Emerging Trends and Strategic Issues in South African Insurance 2008

Insurance Survey 2008Welcome toPricewaterhouseCooper’s biannual survey on Emerging Trends and Strategic Issues in South African Insurance. This survey builds on our previous surveys, and our industry specialist group has ensured the contents provide an even more comprehensive overview of the issues and challenges facing the industry today.

The rate of premium growth in the South African insurance market considerably outstrips its counterparts in the rest of Africa. The South African industry accounts for 93% of Africa’s life premiums and more than half of non-life premiums.Since our last survey, the insurance industry has worked extensively on regaining consumer confidence after experiencing a period of negative publicity and recent statistics reveal a welcome increase in new business sales. This emphasises the success of the industry in reforming itself and winning back the faith of the South African consumer.

This survey gives insight into:
  • Market environment
  • Emerging issues
  • Restructuring
  • Regulation and governance
  • Information technology
  • Performance
  • Risk management and fraud
  • Peer review

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