Personal Accident and Health Insurance in Kuwait, Key Trends and Opportunities to 2017

Date: 2015-09

The personal accident and health insurance segment was the second-largest segment in the Kuwaiti insurance industry in 2012, accounting for 19.7% of total industry premiums. The segmentโ€™s value increased during the review period (2008โ€“2012) at a compound annual growth rate (CAGR) of 17.9% . Health insurance accounted for the largest share of the segmentโ€™s written premiums in 2012 with 74.4%. Insurance brokers and agencies were the main channels of distribution in 2012, accounting for 51.5% and 39.0% of the written premium new business respectively. The segment is expected to retain its position as the second-largest segment over the forecast period (2012โ€“2017). It will be supported by the countryโ€™s rising healthcare expenditure and improving consumer awareness regarding the benefits of personal accident and health insurance.

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