MarketResearchReports.biz has recently announced the addition of a market study “ Non-Life Insurance in Kuwait, Key Trends and Opportunities to 2019 ”, is a comparative analysis of the global market.
Timetrics 'Non-Life Insurance in Kuwait Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Kuwaiti non-life insurance segment, and a comparison of the Kuwaiti insurance industry with its regional counterparts.
It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20102014) and forecast period (20142019).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Kuwaiti economy and demographics, explains the various types of natural hazard and their impact on the Kuwaiti insurance industry, and provides detailed information on the competitive landscape in the country.
The report brings together Timetrics 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.
Timetrics 'Non-Life Insurance in Kuwait Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Kuwaiti non-life insurance segment, including:
The Kuwaiti non-life segments detailed outlook by product category
A comprehensive overview of the Kuwaiti economy and demographics
A comparison of the Kuwaiti non-life insurance segment with its regional counterparts
The various distribution channels in the Kuwaiti non-life insurance segment
Detailed analysis of natural hazards and their impact on the Kuwaiti insurance industry
Details of the competitive landscape in the non-life insurance segment in Kuwait
Details of regulatory policy applicable to the Kuwaiti insurance industry
This report provides a comprehensive analysis of the non-life insurance segment in Kuwait:
It provides historical values for the Kuwaiti non-life insurance segment for the reports 20102014 review period, and projected figures for the 20142019 forecast period.
It offers a detailed analysis of the key categories in the Kuwaiti non-life insurance segment, and market forecasts to 2019.
It provides a comparison of the Kuwaiti non-life insurance segment with its regional counterparts
It analyzes the various distribution channels for non-life insurance products in Kuwait.
It analyzes various natural hazards and their impact on the Kuwaiti insurance industry
It profiles the top non-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 non-life insurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Kuwaiti non-life insurance segment.
Assess the competitive dynamics in the non-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.
Property insurance was the second-largest category in terms of gross premium, and accounted for 42.1% of the non-life gross written premium in 2014.
An increase in construction activity in Kuwait drove demand in the non-life segment during the review period, and this trend is expected to continue over the forecast period.
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 industries such as insurance, infrastructure, housing, hospitals, entertainment and tourism.
The Kuwaiti Ministry of Commerce and Industry has outlined the minimum capital requirements for insurers and reinsurers operating in the country, in a move to ensure insurers financial stability and protect consumer interests.
Motor insurance was the largest non-life category, accounting for 44.4% of the segments gross written premium in 2014.
In March 2016, the Kuwaiti government directed the Ministry of Health to make professional liability insurance for medical errors mandatory in the country.