• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Pakistan Insurance Report 2013 - Product Image

Pakistan Insurance Report 2013

  • ID: 2313632
  • November 2012
  • Region: Pakistan
  • 61 pages
  • Business Monitor International

As is the case in previous years, it is very easy to identify points of weakness in Pakistan’s insurance sector. Non-life penetration and life density – our key metrics – are at very low levels. Because of declining motor premiums, non-life penetration has been falling. The largest companies in each of the main segments are public sector entities that are manifestly less dynamic than their private sector rivals.

Over 90% of the population does not use life insurance. Only four multi-national insurers – MetLife Alico (in life), Chartis (in non-life), Allianz (in health insurance) and Hollard (in life) consider it desirable to maintain a presence. Most of the non-life insurers are tiny companies with low retention ratios and low pricing power. None of the largest indigenous companies have scale in an international context. Takaful contributions are minimal – despite being the country with the world’s second- or thirdlargest Muslim population.

Nevertheless, Pakistan, like Kenya (the country with which BMI considers Pakistan to be most comparable), has a national insurance sector where resilience and innovation are very key concepts. In READ MORE >

Note: Product cover images may vary from those shown

Executive Summary 5
Table: Pakistan’s Total Premiums, 2010-2017 5

Key Insights And Key Risks 5

SWOT Analysis 7

Pakistan Insurance Industry SWOT 7

Pakistan Political SWOT 9

Pakistan Economic SWOT 10

Pakistan Business Environment SWOT 11

Life Sector Overview 12

Asia-Pacific Life Sector Overview 12
Table: Asia Pacific Life Premiums, 2010-2017 (US$mn) 12

Pakistan Life Sector Update 14

Life Industry Forecast Scenario 16
Table: Pakistan’s Life Premiums, 2010-2017 16

Growth Drivers And Risk Management Projections 16

Population 16
Table: Insurance Key Drivers – Demographics, 2010-2017 17

Non- Life Sector Overview 18

Asia-Pacific Non-Life Sector Overview 18
Table: Asia Pacific’s Non-Life Premiums, 2010-2017 (US$mn) 18

Pakistan Non-Life Sector Update 19

Non- Life Industry Forecast Scenario 21
Table: Pakistan’s Non-Life Premiums, 2010-2017 21

Growth Drivers And Risk Management Projections 22

Macroeconomic Outlook 22
Table: Pakistan – Economic Activity, 2011-2016 26
Table: Pakistan’s Macroeconomic Data And Forecasts 2010-2017 26

Political Stability Outlook 27
Table: Asia Pacific Regional Security Ratings 29

Healthcare 29

Epidemiology 31
Table: Insurance Key Drivers, Disease Adjusted Life Years, 2010-2017 32

Motor 34

Islamic Finance 35

Insurance Risk/Reward Ratings 36
Table: Pakistan’s Insurance Risk/Reward Ratings 36
Table: Asia Pacific Insurance Risk/Reward Ratings 37

Competitive Landscape 38

Major Players In Pakistan’s Insurance Sector 38

Company Profiles 40

Adamjee Insurance Co Ltd Adamjee Life 40

EFU General/EFU Life/Allianz EFU Health Insurance 43

Jubilee General Insurance Co Limited/ Jubilee Life 46

National Insurance Company Limited (NICL) 49

State Life Insurance Corporation of Pakistan (SLIC) 51

Country Snapshot 53
Table: Pakistan's Population By Age Group, 1990-2020 ('000) 54
Table: Pakistan's Population By Age Group, 1990-2020 (% of total) 55
Table: Pakistan's Key Population Ratios, 1990-2020 56
Table: Pakistan's Rural And Urban Population, 1990-2020 56

BMI Methodology 57

Insurance Risk/Reward Ratings 58
Table: Insurance Risk/Reward Indicators And Rationale 59
Table: Weighting Of Indicators 60

Note: Product cover images may vary from those shown

Adamjee Insurance Co Ltd/Adamjee Life
EFU General/EFU Life/Allianz EFU Health Insurance
Jubilee General Insurance Co Limited/ Jubilee Life
National Insurance Company Limited (NICL)
State Life Insurance Corporation of Pakistan (SLIC)

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos