Life Insurance in Kuwait, Forecast, and Opportunity Assessment 2019
Synopsis
Timetric’s 'Life Insurance in Kuwait Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Kuwaiti life insurance segment, and a comparison of the Kuwaiti insurance industry with its regional counterparts.
Timetric’s 'Life Insurance in Kuwait Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Kuwaiti life insurance segment, and a comparison of the Kuwaiti insurance industry with its regional counterparts.
It provides key performance indicators such as written
premium, incurred loss, loss ratio, commissions and expenses, total assets,
total investment income and retentions during the review period (2010–2014) and
forecast period (2014–2019).
The report also analyzes distribution channels operating in
the segment, gives a comprehensive overview of the Kuwaiti economy and
demographics, and provides detailed information on the competitive landscape in
the country.
The report brings together Timetric’s research, modeling and
analysis expertise, giving insurers access to information on segment dynamics
and competitive advantages, and profiles of insurers operating in the country.
The report also includes details of insurance regulations, and recent changes
in the regulatory structure.
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Summary
Timetric’s 'Life Insurance in Kuwait Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Kuwaiti life insurance segment, including:
Timetric’s 'Life Insurance in Kuwait Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Kuwaiti life insurance segment, including:
• An overview of the Kuwaiti life insurance segment
• The Kuwaiti life insurance segment’s growth prospects by
category
• A comprehensive overview of the Kuwaiti economy and
demographics
• A comparison of the Kuwaiti life insurance segment with its
regional counterparts
• The various distribution channels in the Kuwaiti life
insurance segment
• Details of the competitive landscape in the life insurance
segment in Kuwait
• Details of regulatory policy applicable to the Kuwaiti
insurance industry
Scope
This report provides a comprehensive analysis of the life insurance segment in Kuwait:
This report provides a comprehensive analysis of the life insurance segment in Kuwait:
• It provides historical values for the Kuwaiti life
insurance segment for the report’s 2010–2014 review period, and projected
figures for the 2014–2019 forecast period.
• It offers a detailed analysis of the key categories in the
Kuwaiti life insurance segment, and market forecasts to 2019.
• It provides a comparison of the Kuwaiti life insurance
segment with its regional counterparts
• It analyzes the various distribution channels for life
insurance products in Kuwait.
• It profiles the top life 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 life insurance segment, and each category within it.
• Make strategic business decisions using in-depth historic and forecast market data related to the Kuwaiti life insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and
growth opportunities in the Kuwaiti life insurance segment.
• Assess the competitive dynamics in the life insurance
segment.
• Identify growth opportunities and market dynamics in key
product categories.
• Gain insights into key regulations governing the Kuwaiti
insurance industry, and their impact on companies and the industry's future.
Key
Highlights
• The Kuwaiti life insurance segment posted a review-period compound annual growth rate (CAGR) of 44.5%, driven by the country’s economic expansion, elderly population, rising life expectancy and the dominance of the term life category.
• The Kuwaiti life insurance segment posted a review-period compound annual growth rate (CAGR) of 44.5%, driven by the country’s economic expansion, elderly population, rising life expectancy and the dominance of the term life category.
• The term life category accounted for 52.4% of the segment’s
gross written premium in 2014.
• The government has been open to FDI since 2001, allowing
foreign entities to own up to 100% of a commercial entity if the investment is
made in the areas of insurance, infrastructure, housing, hospital,
entertainment and tourism.
• The life segment is highly competitive, with the presence
of domestic and foreign insurers.
• Kuwait’s aging population was a significant growth driver
for the life insurance segment during the review period, a trend which is
expected to persist over the forecast period.
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Life Insurance Growth Prospects by Category
4.3 Individual Life Insurance
5 Analysis by Distribution Channel
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Kuwaiti Life Insurance Segment
6.2.1 Gulf Insurance and Reinsurance Company – company overview
6.2.2 Al Ahleia Insurance Company SAK – company overview
6.2.3 Kuwait Insurance Company SAK – company overview
6.2.4 Enaya Insurance Company – company overview
6.2.5 Warba Insurance Company – company overview
7 Governance, Risk and Compliance
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Life Insurance Growth Prospects by Category
4.3 Individual Life Insurance
5 Analysis by Distribution Channel
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Kuwaiti Life Insurance Segment
6.2.1 Gulf Insurance and Reinsurance Company – company overview
6.2.2 Al Ahleia Insurance Company SAK – company overview
6.2.3 Kuwait Insurance Company SAK – company overview
6.2.4 Enaya Insurance Company – company overview
6.2.5 Warba Insurance Company – company overview
7 Governance, Risk and Compliance
Continued
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