Personal Accident and Health Insurance in Pakistan, Key Trends and Opportunities to 2016


#134791

193pages

Timetric

$ 1950

In Stock


Synopsis

The report provides in depth market analysis, information and insights into the Pakistan personal accident and health insurance market, including:

  • The Pakistan life insurance markets growth prospects by personal accident and health insurance categories and customer segments
  • The various distribution channels in the Pakistan personal accident and health insurance market
  • The competitive landscape in the Pakistan personal accident and health insurance market
  • A description of the personal accident and health reinsurance market in Pakistan

Summary

The personal accident and health insurance segment demonstrated a robust performance during the review period. The growth in the segment was driven by the positive economic outlook, rising healthcare expenditure in the country, increasing government initiatives and growing consumer awareness about the benefits of personal accident insurance. Improving macroeconomic fundamentals are expected to improve the income levels of Pakistanis, resulting in a rise in the volume of personal accident and health insurance products. The expansion and development of distribution networks across rural and urban areas of Pakistan have been the key focus of personal accident and health insurance companies. Insurance companies are adopting various distribution networks in order to reach out to the customer base.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance market in Pakistan:

  • It provides historical values for the Pakistan personal accident and health insurance market for the reports 20072011 review period and forecast figures for the 20122016 forecast period 
  • It offers a detailed analysis of the key sub-segments in the Pakistan personal accident and health insurance market, along with market forecasts until 2016
  • 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 insurance products in Pakistan
  • Using Porters industry-standard Five Forces analysis, it details the competitive landscape in Pakistan for personal accident and health insurance business
  • It provides a detailed analysis of the reinsurance market in Pakistan and its growth prospects
  • It profiles the top personal accident and health insurance companies in Pakistan 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 Pakistan personal accident and health insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Pakistan personal accident and health insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Pakistan insurance market and its impact on companies and the market's future

Key Highlights

  • The expansion and development of distribution networks across rural and urban areas of Pakistan has been the key focus of personal accident and health insurance companies. The insurance companies are adopting various distribution networks in order to reach out to the customer base. 
  • The inadequate public healthcare system, coupled with rising numbers of infectious diseases, is expected to increase the scope of private health insurance over the forecast period.
  • The country experienced a growing number of infectious diseases and the increasing cost of medical treatment made the treatment of diseases almost unaffordable for low income groups. These factors forced consumers to avail of private health insurance plans in order to avoid any financial liabilities due to illness. 
  • Investor-friendly FDI regulation, coupled with strong growth in the segment, is expected to encourage various international companies to enter the segment, intensifying competition over the forecast period. Moreover, solvency regulations for minimum capital requirements will advance the requirement for additional financing sources for the companies operating in the segment.
  • The personal accident and health insurance segment in Pakistan is highly concentrated. In order to enhance market share in the Pakistani personal accident and health insurance segment, many companies are expanding their business operations by acquiring stakes in other major companies.