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The Insurance Industry in Guatemala, Key Trends to 2016

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Synopsis

The report provides in depth market analysis, information and insights into the insurance industry in Guatemala, including:
• The Guatemalan insurance industry’s growth prospects by insurance segments and categories
• The competitive landscape in the Guatemala insurance industry
• The current trends and drivers of the Guatemala insurance industry
• The challenges facing the Guatemala insurance industry
• The regulatory framework of the Guatemala insurance industry  http://www.bharatbook.com/insurance-market-research-reports/the-insurance-industry-in-guatemala-key-trends-and-opportunities-to-2016.html

Summary


Guatemala has a small insurance industry with only 17 insurers operating in the industry in 2011. The global financial crisis affected the Guatemalan economy and thus had a direct effect on the Guatemalan insurance industry during the review period. The insurance penetration, as a percentage of gross domestic product (GDP) in Guatemala, stood at 1.24% in 2011, which is very low when compared to developed countries. The Guatemalan insurance industry is mainly comprised of domestic insurance companies but foreign insurance companies started to enter the industry after the changes in insurance law in 2011. Foreign insurance companies are allowed to operate in the country through branches. The Guatemalan insurance industry was led by the property, motor and health insurance categories. The high rate of road accidents supported the growth of motor insurance while a high risk of natural disasters supported the growth of property insurance. The inadequate public healthcare system increased the scope for private health insurance in Guatemala.

Scope

This report provides a comprehensive analysis of the insurance industry in Guatemala:
• It provides historic values for the Guatemalan insurance industry for the report’s 2007–2011 review period and forecast figures for the 2011–2016 forecast period
• It offers a detailed analysis of the key segments and categories in the Guatemalan insurance industry, along with industry forecasts until 2016
• 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 top insurance companies in Guatemala 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 Guatemalan insurance industry and each segment within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Guatemalan insurance industry
• Assess the competitive dynamics in the Guatemalan insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Guatemalan insurance industry and its impact on companies and the industry's future

Key Highlights

• Guatemala has a small insurance industry with only 17 insurers operating in the industry in 2011.
• The global financial crisis affected the Guatemalan economy and thus had a direct effect on the Guatemalan insurance industry during the review period.
• Insurance penetration, as a percentage of gross domestic product (GDP) in Guatemala, stood at 1.24% in 2011, which is very low when compared to developed countries.
• The Guatemalan insurance industry is mainly comprised of domestic insurance companies but foreign insurance companies started to enter the industry after the changes in insurance law in 2011.
• Foreign insurance companies are allowed to operate in the country through branches.
• The Guatemalan insurance industry was led by the property, motor and health insurance categories.
• The high rate of road accidents supported the growth of motor insurance while a high risk of natural disasters supported the growth of property insurance.
• The inadequate public healthcare system increased the scope for private health insurance in Guatemala.

Table of Contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Guatemalan Insurance Industry Overview
3.1 Guatemalan Insurance Industry – Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.3 Challenges
4 Legislation, Supervision and Control
4.1 Legislation Overview and Historical Evolution
4.2 Legislation Trends by Type of Insurance
4.2.1 Life insurance regulatory trends
4.2.2 Property insurance regulatory trends

For more information kindly visit :
The Insurance Industry in Guatemala, Key Trends and Opportunities to 2016

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