Insurance Industry in kenya: Global Trends, Market Analysis, Drivers, Opportunities and Forecast to 2018

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Main Title
Market Research Report 
The Insurance Industry in Kenya, Key Trends and
Opportunities to 2018
reportscue
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Synopsis The report provides in-depth industry
analysis, information and insights into the
insurance industry in Kenya, including The
Kenyan insurance industrys growth prospects by
insurance segment and category  The
competitive landscape in the Kenyan insurance
industry The current trends and drivers in the
Kenyan insurance industry Challenges facing
the Kenyan insurance industry The detailed
regulatory framework of the Kenyan insurance
industry
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Report OverviewAccording to the World Bank,
Kenya is the ninth-largest economy in Africa. The
countrys real GDP increased from KES1.7 trillion
(US22.2 billion) in 2009 to KES2.3 trillion
(US26.9 billion) in 2013, at a compound annual
growth rate (CAGR) of 4.9. Economic growth
slowed in 2008-2009 due to the global financial
crisis, political instability and a decline in
exports. Currency depreciation and elevated
inflation rates were other factors that
contributed to the slowdown. The economy began a
period of recovery in 2010, as a result of the
strong performance of the agriculture,
manufacturing and real estate sectors. The
Kenyan insurance industry grew at a CAGR of 20.3
during the review period. This growth was
achieved due to various factors, such as the
expansion of the distribution network and premium
growth. The personal accident and health
insurance segment registered a CAGR of 28.8
during the review period (2009-2013). Health
insurance was one of the fastest growing
categories within the segment, and accounted for
86.3 of the total personal accident and health
segments share in 2013. Approval of the two
newly licensed medical insurance underwriters in
2012 supported the growth of the health insurance
category, at a CAGR of 41.2 during 2010-2013.
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Scope This report provides a comprehensive
analysis of the insurance industry in Kenya
It provides historical values for the Kenyan
insurance industry for the reports 2009-2013
review period, and projected figures for the
2013-2018 forecast period. It offers a
detailed analysis of the key segments and
categories in the Kenyan insurance industry,
along with forecasts until 2018. It covers an
exhaustive list of parameters, including written
premium, incurred loss, loss ratio, commissions
and expenses, combined ratio, total assets, total
investment income and retentions. It profiles
the top insurance companies in Kenya, and
outlines the key regulations affecting them.
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Key Highlights The Kenyan insurance industry
is small in global terms, however it is
competitive The Kenyan insurance industry grew
at a CAGR of 20.3 during the review period
Health insurance was one of the fastest growing
categories within personal accident and health
segment The loss ratio for Kenyan life and
non-life insurers reduced during the review
period. For life insurers, this decreased from
50.5 in 2009 to 46.7 in 2013, while for
non-life insurers it decreased from 60.1 to
56.4 The insurance industry of Kenya is
supervised and regulated by the Insurance
Regulatory Authority (IRA) The industry is
served by 48 insurance companies, of which 23 are
in life insurers and 36 are in non-life insurers
(including personal accident and health
insurance) 
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Table of Contents1 Executive Summary 2
Introduction3 Kenyan Insurance Industry
Overview 4 Industry Segmentation5 Governance,
Risk and Compliance 6 Competitive Landscape 7
Macroeconomic Indicators8 Appendix
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Reason To Buy Make strategic business
decisions using in-depth historic and forecast
industry data related to the Kenyan insurance
industry and each segment within it.
Understand the demand-side dynamics, key trends
and growth opportunities in the Kenyan insurance
industry. Assess the competitive dynamics in
the Kenyan insurance industry. Identify the
growth opportunities and market dynamics in key
segments. Gain insights into key regulations
governing the Kenyan insurance industry, and
their impact on companies and the industry's
future. To Get Details http//www.reportscue.c
om/the-insurance-industry-in-kenya-key-trends-and-
opportunities-to-2018-market