Wednesday, February 8, 2017

Aftermath of change in tax structure-Cigarette Market in Cambodia: Ken Research

Ken research announced recent publication on, "Cigarettes in Cambodia 2016". The report gives a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market. Identify the areas of growth and opportunities, which will aid effective marketing planning. The differing growth rates in regional product sales drive fundamental shifts in the market. This report provides detailed, authoritative data on this changes-prime intelligence for marketers. Understand the market dynamics and essential data to benchmark your position and to identify where to compete in the future. Cigarettes in Cambodia 2016 are an analytical report provides extensive and highly detailed current and future market trends in the Cambodian market. The report offers Market size and structure of the overall and per capita consumption based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise.
Cambodia's return to democracy in 1993, while bringing about conditions that should in theory benefit a market such as cigarettes, was also accompanied by rising non-duty paid sales. This resulted in duty paid volumes dropping to around six billion pieces in 2006, although some improvement to 7.5 billion pieces was recorded by 2014. Per capita consumption rates have fallen as the country's population has expanded and stood at 485 pieces in 2015, 24.9% lower than in 1990. Cambodia has a rapidly growing population of 15.5 million people in 2014.
Only just over half of cigarettes smoked are filtered, their share up only slightly on 1990. Virginia blends are the most popular. With per capita incomes rising, demand for mid-priced brands is growing. However, it is high priced brands that are seeing the strongest growth, their share rising to 6% of volumes in 2007 compared with only 2% in 2004. Until the mid-2000's Cambodia had a relatively relaxed approach towards the regulation of the tobacco market. This changed in November 2005, when the country's government ratified the WHO's Framework Convention on Tobacco Control. Moves following the ratification of the FCTC include the launch of graphic on-pack warnings in July 2010. 
America, Vietnam, Malaysia, Indonesia, Switzerland, Thailand, and China are just a few of the sources of imported cigarettes in Cambodia. Cigarette promoters will have to stop work when a tobacco advertisement ban takes effect in late August, a health official said yesterday. A February sub-decree, which also bans advertising tobacco in the media and on billboards, states that the “promotion of tobacco products to customers by agents of tobacco companies shall be prohibited.” Yel, Daravuth, tobacco-free initiative project managed at the World Health Organization, said this clause meant that cigarette promoters would have to seek alternate jobs.
Within almost six months of a sub-decree going into effect requiring graphic warnings on all cigarette packages, Health Minister Mam Bunheng issued a second warning this month to tobacco companies not complying with the regulations, threatening to take legal action. The January 16 warning follows a first notice issued in early October prompted by companies’ low compliance with the sub-decree, which went into effect in July. Under the rules, graphic photos must cover 50 percent of cigarette packets, and a written message in Khmer must cover another 5 percent. Those found violating the rules are subject to fines of about $1,000 for tobacco companies, $500 for distributors and wholesalers, and $2.50 for retailers. The ministry will take legal action soon for companies that don’t obey the law and sub-decree,” Bunheng said in the warning. “The ministry . . . will not issue a third warning.” Ung Phyrun, secretary of state at the Ministry of Health, said the ministry will only warn companies twice before punishing them. “This is the principle to make everyone obey the law, to make the companies aware of this,” he said. Phyrun would not directly address why companies are still non-compliant. “We will talk to all the [tobacco] companies that are doing [business] in Cambodia,” he said.
Cigarette companies are spending millions of dollars in advertising and promotional campaigns in Cambodia. Yet the market is small - five to seven billion sticks sold per year - and annual growth, at roughly three percent, is not spectacular. According to studies by, 70 percent of all males smoke, while cultural taboos suggest that the cigarette industry will not be able to make inroads among females: only one female in ten smokes, and nearly all of them are above 40 years old. Instead, companies are spending millions building brand loyalty in a country where consumers seem to switch brands on a whim. This means targeting the 18 to 35-year-old smoker and depending on the aspiring middle class to move from their medium-priced cigarettes to higher-priced brands.
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https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/cigarettes-cambodia-2016/79693-11.html 
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India Pediatric Drugs and Vaccines Market Size on the Basis of Revenues: Ken Research

India, a home of the largest pediatric population of the world and also has the highest number of annual child births in the world. However, almost 80-90% of the drugs used in children presently have never been studied for their efficacy in pediatric population. In India, results of the studies conducted in adult population are extrapolated for use in children. There are no specific medicine development regulations for pediatrics. Indian clinical practice relies heavily upon safety and efficacy data published in other developed countries or on inference from adult dosing.
India pediatric drugs and vaccine market has witnessed tremendous growth in the last five years largely due to high number of annual births recorded at around ~ million, launch of generic formulations of several pediatric drugs including flavored TB drugs, inclusion of several vaccines against diseases by virtue of few doses of vaccines. On the other hand, repeated incidence of some or the other non-vaccine preventable medical conditions coupled with comparatively heavy requirement of drug doses have resulted in a far greater usage of drugs.
How Has The Pediatric Drugs Segment Performed?
Indian pediatric drug industry has been driven by the overwhelming performance of the pharmaceutical industry which is the third largest pharmaceutical market in terms of volume and thirteenth largest in terms of value, contributing towards 10% of global production.
The pediatric drugs market in India grew at a staggering CAGR of ~% during the period FY’2011-FY’2016 from INR ~ billion in FY’2011 to INR ~ billion in FY’2016. Owing to an astounding number of births in the country, the pediatric drugs market exhibited growth at a faster pace than the overall pharmaceutical market of the country during the concerned period. Rising prevalence in the diseases among children is other major factor which has led to the growth in the market during the historical period. For instance, Asthma has been observed to grow at a rapid pace during the historical period. In fact, the market grew by over ~% in FY’2016 due to the launch of flavored TB drugs and WHO’s alliance with Mumbai based Macleods Pharmaceuticals to developed TB drugs for children and supply it globally.  
How has the Pediatric Drugs Segment Performed?

About ~% of child mortality is registered in the country. Respiratory diseases including pneumonia and tuberculosis are other commonly treatable conditions for which drugs find extensive usage in the country. Nearly ~ million children are reported to die due to pneumonia every year.
Owing to less prevalence of lifestyle diseases amongst pediatric population, market share of drugs meant for management of diseases has been low. Drug meant for management of diseases are typically chronic diseases, particularly degenerative non-communicable diseases (NCDs) such as chronic respiratory diseases, cardiovascular diseases, cancer, HIV/AIDS and diabetes amongst others.

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Infrastructure expenditure in South Africa to Rise in Future: Ken Research

Ken research announced recent publication on, "Infrastructure Insight: South Africa". The report provides a detailed look into the infrastructure sector in South Africa, including analysis of the state of the current infrastructure, the regulatory and financing landscapes, and the major projects in the construction pipeline. The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports. A concise analysis of the administrative, economic and political context for infrastructure in South Africa. An in-depth assessment of the current state of infrastructure in South Africa is done.



A focus on main political and financial institutions involved in the infrastructure market, as well as the competitive and regulatory environment is studied. For each infrastructure sector, an explanation of the key drivers of growth in new investment and an analysis of the project pipeline, with a detailed look at the prospects for major projects and the companies that have secured contracts has been provided.


It is well known that currently tracking 96 strategic infrastructure construction projects in South Africa at all stages of development, from announcement to execution. These projects have a total investment value of USD 117.9 billion. Infrastructure expenditure in South Africa is forecasted to increase over the 2016-2020 period. The electricity and power sector accounts for the largest share of the project pipeline, with a total project value of USD 90.2 billion. This is followed by railway infrastructure projects with a pipeline of USD 11.1 billion. The pipeline for road infrastructure projects values USD 6.5 billion, and for water and sewerage infrastructure it stands at USD5.9 billion. For airports and other infrastructure, the total pipeline stands at USD 4.1 billion.

In the 2015-2016 World Economic Forum Global Competitiveness Report, South Africa ranked 59th out of 140 countries in terms of the overall quality of its infrastructure. The country was positioned ahead of other major African countries, with Nigeria ranked 133, Egypt 114 and Algeria 101.
In the 2016 Medium-Term Budget Statement (MTBS), Finance Minister Pravin Gordhan announced that the government would continue to invest in economic infrastructure in line with the National Development Plan.

Over 2016-2019 the government is planning to spend ZAR987.4 billion (USD 71.6 billion) in constructing and modernizing infrastructure. Of the total, ZAR334 billion (USD 24.2 billion) will be invested in transport and logistics, ZAR243 billion (USD 17.6 billion) in energy, and ZAR137 billion (USD 9.9 billion) in water and sanitation. According to Timetric's Infrastructure Intelligence Center (IIC), the infrastructure construction market's value rose from ZAR152.5 billion (USD 11.1 billion) in 2010 to ZAR222.3 billion (USD 16.1 billion) in 2015, and is projected to reach ZAR335.3 billion (USD 24.3 billion) by 2020 in nominal value terms. This is based on the assumption that a number of major infrastructure projects will proceed as planned, including the 5,000 MW Upington Solar Power Park project, the Gautrain Commuter Expansion, the Gauteng Freeway Improvement: Phase II Bulk Distribution System, the Port of Ngqura Manganese Export Terminal Expansion and the Johannesburg-Durban High-Speed Rail Link. However, there are policy and political uncertainties that will weigh on investor confidence and could result in projects being delayed.

This paper reports on research that investigated perceptions and prioritisation of key performance indicators (KPI) for infrastructure sustainability, from a cross section of construction industry stakeholders in South Africa. The results show that although there is general agreement on the indicators, there are noticeable differences in stakeholder ranking, which measures their prioritisation of the various indicators. These differences are closely linked to the level of development of the respective country and hence macro‐level priorities in formulating their sustainable development agenda. The most significant agreements are on indicators related to health and safety, while there are significant disagreements on some indicators related to environment, economy and project management and administration. The study provides empirical evidence of such underlying differences.

The paper discusses the implications and challenges in addressing sustainability and sustainable development in developed and developing countries. Recommendations are given on the application of these indicators for decision‐support and integrated sustainability appraisal in infrastructure project (SUSAIP).
Infrastructure prioritisation is rising up the agenda for governments, developers and investors around the world. Now, more than ever, governments and societies need a long-term plan that focuses on responding to the needs of society rather than the influences of the political cycle.

While the need for new appraisal and prioritisation methodologies is critical, relatively limited research seems to have been conducted in this area. Few sources exist for those looking for leading practices and insights into developing their own assessment methodology. To close this gap and to help governments and project owners get more from their investments, we set out to research and assess current approaches to prioritisation and assessment in a variety of markets around the world.

In this report, we shine the spotlight onto the emerging market – South Africa, arguably, boasts the most mature frameworks for assessing and prioritising infrastructure investment.


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Compounding Life Insurance market, New Zealand: Ken Research

Ken Research announced recent publication on, "Life Insurance in New Zealand, Key Trends and Opportunities to 2020". This report provides a detailed outlook by product category for the New Zealand life insurance segment, and a comparison of the New Zealand insurance industry with its regional counterparts. It provides key performance indicators such as written premium, incurred loss, commissions and expenses, total assets and total investment income during the review period (2011-2015) and forecast period (2015-2020). The report also analyses distribution channels operating in the segment, gives a comprehensive overview of the New Zealand economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together research, modelling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.



The New Zealand life insurance direct written premium increased at a review-period CAGR of 4.6%. New Zealand's life insurance penetration stood at 0.74% of GDP in 2015, below the Organization for Economic Cooperation and Development average of 5%. Individual life insurance remained the largest sub-segment during the review period; it accounted for 92.8% of the segment's direct written premium in 2015, of which the term life sub-category accounted for 68.7% of the category's direct written premium. Financial advisers are the primary distribution channel for life insurance in New Zealand. New Zealand's life insurance segment is highly competitive, with the presence of both domestic and foreign insurers.
  • The New Zealand life insurance market is characterised by sophisticated products, a lot of competition between providers, and high levels of consumer awareness and investor protection legislation
  • Over the last two years, there has been an increase in regulation in the life insurance space, for example to put the customer first and ensure relevant and suitable advice is being given
  • About 80% of distribution of life insurance products is done by IFAs, often with multiple-agency agreements across a number of providers
  • There is also a lot of demand from IFAs for product which they believe meets customers’ needs – leading o a lot of innovation
There has for a long time been a perception about the New Zealand life insurance market where someone could be a taxi driver one day and an insurance salesperson the next day. While the lack of regulation meant this was true to a certain extent, it is quite a sophisticated market, she explained. For instance, there are sophisticated products, a lot of competition between providers, and high levels of consumer awareness and investor protection legislation. As a result, there have not been horror stories of insurance companies going bankrupt or of cases of fraud. In the market today, for example, she said life-risk products are separate from investment products. This came about because consumers began to query the returns that they could see, and they could not see what they were paying for the life insurance component and where their savings or investment money was going.
Embryonic narrow environment
Over the last two years, there has been an increase in regulation in the life insurance space. This was a result of the performance in the investment markets, and of some of the bad practices in terms of investment advice, with life insurance being caught in the middle. The regulation has been a good thing for the industry overall, she said, as there is now a regulation which requires advisers to prove the advice they gave to customers, in order to put the customer first and ensure relevant and suitable advice is being given. This is creating a more robust life insurance market in New Zealand.
Distribution model for life insurance
In New Zealand, about 80% of distribution of life insurance products is done by independent financial advisers (IFAs), often with multiple-agency agreements across a number of providers. There is only a small number of tied agents, contrasting the common model in other parts of Asia. In the IFA space, there is a lot of pressure on commissions, so these tend to be high in the New Zealand market, she added. There is also a lot of demand from IFAs for product which they believe meets customers’ needs, said Ballantyne. This leads to a lot of innovation in the local market around trauma products, medical insurance and other products. Overall this makes New Zealand almost like a test-case for a lot of other insurance markets around the world – given the high levels of competition and sophistication, as well as there being early adopters of new products and developed distribution channels for delivering them to customers.
Topics Covered in The Report
  • New Zealand life insurance direct written premium
  • Global Life insurance industry Research Report
  • New Zealand Life insurance Industry
  • New Zealand life insurance market research
  • Life insurance sector trends New Zealand
  • New Zealand life insurance regulations
  • Life insurance companies New Zealand
  • New Zealand Insurance Gross Written premium
  • New Zealand life insurance market size
  • New Zealand life insurance market share
  • New Zealand life insurance market Growth
  • New Zealand life insurance market trends
  • New Zealand life insurance market future
  • New Zealand life insurance market analysis
  • New Zealand life insurance market
For more coverage click on the link below:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/life-insurance-new-zealand-key-trends-opportunities/82328-93.html
Related links:
Personal Accident and Health Insurance in New Zealand, Key Trends and Opportunities to 2020
Non-Life Insurance in New Zealand, Key Trends and Opportunities to 2020
 Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
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+91-124-4230204
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Tuesday, February 7, 2017

Trending Cigarette Market demand, Singapore: Ken Research

Ken Research announced recent publication on, “Cigarettes in Singapore, 2017”. Report gives a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market. Identify the areas of growth and opportunities, which will aid effective marketing planning. The differing growth rates in regional product sales drive fundamental shifts in the market. This report provides detailed, authoritative data on this changes-prime intelligence for marketers. It can be used to understand the market dynamics and essential data to benchmark client position and to identify where to compete in the future with this report.
Singapore is important as a major distribution center for the Asia-Pacific region, but its relatively small population, currently around 5.7 million, means it has only a small domestic cigarette market. Annual per capita consumption levels are relatively low in regional terms, averaging 514 pieces in 2014. However, the effects of the economic difficulties, increased taxes, high non-duty paid sales, competition from RYO cigarettes, and a tightening of restrictions on tobacco consumption have depressed demand for manufactured cigarettes. The local market is dominated by filter cigarettes, which account for virtually 100% of sales or 2.87 billion pieces in 2014.
Most of the industrial activity in the Singapore cigarette market is centered on the import and re-export of cigarettes. The market has been almost entirely contested between three companies: Philip Morris Singapore (PMI), British American Tobacco Singapore (BAT) and Japan Tobacco International (JTI). The most significant development of recent years has been the emergence of the low priced sector. Cigarettes in Singapore 2017 are an analytical report provides extensive and highly detailed current and future market trends in the Uruguay market. The report offers Market size and structure of the overall and per capita consumption based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise.
From Aug 1, 2017, retailers of tobacco products will not be allowed to display them in their shops, the Ministry of Health (MOH) announced on Wednesday. The ministry said it would move to ban stores from displaying such products after amendments to the Tobacco (Control of Advertisements and Sale) Act are tabled in Parliament. Retailers may choose to use existing storage units, modify them or install new storage units that are permanent, self-closing and opaque. Retailers could choose to use vertical blinds, or even a curtain, among others. They are to comply with the new requirements, whereby tobacco products need to be out of sight from the public at all times. Exceptions will be made in the process of restocking the display unit or during a sales transaction, unless the staff carrying out these actions stops to do something else.
MOH is prepared to allow a text-only price list in a standard format, to facilitate transactions and ensure a level playing field while preventing misuse as a form of advertisement. It added that it will allow storage units to be in the same colour as the decor or interior walls of the outlet, as long as the colour does not draw specific attention to storage units.  A brochure, published by the Health Promotion Board in the four national languages, will be distributed to retailers in the coming months, detailing the dos and don’ts of storing and selling tobacco products. Authorities will work with retailers to help them comply with the new legal guidelines. Even if the new legalisation has been implemented it is only to protect non-smokers – particularly the young – from the promotional effect of point-of-sale displays and to create a better environment for smokers who are trying to quit.
BANNING POINT-OF-SALE DISPLAYS OVERSEAS HAS BEEN SUCCESSFUL: MOH pointed to research that showed that banning point-of-sale tobacco displays overseas has positive effects. Daily smoking rates in Iceland decreased from 28.1 per cent in 1996 to 19.3 per cent in 2006 after a point-of-sale display ban on tobacco products was introduced in 2001.
RETAILERS QUESTION EFFECTIVENESS OF MOVE: Retailers Channel News Asia claimed to say the ban would not have too great an impact on business, but they questioned its effectiveness in getting people to quit. Some customers will still insist on buying cigarettes. Even if they are hidden, they will ask us (for them). MOH said it would continue to work with retailers to fine-tune the specific details of the measures. General tobacco retailers will be required to use plain, undecorated storage devices to keep tobacco products within their premises out of the direct line of sight of the public and potential customers.
The amended Act extends existing restrictions on e-cigarettes to include newer varieties, which do not necessarily bear a physical resemblance to cigarettes or other tobacco products. The component parts of such products will also be banned to prevent retailers from importing them and reassembling them locally for sale. Existing prohibitions on advertisements for tobacco products will also be extended to cover advertising for e-cigarettes and similar products. The ban on advertising for tobacco products, e-cigarettes and similar products will also be extended to advertisements published electronically.
Advertisements and sales promotions originating from Singapore, whether targeting local or foreign audiences, and advertisements from outside Singapore, which can be accessed by people in Singapore, will now be banned. Customer loyalty programmes and promotional schemes involving tobacco products are also not allowed. A ban on emerging tobacco products first imposed in June last year will now be extended to include the likes of nasal snuff, oral snuff and gutkha. From Monday, the grace period for importers and retailers on the ban on shisha – first imposed in November 2014 – comes to an end.
Existing licensed tobacco importers and retailers who import or sell shisha will be prohibited from importing, wholesaling or retailing the product. Any person who contravenes either the ban on emerging tobacco products or the ban on shisha can be fined up to $10,000, imprisoned up to six months, or both. In the case of a second or subsequent conviction, they could face a fine of up to $20,000, imprisonment of up to 12 months, or both.

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Ankur Gupta, Head Marketing & Communications
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Non Life Insurance Sector to Flourish in New Zealand: Ken Research

Ken Research has announced its distribution on “Non-Life Insurance in New Zealand, Key Trends and Opportunities to 2020” which provides  a detailed outlook by product category for the New Zealand non-life insurance segment, and a comparison of the New Zealand insurance industry with its regional counterparts.
The report furnishes values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income during the review period (2011-2015) and forecast period (2015-2020).
It well analyzes distribution channels operating in the segment, gives a comprehensive overview of the New Zealand economy and demographics, explains the various types of natural hazard and their impact on the New Zealand insurance industry, and provides detailed information on the competitive landscape in the country.
It also includes the details of insurance regulations, and recent changes in the regulatory structure and offers a detailed analysis of the key categories in the New Zealand non-life insurance segment, and market forecasts to 2020.
It helps to make strategic business decisions using in-depth historic and forecast market data related to the New Zealand non-life insurance segment, and each category within it and enables the users to comprehend the demand-side dynamics, key market trends and growth opportunities in the New Zealand non-life insurance segment.
Through this report, a user can properly gain insights into key regulations governing the New Zealand insurance industry, and their impact on companies and the industry's future as well as have access to proper analysis of the competitive dynamics.
ECONOMIC OUTLOOK
  • Agriculture had played a significant role in New Zealand's economy since the beginning and therefore insurers in New Zealand have started furnishing a range of insurance options for farmers and farm assets.
  • Premium costs of motor insurance had remained steady and the customers with good claims histories or who invested in fleet risk-management programs had well received the premium discounts.
  • Due to presence of domestic as well as foreign insurers, New Zealand’s life insurance segment had been highly competitive.
  • The development of insurance penetration and demand for non-life insurance was supported by country-wide distribution networks and high levels of customer trust of brokers.
  • Property insurance marked for the largest cohort that accounted for 42% of the segment's gross written premium in 2015.
  • Cyber security insurance is what is new in the country and an emerging trend if seen from the future perspective. To support this, legislations regarding cyber-risks are still evolving in New Zealand.
  • Plus4, national insurance advisory, has very well expanded and now has over some 45 advisers working from 17 locations between Whangarei and Invercargill. Group members, who have no affiliations to any specific insurance provider, provide unbiased advices tailored to their individual and business clients’ requirements. They work predominantly with small to medium sized enterprises, their owners and their accountants.
  • The non life insurance sector is expected to ameliorate at an ever growing CAGR year after year with increased awareness amongst the people and their evolving needs for getting insured against risky ventures. Insurance will soon be treated as a tool to curb losses that one has to suffer otherwise.
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Ankur Gupta,
Head Marketing & Communications
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Cigarette consumption Experiencing Sharp Fall in Malaysia: Ken Research

Ken Research announced recent publication on, "Cigarettes in Malaysia 2017". Report gives a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market. Identify the areas of growth and opportunities, which will aid effective marketing planning. The differing growth rates in regional product sales drive fundamental shifts in the market. This report provides detailed, authoritative data on this changes-prime intelligence for marketers. Understand the market dynamics and essential data to benchmark your position and to identify where to compete in the future.


The market for cigarettes in Malaysia has experienced contrasting trends in recent years. Recently the legitimate market has suffered badly from a series of price and tax increases, culminating in a combination of tax rises and a crackdown on black market activities. Malaysia is a production centre of choice for BAT, PMI and JTI to service other South East Asian regional markets, although output fell by around a third in 2013 to 17.87 billion pieces and was 16.33 billion pieces in 2015. Imports have not historically been very significant, although officially reported volumes appear unreliable. There are no signs that the industry expects a substantial reduction in black market levels in the short term as price is such an important factor for the vast majority of consumers.
Cigarette consumption in Malaysia has fluctuated since 1990 although more recently been in sharp decline. A 9.7% fall in 2009, a 1.9% drop in 2010 and a 2.3% fall in 2011 were a result of rises in excise duty and increased non-duty paid sales. Although volumes were up by 2.7% in 2012, this was in anticipation of another tax hike at the beginning of 2013. The impact of this rise was to reduce sales by 16.2% to 12.18 billion pieces with another tax-inspired fall of 13.3% to 10.56 billion pieces in 2014. Sales are set to decline again in 2015.
For the coming Budget 2017, Malaysian government can seriously consider a proposal to raise the tobacco tax and tobacco-based products like cigarette prices drastically if they are really serious about curbing the smoking habit among the public which are now been becoming a plague in our society and starting to influence our youth as well. This is because using price and tax measures to reduce the demand for tobacco and its based products like cigarette can be seen as one of the most effective ways to reduce cigarette consumption among smokers and deter potential smokers. This measure has also been recognised by a few tobacco control experts and the parties in the World Health Organization Framework Convention on Tobacco Control, of which Malaysia is a party since September, 2005.
The WHO-FCTC is a treaty adopted by the 56th World Health Assembly on May 21, 2003. The FCTC is a supranational agreement that seeks “to protect present and future generations from the devastating health, social, environmental and economic consequences of tobacco consumption and exposure to tobacco smoke” by enacting a set of universal standards stating the dangers of tobacco and limiting its use in all forms worldwide. Since smoking has been regarded by many as a cause of many preventable illness and could even lead to premature death, there have been many efforts carried out by the government to control and curb the cigarette selling and smoking habit among the public. This is done by strengthening the existing legislations as well as through education in schools and initiating awareness campaigns over the danger of smoking. Such efforts have been done for the last many years.
There have been small efforts on the part of the government through the Health Ministry in increasing the price of cigarette but this is not enough to deter the heavy and addicted smoker from purchasing the item. There also has been a proposal put forward by the government to extend the smoking-prohibited zones in the country involving public areas and air-conditioned eating areas. The government’s ongoing efforts to control as well as creating awareness amongst the public on the issue regarding cigarettes should be praised by all. However, for the coming Budget 2017, another bold step should and must be taken by the government namely by increasing the tax on tobacco as well as the cigarettes prices as part of the effort to deal with the ongoing problem. Cigarettes duties have been increased in every budget for the past five years. Last year’s 50c increase was the largest increase in 12 years and the government has now repeated that increase. The previous increases were 40c in 2015, 10c in 2014 and 2013, and 25c in 2012. The hike is the only tax increase in Budget 2017, Minister for Finance Michael Noonan said today. It means that there are no excise duty increases in the other traditional ‘old reliable’ of alcohol or petrol. There will also be a pro-rata increase in other tobacco products, such as pouches of rolling tobacco.
Topics Covered in the Report
  • Cigarettes Market Malaysia
  • Cigarette Market Consumption Malaysia
  • Global Cigarette Production Volume
  • Malaysia Cigarette Market Future Outlook
  • Cigarette Advertisement Expenditure Malaysia
  • Malaysia Cigarette export volume
  • Malaysia Cigarette import volume
  • Malaysia Cigarette Market Size
  • Malaysia Cigarette Market trends
  • Malaysia Cigarette Market growth
  • Malaysia Cigarette Market share
  • Malaysia Cigarette Market future
  • Malaysia Cigarette Market analysis
  • Malaysia Cigarette Market research
For more coverage click on the link below:
https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/cigarettes-malaysia-2017/79694-11.html
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Smokeless Tobacco in France, 2017
Smokeless Tobacco in Finland, 2017
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Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
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Personal Accident And Health Insurance Demand In New Zealand: Ken Research

Ken Research has announced its distribution on, “Personal Accident and Health Insurance in New Zealand, Key Trends and Opportunities to 2020” which provides a detailed outlook by product category for the New Zealand personal accident and health insurance segment, and a comparison of the New Zealand insurance industry with its regional counterparts.
The report furnishes values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income during the review period (2011-2015) and forecast period (2015-2020).
It gives a comprehensive overview of the New Zealand economy and demographics, and provides detailed information on the competitive landscape in the country.
It also includes the details of insurance regulations, and recent changes in the regulatory structure and offers a detailed analysis of the key categories in the New Zealand personal accident and health insurance segment, and market forecasts to 2020.
life-insurance-businesses
It helps to make strategic business decisions using in-depth historic and forecast market data related to the New Zealand personal accident and health insurance segment, and each category within it and enables the users to comprehend the demand-side dynamics, key market trends and growth opportunities in the New Zealand personal accident and health insurance segment.
Through this report, a user can properly gain insights into key regulations governing the New Zealand insurance industry, and their impact on companies and the industry's future as well as have access to proper analysis of the competitive dynamics.
Economic Outlook
With the introduction of the Insurance Prudential Supervision Act (IPSA) in 2010, all insurers were required to maintain consent with solvency standards and appropriate risk management policies in New Zealand.
Unsustainable levels of public spending on healthcare and an increase in healthcare costs have commenced the reforms in the health segment, further induced the government to behold the role of private insurance.
The personal accident and health segment reckoned for 32.7% of the industry's direct written premium in 2015.
The growth prospective of the segment drove competitors to develop their distribution channels, adopt cost control measures and collaborate with other businesses to expand their product portfolios and market reach.
On November 25, 2016, the Accident Compensation Corporation (ACC) increased the contribution of treatment providers by 2.2% and further this is expected to improve the prevailing number of insurance takers.
The personal accident and health insurance sector is expected to ameliorate at an ever growing CAGR year after year with increased awareness amongst the people and their evolving needs for getting insured against their lives which mean a lot to them.
Insurance will soon be treated as a tool to curb losses that one has to suffer otherwise especially in cases of families having a sole earner.
Companies Covered
Sovereign Assurance Company Ltd, Southern Cross Healthcare Group, AIA New Zealand, IAG New Zealand Ltd , Tower Insurance (NZ) Ltd, AIG Insurance New Zealand Ltd, Allianz New Zealand Ltd, Medical Insurance Society Ltd, ACE Insurance Ltd, Partners Life Ltd,
Key Factors Considered in the Report
Global Non-Life Insurance Industry
New Zealand Non- Life Insurance Market Research
Non-Life Insurance Sector Trends New Zealand
New Zealand General Insurance Regulations
Health Insurance Market Research New Zealand
Health Insurance Demand New Zealand
Personal Accident Insurance Industry New Zealand
Personal Accident Insurance Gross Written Premium New Zealand
Health Insurance Gross Written Premium New Zealand
For more coverage click on the link below:
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Contact Us:
 Ken Research
 Ankur Gupta, Head Marketing & Communications
 Ankur@kenresearch.com
 +91-9015378249

Mozambique Insurance Industry Indicate Signs to Flourish: Ken Research

Ken Research has announced publication titled, “The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020” which provides an in-depth market analysis, information and insights into the Mozambican insurance industry. The report furnishes major performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020).
It grants a comprehensive overview of the Mozambican economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes analysis of the impact of natural hazards on the insurance industry.



It offers a detailed analysis of the key segments in the Mozambican insurance industry, with market forecasts to 2020 and profiles the top insurance companies in Mozambique, and highlights recent developments. Report ascertains growth opportunities and market dynamics in key segments and assesses the competitive dynamics in the Mozambican insurance industry.
Key Market Dynamics
  • In 2014, only 24% of adults in urban areas had an access to the formal financial services and gradually this percentage was expected to rise in the coming years with innovation and improvements.
  • According to the International Monetary Fund (IMF), Mozambique has maintained its rank among the fastest-growing economies in the world partly due to export of coal which placed it on the list of global exporters of mineral resources and partly because of the discovery of offshore natural gas that garnered international interest and investment. As a result, the insurance industry benefited and registered a CAGR of 28.6% during the review period.
  • The life segment reckoned for 18% of the industry's gross written premium whereas the personal accident and health segment accounted for 10.3% of the industry's gross written premium in 2015.
  • In 2015, there were mainly 18 operational insurance companies, which included 4 composite, 3 life and 11 non-life insurers.
  • The insurance sector in Mozambique has evolved magnificently in the recent years and the country at present has 18 insurance companies and more than 64 brokers, as told by the president of the Mozambican Insurance Supervision Institute.
  • The numbers of operators, policy holders and the amounts of premium paid have grown significantly but at the same time Otilia Santos has supported the insurance market in Mozambique currently.
  • The amelioration viewed in the insurance business is because of the efforts made by operators since, along with signing contracts; they educate and aware the general public too. This growth is eventually forecasted to occur in the future years as well where more and more public is aware and wants to get insured for merely everything that can prove to be a risky venture.
Topics Covered in the Report
  • Global insurance industry research
  • Mozambique Insurance Sector
  • Mozambique Life Insurance Market
  • Mozambique Insurance Industry Future
  • Mozambique Insurance Industry Trends
  • Mozambique Insurance Sector Regulations
  • Mozambique Life Insurance gross Written Premium
  • Mozambique Life Insurance Market size
  • Mozambique Life Insurance Market trends
  • Mozambique Life Insurance Market growth
  • Mozambique Life Insurance Market analysis
  • Mozambique Life Insurance Market share
  • Mozambique Life Insurance Market future
For more coverage click on the link below:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/insurance-industry-mozambique-key-trends/81988-93.html
Related links:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/iran-insurance-market-research-report/427-93.html
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/bahrain-insurance-market-research-report/425-93.html
Contact:
Ken Research
Ankur Gupta,
Head Marketing & Communications
query@kenresearch.com
+91-124- 4230204
www.kenresearch.com