Pakistani Life Insurance Sector Scrutinised in In-demand Timetric Research Report Recently Published at MarketPublishers.com08 Jul 2015 • by Natalie Aster
LONDON – The life insurance sector dominated Pakistan’s insurance industry as of 2013, capturing more than 63% of its total gross written premium (GWP). The domestic life insurance industry is very concentrated, with the top 3 companies grabbing over 90% of the sector’s total GWP in 2013.
Life insurance is distributed through different channels, of which the agencies channel captured the largest share with more than 46% of the segment’s GWP in 2013.
As Pakistan is a Muslim-majority nation and conventional insurance products are incompatible with the Islamic law, there is a big risk related to conventional products.
Increasing crime and fraud are one of the most significant challenges that Pakistani life insuring firms operating domestically are facing with.
The low penetration levels reveal the sector has good growth potential, and insuring companies are targeting clients by delivering different conventional life insurance products like individual whole life, individual term as well as pension and group life insurance products.
In-demand report “Life Insurance in Pakistan, Key Trends and Opportunities to 2018” created by Timetric provides a detailed, unprejudiced analysis of Pakistan’s life insurance sector. It examines key market trends, challenges & drivers in the segment; analyses distribution channels operating in the sector, sheds light on the trends and growth opportunities in the industry, and provides granular information on the competitive scenario in the country. The research study offers unrivalled access to all-round information on the market dynamics and competitive advantages, and detailed profiles of insuring firms operating across Pakistan. Furthermore, details about insurance regulations, and the latest changes in the regulatory structure can also be found in the study.
Companies discussed encompass: EFU Life, State Life Insurance Corporation of Pakistan, ALICO (metlife), Jubilee Life Insurance Company Ltd, Asia Care Health, Adamjee Life, and East West Life.
Life Insurance in Pakistan, Key Trends and Opportunities to 2018
Published: June, 2015
Price: US$ 1,950.00
More in-demand studies by the publisher can be found at Timetric page.