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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Pakistani non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Pakistan's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Pakistan non-life (P&C) market as well as trends by line of business. Axco analysts also report on Pakistan's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Pakistan's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Pakistan, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Pakistan, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Oman with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Pakistan's political history has been marked by a significant degree of instability in the past and it is faced currently with extremely challenging economic conditions. Nevertheless, the insurance market is characterised by a number of very well-managed insurance companies which appear to have been successful in overcoming significant local barriers to the promotion of the benefits of insurance to companies and individuals. Penetration of life and non-life insurance in Pakistan remains, however, very low ....
This is a brief extract of information; more updated information may be available in the latest published report.