Released on: August 7, 2008, 4:32 am

Press Release Author: Shushmul Maheshwari

Industry: Financial

Press Release Summary: RNCOS has recently added a new Market Research Report titled,
“South African Insurance Industry Forecast till 2012” to its report
gallery. The report provides extensive research and in-depth analysis of the
insurance sector in South Africa.



Press Release Body: RNCOS has recently added a new Market Research Report titled,
“South African Insurance Industry Forecast till 2012” to its report
gallery. The report provides extensive research and in-depth analysis of the
insurance sector in South Africa.

This report will help the client to evaluate the leading-edge opportunities critical
to the success of the insurance industry in the country. Detailed analysis
supplemented with data will help in examining the evolving South African insurance
market.

The forecast given in this report is not based on a complex economic model, but is
intended as a rough guide to the direction in which the market is likely to move.
This forecast is based on a correlation between past market growth and growth of
base drivers.

Following conversions have been used in the report at the exchange rate of given years:
1 ZAR = US$ 0.157603171 (As on December 31, 2005)
1 ZAR = US$ 0.1418701321 (As on December 31, 2006)
1 ZAR = US$ 0.157424855 (As on September 30, 2005)

Key Findings

- By net premium, the South African long-term and short-term insurance market is
expected to grow at the CAGR of nearly 12% and 17% respectively for the period
2007-2012.
- South African reinsurance market is expected to grow at a CAGR of 12% during
2007-2012 attributed to increasing natural disasters like earthquakes, floods etc.
- Motor and property insurance accounted for over three-fourth of the total
short-term insurance market by net premium.
- Homeowner and motor insurance is anticipated to emerge as big opportunity areas
for the South African insurance market.
- Material non-disclosure and misrepresentation to continue to be responsible for
the highest number of fraud cases.

Key Issues & Facts

- Which factors will lead to the growth of long-term and short-term insurance in
South Africa?
- What are the emerging opportunities and challenges for the industry players?
- What are the most prospective areas for investment in the insurance sector in near
future?
- What are the driving forces for the South African insurance industry?
- Who are the key players in the South African insurance market?

Key Players

This section talks about the key players operating in the South Africa insurance
industry, including Santam Limited, Mutual & Federal Insurance Company Limited,
Hollard Insurance and Guardrisk under Short-term Insurers. Old Mutual South Africa,
Sanlam Limited and Liberty Group Limited under Long-term Insurers.

Research Methodology Used

Information Sources
Information has been sourced from books, newspapers, trade journals, and white
papers, industry portals, government agencies, trade associations, monitoring
industry news and developments, and through access to over 3000 paid databases.

Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, and linear
regression analysis using software tools, judgmental forecasting, and cause and
effect analysis.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://rncos.com/Report/IM580.htm
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