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  • South African short term insurance is promising

     

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  • The South African short term insurance industry is still largely untapped, and hopes that, at an average annual growth of about 11% growth from 2009 to 2013, said: "South African Insurance Industry Forecast to 2013 "A new report by RNCOS research. Currently, there are only about 2.5 million South Africans have short-term insurance, which represents less than one quarter of the population.

    With the alarming increase in road deaths and high medical expenses, accident and health insurance is a common need for any stay in South Africa. People are willing to buy accident and health insurance to avoid financial losses due to disease or accidents. The latest available estimates, the cost of road accidents to individuals, businesses, communities and countries around ZAR 38 billion per year. In addition, a daily average of 36 people were killed. Including 15 pedestrians were killed and three others are in the taxi. Thus, there is ample room for growth in this segment of the insurance industry. The accident and net premiums of insurance is expected at an average annual growth of 25-30% from 2009 to 2013 growth.

    In addition, as all companies are exposed to the public one way or another, liability insurance is essential for any company operating in the country. With the risks of business growth and mass awareness programs, responsible for the net premium is expected that the annual growth rate by about 36% during the forecast period (2009-2013) to grow.

    "South African Insurance Industry Forecast 2013 is a comprehensive research report that includes the quality of research and detailed analysis of the insurance market in South Africa. It explores new market trends, recent developments and their impact on the market. The report helps clients to analyze the possibilities of high technology, potential customers, stakeholders, prospects and other factors in the success of a newcomer to the South African industry insurance is crucial.