The South African reinsurance segment grew steadily during the review period (2007–2011) due to the strong growth in South Africa's non-life and personal accident and health insurance segments. For reinsurance companies, South Africa provided 39% of total gross premiums from the African continent in 2010, an increase from the 32% recorded in 2008.
South African insurers are seeking the services of reinsurers and alternative risk transfer products to mitigate the risks associated with advanced insurance products such as medical coverage for HIV infections. There were seven reinsurance companies registered in South Africa during the review period. The seven South African reinsurers are Munich Re, Hannover Re, African Re, Hannover Life Re, General Re, Scor Re and SaXum Re.Report Scope
This report provides a comprehensive analysis of the reinsurance market in South Africa:
• It provides historical values for South Africa's reinsurance market for the report's 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in South Africa's reinsurance market, along with market forecasts until 2016
• It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in South Africa and its growth prospects
• It profiles the top reinsurance companies in South Africa
Click for Report details:Reinsurance in South Africa, Key Trends and Opportunities to 2016: Innovative Insurance Products to Drive the Reinsurance Market