DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/be6b7366/life_insurance_in) has announced the addition of the "Life Insurance in South Africa, Key Trends and Opportunities to 2016: Micro Insurance Programs and Rural Insurance Penetration Key to Market Expansion" report to their offering.
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
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
Key Topics Covered:
1 Executive Summary
2 Introduction
3 South African Insurance Industry Attractiveness
4 Life Insurance Market Outlook
5 Analysis by Distribution Channel
6 Regulatory Policies
7 Porter's Five Forces Analysis - South African Life Insurance Market
8 Reinsurance Growth Dynamics and Challenges
9 Competitive Landscape and Strategic Insights
10 Business Environment and Country Risk
11 Appendix
Companies Mentioned
- 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
For more information visit http://www.researchandmarkets.com/research/be6b7366/life_insurance_in