The Insurance Industry in Brunei, Key Trends and Opportunities to 2018, New Report Launched

The Bruneian insurance industry grew at a review-period CAGR of 4.8%. The industry was supported by growth in the personal accident and health segment, with a review-period CAGR of 7.3%, and the non-life segment with a CAGR of 5.7%. The industry is expected to grow at a forecast-period CAGR of 2.0%. The expanding life segment is expected to contribute to the industry’s overall growth over the forecast period. Other factors will include the rising population, increasing exports of crude oil, and the low inflation rate.

The report provides in-depth industry analysis, information and insights of the insurance industry in Brunei, including:

• The Bruneian insurance industry’s growth prospects by insurance segments and categories
• The competitive landscape in the Bruneian insurance industry
• The current trends and drivers of the Bruneian insurance industry
• Challenges facing the Bruneian insurance industry
• Detailed regulatory framework of the Bruneian insurance industry

Scope

This report provides a comprehensive analysis of the insurance industry in Brunei:

• It provides historical values for the Bruneian insurance industry for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key segments and categories in the Bruneian insurance industry, along with forecasts until 2018.
• 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 leading insurance companies in Brunei, and outlines the key regulations affecting them.

Reasons to Buy

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

Key Highlights

• The Bruneian insurance industry is small and overcrowded, despite a number of companies leaving the industry in recent years
• Low awareness levels among Bruneians regarding insurance are a major hindrance to growth for the Bruneian insurance industry
• The life insurance segment accounted for a share of 51.7% of the total Bruneian insurance gross written premium value in 2013
• Takaful insurance has a strong presence in the insurance industry, particularly in motor insurance. Conventional insurance is increasingly losing ground to takaful, particularly in the non-life segment
• Despite being listed as a developed country, Brunei’s insurance penetration was just 0.64% in 2013, far lower than other developed countries such as Singapore, which had an insurance penetration of 7.7% in 2012
• The low insurance penetration in Brunei reflects a large untapped market, reflecting the insurance industry’s immense growth potential

Spanning over 165 pages, “The Insurance Industry in Brunei, Key Trends and Opportunities to 2018” report covering the Executive Summary, Introduction, Bruneian Insurance Industry Overview, Industry Segmentation, Governance, Risk and Compliance, Competitive Landscape, Macroeconomic Indicators, Appendix. The report covered companies are - National Insurance Company Bhd, AIA Brunei, Tokio Marine Insurance Singapore Ltd, Standard Insurance Sdn Bhd.

Know more about this report at – http://mrr.cm/ZVL