Kenya Insurance Report Q1 2015

Business Monitor International
December 10, 2014
79 Pages - SKU: BMI5405780
Countries covered: Kenya

Kenya Insurance Report Q1 2015

BMI View: The outlook for Kenya's insurance market is increasingly positive, with substantial growthreported across a range of life and non-life insurance products in recent months. With healthy economicgrowth forecast for the next few years and private financial consumption increasingly steadily, we expect tosee double digit premium growth throughout the forecast period through to 2018. As the market maturesand develops, we expect to see more global players enter the field and a process of market consolidation.

There are some significant challenges facing the insurance market in Kenya. Much of the population livesbelow the poverty line and there is little awareness of, or appetite for, long-term investment or savingsproducts which restricts potential growth in the life sector. The launch of a revised mandatory state pensionsystem in mid-2014 may go some way towards educating the public as to the benefits of pension planning,and as economic growth fuels private financial consumption we expect to see the life insurance marketincrease over the next few years.



More Property & Casualty reports by Business Monitor International

Ukraine Insurance Report Q1 2015 by Business Monitor International
Ukraine Insurance Report Q1 2015BMI View: The situation of Ukraine's insurance sector has deteriorated over the last year. The prospectsremain bleak.The assessment and transfer of ...
Namibia Insurance Report Q1 2015 by Business Monitor International
Namibia Insurance Report Q1 2015BMI View: Namibia's insurance market is expanding rapidly, with both life and non-life expected to showrobust double digit growth in terms ...
Turkey Insurance Report Q1 2015 by Business Monitor International
Turkey Insurance Report Q1 2015BMI View: Turkey's insurance sector is unlikely to realise its full potential until the structural impedimentsto the growth of life insurance ...
Slovenia Insurance Report Q1 2015 by Business Monitor International
Slovenia Insurance Report Q1 2015BMI View: In line with various recent and anticipated developments in Slovenia's insurance industry, weforesee both life and non-life insurance segments ...
See all reports like this >>

More Kenya Property & Casualty reports

The Insurance Industry in Kenya, Key Trends and Opportunities to 2018 by Timetric
The Insurance Industry in Kenya, Key Trends and Opportunities to 2018SynopsisThe report provides in-depth industry analysis, information and insights into the insurance industry in Kenya, ...
Insurance Report - Kenya Q4 2014 by Business Monitor International
Insurance Report - Kenya Q4 2014BMI View: As of late 2014, the latest news from Kenya's dynamic and resilient insurance sector confirmsour optimistic view. Premium ...
Bancassurance in Kenya: Current State and Future Perspectives to 2020 by Finaccord Ltd.
Bancassurance in Kenya: Current State and Future Perspectives to 2020 Finaccord’s report titled Bancassurance in Kenya: Current State and Future Perspectives to 2020, plus the ...
Kenya Non life Insurance: Market Update by Timetric
Kenya Non life Insurance: Market UpdateSynopsisThe report presents detailed data on market growth dynamics for the non life insurance market in Kenya. It also provides ...
See all reports like this >>

 

SELECT A LICENSE

    Report with 3 quarterly updates  USD 1,295  
    Report with 3 quarterly updates
3 User License
  USD 1,945  
    Report with 3 quarterly updates
5 User License
  USD 2,500  
    Report with 3 quarterly updates
Departmental/Site License
  USD 2,995  
    Global Site License Fulfilled by Publisher  USD 6,995  
 
US: 800.298.5699
Int'l: +1.240.747.3093
 

Share this report


    Other tasks

     
     
    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!