Pakistan Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Pakistan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Pakistani non-life insurance market had total gross written premiums of $0.9 million in 2022, representing a compound annual growth rate (CAGR) of 14.2% between 2017 and 2022.
- The Property segment accounted for market's the largest proportion in 2022, with total gross written premiums of $0.5 million, equivalent to 55.7% of the market's overall value.
- The Pakistani non-life insurance market has experienced strong growth in recent years. The market grew at 7.0% in 2022, as compared to a high of 15.4% in 2021.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Pakistan
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Pakistan
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Pakistan non-life insurance market with five year forecasts
- What was the size of the Pakistan non-life insurance market by value in 2022?
- What will be the size of the Pakistan non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Pakistan non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Pakistan's non-life insurance market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What are the strengths of leading players?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. Adamjee Insurance Co Ltd
- 8.2. EFU General Insurance Co Ltd
- 8.3. Jubilee General Insurance Co Ltd
- 8.4. TPL Insurance Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Pakistan non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Pakistan non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Pakistan non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Pakistan non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Pakistan non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Pakistan non-life insurance market share: % share, by value, 2022(e)
- Table 7: Adamjee Insurance Co Ltd: key facts
- Table 8: Adamjee Insurance Co Ltd: Annual Financial Ratios
- Table 9: Adamjee Insurance Co Ltd: Key Employees
- Table 10: EFU General Insurance Co Ltd: key facts
- Table 11: EFU General Insurance Co Ltd: Annual Financial Ratios
- Table 12: EFU General Insurance Co Ltd: Key Employees
- Table 13: EFU General Insurance Co Ltd: Key Employees Continued
- Table 14: Jubilee General Insurance Co Ltd: key facts
- Table 15: Jubilee General Insurance Co Ltd: Annual Financial Ratios
- Table 16: Jubilee General Insurance Co Ltd: Key Employees
- Table 17: Jubilee General Insurance Co Ltd: Key Employees Continued
- Table 18: TPL Insurance Ltd: key facts
- Table 19: TPL Insurance Ltd: Annual Financial Ratios
- Table 20: Pakistan size of population (million), 2018–22
- Table 21: Pakistan exchange rate, 2017–21
- List of Figures
- Figure 1: Pakistan non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Pakistan non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Pakistan non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Pakistan non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Pakistan, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Pakistan, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Pakistan, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Pakistan, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Pakistan, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Pakistan, 2022
- Figure 11: Pakistan non-life insurance market share: % share, by value, 2022(e)
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