Bharatbook Pleased to announce a new report on "Sri Lankan Insurance Industry Analysis" the Insurance Industry in Sri Lanka is dominated by general insurance segment that witnessed 23% growth in its gross written premium.
Sri Lanka insurance industry is witnessing a strong growth inclination over the past few years on the back of growing insurance awareness, rise in per capita income and economic growth. Moreover, the industry is expected to touch the pinnacle of success in coming years with ever growing life insurance penetration, emergence of online insurance services and rising foreign investment in the industry.
According to our research report, “Sri Lankan Insurance Industry Analysis”, the Insurance Industry in Sri Lanka is dominated by general insurance segment that witnessed 23% growth in its gross written premium in 2011, compared to the previous year. The industry is expected to grow at a significant rate in the coming years with gross written premium (GWP) growing at a CAGR of around 21% during 2012-2015. Our report entails detailed analysis of industry segments including long term and general insurance along with their forecast.
As per our findings, motor insurance leads the general insurance industry in Sri Lanka accounting for more than half of the general insurance market. An in-depth analysis of general insurance segments including fire, marine, motor, etc along with their forecast has been covered in the report. Besides this, our research provides the study of reinsurance market coupled with its segment-wise growth.
To provide a better insight of market, the report also studies the existing distribution channel of insurance industry in the country which includes Broker, Agents & Bancassurance. It also describes the potential growth areas of insurance industry, such as rising opportunities in the field of Takaful & Health insurance etc.
Our report, “Sri Lankan Insurance Industry Analysis”, covers all the key aspects that depict a complete picture of the insurance industry. It provides a complete insight of country’s insurance industry including present regulatory environment and challenges for insurance industry.
Last but not the least, a snapshot of key players is also covered with their business description and strengths and weaknesses to provide an insight into the current industry trends.
1. Analyst View
2. Research Methodology
3. Macroeconomic Analysis
4. Insurance Industry Overview
5. Emerging Trends and Drivers
5.1 Emergence of Online Insurance Services
5.2 Rising Life Insurance Penetration
5.3 Increasing Micro Insurance
5.4 Growing Insurance Density
5.5 Companies Working Towards Mergers & Acquisitions
6. Industry Outlook to 2015
6.1 Market Performance by Segment
6.1.1 Long Term Insurance
6.1.2 General Insurance
6.2 Market Performance by Player
6.2.1 Long Term vs General Insurance
7. Distribution Channel
8. Reinsurance Market
9. Potential Growth Areas
9.1 Takaful Insurance
9.2 Health Insurance
9.3 Pension Fund
9.4 Export Credit Insurance
10. Industry Challenges
11. Regulatory Environment
11.1 Insurance Board of Sri Lanka (IBSL)
11.2 National Insurance Trust Fund (NITF)
11.3 National Council for Road Safety (NCRS)
11.4 Inter Regulatory Institutions Council (IRIC)
11.5 Insurance Association of Sri Lanka (IASL)
11.6 Sri Lanka Insurance Brokers Association (SLIBA)
11.7 International Association of Insurance Supervisors (IAIS)
12. Competitive Landscape
12.1 Ceylinco Insurance PLC
12.1.1 Business Description
12.1.2 Strengths & Weaknesses
12.2 Sri Lanka Insurance Corporation Ltd
12.2.1 Business Description
12.2.2 Strengths & Weaknesses
12.3 Union Assurance PLC
12.3.1 Business Description
12.3.2 Strengths & Weaknesses
12.4 Asian Alliance Insurance PLC
12.4.1 Business Description
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Related reports: http://www.bharatbook.com/market-research-report/insurance.html
Sri Lankan Insurance Industry Analysis