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The Life Insurance Industry Including Reinsurance in South Africa, 2019 Market Report | ![]() |
Thursday, 07. February 2019 18:11 |
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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. Introduction Appendix 1 - Summary Of Notable Players Appendix 2 - Classes and Sub-Classes of Insurance Business for Life Insurance under Schedule 2 of the Insurance Act, 2017 Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/research/hnldhz/the_life?w=12 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Life Insurance, Reinsurance |
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