"The Insurance Industry in Nicaragua, Key Trends and Opportunities to 2017" Published

The Nicaraguan insurance industry is still in its developmental stages. There are a total of five insurance companies in Nicaragua: four private and one public limited company. The industry is therefore highly concentrated, with the two-leading insurers accounting for a collective market share of 56.2% in 2012. Nicaragua is the poorest country in Central America and half of the population lives below poverty line. The combination of a significantly large rural population, high levels of poverty and a low literacy rate is hindering the growth of the nation's insurance industry. The industry's main growth driver is the non-life segment. Export and tourism growth will support the sales in the insurance industry over the forecast period.

Key Highlights

* The non-life insurance segment accounted for the largest share of the total insurance written premium value in 2012
* Non-life is the largest insurance segment in Nicaragua
* Medical tourism has been highlighted as a growth driver for Nicaragua
* Income earned through exports plays an important role in promoting the Nicaraguan economy. In 2012, export figures grew by 17.5% to hit US$2.8 billion of which coffee accounted for US$519 million of the total
* The Nicaraguan insurance industry is regulated by the Superintendence of Banks and Other Financial Institutions (SIBOIF)

Full Report Details at
- http://www.fastmr.com/prod/588660_the_insurance_industry_in_nicaragua_key_trends.aspx?afid=301

Scope

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

* It provides historical values for the Nicaraguan insurance industry for the report's 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 Nicaraguan 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 Nicaragua and outlines the key regulations affecting them

Reasons to Get this Report

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

Companies Mentioned in this Report: Assa Insurance Company, SA, Nicaraguan Institute of Insurance and Reinsurance, Mapfre Insurance Nicaragua, SA, America Seguros SA, Lafise Seguros, SA

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