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Kuwait Insurance Report Q2 2016

BMI Industry View
Table: Headline Insurance Forecasts (Kuwait 2013-2020)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Kuwait 2013-2020)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Kuwait 2013-2020)
Table: Non-Life Insurance Claims (Kuwait 2009-2015)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Kuwait 2013-2020)
Insurance Risk/Reward Index
MENA Insurance Risk/Reward Index
Table: MENA Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Company Profile
Al-Ahleia Insurance Company
Bahrain Kuwait Insurance Co (BKIC)
Gulf Insurance Group (GIG)
Kuwait Reinsurance Company
Warba Insurance
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

Kuwait Insurance Report Q2 2016

BMI View: We remain of the view that much of the growth in the entire insurance sector will arise fromgreater purchase of (compulsory) health insurance by expatriates. Secular constraints to the expansion ofother non-life sub-sectors - and the life segment - will continue to prevail. Kuwaiti companies continue tolook for opportunities in other countries.

Key Updates And Forecasts

In many ways, Kuwait is an archetypal GCC region insurance market. It is, and will remain, underdevelopedby most metrics. In the larger, non-life segment, the main constraint is the small scale of mostof the companies. In the life segment, the main constraint is that Kuwaiti nationals do not need theofferings of the life companies (including international players and local composites). This is because ofthe comprehensive social security benefits that are available.


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