and its future.Is Insurtech Insuring the Continued Recovery of South Africa's Short-Term Insurance Industry?"
Market Research Methodology
This report is compiled using the latest available data, insights, and information from over 250 secondary and primary sources (including local and global industry associations), prominent news platforms, industry stakeholders and experts, industry websites, and the latest global and local 3rd party reports and publications, amongst others. Please note that all the sources used for the information on each slide are provided in the form of clickable links should you wish to visit the sources themselves.
Key Questions This Report Answers
The South African Short-Term Insurance Industry Landscape Report 2021 provides a holistic overview of the global and South African market and will help answer the following questions:
For the Global Short-Term Insurance Industry Section:
- What are the current market dynamics (overview, market environment, impact of COVID-19 and key regional markets) of the Global Short-Term Insurance industry?
- Which are the key global Insurtech firms?
- What are the Global Short-Term Insurance industry trends, innovation and technology, drivers, and challenges?
For the South African Short-Term Insurance Industry Section:
- What are the current market dynamics (overview, market environment, and market dynamics) of the South African Short-Term Insurance industry?
- Which are the key South African Insurtech firms?
- What impact has the COVID-19 pandemic had on the South African Short-Term Insurance Industry?
- What are the South African Short-Term Insurance industry trends, innovation and technology, drivers, and challenges?
For the South African Short-Term Insurance Competitor Analysis Section:
- Which are the key market players (financial institutions, insurance companies, and online insurance quotation providers) in the South African Short-Term Insurance industry?
- What is the latest company news in terms of South African Short-Term Insurance industry products, services and marketing initiatives?
- What is the brand positioning, marketing, and advertising overview for each key player?
- What Short-Term Insurance products are offered by each key player?
- What is the social media following for each key market player?
Who Is This Report for?
This report is for people who already are actively working on this market, representatives of producers, distributors, importers, exporters, wholesalers, retailers, suppliers:
- Industry C Level Executives
- Directors
- Industry Strategists
- Marketing Professionals
- Market Research and Intelligence Managers
- Business Development Professionals
- Product Developers
- Product Marketers and Strategists
- Product Managers
- Project Managers
- Suppliers
- Traders
Categories/Products Coverage
This report covers the following categories:
- The Short-Term Insurance market is segmented into Health Insurance, Motor (Personal & Commercial), Property (Personal & Commercial), Other Accident & Health, and Liability.
Table of Contents
EXECUTIVE SUMMARY
1. GLOBAL SHORT-TERM INSURANCE INDUSTRY
2. SOUTH AFRICAN SHORT-TERM INSURANCE INDUSTRY
3. SOUTH AFRICAN SHORT-TERM INSURANCE COMPETITOR ANALYSIS
Executive Summary
In 2021, the global and local Short-Term Insurance industries have endured the impact of the COVID19 pandemic relatively well, despite declines in both growth and premium volumes. The industry appears to on the road to recovery, driven not only by strongly rebounding economies and consumer spending, but a paradigm shift towards the incorporation of InsurTech and Fourth Industrial Revolution (4IR) technologies. These include the use of Artificial Intelligence (AI), machine learning, Internet of Things (IoT), blockchain, and even drones, to develop innovative Short-Term Insurance products that cater to capricious consumer demands, whilst increasing efficiency and lowering costs.In terms of the local InsurTech market, the impact of the COVID-19 pandemic on local insurers has accelerated the digital transition of insurance tasks, to meet consumer demands in terms of service and digital offerings, resulting in many local insurers proactively partnering with InsurTech companies. This has included strategic alliances, such as the one between Sanlam Group and MTN Group, as well as the early-stage investment of R1.4 billion into the local tech ecosystem by Naspers Foundry, which included a R120 million investment in local AI-driven InsurTech company, Naked Insurance.
Companies Mentioned
- Absa idirect
- Bidvest Insurance
- FNB
- Holistic Risk Services (HRS) Administors (Pty) Ltd.
- Nedbank
- Standard Insurance Limited
- 1st For Women Insurance
- AIG
- Auto & General
- Bryte Insurance Company Limited
- Budget Insurance
- Clientèle Limited Group
- Constantia Insurance
- Dialdirect Insurance Limited
- Discovery Insure
- Hollard
- King Price Insurance
- MiWay Insurance Limited
- Momentum Insure
- Naked Insurance
- Old Mutual Insure
- iWYZE
- OUTsurance
- Santam
- Compass Insure Company Limited
- dotsure.co.za
- Infiniti Insurance
- LegalWise
- Lombard Insurance Limited
- Monarch Insurance Company Limited
- New National Assurance Company
- Professional Provident Society (PPS)
- Safire Insurance Company Limited
- SA Home Loans (SAHL)
- Western National
- Workerslife
- AutoInsurance.co.za
- Best Car Insurance
- Better Compare
- Compare Car Insurance
- CompareGuru
- Get-Insured
- Hippo.co.za
- Insurance.co.za
- Insureacar
- Online Insurance
- PriceCheck
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | November 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( ZAR | ZAR 128 Billion |
| Forecasted Market Value ( ZAR | ZAR 163.4 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | South Africa |
| No. of Companies Mentioned | 47 |
