Rising Demand to Assist Personal Accident Insurance in South Africa: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit A health insurance policy basically covers all essential health care like- all injuries, accidents weather they occur in workplace, while travelling or at home. Other benefits depend on the type of health insurance policy one takes. Also premium services and benefits are provided if paid more for services. Due to rises in medical costs day by day, people go for health and personal accident insurance policy and many companies provide innovative and diverse schemes that are affordable enough by the people. Some people take a limited coverage for major and serious conditions that may happen in future. Some insurance policy covers a major percentage of the claim and the remaining is paid by the consumer or policyholder. Discovery Health has prolonged to be the largest medical insurer in South Africa with about 1.5 million members. It is very competitive for other players in the industry of personal accident and health insurance in South Africa. According to the report, “Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2020”, South Africa healthcare industry is significantly impacted by the launch of (NHI) National Health Care Insurance in direct as well as indirect way in its personal accident and health insurance sector. In terms of total written premium, the personal accident and health insurance is a small segment in whole insurance industry of South Africa and NHI will considerably enlarge the segment. In 2014, with 90 insurers, the personal accident and health segment was seen to be overcrowded. Guard risk Insurance Company, Rand mutual Assurance Company Limited, Monarch Insurance Company Limited, Constantia insurance Company Limited and Holland Insurance Company Limited had been the top 5 companies which dealt with personal accident and health insurance in South Africa. In 2015, the segment of personal accident and health insurance has been observed to account for about 4% in insurance gross written premium in South Africa. The personal accident and health insurance leading distribution channel in South Africa are the brokers. They have been the bridge between the final consumer and the insurance company. They play a vital role which helps both the party and in return brokers get commission. Before informing consumer about the insurance policy, broker needs to be fully educated regarding the policy and they need to keep themselves up to date. In 2015, the five leading companies of personal and health insurance segment in South Africa accounted for about 70.3% total gross. In insurance industry of South Africa, personal accident and health insurance will remain and important driver as the non-insured population are insured with the launch of HIV/AIDS insurance which covers health insurance as well as life insurance companies. The health insurance segment category has been the largest contributor of insurance industry and will continue to remain at top because of its excessive demand. Many people in South Africa have at least health insurance since every person suffers from some health problems in their old age; health insurance thus becomes a supportive hand at the crucial time. Key Topics Covered in the Report:- South Africa Personal Accident Insurance Market Research Report South Africa Health Insurance Industry Analysis South Africa Health and Life Insurance Market Demand South Africa Personal Accident Insurance Policy Developments South Africa Insurance Sector Growth Opportunities Global Personal Accident and Health Insurance Industry Research South Africa Personal Accident Cover and Insurance Market Size South Africa Health Insurance Upcoming Trends South Africa Non-Life Insurance Sector Growth Potential South Africa Life Insurance Industry Future Outlook South Africa General Insurance Industry To know more about the research report:- https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-health-insurance-south-africa-key-trends/111701-93.html Related Reports by Ken Research:- https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-qatari-insurance-industry/3444-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-burundian-insurance-industry/3899-93.html Contact:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-124-4230204 Tags: Global Personal Accident and Health Insurance Industry Research, South Africa General Insurance Industry, South Africa Health and Life Insurance Market Demand, South Africa Health Insurance Industry Analysis, South Africa Health Insurance Upcoming Trends, South Africa Insurance Sector Growth Opportunities, South Africa Life Insurance Industry Future Outlook, South Africa Non-Life Insurance Sector Growth Potential, South Africa Personal Accident Cover and Insurance Market Size, South Africa Personal Accident Insurance Market Research Report, South Africa Personal Accident Insurance Policy Developments