The publisher’s latest South African Long-Term Insurance Industry Landscape Report 2022 (134 pages), provides a dynamic synthesis of industry research and carefully uncovers the global and South African Long-Term Insurance market, based on the latest intelligence and research. This Industry Landscape Report provides a holistic perspective of the Long-Term Insurance market, including the impact of the global COVID-19 pandemic, as well as the potential future impact it will continue to have on the market.Is InsurTech Personalising South Africa’s Long-Term Insurance Industry?
Market Research Methodology
This report is compiled using the latest available data, insights, and information from over 250 secondary and primary sources (including local and global industry associations), prominent news platforms, industry stakeholders and experts, industry websites, and the latest global and local 3rd party reports and publications, amongst others. Please note that all the sources used for the information on each slide are provided in the form of clickable links should you wish to visit the sources themselves.
Key Questions This Report Answers
The South African Long-Term Insurance Industry Landscape Report 2022 provides a holistic overview of the global and South African market and will help answer the following questions:
For the Global Long-Term Insurance Industry Section
- What are the current market dynamics (overview, market environment, impact of COVID-19 and key regional markets) of the Global Long-Term Insurance industry?
- Which are the key global InsurTech firms?
- What are the Global Long-Term Insurance industry trends, innovation and technology, drivers, and challenges?
For the South African Long-Term Insurance Industry Section
- What are the current market dynamics (market size, market environment, and market dynamics) of the South African Long-Term Insurance industry?
- Which are the key South African InsurTech firms?
- What impact has the COVID-19 pandemic had on the South African Long-Term Insurance Industry?
- What are the South African Long-Term Insurance industry trends, innovation and technology, drivers and challenges?
For the South African Long-Term Insurance Competitor Analysis Section
- Which are the key market players (financial institutions, insurance companies, and non-insurance companies) in the South African Long-Term Insurance industry?
- What is the latest company news in terms of Long-Term insurance products, services, new launches, and marketing initiatives?
- What is the brand positioning, marketing, and advertising overview for each key player?
- What Long-Term Insurance products are offered by each key player?
- What is the social media following for each key market players?
Who Is This Report for?
This report is for people who already are actively working on this market, representatives of producers, distributors, importers, exporters, wholesalers, retailers, suppliers:
- Industry C Level Executives
- Directors
- Industry Strategists
- Marketing Professionals
- Market Research and Intelligence Managers
- Business Development Professionals
- Product Developers
- Product Marketers and Strategists
- Product Managers
- Project Managers
- Suppliers
- Traders
Categories/Products Coverage
This report covers the following categories:
The Long-Term Insurance market is segmented into Primary-, Reinsurers-, and Cell Captive Insurers. This report includes Long-Term Insurance products, including Accidental Death, Critical/ Severe Illness Cover, Disability Cover, Education Cover, Expense/Debt Protector Cover (e.g. debt, expenses, loans), Funeral Cover, Impairment Cover, Income Protector, Life Insurance, Terminal Illness Benefit, and Retirement Annuity.
Table of Contents
EXECUTIVE SUMMARY
1. GLOBAL LONG-TERM INSURANCE INDUSTRY
2. SOUTH AFRICAN LONG-TERM INSURANCE INDUSTRY
3. SOUTH AFRICAN LONG-TERM INSURANCE COMPETITOR ANALYSIS
Executive Summary
The global Long-Term (Life) Insurance market was hit hard in 2020, declining by 4.4% in terms of value, with advanced global markets bearing the brunt of this decline. However, positively, the market was expected to rebound strongly in both 2021 and 2022, with predicted growth rates of 3.8% and 4.0%, respectively. This recovery is expected to be fuelled by the InsurTech sector, the growth of which has been accelerated by the COVID-19 pandemic, and the resulting need for innovation to cater to rapidly shifting consumer expectations.Within the South African context, well-established, traditional Long-Term (Life) Insurance players are increasingly collaborating and partnering with InsurTech firms, in order to offer personalised and innovative products to recapture consumer interest. These collaborations have also allowed insurers to become more responsive and transparent in their transactions with customers, through the creation of tailored, flexible insurance offerings.
Companies Mentioned
- Absa Life Limited
- Capitec Bank
- First National Bank (FNB) Life
- Nedgroup Life
- Standard Insurance Limited
- 10X Investments
- 1Life
- African Rainbow Life and Safrican
- Assupol Life Ltd
- AVBOB
- Clientèle Limited Group
- Discovery Life
- Hollard Life Assurance
- Just SA
- Liberty
- Momentum Metropolitan Holdings Limited (MMH)
- Old Mutual
- OUTsurance
- Professional Provident Society (PPS)
- Sanlam
- Woolworths
- Makro
- Miladys
- Mr Price Money
- Telkom
- The Foschini Group (TFG)
- Ackermans
- Jet
- Pep
- Pick n Pay
- Truworths
- Checkers
- Shoprite
- Clicks
- MTN
- Vodacom
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 134 |
| Published | January 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 1.5 Billion |
| Forecasted Market Value ( USD | $ 11.9 Billion |
| Compound Annual Growth Rate | 34.4% |
| Regions Covered | South Africa |
| No. of Companies Mentioned | 36 |
