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 Finaccord2.0 MARKET ANALYSIS Introduction 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
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV