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Kenya Insurance Report Q2 2016

Kenya Insurance Report Q2 2016

BMI View: We have a bullish outlook for the Kenyan insurance sector, with non-life insurance in particularexpected to record robust annual growth throughout our five-year forecast period through to 2020.

Increases in average household income rates, as well as wider economic growth, is driving demand for anumber of products, including property, health and motor insurance. At the same time, improvingawareness of the benefits of various life products, as well as an expansion in the number of productsavailable in the market, is contributing to growth of the life sector - though we note that widespread povertyremains a serious hindrance to growth potential.

Key Updates And Forecasts

The Association of Kenya Insurance (AKI) continues to tackle fraudulent claims in the motor sector. TheAKI plans to launch the Integrated Motor Insurance Data System in 2016, which will streamline theclaims process, reducing the potential for fraud and eventually reducing the cost of premiums. Thesystem will be linked with the Kenya Revenue Authority (KRA), Ministry of Transport and the police.

BMI Industry View
Table: Headline Insurance Forecasts (Kenya 2013-2020)
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Kenya 2013-2020)
Table: Life Insurance Claims (Kenya 2007-2014)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Kenya 2013-2020)
Table: Non-Life Insurance Claims (Kenya 2008-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Kenya 2013-2020)
Insurance Risk/Reward Index
Sub-Saharan Africa Risk/Reward Index
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Company Performance: Life Insurance Market (USDmn) 2008-2014
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: COMPANY PERFORMANCE: Non-Life Insurance Market (USDmn) 2008-2014
Company Profile
British American Insurance Company (Kenya)
Jubilee Insurance
Liberty Holdings
MMI Holdings
Old Mutual
Pan Africa Life Assurance
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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