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“Personal Accident and Health Insurance in Pakistan report release

“Personal Accident and Health Insurance in Pakistan report release

Research and Markets has announced the addition of the Flag_of_Pakistan, Key Trends and Opportunities to 2017″ report to its offerings.In a release, Research and Markets noted that report highlights include:The Pakistani personal accident and health insurance segment demonstrated a robust performance during the review period. The written premium of the segment increased at a CAGR of 22.7 percent during the review period (2008-2012). Growth in the segment was driven by improved economic growth following the global financial crisis, rising healthcare expenditure in the country and increasing government initiatives. Pakistani GDP at constant prices increased from US$107.6 billion in 2008 to US$123.3 billion in 2012, at a review-period CAGR of 3.5 percent. This is expected to remain buoyant over the forecast period. The increasing macroeconomic fundamentals are expected to improve the income levels of Pakistanis, resulting in a rise in volume of personal accident and health insurance products. As such, the personal accident and health segment is projected to grow at a CAGR of 16.3 percent over the forecast period (2012-2017).