OREANDA-NEWS. RnR Market Research Offers Report by Research on Non-Life Insurance in Pakistan.

Synopsis

Timetric's 'Non-Life Insurance in Pakistan, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Pakistani non-life insurance segment, and a comparison of the Pakistani insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Pakistani economy and demographics, explains the various types of natural hazard and their impact on the Pakistani insurance industry, 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 the regulatory structure.

Summary

Timetric's 'Non-Life Insurance in Pakistan, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Pakistani non-life insurance segment, including:

    The Pakistani non-life insurance segment's detailed outlook by product category
    A comprehensive overview of the Pakistani economy and demographics
    A comparison of the Pakistani insurance industry with its regional counterparts
    The various distribution channels in the Pakistani non-life insurance segment
    Detailed analysis of natural hazards and their impact on the Pakistani insurance industry
    Details of the competitive landscape in the non-life insurance segment in Pakistan
    Details of regulatory policy applicable to the Pakistani insurance industry


Scope

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

    It provides historical values for the Pakistani non-life insurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.
    It offers a detailed analysis of the key categories in the Pakistani non-life insurance segment, and market forecasts to 2019.
    It profiles the top non-life insurance companies in Pakistan, and outlines the key regulations affecting them.


Reasons To Buy

    Make strategic business decisions using in-depth historic and forecast market data related to the Pakistani non-life insurance segment, and each category within it.
    Understand the demand-side dynamics, key market trends and growth opportunities in the Pakistani non-life insurance segment.
    Assess the competitive dynamics in the non-life insurance segment.
    Identify growth opportunities and market dynamics in key product categories.
    Gain insights into key regulations governing the Pakistani insurance industry, and their impact on companies and the industry's future.


Key Highlights

    The Pakistani non-life insurance segment grew during the review period, driven by positive economic expansion and favorable government regulations, including a proposed terrorism insurance pool.
    Property insurance was the largest category in terms of gross written premium, and accounted for 59.2% of the non-life segment's gross written premium in 2014.
    Public awareness of the benefits of insurance cover is increasing due to the high-frequency of natural disasters and terrorist attacks.
    Motor insurance for imported cars is often priced higher than insurance for conventional Pakistani-bought cars. The higher price and rising costs for repairs associated with imported cars is expected to encourage Pakistani customers to invest in motor insurance policies, thereby increasing demand over the forecast period.
    The sale of general insurance has traditionally been conducted through agents in Pakistan and the continuation of this trend is reflected in the dominance it exhibits as the leading distribution channel.
    The segment is highly concentrated with the 10 leading companies collectively accounting for 80.8% of the segment's gross written premium in 2014.