The Insurance Industry in Bolivia to 2018: Market Size, Trends and Forecast

on Sunday, 2 November 2014
ResearchMoz.us include new market research report " The Insurance Industry in Bolivia to 2018: Market Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

The Bolivian economy is recovering slowly after the global economic crisis of 2008–2009, the eurozone crisis in 2011, and the sluggish tourism recovery in the US and Europe. Despite this, the economy recorded the highest growth rate in South America during the review period (2009–2013), at 3.4% in 2009, and the highest growth rate in Latin America during 2012–2013, at 6.8%. Bolivian GDP at constant prices increased from BOB31.3 billion (US$4.5 billion) in 2009 to BOB38.5 billion (US$5.6 billion) in 2013, at a review period compound annual growth rate (CAGR) of 5.3%. 


Bolivia achieved political stability after President Evo Morales introduced reforms in 2006 involving the privatization of the oil and gas industry, major modifications to the country’s constitution, strengthening the economy and the implementation of various social programs. Public debt was a primary government concerns and the political reforms reduced debt from 94% of GDP in 2003 to less than 40% in 2013. 

The Bolivian insurance industry grew at a CAGR of 15.7%. Industry growth was supported by strong performance in the life and non-life segments, as well economic recovery following the global financial crisis in 2008–2009. The non-life segment’s growth was mostly driven by the motor insurance and marine aviation and transit insurance categories, which grew at CAGRs of 17.0% and 16.3% respectively in 2013.

Scope:-

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

  • It provides historical values for the Bolivian insurance industry for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key segments and categories in the Bolivian insurance industry, along with forecasts until 2018.
  • 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 Bolivia, and outlines the key regulations affecting them.

Browse More related reports to Insurance at: http://www.researchmoz.us/insurance-market-reports-161.html

Key highlights:-

  • The Bolivian insurance industry posted a review-period CAGR of 15.7%.
  • The Bolivian insurance industry is dominated by the non-life segment. In 2013, the non-life segment’s gross written premium constituted 63.9% of the industry total.
  • Health was one of the fastest-growing insurance categories in 2013. It accounted for 79.3% of the total personal accident and health segment’s gross written premium, growing at a review-period CAGR of 12.3%
  • Although the Bolivian insurance industry is competitive, underwriting performance is weakening as the combined ratio was over 100% for all three segments in 2013.



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