Kenya Insurance Report Q1 2016

Date: November 18, 2015
Pages: 64
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: Kenya's non life market is relatively well established, though coverage remains low and penetration is restricted compared to more mature markets. The life insurance market is less welldeveloped, hampered by low household income levels and a general lack of demand for retirement and later in life savings products due to the low life expectancy rate in the country. Moving forward, wider economic growth will support an expansion in both life and non-life premiums throughout our forecast period, making Kenya's insurance sector an increasingly attractive prospect for regional and international insurance providers.

Key Updates and Forecasts
  • Kenya's Insurance Regulatory Authority has reportedly formed an agreement with Namibia's Financial Institutions Supervisory Authority to share information in order to facilitate the entry or expansion of Kenyan insurance firms into the Namibian market.
  • Kenya Deposit Insurance Corporation has been appointed to take over management of Imperial Bank which was taken over by regulators and placed under statutory management.
  • Britam will reportedly spend KES3bn on a new IT system to unify operating practices across its businesses in seven markets (Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi) as part of group strategy to expand in the region.
BMI Industry View
  Table: Headline Insurance Forecasts (Kenya 2012-2019)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (Kenya 2012-2019)
  Table: Life Insurance Claims (Kenya 2007-2014)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (Kenya 2012-2019)
  Table: Non-Life Insurance Claims (Kenya 2008-2014)
Non-Life Sub-Sector Forecast
  Table: Non Life Insurance Premiums by Product Line (Kenya 2012-2019)
Industry Risk Reward Ratings
Sub-Saharan Africa Risk/Reward Index
  Table: Sub-Saharan Africa Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
  Table: Company Performance: Life Insurance Market (USDmn) 2007-2014
Non-Life Market Overview
The Product Offering
The Competitive Landscape
  Table: COMPANY PERFORMANCE: Non-Life Insurance Market (USDmn) 2007-2014
Company Profile
British American Insurance Company (Kenya)
Jubilee Insurance
Liberty Holdings
MMI Holdings
Old Mutual
Pan Africa Life Assurance
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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