Insurance in Kuwait

Insurance in Kuwait industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Kuwait insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2013 average exchange rates.

The Kuwaiti insurance market is expected to generate total gross written premiums of $1.0bn in 2014, representing a compound annual growth rate (CAGR) of 8.9% between 2010 and 2014.

The non-life insurance segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $0.8bn, equivalent to 81.1% of the market's overall value.

The performance of the market is forecast to decelerate, with an anticipated CAGR of 6.9% for the five-year period 2014 – 2019, which is expected to drive the market to a value of $1.4bn by the end of 2019.

Scope

Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Kuwait

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Kuwait

Leading company profiles reveal details of key insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Kuwait insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Kuwait economy

Reasons to buy

What was the size of the Kuwait insurance market by value in 2014?

What will be the size of the Kuwait insurance market in 2019?

What factors are affecting the strength of competition in the Kuwait insurance market?

How has the market performed over the last five years?

Companies mentioned

American International Group, Inc., Gulf Insurance Company and Kuwait Insurance Company S.A.K

Table of Contents

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market rivalry 2

Market Overview 6

Market definition 6

Market analysis 6

Market Data 7

Market value 7

Market Segmentation 8

Category segmentation 8

Geography segmentation 9

Market Outlook 10

Market value forecast 10

Five Forces Analysis 11

Summary 11

Buyer power 12

Supplier power 14

New entrants 16

Threat of substitutes 17

Degree of rivalry 18

Leading Companies 19

American International Group, Inc. 19

Gulf Insurance Company 22

Kuwait Insurance Company S.A.K 25

Methodology 26

Industry associations 27

Related MarketLine research 27

Appendix 28

About MarketLine 28

LIST OF TABLES

Table 1: Kuwait insurance market value: $ million, 201014(e) 7

Table 2: Kuwait insurance market category segmentation: $ million, 2014(e) 8

Table 3: Kuwait insurance market geography segmentation: $ million, 2014(e) 9

Table 4: Kuwait insurance market value forecast: $ million, 201419 10

Table 5: American International Group, Inc.: key facts 19

Table 6: American International Group, Inc.: key financials ($) 20

Table 7: American International Group, Inc.: key financial ratios 20

Table 8: Gulf Insurance Company: key facts 22

Table 9: Gulf Insurance Company: key financials ($) 22

Table 10: Gulf Insurance Company: key financials (KWD) 23

Table 11: Gulf Insurance Company: key financial ratios 23

Table 12: Kuwait Insurance Company S.A.K: key facts 25

LIST OF FIGURES

Figure 1: Kuwait insurance market value: $ million, 201014(e) 7

Figure 2: Kuwait insurance market category segmentation: % share, by value, 2014(e) 8

Figure 3: Kuwait insurance market geography segmentation: % share, by value, 2014(e) 9

Figure 4: Kuwait insurance market value forecast: $ million, 201419 10

Figure 5: Forces driving competition in the insurance market in Kuwait, 2014 11

Figure 6: Drivers of buyer power in the insurance market in Kuwait, 2014 12

Figure 7: Drivers of supplier power in the insurance market in Kuwait, 2014 14

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Kuwait, 2014 16

Figure 9: Factors influencing the threat of substitutes in the insurance market in Kuwait, 2014 17

Figure 10: Drivers of degree of rivalry in the insurance market in Kuwait, 2014 18

Figure 11: American International Group, Inc.: revenues & profitability 21

Figure 12: American International Group, Inc.: assets & liabilities 21

Figure 13: Gulf Insurance Company: revenues & profitability 23

Figure 14: Gulf Insurance Company: assets & liabilities 24

List of Tables

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List of Figures

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