Table of Contents
1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 South African Insurance Industry Attractiveness
2.1 Insurance Industry Market Size, 2007-2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments
3 Personal Accident and Health Insurance Market Outlook
3.1 Personal Accident and Health Insurance Growth Prospects by Category
3.1.1 Personal accident category
3.1.2 Travel insurance category
3.1.3 Health insurance category
3.1.4 Non-life health insurance sub-category
3.1.5 Life health insurance sub-category
4 Analysis by Distribution Channels
4.1 Direct Marketing Channel
4.2 Bancassurance Channel
4.3 Agencies Channel
4.4 Other Channels
5 Appendix
5.1 Methodology
5.2 Contact Us
5.3 About Timetric
5.4 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: Personal Accident and Health Insurance Written Premium by Category (ZAR Billion), 2007-2011
Table 8: Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2007-2011
Table 9: Personal Accident and Health Insurance Written Premium by Category (ZAR Billion), 2011-2016
Table 10: Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2011-2016
Table 11: Personal Accident and Health Insurance - Paid Claims by Category (ZAR Billion), 2007-2011
Table 12: Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2007-2011
Table 13: Personal Accident and Health Insurance - Paid Claims by Category (ZAR Billion), 2011-2016
Table 14: Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2011-2016
Table 15: Personal Accident and Health Insurance - Incurred Loss (ZAR Billion), 2007-2011
Table 16: Personal Accident and Health Insurance - Incurred Loss (ZAR Billion), 2011-2016
Table 17: Personal Accident and Health Insurance - Loss Ratio (%), 2007-2011
Table 18: Personal Accident and Health Insurance - Loss Ratio (%), 2011-2016
Table 19: Personal Accident and Health Insurance - Frauds and Crimes (ZAR Billion), 2007-2011
Table 20: Personal Accident and Health Insurance - Frauds and Crimes (ZAR Billion), 2011-2016
Table 21: Personal Accident and Health Insurance - Total Assets (ZAR Billion), 2007-2011
Table 22: Personal Accident and Health Insurance - Total Assets (ZAR Billion), 2011-2016
Table 23: Personal Accident and Health Insurance - Total Investment Income (ZAR Billion), 2007-2011
Table 24: Personal Accident and Health Insurance - Total Investment Income (ZAR Billion), 2011-2016
Table 25: Personal Accident and Health Insurance - Retentions (ZAR Billion), 2007-2011
Table 26: Personal Accident and Health Insurance - Retentions (ZAR Billion), 2011-2016
Table 27: Personal Accident Insurance Category by Volume ('000), 2007-2011
Table 28: Personal Accident Insurance Category by Volume ('000), 2011-2016
Table 29: Personal Accident Insurance Category by Written Premium (ZAR Billion), 2007-2011
Table 30: Personal Accident Insurance Category by Written Premium (ZAR Billion), 2011-2016
Table 31: Travel Insurance Category by Volume ('000), 2007-2011
Table 32: Travel Insurance Category by Volume ('000), 2011-2016
Table 33: Travel Insurance Category by Written Premium (ZAR Billion), 2007-2011
Table 34: Travel Insurance Category by Written Premium (ZAR Billion), 2011-2016
Table 35: Health Insurance Written Premium by Sub-Category (ZAR Billion), 2007-2011
Table 36: Health Insurance Written Premium by Sub-Category (US$ Billion), 2007-2011
Table 37: Health Insurance Written Premium by Sub-Category (ZAR Billion), 2011-2016
Table 38: Health Insurance Written Premium by Sub-Category (US$ Billion), 2011-2016
Table 39: Non-Life Health Insurance Sub-Category by Volume ('000), 2007-2011
Table 40: Non-Life Health Insurance Sub-Category by Volume ('000), 2011-2016
Table 41: Non-Life Health Insurance Sub-Category by Written Premium (ZAR Billion), 2007-2011
Table 42: Non-Life Health Insurance Sub-Category by Written Premium (ZAR Billion), 2011-2016
Table 43: Life Health Insurance Sub-Category by Volume ('000), 2007-2011
Table 44: Life Health Insurance Sub-Category by Volume ('000), 2011-2016
Table 45: Life Health Insurance Sub-Category by Written Premium (ZAR Billion), 2007-2011
Table 46: Life Health Insurance Sub-Category by Written Premium (ZAR Billion), 2011-2016
Table 47: Personal Accident and Health Insurance - Direct Marketing Commission Paid (ZAR Billion), 2007-2011
Table 48: Personal Accident and Health Insurance - Direct Marketing Commission Paid (ZAR Billion), 2011-2016
Table 49: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (ZAR Billion), 2007-2011
Table 50: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (ZAR Billion), 2011-2016
Table 51: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing ('000), 2007-2011
Table 52: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing ('000), 2011-2016
Table 53: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2007-2011
Table 54: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2011-2016
Table 55: Personal Accident and Health Insurance - Bancassurance Commission Paid (ZAR Billion), 2007-2011
Table 56: Personal Accident and Health Insurance - Bancassurance Commission Paid (ZAR Billion), 2011-2016
Table 57: Personal Accident and Health Insurance - Written Premium Through Bancassurance (ZAR Billion), 2007-2011
Table 58: Personal Accident and Health Insurance - Written Premium Through Bancassurance (ZAR Billion), 2011-2016
Table 59: Personal Accident and Health Insurance - Policies Sold Through Bancassurance ('000), 2007-2011
Table 60: Personal Accident and Health Insurance - Policies Sold Through Bancassurance ('000), 2011-2016
Table 61: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2007-2011
Table 62: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2011-2016
Table 63: Personal Accident and Health Insurance - Commission Paid to Agencies (ZAR Billion), 2007-2011
Table 64: Personal Accident and Health Insurance - Commission Paid to Agencies (ZAR Billion), 2011-2016
Table 65: Personal Accident and Health Insurance - Written Premium Through Agencies (ZAR Billion), 2007-2011
Table 66: Personal Accident and Health Insurance - Written Premium Through Agencies (ZAR Billion), 2011-2016
Table 67: Personal Accident and Health Insurance - Policies Sold Through Agencies ('000), 2007-2011
Table 68: Personal Accident and Health Insurance - Policies Sold Through Agencies ('000), 2011-2016
Table 69: Personal Accident and Health Insurance - Number of Agencies, 2007-2011
Table 70: Personal Accident and Health Insurance - Number of Agencies, 2011-2016
Table 71: Personal Accident and Health Insurance - Commission Paid to Other Channels (ZAR Billion), 2007-2011
Table 72: Personal Accident and Health Insurance - Commission Paid to Other Channels (ZAR Billion), 2011-2016
Table 73: Personal Accident and Health Insurance - Written Premium Through Other Channels (ZAR Billion), 2007-2011
Table 74: Personal Accident and Health Insurance - Written Premium Through Other Channels (ZAR Billion), 2011-2016
Table 75: Personal Accident and Health Insurance - Policies Sold Through Other Channels ('000), 2007-2011
Table 76: Personal Accident and Health Insurance - Policies Sold Through Other Channels ('000), 2011-2016
Table 77: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2007-2011
Table 78: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2011-2016
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: Personal Accident and Health Insurance Written Premium by Category (ZAR Billion), 2007-2016
Figure 4: Personal Accident and Health Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Personal Accident and Health Insurance Market Dynamics by Category, 2007-2016
Figure 6: Personal Accident and Health Insurance - Paid Claims by Category (ZAR Billion), 2007-2016
Figure 7: Personal Accident and Health Insurance - Incurred Loss (ZAR Billion), 2007-2011
Figure 8: Personal Accident and Health Insurance - Incurred Loss (ZAR Billion), 2011-2016
Figure 9: Personal Accident and Health Insurance - Loss Ratio (%), 2007-2011
Figure 10: Personal Accident and Health Insurance - Loss Ratio (%), 2011-2016
Figure 11: Personal Accident and Health Insurance - Frauds and Crimes (ZAR Billion), 2007-2011
Figure 12: Personal Accident and Health Insurance - Frauds and Crimes (ZAR Billion), 2011-2016
Figure 13: Personal Accident and Health Insurance - Total Assets (ZAR Billion), 2007-2011
Figure 14: Personal Accident and Health Insurance - Total Assets (ZAR Billion), 2011-2016
Figure 15: Personal Accident and Health Insurance - Total Investment Income (ZAR Billion), 2007-2011
Figure 16: Personal Accident and Health Insurance - Total Investment Income (ZAR Billion), 2011-2016
Figure 17: Personal Accident and Health Insurance - Retentions (ZAR Billion), 2007-2011
Figure 18: Personal Accident and Health Insurance - Retentions (ZAR Billion), 2011-2016
Figure 19: Personal Accident and Health Insurance - Investment by Investment Type (ZAR Billion), 2007-2011
Figure 20: Personal Accident and Health Insurance - Investment by Investment Type (% Share), 2007 and 2011
Figure 21: Personal Accident and Health Insurance - Density and Penetration (%), 2007-2011
Figure 22: Personal Accident and Health Insurance - Number of Policies Sold ('000), 2007-2011
Figure 23: Personal Accident and Health Insurance - Number of Policies Sold ('000), 2011-2016
Figure 24: Personal Accident and Health Insurance - Premium Per Capita (ZAR), 2007-2011
Figure 25: Personal Accident Insurance Category by Volume ('000), 2007-2011
Figure 26: Personal Accident Insurance Category by Volume ('000), 2011-2016
Figure 27: Personal Accident Insurance Category by Written Premium (ZAR Billion), 2007-2011
Figure 28: Personal Accident Insurance Category by Written Premium (ZAR Billion), 2011-2016
Figure 29: Travel Insurance Category by Volume ('000), 2007-2011
Figure 30: Travel Insurance Category by Volume ('000), 2011-2016
Figure 31: Travel Insurance Category by Written Premium (ZAR Billion), 2007-2011
Figure 32: Travel Insurance Category by Written Premium (ZAR Billion), 2011-2016
Figure 33: Health Insurance Written Premium by Sub-Category (ZAR Billion), 2007-2016
Figure 34: Health Insurance Market Dynamics by Sub-Category, 2007-2016
Figure 35: Non-Life Health Insurance Sub-Category by Volume ('000), 2007-2011
Figure 36: Non-Life Health Insurance Sub-Category by Volume ('000), 2011-2016
Figure 37: Non-Life Health Insurance Sub-Category by Written Premium (ZAR Billion), 2007-2011
Figure 38: Non-Life Health Insurance Sub-Category by Written Premium (ZAR Billion), 2011-2016
Figure 39: Life Health Insurance Sub-Category by Volume ('000), 2007-2011
Figure 40: Life Health Insurance Sub-Category by Volume ('000), 2011-2016
Figure 41: Life Health Insurance Sub-Category by Written Premium (ZAR Billion), 2007-2011
Figure 42: Life Health Insurance Sub-Category by Written Premium (ZAR Billion), 2011-2016
Figure 43: Personal Accident and Health Insurance New Business Written Premium - Market Shares by Distribution Channel, 2011 and 2016
Figure 44: Personal Accident and Health Insurance - Direct Marketing Commission Paid (ZAR Billion), 2007-2011
Figure 45: Personal Accident and Health Insurance - Direct Marketing Commission Paid (ZAR Billion), 2011-2016
Figure 46: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (ZAR Billion), 2007-2011
Figure 47: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (ZAR Billion), 2011-2016
Figure 48: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing ('000), 2007-2011
Figure 49: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing ('000), 2011-2016
Figure 50: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2007-2011
Figure 51: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2011-2016
Figure 52: Personal Accident and Health Insurance - Bancassurance Commission Paid (ZAR Billion), 2007-2011
Figure 53: Personal Accident and Health Insurance - Bancassurance Commission Paid (ZAR Billion), 2011-2016
Figure 54: Personal Accident and Health Insurance - Written Premium Through Bancassurance (ZAR Billion), 2007-2011
Figure 55: Personal Accident and Health Insurance - Written Premium Through Bancassurance (ZAR Billion), 2011-2016
Figure 56: Personal Accident and Health Insurance - Policies Sold Through Bancassurance ('000), 2007-2011
Figure 57: Personal Accident and Health Insurance - Policies Sold Through Bancassurance ('000), 2011-2016
Figure 58: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2007-2011
Figure 59: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2011-2016
Figure 60: Personal Accident and Health Insurance - Commission Paid to Agencies (ZAR Billion), 2007-2011
Figure 61: Personal Accident and Health Insurance - Commission Paid to Agencies (ZAR Billion), 2011-2016
Figure 62: Personal Accident and Health Insurance - Written Premium Through Agencies (ZAR Billion), 2007-2011
Figure 63: Personal Accident and Health Insurance - Written Premium Through Agencies (ZAR Billion), 2011-2016
Figure 64: Personal Accident and Health Insurance - Policies Sold Through Agencies ('000), 2007-2011
Figure 65: Personal Accident and Health Insurance - Policies Sold Through Agencies ('000), 2011-2016
Figure 66: Personal Accident and Health Insurance - Number of Agencies, 2007-2011
Figure 67: Personal Accident and Health Insurance - Number of Agencies, 2011-2016
Figure 68: Personal Accident and Health Insurance - Commission Paid to Other Channels (ZAR Billion), 2007-2011
Figure 69: Personal Accident and Health Insurance - Commission Paid to Other Channels (ZAR Billion), 2011-2016
Figure 70: Personal Accident and Health Insurance - Written Premium Through Other Channels (ZAR Billion), 2007-2011
Figure 71: Personal Accident and Health Insurance - Written Premium Through Other Channels (ZAR Billion), 2011-2016
Figure 72: Personal Accident and Health Insurance - Policies Sold Through Other Channels ('000), 2007-2011
Figure 73: Personal Accident and Health Insurance - Policies Sold Through Other Channels ('000), 2011-2016
Figure 74: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2007-2011
Figure 75: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2011-2016