(1888PressRelease)
November 19, 2006 - Insurance industry in South Africa expected to cross $42 billion in the near future
Mumbai, 17th October, 2006
The latest offering on the insurance industry in South Africa by Bharat Book Bureau titled “South Africa Insurance Industry Analysis (2006-2009)” provides information on the growing insurance industry, the services etc. The report helps to analyze the opportunities critical to the success of the insurance industry. Detailed data and analysis helps investors, financial service providers, and global banking players to navigate through the evolving insurance market in South Africa.
The report mentions some of the key findings like the major opportunities in the agricultural as well as motor insurance. The total insurance market including life and non-life is expected to cross over $ 42 Billion in the year 2010 with a growth rate of more than 6.4 % from the current year.
It is also mentioned that the agricultural sector has tremendous potential, investment wise as it contributes to 4% of the GDP. The main reason is increase in the number of crime rates, thefts as well as high death rates.
Some of the key facts and issues that have been evaluated are the demographic factors like death and birthrate that affect the insurance market, prospective areas of investments in the future, the factors that will lead to the growth of life as well as non-life insurance, the marketing strategies of the players in the industry.
The report provides latest news and developments in the insurance industry and information about the major players like Old Mutual Plc, Sanlam Limited, Liberty Group Limited, Investec Limited etc in life insurance and Santam Limited, Mutual & Federal Insurance Company Limited, Hollard Insurance Co Limited, South African Eagle Insurance Co. Limited etc in non-life insurance.
For more information visit: http://www.bharatbook.com/bookdetail.asp?bookid=25373&publisher=
