Non-Life Insurance in Kuwait, Key Trends and Opportunities to 2018

Published: Jun, 2015 | Pages: 236 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric’s 'Non-Life Insurance in the Kuwait, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Kuwaiti non-life insurance segment. It provides values of a number of Key Performance Indicators (KPI) such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, 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 regulatory structure.

Summary
Timetric’s 'Non-Life Insurance in the Kuwait, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Kuwaiti non-life insurance segment, including:

• The Kuwaiti non-life insurance segment’s growth prospects by non-life insurance category

• Key trends, drivers and challenges for the non-life insurance segment

• The various distribution channels in the Kuwaiti non-life insurance segment

• The detailed competitive landscape in the non-life insurance segment in Kuwait

• Detailed regulatory policies of the Kuwaiti insurance industry

• Analysis of various consumer segments in Kuwaiti non-life insurance

• Key developments in the Kuwaiti non-life insurance segment

• Product portfolio of Kuwaiti non-life insurers

Scope
This report provides a comprehensive analysis of the non-life insurance segment in Kuwait:

• It provides historical values for the Kuwaiti non-life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.

• It offers a detailed analysis of the key categories in Kuwait’s non-life insurance segment, along with market forecasts until 2018.

• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.

• It analyses the various distribution channels for non-life insurance products in Kuwait.

• It profiles the top non-life insurance companies in Kuwait and outlines the key regulations affecting them.

Reason To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Kuwaiti non-life insurance segment and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Kuwaiti non-life insurance segment.

• Assess the competitive dynamics in the non-life insurance segment.

• Identify the 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
• Non-life insurance was the largest segment in the Kuwaiti insurance industry in 2013, accounting for 56.4% of its total gross written premium.

• Growth in the segment can be attributed to rises in the number of vehicles, the population and disposable income, and compulsory motor insurance.

• Motor insurance was the leading category in the non-life insurance segment, accounting for 49.6% of the segment’s gross written premium in 2013.

• An increase in construction activity in Kuwait during the review period drove demand in the non-life segment, with this trend expected to continue over the forecast period.

• Insurance companies in Kuwait cede a large percentage of their gross written premium to reinsurers; the non-life segment ceded 50.4% of its premium to reinsurers in 2013.

• The industry is dominated by domestic insurers.

• Agencies are the leading distributors in the Kuwaiti non-life insurance segment, accounting for 41.2% of the segment’s gross written premium new business in 2013.

 Table Of Content

1 Key Facts and Events

2 Executive Summary

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 Kuwaiti Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018

5 Non-Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Non-Life Insurance Growth Prospects by Category
5.6 Property Insurance
5.6.1 Fire and allied perils insurance
5.6.2 Engineering insurance
5.6.3 Other property insurance
5.7 Motor Insurance
5.7.1 Motor hull insurance
5.7.2 Motor third-party insurance
5.8 Liability Insurance
5.9 Marine, Aviation and Transit Insurance
5.9.1 Marine insurance
5.9.2 Aviation insurance
5.9.3 Transit insurance

6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-Commerce
6.5 Brokers
6.6 Other Channels

7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.5 Supervision and Control
7.5.1 Ministry of Commerce and Industry (MoCI)
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution (ADR)

8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Kuwaiti Non-Life Insurance Segment
8.3 Leading Non-Life Insurers – Product Portfolio
8.4 Gulf Insurance and Reinsurance Company – Company Overview
8.5 Kuwait Insurance Company SAK – Company Overview
8.6 Warba Insurance Company – Company Overview
8.7 Al Ahleia Insurance Company SAK – Company Overview
8.8 Enaya Insurance Company – Company Overview

9 Appendix – 1
9.1 Economic Performance
9.1.1 GDP at constant prices (US$)
9.1.2 GDP per capita at constant prices (US$)
9.1.3 GDP at current prices (US$)
9.1.4 GDP per capita at current prices (US$)
9.1.5 GDP by key sector
9.1.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
9.1.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
9.1.8 Manufacturing net output at current prices (US$)
9.1.9 Manufacturing net output at current prices as a percentage of GDP
9.1.10 Mining, manufacturing and utilities at current prices (US$)
9.1.11 Mining, manufacturing and utilities at current prices as a percentage of GDP
9.1.12 Construction net output at current prices (US$)
9.1.13 Construction net output at current prices as a percentage of GDP
9.1.14 Inflation rate
9.1.15 Exports as a percentage of GDP
9.1.16 Imports as a percentage of GDP
9.1.17 Merchandise exports growth
9.1.18 Merchandise imports growth
9.1.19 Annual average exchange rate US$–KWD
9.2 Infrastructure
9.2.1 Commercial vehicle exports – total value
9.2.2 Commercial vehicle imports – total value
9.2.3 Automotive exports – total value
9.2.4 Automotive imports – total value
9.2.5 Total internet subscribers
9.3 Labor Force
9.3.1 Labor force
9.3.2 Unemployment rate
9.4 Demographics
9.4.1 Total population
9.4.2 Urban and rural populations
9.4.3 Age distribution of the total population
9.4.4 Life expectancy

10 Appendix – 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric’s Services
10.5 Disclaimer

List Of Tables
Table 1: Kuwaiti Non-life Insurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Kuwaiti Insurance Industry – Gross Written Premium by Segment (KWD Million), 2009–2013
Table 4: Kuwaiti Insurance Industry – Gross Written Premium by Segment (US$ Million), 2009–2013
Table 5: Kuwaiti Insurance Industry – Gross Written Premium by Segment (KWD Million), 2013–2018
Table 6: Kuwaiti Insurance Industry – Gross Written Premium by Segment (US$ Million), 2013–2018
Table 7: Kuwaiti Insurance Industry – Gross Written Premium by Segment (Percentage Share), 2009–2018
Table 8: Kuwaiti Insurance Industry – Direct Written Premium by Segment (KWD Million), 2009–2013
Table 9: Kuwaiti Insurance Industry – Direct Written Premium by Segment (US$ Million), 2009–2013
Table 10: Kuwaiti Insurance Industry – Direct Written Premium by Segment (KWD Million), 2013–2018
Table 11: Kuwaiti Insurance Industry – Direct Written Premium by Segment (US$ Million), 2013–2018
Table 12: Kuwaiti Insurance Industry – Direct Written Premium by Segment (Percentage Share), 2009–2018
Table 13: Kuwaiti Non-Life Insurance – Gross Written Premium by Category (KWD Million), 2009–2013
Table 14: Kuwaiti Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2009–2013
Table 15: Kuwaiti Non-Life Insurance – Gross Written Premium by Category (KWD Million), 2013–2018
Table 16: Kuwaiti Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2013–2018
Table 17: Kuwaiti Non-Life Insurance – Direct Written Premium by Category (KWD Million), 2009–2013
Table 18: Kuwaiti Non-Life Insurance – Direct Written Premium by Category (US$ Million), 2009–2013
Table 19: Kuwaiti Non-Life Insurance – Direct Written Premium by Category (KWD Million), 2013–2018
Table 20: Kuwaiti Non-Life Insurance – Direct Written Premium by Category (US$ Million), 2013–2018
Table 21: Kuwaiti Non-Life Insurance – Earned Premium (KWD Million), 2009–2013
Table 22: Kuwaiti Non-Life Insurance – Earned Premium (KWD Million), 2013–2018
Table 23: Kuwaiti Non-Life Insurance – Paid Claims by Category (KWD Million), 2009–2013
Table 24: Kuwaiti Non-Life Insurance – Paid Claims by Category (US$ Million), 2009–2013
Table 25: Kuwaiti Non-Life Insurance – Paid Claims by Category (KWD Million), 2013–2018
Table 26: Kuwaiti Non-Life Insurance – Paid Claims by Category (US$ Million), 2013–2018
Table 27: Kuwaiti Non-Life Insurance – Incurred Loss by Category (KWD Million), 2009–2013
Table 28: Kuwaiti Non-Life Insurance – Incurred Loss by Category (US$ Million), 2009–2013
Table 29: Kuwaiti Non-Life Insurance – Incurred Loss by Category (KWD Million), 2013–2018
Table 30: Kuwaiti Non-Life Insurance – Incurred Loss by Category (US$ Million), 2013–2018
Table 31: Kuwaiti Non-Life Insurance – Retentions by Category (KWD Million), 2009–2013
Table 32: Kuwaiti Non-Life Insurance – Retentions by Category (US$ Million), 2009–2013
Table 33: Kuwaiti Non-Life Insurance – Retentions by Category (KWD Million), 2013–2018
Table 34: Kuwaiti Non-Life Insurance – Retentions by Category (US$ Million), 2013–2018
Table 35: Kuwaiti Non-Life Insurance – Loss Ratio (%), 2009–2013
Table 36: Kuwaiti Non-Life Insurance – Loss Ratio (%), 2013–2018
Table 37: Kuwaiti Non-Life Insurance – Commissions and Expenses (KWD Million), 2009–2013
Table 38: Kuwaiti Non-Life Insurance – Commissions and Expenses (KWD Million), 2013–2018
Table 39: Kuwaiti Non-Life Insurance – Combined Ratio (%), 2009–2013
Table 40: Kuwaiti Non-Life Insurance – Combined Ratio (%), 2013–2018
Table 41: Kuwaiti Non-Life Insurance – Fraud and Crime (KWD Million), 2009–2013
Table 42: Kuwaiti Non-Life Insurance – Fraud and Crime (KWD Million), 2013–2018
Table 43: Kuwaiti Non-Life Insurance – Total Assets (KWD Million), 2009–2013
Table 44: Kuwaiti Non-Life Insurance – Total Assets (KWD Million), 2013–2018
Table 45: Kuwaiti Non-Life Insurance – Total Investment Income (KWD Million), 2009–2013
Table 46: Kuwaiti Non-Life Insurance – Total Investment Income (KWD Million), 2013–2018
Table 47: Kuwaiti Non-Life Insurance – Retentions (KWD Million), 2009–2013
Table 48: Kuwaiti Non-Life Insurance – Retentions (KWD Million), 2013–2018
Table 49: Kuwaiti Property Insurance – Gross Written Premium by Sub-Category (KWD Million), 2009–2013
Table 50: Kuwaiti Property Insurance – Gross Written Premium by Sub-Category (US$ Million), 2009–2013
Table 51: Kuwaiti Property Insurance – Gross Written Premium by Sub-Category (KWD Million), 2013–2018
Table 52: Kuwaiti Property Insurance – Gross Written Premium by Sub-Category (US$ Million), 2013–2018
Table 53: Kuwaiti Property Insurance – Direct Written Premium by Sub-Category (KWD Million), 2009–2013
Table 54: Kuwaiti Property Insurance – Direct Written Premium by Sub-Category (US$ Million), 2009–2013
Table 55: Kuwaiti Property Insurance – Direct Written Premium by Sub-Category (KWD Million), 2013–2018
Table 56: Kuwaiti Property Insurance – Direct Written Premium by Sub-Category (US$ Million), 2013–2018
Table 57: Kuwaiti Property Insurance – Loss Ratio (%), 2009–2013
Table 58: Kuwaiti Property Insurance – Loss Ratio (%), 2013–2018
Table 59: Kuwaiti Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 60: Kuwaiti Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 61: Kuwaiti Fire and Allied Perils Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 62: Kuwaiti Fire and Allied Perils Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 63: Kuwaiti Engineering Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 64: Kuwaiti Engineering Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 65: Kuwaiti Engineering Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 66: Kuwaiti Engineering Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 67: Kuwaiti Other Property Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 68: Kuwaiti Other Property Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 69: Kuwaiti Other Property Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 70: Kuwaiti Other Property Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 71: Kuwaiti Motor Insurance – Gross Written Premium by Sub-Category (KWD Million), 2009–2013
Table 72: Kuwaiti Motor Insurance – Gross Written Premium by Sub-Category (US$ Million), 2009–2013
Table 73: Kuwaiti Motor Insurance – Gross Written Premium by Sub-Category (KWD Million), 2013–2018
Table 74: Kuwaiti Motor Insurance – Gross Written Premium by Sub-Category (US$ Million), 2013–2018
Table 75: Kuwaiti Motor Insurance – Direct Written Premium by Sub-Category (KWD Million), 2009–2013
Table 76: Kuwaiti Motor Insurance – Direct Written Premium by Sub-Category (US$ Million), 2009–2013
Table 77: Kuwaiti Motor Insurance – Direct Written Premium by Sub-Category (KWD Million), 2013–2018
Table 78: Kuwaiti Motor Insurance – Direct Written Premium by Sub-Category (US$ Million), 2013–2018
Table 79: Kuwaiti Motor Insurance – Loss Ratio (%), 2009–2013
Table 80: Kuwaiti Motor Insurance – Loss Ratio (%), 2013–2018
Table 81: Kuwaiti Motor Hull Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 82: Kuwaiti Motor Hull Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 83: Kuwaiti Motor Hull Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 84: Kuwaiti Motor Hull Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 85: Kuwaiti Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 86: Kuwaiti Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 87: Kuwaiti Motor Third-Party Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 88: Kuwaiti Motor Third-Party Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 89: Kuwaiti Liability Insurance – Loss Ratio (%), 2009–2013
Table 90: Kuwaiti Liability Insurance – Loss Ratio (%), 2013–2018
Table 91: Kuwaiti Liability Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 92: Kuwaiti Liability Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 93: Kuwaiti Liability Insurance – Written Premium (KWD Million), 2009–2013
Table 94: Kuwaiti Other Liability Insurance – Written Premium (KWD Million), 2013–2018
Table 95: Kuwaiti Marine, Aviation and Transit Insurance – Gross Written Premium by Sub-Category (KWD Million), 2009–2013
Table 96: Kuwaiti Marine, Aviation and Transit Insurance – Gross Written Premium by Sub-Category (US$ Million), 2009–2013
Table 97: Kuwaiti Marine, Aviation and Transit Insurance – Gross Written Premium by Sub-Category (KWD Million), 2013–2018
Table 98: Kuwaiti Marine, Aviation and Transit Insurance – Gross Written Premium by Sub-Category (US$ Million), 2013–2018
Table 99: Kuwaiti Marine, Aviation and Transit Insurance – Direct Written Premium by Sub-Category (KWD Million), 2009–2013
Table 100: Kuwaiti Marine, Aviation and Transit Insurance – Direct Written Premium by Sub-Category (US$ Million), 2009–2013
Table 101: Kuwaiti Marine, Aviation and Transit Insurance – Direct Written Premium by Sub-Category (KWD Million), 2013–2018
Table 102: Kuwaiti Marine, Aviation and Transit Insurance – Direct Written Premium by Sub-Category (US$ Million), 2013–2018
Table 103: Kuwaiti Marine, Aviation and Transit Insurance – Loss Ratio (%), 2009–2013
Table 104: Kuwaiti Marine, Aviation and Transit Insurance – Loss Ratio (%), 2013–2018
Table 105: Kuwaiti Marine Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 106: Kuwaiti Marine Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 107: Kuwaiti Marine Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 108: Kuwaiti Marine Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 109: Kuwaiti Aviation Insurance – Number of Policies Sold, 2009–2013
Table 110: Kuwaiti Aviation Insurance – Number of Policies Sold, 2013–2018
Table 111: Kuwaiti Aviation Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 112: Kuwaiti Aviation Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 113: Kuwaiti Transit Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 114: Kuwaiti Transit Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 115: Kuwaiti Transit Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 116: Kuwaiti Transit Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 117: Kuwaiti Non-Life Insurance – Direct Marketing Commission Paid (KWD Million), 2009–2013
Table 118: Kuwaiti Non-Life Insurance – Direct Marketing Commission Paid (KWD Million), 2013–2018
Table 119: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 120: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 121: Kuwaiti Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 122: Kuwaiti Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 123: Kuwaiti Non-Life Insurance – Number of Direct Marketing Distributors, 2009–2013
Table 124: Kuwaiti Non-Life Insurance – Number of Direct Marketing Distributors, 2013–2018
Table 125: Kuwaiti Non-Life Insurance – Bancassurance Commission Paid (KWD Million), 2009–2013
Table 126: Kuwaiti Non-Life Insurance – Bancassurance Commission Paid (KWD Million), 2013–2018
Table 127: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 128: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 129: Kuwaiti Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Table 130: Kuwaiti Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Table 131: Kuwaiti Non-Life Insurance – Number of Bancassurance Distributors, 2009–2013
Table 132: Kuwaiti Non-Life Insurance – Number of Bancassurance Distributors, 2013–2018
Table 133: Kuwaiti Non-Life Insurance – Commission Paid to Agencies (KWD Million), 2009–2013
Table 134: Kuwaiti Non-Life Insurance – Commission Paid to Agencies (KWD Million), 2013–2018
Table 135: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 136: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 137: Kuwaiti Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Table 138: Kuwaiti Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Table 139: Kuwaiti Non-Life Insurance – Number of Agencies, 2009–2013
Table 140: Kuwaiti Non-Life Insurance – Number of Agencies, 2013–2018
Table 141: Kuwaiti Non-Life Insurance – E-Commerce Commission Paid (KWD Million), 2009–2013
Table 142: Kuwaiti Non-Life Insurance – E-Commerce Commission Paid (KWD Million), 2013–2018
Table 143: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 144: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 145: Kuwaiti Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Table 146: Kuwaiti Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Table 147: Kuwaiti Non-Life Insurance – Number of E-Commerce Distributors, 2009–2013
Table 148: Kuwaiti Non-Life Insurance – Number of E-Commerce Distributors, 2013–2018
Table 149: Kuwaiti Non-Life Insurance – Commission Paid to Brokers (KWD Million), 2009–2013
Table 150: Kuwaiti Non-Life Insurance – Commission Paid to Brokers (KWD Million), 2013–2018
Table 151: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 152: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 153: Kuwaiti Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Table 154: Kuwaiti Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Table 155: Kuwaiti Non-Life Insurance – Number of Brokers, 2009–2013
Table 156: Kuwaiti Non-Life Insurance – Number of Brokers, 2013–2018
Table 157: Kuwaiti Non-Life Insurance – Commission Paid to Other Channels (KWD Million), 2009–2013
Table 158: Kuwaiti Non-Life Insurance – Commission Paid to Other Channels (KWD Million), 2013–2018
Table 159: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Table 160: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Table 161: Kuwaiti Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Table 162: Kuwaiti Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Table 163: Kuwaiti Non-Life Insurance – Number of Distributors in Other Channels, 2009–2013
Table 164: Kuwaiti Non-Life Insurance – Number of Distributors in Other Channels, 2013–2018
Table 165: Kuwait – Life Insurance Regulatory Framework
Table 166: Kuwait – Property Insurance Regulatory Framework
Table 167: Kuwait – Motor Insurance Regulatory Framework
Table 168: Kuwait – Liability Insurance Regulatory Framework
Table 169: Kuwait – Corporate Tax Rates for the Financial Year 2015
Table 170: List of Key Insurers in the Kuwait Non-Life Insurance Segment, 2013

List Of Figures
Figure 1: Kuwaiti Insurance Industry – Gross Written Premium by Segment (KWD Million), 2009–2018
Figure 2: Kuwaiti Insurance Industry – Gross Written Premium Dynamics by Segment (2009–2018)
Figure 3: Kuwaiti Insurance Industry – Direct Written Premium by Segment (KWD Million), 2009–2018
Figure 4: Kuwaiti Insurance Industry – Direct Written Premium Dynamics by Segment (2009–2018)
Figure 5: Kuwaiti Non-Life Insurance – Share of Sub-Categories (Percentage Share), 2009 and 2013
Figure 6: Total Vehicle Sales by Category, 2009 and 2013
Figure 7: Exports and Imports as a Percentage of GDP, 2009–2013
Figure 8: Kuwaiti Non-Life Insurance – Gross Written Premium by Category (KWD Million), 2009–2018
Figure 9: Kuwaiti Non-Life Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 10: Kuwaiti Non-Life Insurance – Gross Written Premium Dynamics by Category (%), 2009–2018
Figure 11: Kuwaiti Non-Life Insurance – Direct Written Premium by Category (KWD Million), 2009–2018
Figure 12: Kuwaiti Non-Life Insurance – Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 13: Kuwaiti Non-Life Insurance – Direct Written Premium Dynamics by Category (%), 2009–2018
Figure 14: Kuwaiti Non-Life Insurance – Earned Premium (KWD Million), 2009–2013
Figure 15: Kuwaiti Non-Life Insurance – Earned Premium (KWD Million), 2013–2018
Figure 16: Kuwaiti Non-Life Insurance – Paid Claims by Category (KWD Million), 2009–2018
Figure 17: Kuwaiti Non-Life Insurance – Incurred Loss by Category (KWD Million), 2009–2018
Figure 18: Kuwaiti Non-Life Insurance – Retentions by Category (KWD Million), 2009–2018
Figure 19: Kuwaiti Non-Life Insurance – Loss Ratio (%), 2009–2013
Figure 20: Kuwaiti Non-Life Insurance – Loss Ratio (%), 2013–2018
Figure 21: Kuwaiti Non-Life Insurance – Commissions and Expenses (KWD Million), 2009–2013
Figure 22: Kuwaiti Non-Life Insurance – Commissions and Expenses (KWD Million), 2013–2018
Figure 23: Kuwaiti Non-Life Insurance – Combined Ratio (%), 2009–2013
Figure 24: Kuwaiti Non-Life Insurance – Combined Ratio (%), 2013–2018
Figure 25: Kuwaiti Non-Life Insurance – Fraud and Crime (KWD Million), 2009–2013
Figure 26: Kuwaiti Non-Life Insurance – Fraud and Crime (KWD Million), 2013–2018
Figure 27: Kuwaiti Non-Life Insurance – Total Assets (KWD Million), 2009–2013
Figure 28: Kuwaiti Non-Life Insurance – Total Assets (KWD Million), 2013–2018
Figure 29: Kuwaiti Non-Life Insurance – Total Investment Income (KWD Million), 2009–2013
Figure 30: Kuwaiti Non-Life Insurance – Total Investment Income (KWD Million), 2013–2018
Figure 31: Kuwaiti Non-Life Insurance – Retentions (KWD Million), 2009–2013
Figure 32: Kuwaiti Non-Life Insurance – Retentions (KWD Million), 2013–2018
Figure 33: Kuwaiti Non-Life Insurance – Investment Portfolio (KWD Million), 2009–2013
Figure 34: Kuwaiti Non-Life Insurance – Investment Portfolio (Percentage Share), 2009 and 2013
Figure 35: Kuwaiti Non-Life Insurance – Penetration (Percentage of GDP), 2009–2013
Figure 36: Kuwaiti Non-Life Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 37: Kuwaiti Non-Life Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 38: Kuwaiti Non-Life Insurance – Premium per Capita (KWD), 2009–2013
Figure 39: Kuwaiti Property Insurance – Gross Written Premium by Sub-Category (KWD Million), 2009–2018
Figure 40: Kuwaiti Property Insurance – Gross Written Premium Dynamics by Sub-Category (%), 2009–2018
Figure 41: Kuwaiti Property Insurance – Direct Written Premium by Sub-Category (KWD Million), 2009–2018
Figure 42: Kuwaiti Property Insurance – Direct Written Premium Dynamics by Sub-Category (%), 2009–2018
Figure 43: Kuwaiti Property Insurance – Loss Ratio (%), 2009–2013
Figure 44: Kuwaiti Property Insurance – Loss Ratio (%), 2013–2018
Figure 45: Kuwaiti Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 46: Kuwaiti Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 47: Kuwaiti Fire and Allied Perils Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 48: Kuwaiti Fire and Allied Perils Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 49: Kuwaiti Engineering Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 50: Kuwaiti Engineering Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 51: Kuwaiti Engineering Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 52: Kuwaiti Engineering Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 53: Kuwaiti Other Property Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 54: Kuwaiti Other Property Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 55: Kuwaiti Other Property Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 56: Kuwaiti Other Property Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 57: Kuwaiti Motor Insurance – Gross Written Premium by Sub-Category (KWD Million), 2009–2018
Figure 58: Kuwaiti Motor Insurance – Gross Written Premium Dynamics by Sub-Category, 2009–2018
Figure 59: Kuwaiti Motor Insurance – Direct Written Premium by Sub-Category (KWD Million), 2009–2018
Figure 60: Kuwaiti Motor Insurance – Direct Written Premium Dynamics by Sub-Category, 2009–2018
Figure 61: Kuwaiti Motor Insurance – Loss Ratio (%), 2009–2013
Figure 62: Kuwaiti Motor Insurance – Loss Ratio (%), 2013–2018
Figure 63: Kuwaiti Motor Hull Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 64: Kuwaiti Motor Hull Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 65: Kuwaiti Motor Hull Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 66: Kuwaiti Motor Hull Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 67: Kuwaiti Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 68: Kuwaiti Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 69: Kuwaiti Motor Third-Party Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 70: Kuwaiti Motor Third-Party Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 71: Kuwaiti Liability Insurance – Loss Ratio (%), 2009–2013
Figure 72: Kuwaiti Liability Insurance – Loss Ratio (%), 2013–2018
Figure 73: Kuwaiti Liability Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 74: Kuwaiti Liability Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 75: Kuwaiti Liability Insurance – Written Premium (KWD Million), 2009–2013
Figure 76: Kuwaiti Other Liability Insurance – Written Premium (KWD Million), 2013–2018
Figure 77: Kuwaiti Marine, Aviation and Transit Insurance – Gross Written Premium by Sub-Category (KWD Million), 2009–2018
Figure 78: Kuwaiti Marine, Aviation and Transit Insurance – Gross Written Premium Dynamics by Sub-Category (%), 2009–2018
Figure 79: Kuwaiti Marine, Aviation and Transit Insurance – Direct Written Premium by Sub-Category (KWD Million), 2009–2018
Figure 80: Kuwaiti Marine, Aviation and Transit Insurance – Direct Written Premium Dynamics by Sub-Category (%), 2009–2018
Figure 81: Kuwaiti Marine, Aviation and Transit Insurance – Loss Ratio (%), 2009–2013
Figure 82: Kuwaiti Marine, Aviation and Transit Insurance – Loss Ratio (%), 2013–2018
Figure 83: Kuwaiti Marine Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 84: Kuwaiti Marine Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 85: Kuwaiti Marine Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 86: Kuwaiti Marine Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 87: Kuwaiti Aviation Insurance – Number of Policies Sold, 2009–2013
Figure 88: Kuwaiti Aviation Insurance – Number of Policies Sold, 2013–2018
Figure 89: Kuwaiti Aviation Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 90: Kuwaiti Aviation Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 91: Kuwaiti Transit Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 92: Kuwaiti Transit Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 93: Kuwaiti Transit Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 94: Kuwaiti Transit Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 95: Kuwaiti Non-Life Insurance – Gross Written Premium by Distribution Channel (Percentage Share), 2013 and 2018
Figure 96: Kuwaiti Non-Life Insurance – Direct Marketing Commission Paid (KWD Million), 2009–2013
Figure 97: Kuwaiti Non-Life Insurance – Direct Marketing Commission Paid (KWD Million), 2013–2018
Figure 98: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 99: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 100: Kuwaiti Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Figure 101: Kuwaiti Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Figure 102: Kuwaiti Non-Life Insurance – Number of Direct Marketing Distributors, 2009–2013
Figure 103: Kuwaiti Non-Life Insurance – Number of Direct Marketing Distributors, 2013–2018
Figure 104: Kuwaiti Non-Life Insurance – Bancassurance Commission Paid (KWD Million), 2009–2013
Figure 105: Kuwaiti Non-Life Insurance – Bancassurance Commission Paid (KWD Million), 2013–2018
Figure 106: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 107: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 108: Kuwaiti Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Figure 109: Kuwaiti Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Figure 110: Kuwaiti Non-Life Insurance – Number of Bancassurance Distributors, 2009–2013
Figure 111: Kuwaiti Non-Life Insurance – Number of Bancassurance Distributors, 2013–2018
Figure 112: Kuwaiti Non-Life Insurance – Commission Paid to Agencies (KWD Million), 2009–2013
Figure 113: Kuwaiti Non-Life Insurance – Commission Paid to Agencies (KWD Million), 2013–2018
Figure 114: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 115: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 116: Kuwaiti Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Figure 117: Kuwaiti Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Figure 118: Kuwaiti Non-Life Insurance – Number of Agencies, 2009–2013
Figure 119: Kuwaiti Non-Life Insurance – Number of Agencies, 2013–2018
Figure 120: Kuwaiti Non-Life Insurance – E-Commerce Commission Paid (KWD Million), 2009–2013
Figure 121: Kuwaiti Non-Life Insurance – E-Commerce Commission Paid (KWD Million), 2013–2018
Figure 122: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 123: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 124: Kuwaiti Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Figure 125: Kuwaiti Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Figure 126: Kuwaiti Non-Life Insurance – Number of E-Commerce Distributors, 2009–2013
Figure 127: Kuwaiti Non-Life Insurance – Number of E-Commerce Distributors, 2013–2018
Figure 128: Kuwaiti Non-Life Insurance – Commission Paid to Brokers (KWD Million), 2009–2013
Figure 129: Kuwaiti Non-Life Insurance – Commission Paid to Brokers (KWD Million), 2013–2018
Figure 130: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 131: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 132: Kuwaiti Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Figure 133: Kuwaiti Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Figure 134: Kuwaiti Non-Life Insurance – Number of Brokers, 2009–2013
Figure 135: Kuwaiti Non-Life Insurance – Number of Brokers, 2013–2018
Figure 136: Kuwaiti Non-Life Insurance – Commission Paid to Other Channels (KWD Million), 2009–2013
Figure 137: Kuwaiti Non-Life Insurance – Commission Paid to Other Channels (KWD Million), 2013–2018
Figure 138: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2009–2013
Figure 139: Kuwaiti Non-Life Insurance – Gross Written Premium (KWD Million), 2013–2018
Figure 140: Kuwaiti Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Figure 141: Kuwaiti Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Figure 142: Kuwaiti Non-Life Insurance – Number of Distributors in Other Channels, 2009–2013
Figure 143: Kuwaiti Non-Life Insurance – Number of Distributors in Other Channels, 2013–2018
Figure 144: Kuwait – Insurance Regulatory Framework
Figure 145: Kuwait – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 146: Kuwaiti GDP at Constant Prices (US$ Billion), 2009–2013
Figure 147: Kuwaiti GDP Per Capita at Constant Prices (US$), 2009–2013
Figure 148: Kuwaiti GDP at Current Prices (US$ Billion), 2009–2013
Figure 149: Kuwaiti GDP Per Capita at Current Prices (US$), 2009–2013
Figure 150: Kuwaiti GDP by Key Sector (%), 2009 and 2013
Figure 151: Kuwaiti Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2009–2013
Figure 152: Kuwaiti Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2009–2013
Figure 153: Kuwaiti Manufacturing Net Output at Current Prices (US$ Billion), 2009–2013
Figure 154: Kuwaiti Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2009–2013
Figure 155: Kuwaiti Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2009–2013
Figure 156: Kuwaiti Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2009–2013
Figure 157: Kuwaiti Construction Net Output at Current Prices (US$ Billion), 2009–2013
Figure 158: Kuwaiti Construction Output at Current Prices as a Percentage of GDP (%), 2009–2013
Figure 159: Kuwaiti Inflation Rate (%), 2009–2013
Figure 160: Kuwaiti Exports as a Percentage of GDP (%), 2009–2013
Figure 161: Kuwaiti Imports as a Percentage of GDP (%), 2009–2013
Figure 162: Kuwaiti Merchandise Exports Growth (%), 2009–2013
Figure 163: Kuwaiti Merchandise Imports Growth (%), 2009–2013
Figure 164: Kuwaiti Annual Average Exchange Rate US$–KWD, 2009–2013
Figure 165: Kuwaiti Commercial Vehicle Exports – Total Value (US$ Million), 2009–2013
Figure 166: Kuwaiti Commercial Vehicle Imports – Total Value (US$ Million), 2009–2013
Figure 167: Kuwaiti Automotive Exports – Total Value (US$ Million), 2009–2013
Figure 168: Kuwaiti Automotive Imports – Total Value (US$ Billion), 2009–2013
Figure 169: Kuwaiti Internet Subscriptions (Millions), 2009–2013
Figure 170: Kuwaiti Size of Labor Force (Million), 2009–2013
Figure 171: Kuwaiti Unemployment Rate (%), 2009–2013
Figure 172: Kuwaiti Total Population (Million), 2009–2013
Figure 173: Kuwaiti Urban and Rural Populations (%), 2009–2013
Figure 174: Kuwaiti Population Distribution by Age (%), 2009–2013
Figure 175: Kuwaiti Life Expectancy (Number of Years), 2009–2013