Reinsurance in Kuwait, Key Trends and Opportunities to 2017

Published: May, 2014 | Pages: 65 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


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.  
Reason 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

 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 Dymics 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 Persol 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 fincials
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 tiol 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 Fincials (KWD Million), 2008-2012