Page 142 - MC14326 all pages
P. 142
138 | The South African Insurance Industry Survey 2016
Munich Re and Hannover Re1 remain the dominant players in the local reinsurance Some of these movements are a direct result of reinsurers reviewing their
industry. For 2014 and 2015 they had a combined market share of more than 60% portfolio of treaties and cedants and offloading non-performing business.
as measured by GWP volumes. The market share distribution across reinsurers
remained consistent between 2014 and 2015, with the exception of Hannover Re Below we illustrate market share in terms of GWP for life and non-life reinsurers
losing market share and Scor and Munich Re gaining market share. separately.
Non-life
SCOR RE 500,00 1 000,00 1 500,00 2 000,00 2 500,00 3 000,00 3 500,00
AFRICAN RE Millions
GENERAL RE
HANNOVER RE
MUNICH RE
OTHER SA
2014
2015
ยน For the purposes of overall market performance, Hannover Reinsurance Africa Limited and Hannover Life Reassurance Africa have been combined to make the results comparable to the composite licenses.
