The Insurance Industry in Haiti, Key Trends and Opportunities to 2017 - New Market Study Published

Haiti is one of the poorest countries in the Latin American and Caribbean region. The insurance industry is small and serves 0.3% of the population. The combination of geographical isolation, a scarcity of natural resources and a lack of infrastructure and industry expertise are hindering its growth. However, significant progress has been made by four organizations: Swiss Re, Caribbean Risk Managers Limited, Guy Carpenter Micro Risk Solutions and Fonkoze who formed a partnership to design innovative microinsurance programs. Such schemes are expected to provide both short and medium-term economic assistance and support industry growth. Haiti is vulnerable to natural disasters and recorded a severe earthquake in 2010 which had economic implications in that it decelerated growth. GDP at current prices grew at a CAGR of 7.0% during the review period (2008-2012) while the insurance industry posted a CAGR of 5.3%.

Key Highlights

* Non-life insurance was the largest segment in the industry
* Haiti is one of the poorest countries in the Latin American and Caribbean region
* The insurance industry is small and serves 0.3% of the population
* Haiti is vulnerable to natural disasters and recorded a severe earthquake in 2010 which had economic implications in that it decelerated growth
* Haiti's insurance penetration rate was low when compared with neighboring countries such as the Dominican Republic
* Limited public awareness regarding the benefits of insurance products, coupled with a lack of experienced manpower, are considered the main drawbacks for the development of the industry

Full Report Details at
- http://www.fastmr.com/prod/606482_the_insurance_industry_in_haiti_key_trends_and.aspx?afid=301

Scope

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

* It provides historical values for the Haitian 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 sub-segments in the Haitian insurance industry, along with 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 Haiti 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 Haitian insurance industry and each segment within it
* Understand the demand-side dynamics, key trends and growth opportunities within the Haitian insurance industry
* Assess the competitive dynamics in the Haitian insurance industry
* Identify the growth opportunities and market dynamics within key segments
* Gain insights into key regulations governing the Haitian insurance industry and its impact on companies and the industry's future

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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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