Personal Accident and Health Insurance in South Africa Market Research 2018

Synopsis

The report provides in-depth market analysis, information and insights into the South African personal accident and health insurance segment, including:

• The South African personal accident and health insurance segment’s growth prospects by insurance categories
• Key trends and drivers for the personal accident and health insurance segment
• The various distribution channels in the South African personal accident and health insurance segment
• The detailed competitive landscape in the personal accident and health insurance segment in South Africa
• Detailed regulatory policies of the South African insurance industry
• A description of the personal accident and health reinsurance segment in South Africa
• Porter's Five Forces analysis of the personal accident and health insurance segment
• A benchmarking section on the South African personal accident and health insurance segment in comparison with other countries in the BRICS region

Executive summary

South Africa’s healthcare industry is expected to undergo a radical change in structure following the launch of National Healthcare Insurance (NHI), a universal healthcare scheme. The NHI is expected to have a significant impact on the South African personal accident and health segment, both directly and indirectly. Although personal accident and health insurance is the smallest segment in the country’s overall insurance industry in terms of total written premium, NHI could considerably enlarge the segment. Other new South African insurance products, such as those which provide cover for those infected by HIV, will ensure its steady growth over the forecast period.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in South Africa:

• It provides historical values for the South African personal accident and health insurance segment for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key sub-segments in South African personal accident and health insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for personal accident and health insurance products in South Africa.
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in South Africa for the personal accident and health insurance segment.
• It provides a detailed analysis of the reinsurance segment in South Africa and its growth prospects.
• It profiles the top personal accident and health insurance companies in South Africa and outlines the key regulations affecting them.

Reasons to buy

• Make strategic business decisions using in depth historic and forecast market data related to the South African personal accident and health insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the South African personal accident and health insurance segment
• Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the South African insurance segment and its impact on companies and the market's future

Key highlights

• The personal accident and health segment recorded a CAGR of 11.3% during the review period.
• The South African personal accident and health segment’s share of gross written premium was the smallest in the insurance industry during the review period; however it increased from 4.0% in 2009 to 4.8% in 2013.
• Health insurance category drove the growth of personal accident and health segment during the review period.
• The travel category recorded robust growth during the review period, due to the country’s preparation for, and successful execution of, the 2010 FIFA Football World Cup.

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