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The Insurance Industry in Central African Republic, Key Trends and Opportunities to 2017

Central African Republic insurance market: Latest market research analysed


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2014-03-05 19:58:02 - The Insurance Industry in Central African Republic, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

The Central African Republic (CAR) insurance industry grew at a CAGR of 9.8% during the review period. The increase was partly as a consequence of stable economic development, the nations expanding mining industry and the beginning of various infrastructure projects centering around the laying of fiber optic cables, modernizing transport routes and improving energy capacity. However, the industrys market size is relatively small when considered within the context of the global insurance framework. As the performance of insurance industry is closely correlated with the economic growth of a nation; stable economic development in the CAR spurred the demand for insurance products during the review period.

Key Highlights

• The Central African Republic (CAR) insurance industry grew at a CAGR of 9.8% during

 

 

the review period.
• The life insurance segment recorded a high combined ratio during the review period, raising concerns among insurers.
• One of the key reasons for low penetration rates is a lack of public awareness with regards to insurance coverage.
• Insurers must to address this challenge by taking up initiatives and driving awareness campaigns aimed at promoting the benefits of insurance products.
• The CAR insurance industry is regulated by the Conférence Internationale des Marchés dAssurances − (CIMA).

Report Scope

This report provides a comprehensive analysis of the insurance industry in the Central African Republic:

• It provides historical values for the Central African Republic 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 Central African Republic 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 outlines the key regulations affecting the insurance industry

Reasons to Buy

• Make strategic business decisions using in depth historic and forecast industry data related to the Central African Republic insurance industry and each segment within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Central African Republic insurance industry
• Assess the competitive dynamics in the Central African Republic insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Central African Republic insurance industry and its impact on companies and the industrys future

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