The Insurance Industry In Kuwait, Key Trends And Opportunities To 2017

By Author: Bharat Book Bureau
Total Articles: 1486
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Synopsis

The report provides in depth market analysis, information and insights into the insurance industry in Kuwait, including:
• The Kuwaiti insurance industry’s growth prospects by insurance segments and categories
• The competitive landscape in the Kuwaiti insurance industry
• The current trends and drivers of the Kuwait insurance industry
• The challenges facing the Kuwait insurance industry
• The regulatory framework of the Kuwait insurance industry

Summary

Rises in oil revenues, increased government investment on infrastructure projects and a steadily increasing population are supporting the growth of the insurance industry in the country. The Kuwaiti insurance industry has the lowest insurance penetration rate in the Gulf Cooperation Council (GCC) region. The industry is highly competitive with 34 insurance companies providing insurance services to a population of 3.8 million people. Like other countries in the GCC region, the non-life segment dominates the insurance industry. The majority of Kuwaiti insurance company operations are concentrated in the ...
... domestic market with no major geographic diversification. In Kuwait, insurance companies cede a larger percentage of their gross written premium to reinsurers than other companies in the international market. http://www.bharatbook.com/insurance-market-research-reports/the-insurance-industry-in-kuwait-key-trends-and-opportunities-to-2017.html

Scope

This report provides a comprehensive analysis of the insurance industry in Kuwait:
• It provides historical values for the Kuwaiti insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
• It offers a detailed analysis of the key segments and categories in the Kuwaiti insurance industry, along with industry forecasts until 2017
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
• It profiles the top insurance companies in Kuwait and outlines the key regulations affecting them

Reasons To Buy

• Make strategic business decisions using in depth historic and forecast industry data related to the Kuwaiti insurance industry and each segment within it
• Assess the competitive dynamics in the Kuwaiti insurance industry
• Understand the demand-side dynamics, key market trends and growth opportunities within the Kuwaiti insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Kuwaiti insurance industry and its impact on companies and the industry's future

Key Highlights

• The Kuwaiti insurance industry has the lowest penetration rate out of the six Gulf Cooperation Council (GCC) countries
• Low penetration, coupled with sound economic fundamentals, has attracted several new companies to the Kuwaiti market during the past decade which in turn has intensified competition
• In order to strengthen the regulatory mechanism, the Ministry of Commerce and Industry (MOCI), raised the minimum capital requirements for composite insurers and reinsurers in 2011
• The distribution network is dominated by conventional distribution channels such as agencies, brokers and direct marketing
• The growing demand for Takaful insurance products is posing a challenge to the conventional insurance industry
Table of Contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Kuwaiti Insurance Industry Overview
3.1 Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Regulation
4 Kuwaiti Life Insurance Segment
4.1 Life Insurance Growth Prospects
5 Kuwaiti Non-Life Insurance Segment
5.1 Non-Life Insurance Growth Prospects
5.1.1 Property insurance category
5.1.2 Fire and allied perils insurance sub-category
5.1.3 Engineering insurance sub-category
5.1.4 Other property sub-category
5.2 Motor insurance category
5.2.1 Motor hull sub-category
5.2.2 Motor third party sub-category
5.3 General third party category
5.4 Marine, aviation and transit category
5.4.1 Marine sub-category
5.4.2 Aviation sub-category
5.4.3 Transit sub-category

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The Insurance Industry in Kuwait, Key Trends and Opportunities to 2017
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The Insurance Industry in Kuwait, Key Trends and Opportunities to 2017.