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

From: Fast Market Research, Inc.
Published: Fri May 24 2013

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


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

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 http://www.fastmr.com or call us at 1.800.844.8156.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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