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 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.
Key highlights
Published: February 2012
No. of Pages: 185
Price : Single User License - US$1950
Scope
Key highlights
- 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. 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 country’s formerly uninsured population
- The travel insurance segment recorded robust growth during the review period, due to the country’s 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
Personal Accident and Health Insurance Market
Published: February 2012
No. of Pages: 185
Price : Single User License - US$1950
Scope
- This report provides a comprehensive analysis of the personal accident and health insurance market in South Africa
- It provides historical values for South Africa’s personal accident and health insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key sub-segments in South Africa’s 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 Porter’s 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
- 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
