Friday, 19 April 2019
BREAKING NEWS

The Life Insurance Industry Including Reinsurance in South Africa, 2019 Market Report – GlobeNewswire

Dublin, Feb. 07, 2019 (GLOBE NEWSWIRE) — The “The Life Insurance Industry Including Reinsurance in South Africa 2019” report has been added to ResearchAndMarkets.com’s offering.
This report provides a comprehensive overview of the insurance and reinsurance sector in South Africa and on the continent with industry statistics largely covering 2017. There are detailed profiles of 43 companies including major insurers Old Mutual, MMI, Liberty and Sanlam, direct life insurers such as Clientle Life, 1Life and OUTsurance and reinsurers such as Munich Re and Swiss Re.The Life Insurance Industry Including Reinsurance: With total assets of R3.1-trillion at 30 September 2018, South Africa’s life insurance industry is the largest on the African continent. The industry contributed R469bn to the local economy through total benefit payments to policyholders and beneficiaries during 2017. Individual benefits, amounting to R207.5bn, showed minimal year-on-year growth, but the increase in critical illness and murders in South Africa are a potential driver of future increases in benefits paid. Death claims, which made up 78.5% of risk claims, decreased by 1.2% over the 12-months to 30 June 2018.Key Topics Covered:
1. IntroductionAppendix 1 – Summary Of Notable PlayersAppendix 2 – Classes and Sub-Classes of Insurance Business for Life Insurance under Schedule 2 of the Insurance Act, 2017
Companies Mentioned
1 Life Insurance (RF) Ltd3Sixty Life LtdAbsa Life LtdAfrican Unity Life LtdAIG Life South Africa LtdAlexander Forbes Investments LtdAlexander Forbes Life LtdAllan Gray Life LtdAssupol Life LtdAVBOB Mutual Assurance SocietyBidvest Life LtdBophelo Life Insurance LtdBrightRock Life LtdClientele Life Assurance Company LtdCoronation Life Assurance Company LtdDiscovery Life LtdFedgroup Life LtdGeneral Reinsurance Africa LtdGIC Re South Africa LtdGuardrisk Life LtdHannover Reinsurance Group Africa (Pty) LtdHollard Life Assurance Company LtdHollard Specialist Life LtdLand Bank Life Insurance Company SOC LtdLiberty Holdings LtdLion of Africa Life Assurance Company LtdMMI Group LtdMunich Reinsurance Company of Africa LtdNedgroup Life Assurance Company LtdNedgroup Structured Life LtdOld Mutual Life Assurance Company (South Africa) LtdOUTsurance Life Insurance Company LtdProfessional Provident Society Insurance Company LtdPrudential Portfolio Managers (South Africa) Life LtdPSG Konsult LtdRand Mutual Assurance Company Ltd (The)RGA Reinsurance Company of South Africa LtdSanlam Life Insurance LtdSCOR Africa LtdStandard General Insurance Company Ltd (The)Strategic Investment Service Life Company LtdSwiss Re Africa LtdSygnia Life LtdFor more information about this report visit https://www.researchandmarkets.com/research/hnldhz/the_life?w=12Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Related Topics: Life Insurance, Reinsurance
Source: https://globenewswire.com/news-release/2019/02/07/1712425/0/en/The-Life-Insurance-Industry-Including-Reinsurance-in-South-Africa-2019-Market-Report.html

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