Reinsurance in Kuwait, Key Trends and Opportunities to 2017

Publisher Name :
Date: 01-May-2014
No. of pages: 65
Inquire Before Buying

Synopsis

The report provides in depth market analysis, information and insights into the Kuwaiti reinsurance segment, including:


  • The Kuwaiti reinsurance segment's growth prospects by reinsurance categories

  • Key trends and drivers for the reinsurance segment

  • The Kuwaiti reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments

  • The competitive landscape in the Kuwaiti reinsurance segment


Summary

The Kuwaiti reinsurance segment comprised two companies in 2012: Kuwait Reinsurance (Kuwait Re), a conventional reinsurer, and Al Fajer Retakaful (Al Fajer Re), a retakaful company. Both companies are working to accelerate their activities and are driven by demand for reinsurance in the insurance industry. Exposure to reinsurance of Kuwaiti insurers is relatively high, although retention is low. Treaty reinsurance accounted for 89.0% of the total reinsurance written premium in 2012, while facultative reinsurance accounted for 11.0%.

Scope

This report provides a comprehensive analysis of the reinsurance segment in Kuwait:


  • It provides historical values for Kuwait's reinsurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period.

  • It offers a detailed analysis of the key sub-segments in Kuwait's reinsurance segment, along with market forecasts until 2017.

  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Kuwait and its growth prospects.


Reasons To Buy

  • Make strategic business decisions using in depth historic and forecast market data related to the Kuwaiti reinsurance segment and each sector within it

  • Understand the demand-side dynamics, key market trends and growth opportunities within the Kuwaiti reinsurance segment

  • Identify the growth opportunities and market dynamics within key product categories

  • Gain insights into key regulations governing the Kuwaiti insurance industry and its impact on companies and the market's future


Key Highlights

  • The reinsurance segment posted a review-period CAGR of 19.1%

  • Treaty reinsurance accounted for 89.0% of the total reinsurance written premium in 2012, while facultative reinsurance accounted for 11.0%

  • The significant contribution to growth in reinsurance came from the personal accident and health segment, which ceded 55.2% of its written premium to reinsurance

  • In Kuwait, insurers cede a large percentage of their gross written premium to reinsurers, compared to other companies worldwide

Reinsurance in Kuwait, Key Trends and Opportunities to 2017

Table of Contents

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Kuwaiti Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017

4 Reinsurance Growth Dynamics and Challenges
4.1 Reinsurance Segment Size, 2008-2017
4.2 Reinsurance Segment Size by Type of Insurance, 2008-2017

5 Key Industry Trends and Drivers
5.1 Fundamental Business Drivers
5.2 Life Insurance Segment Drivers
5.3 Non-Life Insurance Segment Drivers
5.4 Personal Accident and Health Insurance Segment Drivers

6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Companies in the Kuwaiti Reinsurance Segment
6.3 Kuwait Reinsurance - Company Overview
6.3.1 Kuwait Reinsurance - key facts
6.3.2 Kuwait Reinsurance - key financials

7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend - Kuwait Stock Exchange, Kuwait
7.2 Economic Performance
7.2.1 GDP at constant prices (US$)
7.2.2 GDP per capita at constant prices (US$)
7.2.3 GDP at current prices (US$)
7.2.4 GDP per capita at current prices (US$)
7.2.5 GDP by key sectors
7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
7.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
7.2.9 Manufacturing net output at current prices as a percentage of GDP
7.2.10 Mining, manufacturing and utilities at current prices (US$)
7.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
7.2.12 Construction net output at current prices, (US$)
7.2.13 Construction net output at current prices as a percentage of GDP
7.2.14 Inflation rate
7.2.15 Exports as a percentage of GDP
7.2.16 Imports as a percentage of GDP
7.2.17 Merchandise exports growth
7.2.18 Merchandise imports growth
7.2.19 Annual average exchange rate KWD-US$
7.3 Infrastructure
7.3.1 Commercial vehicle exports - total value
7.3.2 Commercial vehicle imports - total value
7.3.3 Automotive exports - total value
7.3.4 Automotive imports - total value
7.3.5 Total internet subscribers
7.4 Labor Force
7.4.1 Labor force
7.5 Demographics
7.5.1 Gross national disposable income (US$)
7.5.2 Total population
7.5.3 Urban and rural populations
7.5.4 Age distribution of the total population

8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Kuwaiti Insurance - Overall Written Premium by Segment (KWD Million), 2008-2012
Table 3: Kuwaiti Insurance - Overall Written Premium by Segment (US$ Million), 2008-2012
Table 4: Kuwaiti Insurance - Overall Written Premium by Segment (KWD Million), 2012-2017
Table 5: Kuwaiti Insurance - Overall Written Premium by Segment (US$ Million), 2012-2017
Table 6: Kuwaiti Insurance - Segmentation (% Share), 2008-2017
Table 7: Reinsurance in Kuwait by Category (KWD Million), 2008-2012
Table 8: Reinsurance in Kuwait by Category (US$ Million), 2008-2012
Table 9: Reinsurance in Kuwait by Category (KWD Million), 2012-2017
Table 10: Reinsurance in Kuwait by Category (US$ Million), 2012-2017
Table 11: Kuwaiti Premium Ceded to Reinsurance by Insurance Segment (KWD Million), 2008-2012
Table 12: Kuwaiti Premium Ceded to Reinsurance by Insurance Segment (US$ Million), 2008-2012
Table 13: Kuwaiti Premium Ceded to Reinsurance by Insurance Segment (KWD Million), 2012-2017
Table 14: Kuwaiti Premium Ceded to Reinsurance by Insurance Segment (US$ Million), 2012-2017
Table 15: Kuwaiti Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Kuwaiti Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: List of Key Insurers in the Kuwait Reinsurance Segment, 2012
Table 18: Kuwait Reinsurance, Key Facts
Table 19: Kuwait Reinsurance, Key Financials (KWD Million), 2008-2012

List of Figures

Figure 1: Kuwaiti Insurance - Overall Written Premium by Segment (KWD Million), 2008-2017
Figure 2: Kuwaiti Insurance - Dynamics by Segment (%), 2008-2017
Figure 3: Kuwaiti Premium Ceded to Reinsurance by Category (KWD Million), 2008-2017
Figure 4: Kuwaiti Premium Ceded to Reinsurance by Category (% Share), 2012 and 2017
Figure 5: Kuwaiti Reinsurance - Dynamics by Category (%), 2008-2017
Figure 6: Kuwaiti Premium Ceded to Reinsurance by Insurance Segment (KWD Million), 2008-2017
Figure 7: Kuwaiti Reinsurance - Dynamics by Insurance Segment (%), 2008-2017
Figure 8: Kuwaiti Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 9: Kuwaiti Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 10: Kuwait Stock Exchange Market Capitalization (US$ Billion), 2008-2012
Figure 11: Kuwaiti GDP at Constant Prices (US$ Billion), 2007-2011
Figure 12: Kuwaiti GDP Per Capita at Constant Prices (US$), 2007-2011
Figure 13: Kuwaiti GDP at Current Prices (US$ Billion), 2008-2012
Figure 14: Kuwaiti GDP Per Capita at Current Prices (US$), 2008-2012
Figure 15: Kuwaiti GDP by Key Sectors (%) 2007 and 2011
Figure 16: Kuwaiti Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2007-2011
Figure 17: Kuwaiti Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 18: Kuwaiti Manufacturing Net Output at Current Prices (US$ Billion), 2007-2011
Figure 19: Kuwaiti Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 20: Kuwaiti Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007-2011
Figure 21: Kuwaiti Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 22: Kuwaiti Construction Net Output at Current Prices (US$ Billion), 2007-2011
Figure 23: Kuwaiti Construction Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 24: Kuwaiti Inflation Rate (%), 2008-2012
Figure 25: Kuwaiti Exports as a Percentage of GDP (%), 2007-2011
Figure 26: Kuwaiti Imports as a Percentage of GDP (%), 2007-2011
Figure 27: Kuwaiti Merchandise Exports Growth (%), 2008-2011
Figure 28: Kuwaiti Merchandise Imports Growth (%), 2008-2011
Figure 29: Kuwaiti Annual Average Exchange Rate US$-KWD, 2008-2012
Figure 30: Kuwaiti Commercial Vehicle Exports - Total Value (US$ Million), 2007-2010
Figure 31: Kuwaiti Commercial Vehicle Imports - Total Value (US$ Billion), 2007-2010
Figure 32: Kuwaiti Automotive Exports - Total Value (US$ Billion), 2007-2010
Figure 33: Kuwaiti Automotive Imports - Total Value (US$ Billion), 2007-2010
Figure 34: Kuwaiti Internet Subscriptions (Million), 2008-2012
Figure 35: Kuwaiti Size of Labor Force (Million), 2008-2012
Figure 36: Kuwaiti Gross National Disposable Income (US$ Billion), 2007-2011
Figure 37: Kuwaiti Total Population (Million), 2008-2012
Figure 38: Kuwaiti Urban and Rural Populations (%), 2008-2012
Figure 39: Kuwaiti Population Distribution by Age (%), 2008-2012

  • Healthy Diet Demand In Developed Economies To Boost Nutraceuticals
    As customers scuffle to keep up with the frantic lifestyles, the necessity for healthy nutrition rises owing to dearth of time to spend on laborious exercises.  Customers are shifting their attention to swift and healthy food behaviours. Increase in intake of beverages and functional food has offered makers of nutraceuticals with money-spinning prospects to benefit [...]
  • World Economic Forum Unveils Top 10 Emerging Technologies of 2016
    The World Economic Forum (WEF) and Scientific American lately unveiled the major technological innovation list of the top ten emerging technologies of 2016. This list emphasizes on the technological developments which have the supremacy to transform industries, protect the planet, and improve lives. It also presents an opening to discuss any societal, human, economic or [...]
  • Siemens Adds To the Growth of Wind Power Generation Market
    Siemens has been presenting ground-breaking strategies and pioneering solutions for energy generation for an intelligent power supply globally. With an expansive portfolio and wide-ranging proficiency in wind power generation, Siemens is likely to aid in increasing the share of wind power in the US energy mix. With New Mexico’s vicinity to significant wind energy areas, [...]
  • Global Public Safety LTE Ecosystem Overview
    In view of its flourishing ecosystem, spectrum flexibility and performance metrics, LTE has emerged as the leading candidate for public safety mobile broadband networks. Public safety organizations and establishments have already begun planning to advance their networks to LTE-based public safety solutions. LTE provisions a varied range of services, from high bandwidth data services to [...]
  • RnR Market Research: Biochips Market Insights
    Growing R&D investment and subcontracting of pharmaceutical companies would lead to growth in biochips market in Asia along with an increase in the application of biochips products is estimated to improve opportunity for the global biochip market. Conversely, the high cost involved in manufacturing of biochips can be seen as a challenge for the same. [...]
  • Reinsurance in Brazil, Key Trends and Opportunities to 2020
    Published: 26-Sep-2016        Price: US 1450 Onwards        Pages: 45
    Synopsis Timetric's 'Reinsurance in Brazil Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Brazilian reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011-2015) and forecast period (2015-2020). The report also analyses information pertaining to the competitive lan......
  • Reinsurance in Turkey, Key Trends and Opportunities to 2020
    Published: 18-Sep-2016        Price: US 1450 Onwards        Pages: 40
    Synopsis Timetric's 'Reinsurance in Turkey Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Turkish reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011-2015) and forecast period (2015-2020). The report also analyses information pertaining to the competitive lands......
  • Reinsurance in the Czech Republic, Key Trends and Opportunities to 2020
    Published: 17-Sep-2016        Price: US 1450 Onwards        Pages: 34
    Synopsis Timetric's 'Reinsurance in the Czech Republic Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Czech reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011-2015) and forecast period (2015-2020). The report also analyses information pertaining to the competi......
  • Reinsurance in India Key Trends and Opportunities to 2020
    Published: 12-Sep-2016        Price: US 1450 Onwards        Pages: 41
    Synopsis Timetric's 'Reinsurance in India Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Indian reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011-2015) and forecast period (2015-2020). The report also analyses information pertaining to the competitive landsca......
  • Reinsurance in Cyprus, Key Trends and Opportunities to 2019
    Published: 03-Sep-2016        Price: US 1450 Onwards        Pages: 44
    Synopsis Timetric's 'Reinsurance in Cyprus, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Cypriot 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......
  • Reinsurance in China Key Trends and Opportunities to 2019
    Published: 22-Aug-2016        Price: US 1450 Onwards        Pages: 52
    Synopsis Timetric's 'Reinsurance in China Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends drivers and challenges in the Chinese 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......
  • Reinsurance in Belgium, Key Trends and Opportunities to 2019
    Published: 22-Aug-2016        Price: US 1450 Onwards        Pages: 39
    Synopsis Timetric's 'Reinsurance in Belgium, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Belgian 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 i......
  • Reinsurance in Venezuela, Key Trends and Opportunities to 2019
    Published: 31-Jul-2016        Price: US 1450 Onwards        Pages: 40
    Synopsis Timetric's 'Reinsurance in Venezuela, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Venezuelan 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 landsc......
  • Reinsurance in Greece, Key Trends and Opportunities to 2019
    Published: 31-Jul-2016        Price: US 1450 Onwards        Pages: 46
    Synopsis Timetric's 'Reinsurance in Greece, Key Trends and Opportunities to 2019' report provides a detailed analysis of the market trends, drivers and challenges in the Greek reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review (2010-2014) and forecast periods (2014-2019). The report gives a comprehensive overview of the Greek economy and demographics, and ......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs