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Reinsurance in Kuwait, Key Trends and Opportunities to 2019

Reinsurance in Kuwait, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Reinsurance in Kuwait Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Kuwaiti reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010–2014) and forecast period (2014–2019).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Kuwaiti economy and demographics, and provides detailed analysis of natural hazards and their impact on the Kuwaiti insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary

Timetric’s 'Reinsurance in Kuwait Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Kuwaiti reinsurance segment, including:

  • An outlook of the Kuwaiti reinsurance segment
  • A comprehensive overview of the Kuwaiti economy and demographics
  • Detailed analysis of natural hazards and their impact on the Kuwaiti insurance industry
  • The competitive landscape in the Kuwaiti reinsurance segment
Scope

This report provides a comprehensive analysis of the reinsurance segment in Kuwait:
  • It provides historical values for the Kuwaiti reinsurance 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 Kuwaiti reinsurance segment, and market forecasts to 2019.
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Kuwait, and the reinsurance segment's growth prospects.
  • It analyzes various natural and man-made hazards and their impact on the Kuwaiti insurance industry
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Kuwaiti reinsurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Kuwaiti reinsurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Kuwaiti insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • In terms of premium accepted, the Kuwaiti reinsurance segment grew at a review-period CAGR of 7.8%.
  • The non-life segment significantly contributed to the growth of the reinsurance segment, ceding 45.2% of its written premium to reinsurance, followed by the life and personal accident and health segments, which ceded 41.3% and 36.3% respectively in 2014.
  • The Kuwaiti insurance industry is dominated by domestic insurers, and the issue of underdeveloped underwriting skills is still prevalent. As a result, insurers cede premiums to reinsurers.
  • The low risk of catastrophic losses and a demand for reinsurance encourages foreign reinsurers to enter the Kuwaiti reinsurance segment.
  • Due to a shortage of expertise and the predominance of commercial lines, most primary insurers operating in the industry rely heavily on reinsurers.


  • Key Facts and Highlights
    • Table Kuwaiti Reinsurance - Key Facts, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Kuwaiti Government Credit Ratings
  • Reinsurance Outlook
    • Reinsurance Segment Size, 2010-2019
      • Table Kuwaiti Reinsurance - Premium Accepted (KWD Million), 2010-2014
      • Table Kuwaiti Reinsurance - Premium Accepted (KWD Million), 2014-2019
    • Reinsurance Segment Size by Premium Ceded, 2010-2019
      • Table Kuwaiti Reinsurance - Premium Ceded by Type of Insurance (KWD Million), 2010-2014
      • Table Kuwaiti Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2010-2014
      • Table Kuwaiti Reinsurance - Premium Ceded by Type of Insurance (KWD Million), 2014-2019
      • Table Kuwaiti Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2014-2019
      • Table Kuwaiti Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
      • Table Kuwaiti Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
      • Table Kuwaiti Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
      • Table Kuwaiti Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
      • Table Kuwaiti Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
      • Table Kuwaiti Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
  • Natural Hazards
    • Table Kuwaiti Average Annual Loss by Hazard, 1990-2014
    • Sandstorms
    • Cloudbursts/Floods
    • Droughts
    • Earthquakes
    • Climate Change
    • Exposure
  • Competitive Landscape and Strategic Insights
    • Overview
      • Kuwait Reinsurance Company - Company Overview
        • Table Kuwait Reinsurance Company - Key Facts
        • Table Kuwait Reinsurance Company, Key Financials (KWD Million), 2010-2014
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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