Strategic and Emerging Issues in South African Insurance
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General segment: Santam Mutual & Federal Hollard Zurich Outsurance Auto & General Regent Constantia Lloyd’s AIG (SA) Lion of Africa Compass New National Dial Direct Renasa Alexander Forbes Momentum Short-term Safire RMB Specialised Lines Unity Global Resolution Total % Cell Captive segment: Guardrisk Centriq Escap Mut & Fed Risk Zurich Risk Indequity Absa Risk Total % Specialist segment: RMB Structured Relyant
Short name
44.2 15.7 2.7 36.2 1.2
100.0
100.0
35.9 5.3
23.0 7.8
0.5 100.0
0.0 0.0 0.0
9.3 0.1 25.4 3.5 1.9 3.4 1.4
21.3 8.8 12.0 12.1 0.3
0.1 1.0
42.0 39.6 5.5 2.3 9.5 0.8 0.3 100.0
0.2 0.1 0.0 100.0
24.2 17.2 12.8 9.5 9.5 9.8 7.1 1.3 0.7 0.5 1.5 0.7 1.8 1.9 0.6 0.2 0.2 0.1
Transportation Motor % %
40.3 12.6 23.9 22.2 0.8 0.3
0.0 100.0
0.0
33.2 27.9 7.8 10.1 7.1 1.6 0.7 0.0 1.9 3.0 2.2 2.6 0.6 0.4 0.3 0.2 0.1 0.2
Property %
46.8 23.3 14.3 10.6 4.6 0.3 0.1 100.0
26.6 18.5 10.7 9.5 6.9 5.4 4.5 3.9 3.8 3.1 1.8 1.6 1.3 1.1 0.5 0.2 0.2 0.1 0.1 0.1 0.0 0.0 100.0
Total %
Short-term insurance: individual market share: primary market Percentage share of gross premiums written in the segment
0.0 24.9
100.0
74.3 12.0 3.0 2.1 8.7 0.0
0.1 100.0
3.2 0.0 0.0
18.9 10.5 14.2 4.6 0.1 0.8 4.2 15.7 11.2 14.5 0.4 1.1 0.2 0.2
100.0
49.5
24.0 (46.1) 72.6
1.6 100.0
0.9
3.9
1.6
7.5 1.0 16.2 0.5 5.4 0.0 4.0 4.1 1.8 51.5 0.0
Accident and Guarantee health % %
100.0
25.7 28.8 37.1 4.2 4.1
57.0 7.0 2.8 4.6 0.3 0.0 2.4 0.2 14.5 7.6 0.9 2.3 0.3 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 100.0
Liability %
100.0
1.8
71.1 5.3 21.8
100.0
0.0 2.3
0.4 3.9 7.0 3.6 1.0
4.7
24.8 19.2 10.2 22.8
Engineering %
36.5 10.7
100.0
0.1
56.1 35.9 7.9
100.0
0.0
2.3 3.0 0.7 48.0 16.0 11.0 0.3 0.9 2.2 0.7 0.9 0.0
1.1 1.3 11.6
1,618,924 549,412
2,743,363 1,367,312 838,335 624,236 272,087 16,254 3,770
11,134,807 7,721,670 4,477,837 3,964,136 2,892,322 2,266,493 1,884,575 1,640,628 1,576,462 1,280,240 770,242 668,123 547,116 461,549 193,462 85,678 67,064 49,009 45,898 44,465 20,473 15,533
Total gross Miscellaneous premiums written % (a) R.’000
2.7 0.9
4.6 2.3 1.4 1.0 0.5 0.0 0.0
18.7 12.9 7.5 6.6 4.8 3.8 3.2 2.7 2.6 2.1 1.3 1.1 0.9 0.8 0.3 0.1 0.1 0.1 0.1 0.1 0.0 0.0
2007 Share of total primary market (a) %