This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Commercial Non-Life Insurance Brokers In South Africa


What is this report about?

The focus is uniquely on commercial non-life insurance, excluding other types of business... ...and on brokerage, even where intermediaries can act as both agents and brokers.

Rationale Methodology Research program Market data analysis Definitions Premiums Abbreviations BrokerBASE Finaccord



Regulatory information

Insurance intermediaries are facing important regulatory changes

Three separate bodies joined in 2008 to form the Financial Intermediaries Association

Commercial non-life insurance market

Premiums registered reasonable growth in nominal and real terms between 2008 and 2012... ...with commercial liability insurance outperforming other segments

Commercial non-life insurance brokers

Overview of brokers' presence in the distribution of commercial non-life insurance

Brokers are the dominant distribution channel for commercial non-life insurance in South Africa

Commercial non-life insurance is the biggest source of income for most of the larger brokers... ... although the revenue mix for bank-owned brokers is more oriented to personal lines

Competitor trends and specialisms

The largest three brokers control more than a third of commercial non-life broking revenues

Key acquisitions in recent years have made Aon the largest commercial broker in South Africa... ...while the takeover of Alexander Forbes Risk Services will push Marsh to become Aon's largest rival

Indwe Risk Services intends to increase its proportion of revenues from commercial clients... ...while the major banks also offer insurance broking to their business customers

PSG Konsult grew its business in 2011 through the acquisition of Pleroma Willis has a strong focus on very large corporations and the public sector

Brokers' distribution strategies

Only one of the top 30 brokers advertises itself as a regional specialist... ...although brokers promoting product specialisms are more widespread

SATIB Insurance Brokers specialises in working for tourism and leisure companies

Thus far, none of the top 30 brokers has started selling commercial insurance via the internet

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs