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Personal Accident and Health Insurance in Pakistan, Key Trends and Opportunities to 2019

Personal Accident and Health Insurance in Pakistan, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Pakistan, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Pakistani personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Pakistani economy and demographics, 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 the regulatory structure.

Summary

Timetric’s 'Personal Accident and Health Insurance in Pakistan, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Pakistani personal accident and health insurance segment, including:

  • The Pakistani 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
  • A comprehensive overview of the Pakistani economy and demographics
  • The various distribution channels in the Pakistani personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Pakistan
  • Details of regulatory policy applicable to the Pakistani insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Pakistan:
  • It provides historical values for the Pakistani personal accident and health insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key categories in the Pakistani personal accident and health insurance segment, and market forecasts to 2019.
  • It profiles the top personal accident and health insurance companies in Pakistan, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Pakistani personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Pakistani personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Pakistani insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Pakistan’s personal accident and health insurance segment performed robustly during the review period at a review-period CAGR of 33.0%.
  • An improving economic performance is expected to fuel income levels in Pakistan, resulting in a rise in the volume of personal accident and health products.
  • The penetration of health insurance in Pakistan is low when compared to other Asian countries such as India and China.
  • Pakistan’s public healthcare system faces challenges in the form of rural-urban disparities in healthcare delivery, an insufficient number of doctors, nurses, medical technicians, and limited choice in terms of physician practitioners.
  • In addition to underwriting profits, Pakistani personal accident and health insurance insurers are focusing on generating returns on investments, aided by improving economic conditions.
  • Health insurers are also partnering with organizations outside the segment to offer health insurance plans to customers in order to increase their market share.


  • Key Facts and Highlights
    • Table Pakistani Personal Accident and Health Insurance - Key Facts, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Pakistani Government Credit Ratings
  • Personal Accident and Health Insurance Segment Outlook
    • Key Drivers
    • Key Trends
    • Challenges
    • Personal Accident and Health Insurance Growth Prospects by Category
      • Table Pakistani Personal Accident and Health Insurance - Net Earned Premium (PKR Billion), 2010-2014
      • Table Pakistani Personal Accident and Health Insurance - Net Earned Premium (PKR Billion), 2014-2019
      • Table Pakistani Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
      • Table Pakistani Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
      • Table Pakistani Personal Accident and Health Insurance - Commission and Expenses (PKR Billion), 2010-2014
      • Table Pakistani Personal Accident and Health Insurance - Commission and Expenses (PKR Billion), 2014-2019
      • Table Pakistani Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
      • Table Pakistani Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
      • Table Pakistani Personal Accident and Health Insurance - Total Assets (PKR Billion), 2010-2014
      • Table Pakistani Personal Accident and Health Insurance - Total Assets (PKR Billion), 2014-2019
      • Table Pakistani Personal Accident and Health Insurance - Total Investment Income (PKR Million), 2010-2014
      • Table Pakistani Personal Accident and Health Insurance - Total Investment Income (PKR Billion), 2014-2019
      • Table Pakistani Personal Accident and Health Insurance - Net Written Premium (Percentage of Gross Written Premium), 2010-2014
      • Table Pakistani Personal Accident and Health Insurance - Net Written Premium (Percentage of Gross Written Premium), 2014-2019
  • Analysis by Distribution Channel
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in the Pakistani Personal Accident and Health Insurance Segment
      • Table Pakistani Personal Accident and Health Insurers, 2014
      • Allianz EFU Health Insurance Ltd - company overview
        • Table Allianz EFU Health Insurance Ltd - Key Facts
      • AsiaCare Health & Life Insurance Company Ltd - company overview
        • Table Pakistani AsiaCare Health & Life Insurance Company Ltd - Key Facts
      • Adamjee Insurance Company Ltd - company overview
        • Table Adamjee Insurance Company Ltd - Key Facts
      • East West Life Assurance Company Ltd - company overview
        • Table Pakistani East West Life Assurance Company Ltd - Key Facts
      • EFU General Insurance Ltd - company overview
        • Table EFU General Insurance Ltd - Key Facts
      • IGI Insurance Ltd - company overview
        • Table lGI Insurance Ltd - Key Facts
      • Askari General Insurance Company Ltd - company overview
        • Table Askari General Insurance Company Ltd - Key Facts
      • Jubilee General Insurance Company Ltd - company overview
        • Table Jubilee General Insurance Company Ltd - Key Facts
  • Governance, Risk and Compliance
    • Table Pakistan - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Pakistan - Life Insurance Regulatory Framework
        • Table Pakistan - Minimum Financial Protection for Unit-linked insurance Products
      • Property insurance
        • Table Pakistan - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Pakistan - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Pakistan - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Workmen's compensation insurance
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • Securities and Exchange Commission of Pakistan
      • Insurance Association of Pakistan (IAP)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Pakistan - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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