Personal Accident and Health Insurance in Kuwait, Key Trends and Opportunities to 2018


#285830

195pages

Timetric

$ 1950

In Stock

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the Kuwait, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Kuwaiti personal accident and health insurance segment, including:
  • The Kuwaiti personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • The various distribution channels in the Kuwaiti personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Kuwait
  • Detailed regulatory policies of the Kuwaiti insurance industry
  • Analysis of various consumer segments in Kuwaiti personal accident and health insurance
  • Key developments in the Kuwaiti personal accident and health insurance segment
  • New Product development by Kuwaiti personal accident and health insurers

Executive summary

Timetric’s 'Personal Accident and Health Insurance in the Kuwait, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Kuwaiti personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, 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 regulatory structure.

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 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Kuwaiti personal accident and health insurance segment, along with market forecasts until 2018.
  • 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.
  • It profiles the top personal accident and health insurance companies in Kuwait and outlines the key regulations affecting them.

Key highlights

  • The personal health and accident segment was the second-largest segment in the Kuwaiti insurance industry in 2013, accounting for 22.5% of the industry’s gross written premium.
  • The government rolled out the privatization of healthcare as part of a five year development plan (2010–2014).
  • Rising healthcare expenditure played a significant role in driving the demand for personal accident and health insurance during the review period.
  • In May 2014, the Kuwaiti parliament’s legislative committee accepted the proposal of implementing compulsory health insurance for visitors.
  • In June 2014, the Kuwaiti National Assembly approved the health insurance scheme for retirees. 
  • Health insurance was the largest category within the segment during the review period, in terms of gross written premium.

Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Kuwaiti personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Kuwaiti personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify the 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.