Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance

"Caribbean Insurance Report 2014" is now available at Fast Market Research


Print article Print article
2013-12-08 14:46:04 - New Financial Services research report from Business Monitor International is now available from Fast Market Research

As in previous annual reports, we think that it is still fair and reasonable to describe the Caribbean as something of a backwater in terms of the insurance sectors of the various countries. A comparison with nearby markets in Latin America indicates that the Caribbean markets are small and not particularly rapidly growing.

In all five countries that we consider - Trinidad and Tobago, Jamaica, Bahamas, Dominican Republic and Barbados - a lacklustre economic environment has contained the growth of premiums and - in the life segments especially - boosted lapse rates. This has happened at a time that low interest rates and the restructuring of Jamaica's government debt have reduced investment income. Nevertheless, the major players are being proactive. As

of late 2013, Guardian Holdings Limited (GHL) has introduced a new and unified brand for the entire region, following acquisitions in the (former) Netherlands Antilles. Sagicor Financial has announced the sale of its European operations, which should eventually free up more capital that may be allocated to Sagicor's core businesses in the Caribbean. Meanwhile, Pan-American Life Insurance Group (PALIG) has emerged as a third force in the region, thanks to its purchase of MetLife Alico's Algico business. Unlike GHL or Sagicor, PALIG has substantial operations in Central America and other parts of Latin America.

Full Report Details at
- www.fastmr.com/prod/752005_caribbean_insurance_report_2014.aspx

The opportunities vary from country to country. We would highlight: consolidation in the non-life segment of Trinidad and Tobago; offshore insurance in Barbados and the Bahamas; and the development of products that are attractive to low income groups in the Dominican Republic and Jamaica.

Unfortunately, though, we are not able to see catalysts for much higher non-life penetration rates or life densities. Both will be essential if premiums are to rise more rapidly than in H113. Our forecasts for 2013 as a whole are based significantly on the results and comments of the two leading regional life companies.

Both Trinidad-based GHL and Barbados-based Sagicor have indicated that premiums in the non-life segments across the various countries of the British and Dutch Caribbean rose at pedestrian, single-digit rates through the first six months of the year. Official data for the Dominican Republic, in which neither of these companies have a presence, indicate that the same is true for that country. GHL has, however, achieved strong growth in its life insurance business in particular markets.

Partial Table of Contents:

BMI Industry View
- Table: Bahamas - Total Premiums 2010-2017
- Table: Barbados - Total Premiums 2010-2017
- Table: Dominican Republic - Total Premiums 2010-2017
- Table: Jamaica - Total Premiums 2010-2017
- Table: Trinidad and Tobago - Total Premiums 2010-2017
SWOT
- Insurance
- Political
- Economic
- Business Environment
- Political
- Economic
- Business Environment
Industry Forecast
- Life
- Table: Bahamas - Total Life Premiums 2010-2017
- Table: Barbados - Total Life Premiums 2010-2017
- Table: Dominican Republic - Total Life Premiums 2010-2017
- Table: Jamaica - Total Life Premiums 2010-2017
- Table: Trinidad & Tobago - Total Life Premiums 2010-2017
- Non Life
- Table: Bahamas - Total Non Life Premiums 2010-2017
- Table: Barbados - Total Non Life Premiums 2010-2017
- Table: Dominican Republic - Total Non Life Premiums 2010-2017
- Table: Jamaica - Total Non Life Premiums 2010-2017
- Table: Trinidad & Tobago - Total Non Life Premiums 2010-2017
Industry Risk Reward Ratings
- Caribbean Insurance Risk/Reward Ratings
- Table: Bahamas - Insurance Risk Reward Ratio (IRRR)
- Table: Barbados - Insurance Risk Reward Rating (IRRR)
- Table: Dominican Republic - Insurance Risk Reward Rating (IRRR)
- Table: Jamaica - Insurance Risk/Reward Rating (IRRR)
- Table: Trinidad & Tobago - Insurance Risk Reward Rating (IRRR)
- Latin America Insurance Risk/Reward Ratings
- Table: Caribbean And Latin America Risk/Reward Ratings
Market Overview
- Life Sector Update
- Non Life Sector Update
Industry Trends And Developments
- Life Growth Drivers and Risk Management Projections
- Table: Bahamas Insurance Key Drivers, Demographics 2010-2017
- Table: Barbados Insurance Key Drivers, Demographics 2010-2017
- Table: Dominica Republic Insurance Key Drivers, Demographics 2010-2017
- Table: Jamaica Insurance Key Drivers, Demographics 2010-2017
- Table: Trinidad And Tobago Insurance Key Drivers, Demographics 2010-2017
- Non Life Growth Drivers and Risk Management Projections
- Bahamas - Macroeconomic Forecasts
- Table: Bahamas - Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Barbados - Macroeconomic Forecasts
- Economic Activity - Fundamentals Threaten To Send Yields Higher
- Table: Barbados - Economic Activity
- Table: Barbados - Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Dominican Republic - Macroeconomic Forecasts
- Economic Activity - Weak Q113 Prompts Growth Downgrade
- Table: Dominican Republic - Macroeconomic Data And Forecasts
- Table: Dominican Republic - Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Jamaica - Macroeconomic Forecasts
- Economic Activity - Risk Of A Credit Event Rising
- Table: Jamaica - Macroeconomic Data And Forecasts
- Table: Jamaica - Insurance Key Drivers, Disease Adjusted Life Years 2010-201
- Trinidad And Tobago - Macroeconomic Forecasts
- Economic Recovery To Continue At Slow Pace
- Table: Trinidad & Tobago - Macroeconomic Indicators
- Political Outlook
- Table: Trinidad and Tobago - Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
Competitive Landscape

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=752005&dt=t

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com