New Market Research Report: Kenya Insurance Report Q3 2011

Recently published research from Business Monitor International, "Kenya Insurance Report Q3 2011", is now available at Fast Market Research
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July 6, 2011 - PRLog -- Key Insights And Key Risks

*  The overall insurance sector remains fairly resilient but is very sensitive to changes in regulations that affect companies' ability to adapt products to their operating environment.
 *  Published results in relation to calendar 2010 have generally been good.
 *  The main opportunities are in the further development of micro-insurance products.
 *  The industry is fairly fragmented and there may well be further consolidation.
 *  By the end of the forecast period, Kenya's insurance sector will remain underdeveloped by most metrics but will also continue to grow ahead of much of the rest of Africa.

Full Report Details at

Despite doubtful stability in the country's politics, improving economic conditions have helped Kenya's insurance industry to rebound from its low point in 2008 and grow. The sector is fairly fragmented and focused on local players. The foreign insurers that do operate in Kenya have a high tolerance of emerging market risks and low exposure to the volatility of capital markets in the wake of the global financial crisis.

A new development in early 2011 has been the launch of shari'a-compliant insurance products by Takaful Insurance of Africa (which is partially owned by CIC). The company plans to make the products accessible to as much of the Kenyan population as possible, particularly small and medium-sized businesses.

The industry struggles with two significant challenges. The first is the lack of knowledge about insurance. Companies in the marketplace have taken the strong economic growth as an opportunity to expand regionally, opening local offices to try to increase the level of insurance knowledge in the general public. The second challenge is price. All the major players are involved, to varying degrees, in the development of micro-insurance products that aim to get people covered at a price they can afford to keep paying.

A change in regulation has forced the separation of life and non-life products and restricted the growth of the life insurance sector through micro-insurance. The life sector is unlikely to see much growth over the next few years without regulatory intervention. At the moment, life insurance does not represent a major vehicle for long-term savings by Kenyan households.

The non-life segment appears to have been more resilient in the face of economic and political turmoil. We have seen lots of new products launched, most of which are particularly tied in to the micro-insurance segment. It is not as vulnerable to changes in the political and economic conditions in the country and we expect to see this sector grow and grow, even if it takes time to do so.

Report Table of Contents:

Executive Summary
- Table: Total Premiums, 2005-2015
- Key Insights And Key Risks
SWOT Analysis
- Kenya Insurance Industry SWOT
- Kenya Political SWOT
- Kenya Economic SWOT
- Kenya Business Environment SWOT
- Africa Life Sector Overview
- Table: Middle East And Africa's Life Premiums, 2008-2015 (US$mn)
- Kenya Life Sector Update
- Life Industry Forecast Scenario
- Table: Total Life Premiums, 2007-2015
- Growth Drivers And Risk Management Projections
- Population
- Table: Insurance Sector Key Drivers - Demographics, 2005-2015
- Africa Non-Life Sector Overview
- Table: Middle East And Africa's Non-Life Premiums, 2008-2015 (US$mn)
- Kenya Non-Life Sector Update
- Table: Breakdown Of Non-Life Premiums, 2008 And 2009 (KESmn)
- Non-Life Industry Forecast Scenario
- Table: Total Non-Life Premiums, 2005-2015
- Growth Drivers And Risk Management Projections
- Macroeconomic Outlook
- Table: Kenya Economic Activity, 2008-2015
- Political Stability Overview
- Healthcare
- Health Insurance
- Epidemiology
- Table: Insurance Sector Key Drivers - Disability-Adjusted Life Years, 2008-2015
- Tourism
- Table: Insurance Sector Key Drivers - Tourism, 2007-2015
Insurance Risk/Reward Ratings
- Table: Kenya's Insurance Risk/Reward Ratings
- Table: Middle East And Africa Insurance Risk/Reward Ratings
Competitive Landscape
- Major Players In Kenya's Insurance Sector
- Table: Non-Life Companies' Premiums And Market Share, 2008-2009
- Table: Life Companies' Market Shares, 2009 (KESmn)
Company Profiles
- APA Insurance
- Apollo
- Blue Shield Insurance
- Jubilee Holdings
- Kenindia
- Pan Africa
BMI Methodology
- Insurance Risk/Reward Ratings
- Table: Insurance Risk/Reward Indicators And Rationale
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at

About Fast Market Research

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For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
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Tags:Insurance, Non-life, Premiums, Firms, Kenindia, Pan, Insurers, Apa
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