Kenya Insurance Report Q4 2016

Date: August 17, 2016
Pages: 68
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

Download PDF Leaflet

Includes 3 FREE quarterly updates

BMI View: We maintain our bullish outlook for the Kenyan insurance sector as a whole, with significant upward revisions to our life sector forecasts over the last quarter. We maintain our expectation that the non-life sectors will post robust and explosive growth over the course of our forecast period out to 2020, with some modest tweaks since our last update. Increases in average household income rates, as well as wider economic growth, is driving demand across the board, although there are some risks to the core expectation of continued strong economic growth, especially in terms of a widening government deficit and weaknesses in the private financial sector.

Key Updates And Forecasts

We now expect the life sector to register growth in gross annual premiums of 13.4% in 2016, taking total premiums written to KES70.4bn, while we expect growth in USD terms of 7.0% this year. Across the period 2016-2020, we anticipate strong annual double digit returns in KES terms and just over 10% per year growth in USD terms.

Our non-life forecasts were already very bullish and we've made some further tweaks this quarter, with gross premiums set to rise by 15.7% in 2016 to KES127.8bn (and 9.2% in USD terms to USD1.2bn), with most sub-sectors benefiting from an accelerating economic growth rate, which is stoking stronger consumer demand.
BMI Industry View
BMI View
  Table: Headline Insurance Forecasts (Kenya 2013-2020)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (Kenya 2013-2020)
  Table: Life Insurance Claims (Kenya 2008-2015)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (Kenya 2013-2020)
  Table: Non-Life Insurance Claims (Kenya 2009-2015)
Non-Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums by Product Line (Kenya 2013-2020)
Insurance Risk/Reward Index
Sub-Saharan Africa Risk/Reward Index
  Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416
Market Overview
Life Market Overview
The Product Offering & Regulatory Environment
The Competitive Landscape
  Table: Company Performance: Life Insurance Market (USDmn) 2008-2014
Non-Life Market Overview
The Product Offering
The Competitive Landscape
  Table: Non-Life Insurance Market (USDmn) 2008-2014
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
Skip to top

Kenya Insurance Report Q1 2016 US$ 1,295.00 Nov, 2015 · 64 pages
Kenya Insurance Report Q2 2016 US$ 1,295.00 Feb, 2016 · 67 pages
Kenya Insurance Report Q3 2016 US$ 1,295.00 May, 2016 · 67 pages
Insurance industry in Kenya: Business Report 2016 US$ 1,160.00 Feb, 2016 · 50 pages

Ask Your Question

Kenya Insurance Report Q4 2016
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: