New Financial Services research report from Timetric is now available from Fast Market Research

Boston, MA -- (SBWire) -- 01/30/2013 --The Kenyan insurance industry grew in written premium value at a CAGR of 17.5% during the review period. The growth was mainly contributed to by the non-life insurance segment. The non-life insurance segment accounted for 53.7% of total Kenyan insurance written premiums in 2011. Kenya's information technology and mobile payment systems have undergone a recent transformation and the country now has M-Pesa (launched in 2007), one of the most developed mobile payment systems. Insurance companies have used this technology, introducing a platform called M-BIMA by CIC Insurance.

Key Highlights

- The Kenyan insurance industry grew in written premium value at a CAGR of 17.5% during the review period.
- The growth was mainly contributed to by the non-life insurance segment.
- The non-life insurance segment accounted for 53.7% of total Kenyan insurance written premiums in 2011.
- Kenya's information technology and mobile payment systems have undergone a recent transformation and the country now has M-Pesa (launched in 2007), one of the most developed mobile payment systems.
- Insurance companies have used this technology, introducing a platform called M-BIMA by CIC Insurance.

View Full Report Details and Table of Contents

Scope

This report provides a comprehensive analysis of the insurance market in Kenya:

- It provides historical values for the Kenyan insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period
- It offers a detailed analysis of the key segments and sub-segments in the Kenyan insurance market, along with market forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Kenya and outlines the key regulations affecting them

Reasons to Get this Report

- Make strategic business decisions using in depth historic and forecast market data related to the Kenyan insurance industry and each segment within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Kenyan insurance market
- Assess the competitive dynamics in the Kenyan insurance market
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Kenyan insurance market and its impact on companies and the industry's future

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