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"Personal Accident and Health Insurance in Kuwait, Key Trends and Opportunities to 2017" Is Now Available at Fast Market Research

Recently published research from Timetric, "Personal Accident and Health Insurance in Kuwait, Key Trends and Opportunities to 2017", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 05/21/2014 -- 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.

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Report 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

Report 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 Get this Report

Companies Mentioned in this Report: Gulf Insurance Company, Kuwait Insurance Company SAK, Warba Insurance Company, Al Ahleia Insurance Company SAK, Enaya Insurance Company

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