Bruneian Insurance Industry Studied in New Timetric Research Report Recently Published at MarketPublishers.com14 Nov 2014 • by Natalie Aster
LONDON - In 2009-2013, the insurance industry grew at a CAGR of approximately 5% in Brunei, with the non-life segment demonstrating a CAGR of about 6%. In the meantime, the personal accident and health segment grew at a CAGR of more than 7% over the same time frame.
Though a number of players have left the market over the past few years, the local industry remains overcrowded. In 2013, country’s insurance penetration was slightly higher 0.6% and the life insurance segment held the lion’s share of the industry’s gross written premium value.
In 2013-2018, the industry is expected to show a CAGR of 2%, spurred by expansion of the life segment. An increase in exports of crude oil, population growth as well as low inflation rate are among other factors encouraging the industry growth. However, low awareness levels amid the local community regarding insurance may constrain the growth.
Topical market research report “The Insurance Industry in Brunei, Key Trends and Opportunities to 2018” developed by Timetric offers up-close examination of the insurance industry in Brunei.
Providing a bird’s eye view of the industry, the study concentrates on industry trends, drivers as well as challenges. It includes historical values for the 2009-2013 review period and canvasses regulatory framework. The report analyses segments and categories in the industry in detail; scrutinizes the competitive landscape and profiles leading competitors. The research study reviews macroeconomic indicators and forecasts industry development forecast until 2018. The following parameters are covered in the report: combined ratio, loss ratio, incurred loss, written premium, and more.
The Insurance Industry in Brunei, Key Trends and Opportunities to 2018
Published: October, 2014
Price: US$ 1,950.00
Other Insurance Industry Reports by Timetric Include:
- Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2018
- Life Insurance Premiums and Claims in Palestine to 2018: Market Brief
- Life Insurance in India, Key Trends and Opportunities to 2018
- Personal Accident and Health Insurance in the UK, Key Trends and Opportunities to 2018
Other insightful market research studies by the publisher can be found at Timetric page.