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Aruba insurance market: Latest market analysis presented
The Insurance Industry in Aruba, Key Trends and Opportunities to 2017 - a new market research report on 2014-03-04 13:03:01
The insurance industry in Aruba is very small and young, and yet highly competitive, with 23 insurance companies operating in the country. The life segment accounted for 57.6% of the overall insurance industrys written premiums in 2012, and is expected to grow at a CAGR of 2.1% over the forecast period due to the increasing disposable income of the Aruban population. Growth in the tourism and oil refining industries will drive growth in the countrys non-life segment.

Key Highlights

• The insurance industry in Aruba is very small and young.
• Arubas tourism industry has performed well and recorded significant growth in the last few years, with the Aruban government proactively investing to improve the overall quality of tourism services.
• The growth in tourism in Aruba will help the sales of travel insurance products over the forecast period.
• During the review period, a consistently high combined ratio was recorded by non-life insurers, which indicates low profitability.
• After a poor performance in 2010, the Aruban oil and petroleum industry started to recover in 2011 and performed well in 2012.
• This will positively impact the insurance industry, and the marine and transit insurance sector in particular

Report Scope

This report provides a comprehensive analysis of the insurance industry in Aruba:

• It provides historical values for the Aruban insurance industry for the reports 2008–2012 review period and forecast figures for the 2012–2017 forecast period
• It offers a detailed analysis of the key segments and categories in the Aruban insurance industry, along with industry forecasts until 2017
• 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 Aruba 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 Aruban insurance industry and each segment within it
• Assess the competitive dynamics in the Aruban insurance industry
• Understand the demand-side dynamics, key market trends and growth opportunities within the Aruban insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Aruban insurance industry and its impact on companies and the industrys future

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Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

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