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(MoneyNewsWire.Net, June 09, 2015 ) The "Reinsurance Market in Kuwait to 2018" report provides detailed analysis of the market trends, drivers, challenges in the Kuwaiti reinsurance segment. It provides values of a number of Key Performance Indicators (KPI) such as written premium, reinsurance ceded and reinsurance accepted during the review period (2009–2013) and forecast period (2013–2018). The report also analyses information pertaining to the competitive landscape in the country.
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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 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 reinsurance segment, along with market forecasts until 2018.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Kuwait and its growth prospects.
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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 in the Kuwaiti reinsurance 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.
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Key highlights:-
The reinsurance segment posted a review-period (2009–2013) compound annual growth rate (CAGR) of 10.9% in terms of premium accepted
Reasons for the growth in demand for reinsurance in the Kuwaiti insurance industry include underdeveloped underwriting skills, limited minimum capital requirements and a high demand for reinsurance.
The personal accident and health segment accounted for the highest share in terms of premium ceded during the review period. The segment ceded 50.9% of its written premiums to reinsurance in 2013.
Insurance companies in Kuwait cede a large percentage of their gross written premium to reinsurers.
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