Reinsurance in South Africa, Key Trends and Opportunities to 2018

Published: Jul, 2014 | Pages: 88 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in-depth market analysis, information and insights into the South African reinsurance segment, including:
The South African reinsurance segment's growth prospects by reinsurance categories 
Key trends and drivers for the reinsurance segment  
The South African reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the South African reinsurance segment 

Summary
The South African reinsurance segment grew steadily during the review period (2009-2013) despite the adverse impact of the global economic crisis, at a review-period CAGR of 6.9%. The segment was led by the treaty reinsurance category and performed a well-documented role in managing liquidity and capital of insurance companies. 
Scope
This report provides a comprehensive analysis of the reinsurance segment in South Africa:
It provides historical values for South Africa's reinsurance 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 Africa's reinsurance segment, along with market forecasts until 2018.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in South Africa and its growth prospects. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the South African reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the South African reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the South African insurance industry and its impact on companies and the market's future 
Key Highlights
 The insurance industry's robust review-period growth and the frequent occurrence of natural disasters, which forced insurers to share larger proportions of risk, drove growth in the South African reinsurance segment during the review period at a CAGR of 6.9%.
The South African reinsurance segment is concentrated, with the six leading companies accounting for a segmental share of 88.1% in gross written premium terms in 2012
Treaty reinsurance led the reinsurance segment in 2013, representing 55.1% of written premium, while facultative reinsurance accounted for 44.9%.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 South African Republic Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2009-2018
3.2 Reinsurance Growth Dymics and Challenges
3.2.1 Reinsurance segment size, 2009-2018
3.2.2 Reinsurance Segment Size by Type of Insurance, 2009-2018
4 Key Industry Trends and Drivers
4.1 Life Insurance Growth Drivers
4.2 Non-Life Insurance Growth Drivers
4.3 Persol Accident and Health Insurance Growth Drivers
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the South African Reinsurance Segment
5.3 Comparison of Five Leading Insurers
5.3.1 Gross written premium
5.3.2 Paid claims
5.3.3 Total assets
5.4 Munich Reinsurance Company of Africa Ltd - Company Overview
5.4.1 Munich Reinsurance Company of Africa Ltd - key facts
5.4.2 Munich Reinsurance Company of Africa Ltd - key fincial alysis
5.5 Hannover Reinsurance Africa Ltd - Company Overview
5.5.1 Hannover Reinsurance Africa Ltd - key facts
5.5.2 Hannover Reinsurance Africa Ltd - key fincial alysis
5.6 Hannover Life Reassurance Africa Ltd - Company Overview
5.6.1 Hannover Life Reassurance Africa Ltd - key facts
5.6.2 Hannover Life Reassurance Africa Ltd - key fincial alysis
5.7 General Reinsurance Africa Ltd - Company Overview
5.7.1 General Reinsurance Africa Ltd - key facts
5.7.2 General Reinsurance Africa Ltd - key fincial alysis
5.8 African Reinsurance Corporation (SA) Ltd - Company Overview
5.8.1 African Reinsurance Corporation (SA) Ltd - key facts
5.8.2 African Reinsurance Corporation (SA) Ltd - key fincial alysis
5.9 Swiss Re Life Africa Ltd - Company Overview
5.9.1 Swiss Re Life Africa Ltd - key facts
5.9.2 Swiss Re Life Africa Ltd - key fincial alysis
5.1 RGA Re Africa Ltd - Company Overview
5.10.1 RGA Re Africa Ltd - key facts
5.10.2 RGA Re Africa Ltd - key fincial alysis
5.11 Scor Africa Ltd - Company Overview
5.11.1 Scor Africa Ltd - key facts
5.11.2 Scor Africa Ltd - key fincial alysis
5.12 Flagstone Reinsurance Africa Ltd - Company Overview
5.12.1 Flagstone Reinsurance Africa Ltd - key facts
5.13 Saxum Reinsurance Ltd - Company Overview
5.13.1 Saxum Reinsurance Ltd - key facts
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend - Johannesburg Stock Exchange
6.2 Economic Performance
6.2.1 GDP at constant prices (US$)
6.2.2 GDP per capita at constant prices (US$)
6.2.3 GDP at current prices (US$)
6.2.4 GDP per capita at current prices (US$)
6.2.5 GDP by key segments
6.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
6.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
6.2.8 Manufacturing net output at current prices (US$)
6.2.9 Manufacturing net output at current prices as a percentage of GDP
6.2.10 Mining, manufacturing and utilities at current prices (US$)
6.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.12 Construction net output at current prices (US$)
6.2.13 Construction net output at current prices as a percentage of GDP
6.2.14 Inflation rate
6.2.15 Exports as a percentage of GDP
6.2.16 Imports as a percentage of GDP
6.2.17 Merchandise Exports growth
6.2.18 Merchandise Imports growth
6.2.19 Annual average exchange rate ZAR-US$
6.3 Infrastructure
6.3.1 Commercial vehicles exports - total value
6.3.2 Commercial vehicles imports - total value
6.3.3 Automotive exports - total value
6.3.4 Automotive imports - total value
6.3.5 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Gross tiol disposable income (US$)
6.5.2 Household consumption expenditure (US$)
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Age distribution of the total population
7 Appendix
7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric's Services
7.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: South African Insurance - Gross Written Premium by Segment (ZAR Billion), 2009-2013
Table 3: South African Insurance - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 4: South African Insurance - Gross Written Premium by Segment (ZAR Billion), 2013-2018
Table 5: South African Insurance - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 6: South African Insurance - Segmentation (Percentage Share), 2009-2018
Table 7: South African Insurance - Direct Written Premium by Segment (ZAR Billion), 2009-2013
Table 8: South African Insurance - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 9: South African Insurance - Direct Written Premium by Segment (ZAR Billion), 2013-2018
Table 10: South African Insurance - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 11: South African Insurance - Segmentation, Direct Written Premium (Percentage Share), 2009-2018
Table 12: South African Reinsurance by Category (ZAR Billion), 2009-2013
Table 13: South African Reinsurance by Category (US$ Billion), 2009-2013
Table 14: South African Reinsurance by Category (ZAR Billion), 2013-2018
Table 15: South African Reinsurance by Category (US$ Billion), 2013-2018
Table 16: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2009-2013
Table 17: South African Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2009-2013
Table 18: South African Premium Ceded to Reinsurance by Type of Insurance (ZAR Billion), 2013-2018
Table 19: South African Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2013-2018
Table 20: South African Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 21: South African Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 22: South African Non-Life Insurance - Percentage of Reinsurance Ceded, 2009-2013
Table 23: South African Non-Life Insurance - Percentage of Reinsurance Ceded, 2013-2018
Table 24: South African Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 25: South African Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 26: Shares of Key Insurers in the South African Reinsurance Segment (%), 2012
Table 27: Munich Reinsurance Company of Africa Ltd, Key Facts
Table 28: Munich Reinsurance Company of Africa Ltd, Key Fincial Alysis (ZAR Million)
Table 29: Hannover Reinsurance Africa Ltd, Key Facts
Table 30: Hannover Reinsurance Africa Ltd, Key Fincial Alysis (ZAR Million)
Table 31: Hannover Life Reassurance Africa Ltd, Key Facts
Table 32: Hannover Life Reassurance Africa Ltd, Key Fincials (ZAR Million)
Table 33: General Reinsurance Africa Ltd, Key Facts
Table 34: General Reinsurance Africa Ltd, Key Fincial Alysis (ZAR Million)
Table 35: African Reinsurance Corporation (SA) Ltd, Key Facts
Table 36: African Reinsurance Corporation (SA) Ltd, Key Fincial Alysis (ZAR Million)
Table 37: Swiss Re Life Africa Ltd, Key Facts
Table 38: Swiss Re Life Africa Ltd, Key Fincial Alysis (ZAR Million)
Table 39: RGA Re Africa Ltd, Key Facts
Table 40: RGA Re Africa Ltd, Key Fincial Alysis (ZAR Million)
Table 41: Scor Africa Ltd, Key Facts
Table 42: Scor Africa Ltd, Key Fincial Alysis (ZAR Million)
Table 43: Flagstone Reinsurance Africa Ltd, Key Facts
Table 44: Saxum Reinsurance Ltd, Key Facts