Personal Accident and Health Insurance in Kuwait, Key Trends and
Opportunities to 2017: Order
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Synopsis
The report
provides in depth market analysis, information and insights into the Kuwaiti
personal accident and health insurance segment, including:
- The Kuwaiti personal accident and health insurance segment's growth prospects by insurance categories
- Key trends and drivers for the personal accident and health insurance segment
- The various distribution channels in the Kuwaiti personal accident and health insurance segment
- The detailed competitive landscape in the personal accident and health insurance segment in Kuwait
- Detailed regulatory policies of the Kuwaiti insurance industry
- A description of the personal accident and health reinsurance segment in Kuwait
- Porter's Five Forces analysis of the personal accident and health insurance segment
- A benchmarking section on the Kuwaiti life insurance segment in comparison with other countries in the Middle-East region
Summary
The personal
accident and health insurance segment was the second-largest segment in the
Kuwaiti insurance industry in 2012, accounting for 19.7% of total industry
premiums. The segment's value increased during the review period (2008-2012) at
a compound annual growth rate (CAGR) of 17.9% . Health insurance accounted for
the largest share of the segment's written premiums in 2012 with 74.4%.
Insurance brokers and agencies were the main channels of distribution in 2012,
accounting for 51.5% and 39.0% of the written premium new business
respectively. The segment is expected to retain its position as the
second-largest segment over the forecast period (2012-2017). It will be
supported by the country's rising healthcare expenditure and improving consumer
awareness regarding the benefits of personal accident and health insurance.
Scope
This report
provides a comprehensive analysis of the personal accident and health insurance
segment in Kuwait:
- It provides historical values for the Kuwaiti personal accident and health insurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period.
- It offers a detailed analysis of the key sub-segments in Kuwaiti personal accident and health insurance segment, along with market forecasts until 2017.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
- It analyses the various distribution channels for personal accident and health insurance products in Kuwait.
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Kuwait for the personal accident and health insurance segment.
- It provides a detailed analysis of the reinsurance segment in Kuwait and its growth prospects.
- It profiles the top personal accident and health insurance companies in Kuwait and outlines the key regulations affecting them.
Reasons To Buy
- Make strategic business decisions using in depth historic and forecast market data related to the Kuwaiti personal accident and health insurance segment and each category within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Kuwaiti personal accident and health insurance segment
- Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the Kuwaiti insurance segment and its impact on companies and the market's future
Key Highlights
- The personal accident and health insurance segment was the second-largest segment in the Kuwaiti insurance industry in 2012, accounting for 19.7% of total industry premiums
- Low penetration provides opportunities for insurers to access the untapped personal accident and health segment
- The segment ceded 55.2% of its gross written premium to reinsurers in 2012, the highest percentage ceded among the three segments
- The personal accident and health insurance segment contains both domestic and foreign insurers
- There are 34 companies in the country, of which 23 are national and 11 are foreign
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 The Middle East Region Market Dynamics
3.1 Overview
3.1.1 Market Trends
3.1.2 Market Size
4 Personal Accident and Health Insurance - Regional Benchmarking
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