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"The Insurance Industry in Guatemala, Key Trends and Opportunities to 2016" Published


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2013-02-02 05:56:54 - New Financial Services research report from Timetric is now available from Fast Market Research

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

* It provides historic values for the Guatemalan insurance industry for the report's 2007-2011 review period and forecast figures for the 2011-2016 forecast period
* It offers a detailed analysis of the key segments and categories in the Guatemalan insurance industry, along with industry forecasts until 2016
* 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 Guatemala and outlines the key regulations affecting them

Key Highlights

* Guatemala has a small insurance industry with only 17 insurers operating in the industry in 2011.

* The global financial crisis affected the Guatemalan economy and thus had a direct effect on the Guatemalan insurance industry during the review period.
* Insurance penetration, as a percentage of gross domestic product (GDP) in Guatemala, stood at 1.24% in 2011, which is very low when compared to developed countries.
* The Guatemalan insurance industry is mainly comprised of domestic insurance companies but foreign insurance companies started to enter the industry after the changes in insurance law in 2011.
* Foreign insurance companies are allowed to operate in the country through branches.
* The Guatemalan insurance industry was led by the property, motor and health insurance categories.
* The high rate of road accidents supported the growth of motor insurance while a high risk of natural disasters supported the growth of property insurance.
* The inadequate public healthcare system increased the scope for private health insurance in Guatemala.


Full Report Details at
- www.fastmr.com/prod/532137_the_insurance_industry_in_guatemala_k ..


Scope

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

* It provides historic values for the Guatemalan insurance industry for the report's 2007-2011 review period and forecast figures for the 2011-2016 forecast period
* It offers a detailed analysis of the key segments and categories in the Guatemalan insurance industry, along with industry forecasts until 2016
* 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 Guatemala and outlines the key regulations affecting them

Reasons to Purchase

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

Companies Mentioned in this Report: Banco Agromercantil de Guatemala, Chartis Seguros Guatemala, Pan-American Life Insurance

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Guatemalan Insurance Industry Overview
3.1 Guatemalan Insurance Industry - Market Size, 2007-2016
3.2 Key Industry Trends and Drivers
3.3 Challenges
4 Legislation, Supervision and Control
4.1 Legislation Overview and Historical Evolution
4.2 Legislation Trends by Type of Insurance
4.2.1 Life insurance regulatory trends
4.2.2 Property insurance regulatory trends
4.2.3 Motor insurance regulatory trends
4.2.4 Marine, aviation and transit insurance regulatory trends
4.2.5 Personal accident and health insurance regulatory trends
4.3 Compulsory Insurance
4.3.1 Compulsory social security insurance
4.3.2 Compulsory insurance on the transportation of petroleum products in Guatemala
4.4 Supervision and Control
4.4.1 International Association of Insurance Supervisors
4.4.2 Association of Insurance Supervisors Latin America
4.4.3 Superintendency of Banks
5 Non-Admitted Insurance Regulatory
5.1 Overview
5.2 Intermediaries
5.3 Market Practices
5.4 Fines and Penalties
6 Company Registration and Operations
6.1 Types of Insurance Organisation
6.2 Establishing a Local Company
6.3 Foreign Ownership
6.4 Types of License
6.5 Capital Requirements
6.6 Solvency Margins
6.7 Reserve Requirements
6.8 Investment Regulations
6.9 Policy Terms and Conditions
6.10 Statutory Requirements
7 Taxation
7.1 Withholding Taxes on Premium Paid Overseas
7.2 Corporate Tax
7.3 VAT
7.4 Captives
8 Legal System
8.1 Introduction
8.2 Access to Court
8.3 Alternative Dispute Resolution (ADR)
9 Industry Segmentation
9.1 Life Insurance Growth Prospects by Category
9.1.1 Individual life insurance category
9.1.2 Group life insurance category
9.2 Non-Life Insurance Growth Prospects by Category
9.2.1 Property insurance category
9.2.2 Motor insurance category
9.2.3 Liability insurance category
9.2.4 Marine, aviation and transit insurance category
9.3 Personal Accident and Health Insurance Growth Prospects by Category
9.3.1 Personal accident insurance category
9.3.2 Health insurance category
9.3.3 Travel insurance category
9.4 Reinsurance Segment
10 Competitive Landscape
10.1 Overview

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=532137&dt=t

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

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

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