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

Guinea insurance market: Latest market research analysed


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2014-03-05 19:57:02 - The Insurance Industry in Guinea, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

The insurance industry in Guinea is one of the most under developed in Africa. Despite this, the Guinean insurance industry posted significant growth during the review period. The significant growth in the industry is attributed to the development of intermediation which facilitated the distribution of conventional insurance products. In 2010, two new insurers entered the industry which increased competition and contributed to the overall growth. The total number of insurance providers increased from five in 2010 to seven at the end of 2010. The stable economic development in the country also supported the growth during the review period. These factors are expected to remain buoyant and maintain the growth of the Guinean insurance industry over the forecast period.

Key Highlights

• The

 

 

Guinean insurance industry underwent a transformation in terms of regulation and structure during the review period.
• The number of insurance providers rose from five to seven at the end of 2010, while regulations relating to intermediaries, and new increased minimum capital requirements were passed.
• These changes are expected to have an impact on the industrys growth over the forecast period.
• The motor and property insurance categories were the largest revenue generators for the industry and these two categories will play a pivotal role in the development of the insurance industry in Guinea.
• The industrys size and penetration levels remain low and the Guinean insurance industry is attractive to global insurers as it provides ample growth opportunities.
• The revised regulations led to an increase in capital requirements of companies.

Report Scope

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

• It provides historical values for the Guinean 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 Guinean 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 Guinea 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 Guinean insurance industry and each segment within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Guinean insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Guinean insurance industry and its impact on companies and the industrys future

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Mike King
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