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The Insurance Industry in Aruba, Key Trends and Opportunities to 2017

Aruba insurance market: Latest market analysis presented


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2014-03-04 13:03:01 - The Insurance Industry in Aruba, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

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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Mike King
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