Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2016: Introduction of National Healthcare Insurance Scheme Will Drive Market Growth


#89185

185pages

Timetric

$ 1950

In Stock


Synopsis

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

  • The South African personal accident and health insurance markets growth prospects by personal accident and health insurance categories
  • The various distribution channels in the South African personal accident and health insurance market
  • The competitive landscape in the personal accident and health insurance market
  • A description of the personal accident and health reinsurance market in South Africa

Summary

South Africas 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 will have a significant impact on the South African personal accident and health insurance segment, both directly and indirectly. Although personal accident and health insurance is the smallest segment in the overall South African insurance industry in terms of total written premium, NHI could considerably enlarge the insurance segment. Other new South African insurance products, such as those which provide cover for HIV-infected people, as well as medical savings initiatives, will ensure steady growth for the segment during the forecast period.

Scope

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

  • It provides historical values for South Africas personal accident and health insurance market for the reports 20072011 review period and forecast figures for the 20122016 forecast period 
  • It offers a detailed analysis of the key sub-segments in South Africas personal accident and health insurance market, along with market forecasts until 2016
  • 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 Porters industry-standard Five Forces analysis, it details the competitive landscape in South Africa for the personal accident and health insurance business
  • It provides a detailed analysis of the reinsurance market 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 top-level historic and forecast market data related to the South African personal accident and health insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the South African personal accident and health insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market, 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 personal accident and health insurance market and its impact on companies and the market's future

Key Highlights

  • South Africas healthcare industry is expected to undergo a radical change in structure following the launch of National Healthcare Insurance (NHI), a universal healthcare scheme. It will have a significant impact on the segment, both directly and indirectly
  • The main growth driver for personal accident and health insurance during the review period was the launch of HIV/AIDS insurance cover by both health and life insurance companies, which was purchased by a large number of the countrys formerly uninsured population
  • The travel insurance segment recorded robust growth during the review period, due to the countrys preparation for, and execution of, the 2010 FIFA World Cup
  • Direct marketing through intermediary agencies, such as medical institutions, online direct marketing companies, governmental agencies and NGOs, is the leading distribution channel for the health insurance category
  • The South African personal accident and health insurance segment contains a small number of large insurance companies with significant market shares, as well as a large number of small niche companies and governmental agencies