South African Non-Life Insurance Sector Expected To Improve: 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 The non-life insurance segment in South Africa has registered itself to be resilient in some past years. There had been a downward pricing pressure in non-life insurance, due to sluggish economic conditions in the country. However, from 2009 to 2016, there has been an enormous growth in the sector of non-life insurance in South Africa. According to the report, “Non-Life Insurance in South Africa, Key Trends and Opportunities to 2020”, the large domestic financial services provided in South Africa are used to dominate the non-life insurance segment companies. There has been around 40% of total premiums being accounted by Mutual & Federal, Santam and Zurich local operators in non-life insurance segment in South Africa. Momentum Group and Outsurance, represents First Rand Group and non-life subsidies is exhibited by Absa. Health Insurance, metropolitan and Holland are the main focus of many substantial private independent companies in South Africa. In 2010, an important merger of metropolitan and momentum took place, which was a key factor for development of the insurance sector. Nowadays, in the retail market, metropolitan mainly focus on low and middle-income consumers and high income consumers are managed by momentum through concentrating their activities. Alexander Forbes has prolonged to be a broker of short-term insurance which provides various risk management solutions. The insurers may be affected by the downturn was Guard risk. The leading provider of captive cell solution for client is Guard risk. Before the slowdown, South Africa has ensured that their balance sheet has been in good shape. For the major players in the market of non-life insurance, the coming years will be challenging. Economic growth will be fairly flat and premium growth of domestic insurance industry will be no low than the normal growth of the economy. For personal and commercial line business, the market is anticipated to be soft and the recovery will take place but at slow pace. The reason behind the fall in non-life insurance penetration is the low level of disposable income of an individual household which makes an earning pressure on business in the short term; a strong resume has boosted consumer’s confidence regarding the insurance policy. Non-financial alternatives are the competition of insurance products. The non-life insurance sector is mature now and numerous niches are growing rapidly mainly in relation with GDP per capita. The trade association for the non-life insurers, South Africa Insurance Association (SAIA) has emphasized the need to reduce the numerous deaths on road. In future years, the non-life insurance sector will grow as people tend to purchase more vehicles in future. Key Topics Covered in the Report Global Non Life Insurance Industry Research South Africa Non Life Insurance Market Research Report South Africa Non Life Insurance Upcoming Trends South Africa Primary Non Life Insurance Industry Analysis South Africa Insurance Sector Growth Opportunities South Africa General Insurance Market Demand South Africa Non Life Insurance Policy Developments South Africa Non Life Insurance Market Share South Africa Life Insurance Industry Future Outlook South Africa Non Life Insurance Industry Overview South Africa Non Life Insurance Sector Growth Potential To know more about the research report: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/non-life-insurance-south-africa-key-trends/111700-93.html Related reports: 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 query@kenresearch.com +91-124-4230204 Tags: Global Non Life Insurance Industry Research, South Africa General Insurance Market Demand, South Africa Insurance Sector Growth Opportunities, South Africa Life Insurance Industry Future Outlook, South Africa Non Life Insurance Industry Overview, South Africa Non Life Insurance Market Research Report, South Africa Non Life Insurance Market Share, South Africa Non Life Insurance Policy Developments, South Africa Non Life Insurance Upcoming Trends, South Africa Non-Life Insurance Sector Growth Potential, South Africa Primary Non Life Insurance Industry Analysis