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Finance

Puerto Rico insurance market: New market research published

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The Insurance Industry in Puerto Rico, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-04 12:59:04
The Puerto Rican economy contracted during 2007–2011 due to a decline in exports, the global financial crisis, falling investment in construction, and a significant decline in government spending. However, the countrys insurance industry posted positive growth during the review period, driven by the governments healthcare reforms, implementation of the Medicare program and compulsory third-party motor insurance.

Key Highlights

• The Puerto Rican economy contracted during 2007–2011 due to a decline in exports, the global financial crisis, falling investment in construction, and a significant decline in government spending.
• However, the countrys insurance industry posted positive growth during the review period, driven by the governments healthcare reforms, implementation of the Medicare program and compulsory third-party motor insurance.
• The government of Puerto Rico in collaboration with the office of the Commissioner of Insurance enacted regulations to attract global insurers in 2011.
• Puerto Rico is treated by global insurers as a location from which to access both Latin America and US insurance industries.
• The countrys proximity to Latin America and the US enables Puerto Rican insurers to underwrite policies directly from these areas.
• The Puerto Rican insurance industry is dominated by the personal accident and health segment.

Report Scope

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

• It provides historical values for the Puerto Rican 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 Puerto Rican 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 Puerto Rico 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 Puerto Rican insurance industry and each segment within it
• Assess the competitive dynamics in the Puerto Rican insurance industry
• Understand the demand-side dynamics, key market trends and growth opportunities within the Puerto Rican insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Puerto Rican 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
e-mail
www.companiesandmarkets.com



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