South Africa Burial Insurance Market Size & Outlook
South Africa burial insurance market, 2018-2030 (US$M)
Related Markets
South Africa burial insurance market highlights
- The South Africa burial insurance market generated a revenue of USD 3.2 million in 2022 and is expected to reach USD 5.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, modified or graded death benefit was the largest revenue generating type in 2022.
- Level Death Benefit is the most lucrative type segment registering the fastest growth during the forecast period.
Burial insurance market data book summary
| Market revenue in 2022 | USD 3.2 million |
| Market revenue in 2030 | USD 5.3 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Modified or graded death benefit |
| Fastest growing segment | Level Death Benefit |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Level Death Benefit, Guaranteed Acceptance, Modified or Graded Death Benefit |
| Key market players worldwide | Zurich Insurance Group AG, Globe Life Inc, Assicurazioni Generali, Foresters Financial Services, Royal Neighbors of America, Gerber Life Insurance Company, Mutual Of Omaha, Fidelity National Financial Inc, Colonial Penn Life Insurance, Baltimore Life Insurance Company |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% of the global burial insurance market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa burial insurance market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5.3 million by 2030.
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Burial Insurance Market Scope
Burial Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa burial insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to burial insurance market will help companies and investors design strategic landscapes.
Modified or graded death benefit was the largest segment with a revenue share of 46.88% in 2022. Horizon Databook has segmented the South Africa burial insurance market based on level death benefit, guaranteed acceptance, modified or graded death benefit covering the revenue growth of each sub-segment from 2018 to 2030.
- South Africa Burial Insurance Type Outlook (Revenue, USD Million, 2018-2030)
- Level Death Benefit
- Guaranteed Acceptance
- Modified or Graded Death Benefit
- South Africa Burial Insurance End Use Outlook (Revenue, USD Million, 2018-2030)
- Over 50
- Over 60
- Over 70
- Over 80
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Target buyers of South Africa burial insurance market databook
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Our clientele includes a mix of burial insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa burial insurance market , including forecasts for subscribers. This country databook contains high-level insights into South Africa burial insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa burial insurance market size, by type, 2018-2030 (US$M)
South Africa Burial Insurance Market Outlook Share, 2022 & 2030 (US$M)
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