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Published: May, 2017 | Pages:
43 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)
Summary Timetric’s 'Reinsurance in South Africa Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the South African reinsurance segment, including: • An outlook of the South African reinsurance segment • A comprehensive overview of the South African economy and demographics • Detailed analysis of natural hazards and their impact on the South African insurance industry • The competitive landscape in the South African reinsurance segment Synopsis Timetric’s 'Reinsurance in South Africa, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the South African reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020). The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the South African economy and demographics, and provides detailed analysis of natural hazards and their impact on the South African insurance industry. The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country. Scope This report provides a comprehensive analysis of the reinsurance segment in South Africa: • It provides historical values for the South African reinsurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period. • It offers a detailed analysis of the key categories in the South African reinsurance segment, and market forecasts to 2020. • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in South Africa, and the reinsurance segment's growth prospects. • It analyzes various natural and man-made hazards and their impact on the South African insurance industry Reasons To Buy • Make strategic business decisions using in-depth historic and forecast market data related to the South African reinsurance segment, and each category within it. • Understand the demand-side dynamics, key market trends and growth opportunities in the South African reinsurance segment. • Identify growth opportunities and market dynamics in key product categories. • Gain insights into key regulations governing the South African insurance industry, and their impact on companies and the industry's future. Key Highlights • The South African reinsurance segment recorded a compound annual growth rate (CAGR) of 8.9% during the review period (2011–2015). • The premium ceded by the non-life segment was 29.3% in 2015, which was followed by the personal accident and health segment with 8.0% and the life segment with 4.5%. • The South African reinsurance segment is highly concentrated, with the six leading companies accounting for 85.6% of the segment’s total gross written premium in 2015. • The reduced severity of natural disasters in South Africa during the review period resulted in excess reinsurance capacity. • Reinsurance forms an integral component of South Africa’s risk management plans, due to the frequent occurrences of natural disasters.
Table of Content 1 Key Facts and Highlights 2 Executive Summary 3 Economy and Demographics 4 Reinsurance outlook 4.1 Reinsurance Segment Size, 2011–2020 4.1.1 Total reinsurance premium accepted 4.2 Reinsurance Segment Size by Premium Ceded, 2011–2020 5 Competitive Landscape 5.1 Company Profiles 5.1.1 Munich Reinsurance Company Of Africa Ltd – company overview 5.1.2 Hannover Life Re – company overview 5.1.3 Hannover Reinsurance Africa Ltd – company overview 5.1.4 General Reinsurance Africa Ltd – company overview 5.1.5 African Reinsurance Corporation (SA) Ltd – company overview 6 Natural and Man-Made Hazards 6.1 Flooding 6.2 Droughts 6.3 Wildfires 6.4 Man-Made Disasters 6.5 Exposure 7 Definition and Methodology 7.1 Definitions 7.2 Methodology 8 About Timetric 8.1 Contact Timetric 8.2 About Timetric 8.3 Timetric’s Services 8.4 Disclaimer
List of Tables Table 1: South African Reinsurance – Key Facts, 2015 Table 2: South African Reinsurance – Segment Shares of the Top Insurers, 2015 Table 3: South African Government Credit Ratings Table 4: South African Reinsurance – Total Premium Accepted (ZAR Billion and US$ Billion), 2011–2015 Table 5: South African Reinsurance – Total Premium Accepted (ZAR Billion and US$ Billion), 2015–2020 Table 6: South African Reinsurance – Premium Ceded by Type of Insurance (ZAR Billion), 2011–2015 Table 7: South African Reinsurance – Premium Ceded by Type of Insurance (ZAR Billion), 2015–2020 Table 8: South African Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015 Table 9: South African Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020 Table 10: South African Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015 Table 11: South African Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020 Table 12: South African Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2015 Table 13: South African Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2015–2020 Table 14: South African Reinsurance Industry – Market Shares of Leading Insurers (%), 2015 Table 15: Munich Reinsurance Company Of Africa Ltd – Key Facts Table 16: Munich Reinsurance Company Of Africa Limited – Key Financials (US$ Million), 2011–2015 Table 17: Hannover Life Re – Key Facts Table 18: Hannover Life Re – Key Financials (US$ Million), 2011–2015 Table 19: Hannover Reinsurance Africa Ltd – Key Facts Table 20: Hannover Reinsurance Africa Ltd – Key Financials (US$ Million), 2011–2015 Table 21: General Reinsurance Africa Ltd – Key Facts Table 22: General Reinsurance Africa Ltd – Key Financials (US$ Million), 2011–2015 Table 23: African Reinsurance Corporation (SA) Ltd – Key Facts Table 24: African Reinsurance Corporation (SA) Ltd – Key Financials (US$ Million), 2011–2015 Table 25: Insurance Industry Definitions List of Figures Figure 1: South African Real GDP (ZAR Billion), 2011–2020 Figure 2: South African ZAR–US$ Exchange Rate, 2011–2020 Figure 3: South African Consumer Price Inflation (%), 2011–2020 Figure 4: South African Current Account Balance as Percentage of GDP (%), 2011–2015 Figure 5: South African Unemployment Rate, 2011–2020 Figure 6: South African Population by Age Group, 1990–2025 Figure 7: South African Reinsurance – Total Premium Accepted (ZAR Billion), 2011–2020 Figure 8: South African Reinsurance – Premium Ceded by Type of Insurance (ZAR Billion), 2011–2020 Figure 9: South African Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2011–2020 Figure 10: South African Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020 Figure 11: South African Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020 Figure 12: South African Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2020 Figure 13: South African Reinsurance Industry – Market Shares of Leading Insurers (%), 2015 Figure 14: South African – Frequency of Hazards by Type, 1990–2014 Figure 15: South African Mortality by Hazards Type, 1990–2014 Figure 16: South African Economic Loss by Hazards Type, 1990–2014
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