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

About Market Research Reports, Inc.

Market Research Reports, Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Future of the Bruneian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019, New Report Launched

The Future of the Bruneian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019 provides readers with a detailed analysis of both historic and forecast Brunei defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

Key Findings

  • Over the historic period, Bruneian defense expenditure registered a growth rate of 9.50%,increasing from US$403.1million in 2010 to US$579.5 million in 2014
  • Brunei’s military expenditure, valued at US$579.5million in 2014, is expected to increase to US$624.9million by 2019, registering a CAGR of 1.65% over the forecast period
  • The country’s military expenditure will be driven by the country’s modernization initiatives, international terrorism, and border disputes
  • The Defense Ministry is expected to procure C-130J Super Hercules military transport aircraft, S-70i Black Hawk helicopters, C-950 Special Operation boats, and CN235-220 fixed wing maritime patrol aircraft.

Synopsis

This report offers detailed analysis of Brunei’s defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

  • Brunei defense industry market size and drivers: detailed analysis of the Bruneian defense industry during 2015–2019, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s spending patterns and modernization patterns
  • Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by the defense market participants within the country
  • Porter’s Five Force analysis of Brunei defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitutions, intensity of rivalry, and barrier to entry
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
  • Market opportunities: details of the top five defense investment opportunities over the coming 10 years
  • Competitive landscape and strategic insights: analysis of the competitive landscape of Brunei’s defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Reasons to Buy

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of Brunei’s defense industry market trends for the coming five years
  • The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
  • Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of Brunei’s defense industry covering sections including demand drivers, Porter’s Five Force Analysis, Key Trends and Growth Stimulators, and latest industry contracts.

Spanning over 83 pages, Future of the Bruneian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019” report covering the Defense Market Size Historical and Forecast, Defense Procurement Market Dynamics, Industry Dynamics, Market Entry Strategy, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix. The report covered companies are – Royal Brunei Technical Services

For more information see – http://mrr.cm/Z7a

About Market Research Reports, Inc.

Market Research Reports, Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.