BMI Industry ViewSWOT Insurance Political Economic Operational Risk Industry Forecast Total Premiums Forecast Total Premiums Table: Total Gross Premiums Written (Pakistan 2012-2019) Net Premiums and Reinsurance Table: Total Net Premiums Written (Pakistan 2012-2019) Table: Total Reinsurance Premiums Written (Pakistan 2012-2019) Total Claims Table: Total Insurance Claims (Pakistan 2009-2013) Total Assets Table: Total Insurance Assets (Pakistan 2007-2013) Life Premiums Forecast Life Premiums Table: Gross Life Premiums Written (Pakistan 2012-2019) Life Claims Table: Life Insurance Claims (Pakistan 2007-2013) Life Insurers' Assets Table: Assets (Pakistan 2007-2014) Non-Life Premiums Forecast Non-Life Premiums Table: Gross Non-Life Premiums Written (Pakistan 2012-2019) Non-Life Net Premiums Table: Net Non-Life Premiums Written (Pakistan 2012-2019) Non Life Reinsurance Table: Reinsurance Non-Life Premiums Written (Pakistan 2012-2019) Non-Life Claims Table: Non-Life Insurance Claims (Pakistan 2009-2013) Non-Life Insurers' Assets Table: Assets (Pakistan 2007-2014) Non-Life Sub-Sector Forecast Table: Non-Life % Breakdown (Pakistan 2012-2019) Property Insurance Table: Property Insurance (Pakistan 2012-2019) Transport Insurance Table: Transport Insurance (Pakistan 2012-2019) Table: Insurance Key Drivers, Freight Tonnage (Pakistan 2012-2019) Other Insurance Table: Other Non-Life Insurance (Pakistan 2012-2019) Table: Insurance Key Drivers, Autos (Pakistan 2012-2019) Industry Risk Reward Ratings Asia Pacific Industry Risk/Reward Index Q2 2015 Table: Asia Pacific Insurance Risk/Reward Index - Q2 2015 Market Overview Life Market Overview Table: Life Market Share, USDmn, 2007-2013 Table: Life Market Share (%), 2007-2013 Non-Life Market Overview Table: Non-Life Market Share, USDmn, 2006-2013 Table: Non-Life Market Share (%), 2006-2013 Company Profile Adamjee Group EFU Group Jubilee General/Jubilee Life National Insurance Co. Limited (NICL) State Life Insurance Corp. of Pakistan (SLIC) Demographic Forecast Table: Population Headline Indicators (Pakistan 1990-2025) Table: Key Population Ratios (Pakistan 1990-2025) Table: Urban/Rural Population & Life Expectancy (Pakistan 1990-2025) Table: Population By Age Group (Pakistan 1990-2025) Table: Population By Age Group % (Pakistan 1990-2025) Methodology Industry Forecast Methodology Risk/Reward Index Methodology Table: Indicators Table: Weighting of Indicators
Pakistan Insurance Report Q2 2015
BMI View: The Pakistani insurance sector remains one of the more challenging markets we monitor.
Widespread poverty has traditionally limited penetration of insurance coverage to just the highest incomeearners, reducing the opportunities for multi-nationals to enter the market. Meanwhile the proliferation ofsmaller and medium-sized players, particularly in the non-life segment, has further deterred foreigncompanies from entering a congested, low-margin environment. However, recent changes to Pakistan'sinsurance regulatory framework are gradually opening up new areas of the market.
In 2015, new Takaful regulations passed in May 2014 are expected to boost insurance penetration with EFUthe first of several conventional insurance firms expected to begin offering Sharia-compliant products tocustomers. Meanwhile, the growth of the micro-insurance market in 2015 is expected to increasepenetration of insurance coverage among low-income earners. With both Takaful and micro-insurancecurrently focused on the provision of life, rather than non-life products, we expected to see furtherdivergence in the growth paths of the two markets this year. Life insurance premiums are forecast to growby 6.6% in 2015m which is about twice as fast as non-life premiums.