866-997-4948(US-Canada Toll Free)

Personal Accident and Health Insurance in Pakistan, Key Trends and Opportunities to 2019

Published By :

Timetric

Published Date : Jun 2016

Category :

Health Insurance

No. of Pages : 89 Pages

Synopsis
Timetrics 'Personal Accident and Health Insurance in Pakistan, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Pakistani personal accident and health insurance segment.

It provides 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 (20102014) and forecast period (20142019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Pakistani economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics 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
Timetrics 'Personal Accident and Health Insurance in Pakistan, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Pakistani personal accident and health insurance segment, including:

The Pakistani personal accident and health insurance segments growth prospects by insurance category

Key trends, drivers and challenges for the personal accident and health insurance segment

A comprehensive overview of the Pakistani economy and demographics

The various distribution channels in the Pakistani personal accident and health insurance segment

Details of the competitive landscape in the personal accident and health insurance segment in Pakistan

Details of regulatory policy applicable to the Pakistani insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Pakistan:

It provides historical values for the Pakistani personal accident and health insurance segment for the reports 20102014 review period, and projected figures for the 20142019 forecast period.

It offers a detailed analysis of the key categories in the Pakistani personal accident and health insurance segment, and market forecasts to 2019.

It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Pakistani personal accident and health insurance segment.

Assess the competitive dynamics in the personal accident and health 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
Pakistans personal accident and health insurance segment performed robustly during the review period at a review-period CAGR of 33.0%.

An improving economic performance is expected to fuel income levels in Pakistan, resulting in a rise in the volume of personal accident and health products.

The penetration of health insurance in Pakistan is low when compared to other Asian countries such as India and China.

Pakistans public healthcare system faces challenges in the form of rural-urban disparities in healthcare delivery, an insufficient number of doctors, nurses, medical technicians, and limited choice in terms of physician practitioners.

In addition to underwriting profits, Pakistani personal accident and health insurance insurers are focusing on generating returns on investments, aided by improving economic conditions.

Health insurers are also partnering with organizations outside the segment to offer health insurance plans to customers in order to increase their market share.
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Personal Accident and Health Insurance Segment Outlook
4.1 Key Drivers
4.2 Key Trends
4.3 Challenges
4.4 Personal Accident and Health Insurance Growth Prospects by Category
5 Analysis by Distribution Channel
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Pakistani Personal Accident and Health Insurance Segment
6.2.1 Allianz EFU Health Insurance Ltd company overview
6.2.2 AsiaCare Health & Life Insurance Company Ltd company overview
6.2.3 Adamjee Insurance Company Ltd company overview
6.2.4 East West Life Assurance Company Ltd company overview
6.2.5 EFU General Insurance Ltd company overview
6.2.6 IGI Insurance Ltd company overview
6.2.7 Askari General Insurance Company Ltd company overview
6.2.8 Jubilee General Insurance Company Ltd company overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance
7.4.2 Workmens compensation insurance
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors (IAIS)
7.5.2 Securities and Exchange Commission of Pakistan
7.5.3 Insurance Association of Pakistan (IAP)
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution (ADR)
8 Definitions and Methodology
8.1 Definitions
8.2 Methodology
9 About Timetric
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetrics Services
9.4 Disclaimer

List of Tables
Table 1: Pakistani Personal Accident and Health Insurance Key Facts, 2014
Table 2: Pakistani Government Credit Ratings
Table 3: Pakistani Personal Accident and Health Insurance Net Earned Premium (PKR Billion), 20102014
Table 4: Pakistani Personal Accident and Health Insurance Net Earned Premium (PKR Billion), 20142019
Table 5: Pakistani Personal Accident and Health Insurance Loss Ratio (%), 20102014
Table 6: Pakistani Personal Accident and Health Insurance Loss Ratio (%), 20142019
Table 7: Pakistani Personal Accident and Health Insurance Commission and Expenses (PKR Billion), 20102014
Table 8: Pakistani Personal Accident and Health Insurance Commission and Expenses (PKR Billion), 20142019
Table 9: Pakistani Personal Accident and Health Insurance Combined Ratio (%), 20102014
Table 10: Pakistani Personal Accident and Health Insurance Combined Ratio (%), 20142019
Table 11: Pakistani Personal Accident and Health Insurance Total Assets (PKR Billion), 20102014
Table 12: Pakistani Personal Accident and Health Insurance Total Assets (PKR Billion), 20142019
Table 13: Pakistani Personal Accident and Health Insurance Total Investment Income (PKR Million), 20102014
Table 14: Pakistani Personal Accident and Health Insurance Total Investment Income (PKR Billion), 20142019
Table 15: Pakistani Personal Accident and Health Insurance Net Written Premium (Percentage of Gross Written Premium), 20102014
Table 16: Pakistani Personal Accident and Health Insurance Net Written Premium (Percentage of Gross Written Premium), 20142019
Table 17: Pakistani Personal Accident and Health Insurers, 2014
Table 18: Allianz EFU Health Insurance Ltd Key Facts
Table 19: Pakistani AsiaCare Health & Life Insurance Company Ltd Key Facts
Table 20: Adamjee Insurance Company Ltd Key Facts
Table 21: Pakistani East West Life Assurance Company Ltd Key Facts
Table 22: EFU General Insurance Ltd Key Facts
Table 23: lGI Insurance Ltd Key Facts
Table 24: Askari General Insurance Company Ltd Key Facts
Table 25: Jubilee General Insurance Company Ltd Key Facts
Table 26: Pakistan Insurance Regulatory Framework Key Features
Table 27: Pakistan Life Insurance Regulatory Framework
Table 28: Pakistan Minimum Financial Protection for Unit-linked insurance Products
Table 29: Pakistan Property Insurance Regulatory Framework
Table 30: Pakistan Motor Insurance Regulatory Framework
Table 31: Pakistan Liability Insurance Regulatory Framework
Table 32: Pakistan Corporate Tax Rates for the Financial Year 2016
Table 33: Insurance Industry Definitions

List of Figures
Figure 1: Pakistani Real GDP (PKR Trillion), 20102019
Figure 2: PKR US$ Exchange Rate, 20102019
Figure 3: Pakistani Consumer Price Inflation, 20102019
Figure 4: Pakistani Current Account Balance as Percentage of GDP (%), 20102014
Figure 5: Pakistani Unemployment Rate, 20102019
Figure 6: Pakistani Population by Age Group, 19912025
Figure 7: Pakistani Personal Accident and Health Insurance Net Earned Premium (PKR Billion), 20102014
Figure 8: Pakistani Personal Accident and Health Insurance Net Earned Premium (PKR Billion), 20142019
Figure 9: Pakistani Personal Accident and Health Insurance Loss Ratio (%), 20102014
Figure 10: Pakistani Personal Accident and Health Insurance Loss Ratio (%), 20142019
Figure 11: Pakistani Personal Accident and Health Insurance Commission and Expenses (PKR Billion), 20102014
Figure 12: Pakistani Personal Accident and Health Insurance Commission and Expenses (PKR Billion), 20142019
Figure 13: Pakistani Personal Accident and Health Insurance Combined Ratio (%), 20102014
Figure 14: Pakistani Personal Accident and Health Insurance Combined Ratio (%), 20142019
Figure 15: Pakistani Personal Accident and Health Insurance Total Assets (PKR Billion), 20102014
Figure 16: Pakistani Personal Accident and Health Insurance Total Assets (PKR Billion), 20142019
Figure 17: Pakistani Personal Accident and Health Insurance Total Investment Income (PKR Million), 20102014
Figure 18: Pakistani Personal Accident and Health Insurance Total Investment Income (PKR Billion), 20142019
Figure 19: Pakistani Personal Accident and Health Insurance Net Written Premium (Percentage of Gross Written Premium), 20102014
Figure 20: Pakistani Personal Accident and Health Insurance Net Written Premium (Percentage of Gross Written Premium), 20142019
Figure 21: Pakistani Personal Accident and Health Insurance Investment Portfolio (PKR Billion), 20102014
Figure 22: Pakistani Personal Accident and Health Insurance Investment Portfolio (Percentage Share), 2010 and 2014
Figure 23: Pakistani Personal Accident and Health Insurance Penetration (Ratio of Direct Premiums to GDP), 20102014
Figure 24: Pakistani Personal Accident and Health Insurance Density (Direct Premium per Capita), 20102014
Figure 25: Pakistan Insurance Supervision and Control at Various Levels
Figure 26: Pakistan Insurance Regulatory Frameworks for Company Registration and Operation

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title *
  • Company *
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *