New Financial Services market report from Timetric: "The Insurance Industry in Bolivia, Key Trends and Opportunities to 2017"

Boston, MA -- (SBWire) -- 05/02/2013 --The Bolivian insurance industry is both concentrated and competitive, with 14 insurers operating in the country. However, the country's insurance industry is very small in terms of penetration, premium per capita and gross written premiums when compared to other Latin American countries such as Brazil and Chile. The industry benefits from well-written insurance laws and a good supervisory framework. Eight of the country's 14 insurers operate in the non-life insurance segment, while the remaining six operate in the life segment. There are 27 insurance brokers and four reinsurance brokers in the country. In terms of gross written premium, the top five insurers account for over 70% of the overall industry. In the non-life insurance segment, the top four companies have a combined share of 85%.

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Key Highlights

- The Bolivian insurance industry is both concentrated and competitive, with 14 insurers operating in the country
- However, the country's insurance industry is very small in terms of penetration, premium per capita and gross written premiums when compared to other Latin American countries such as Brazil and Chile
- Although the Bolivian insurance industry is competitive, underwriting performance is weakening as the combined ratio was over 100% for all three segments in 2012
- The Bolivian insurance industry is dominated by non-life insurance
- Insurance companies are introducing new schemes to increase market share, with one example being crop insurance

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 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 Bolivian 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 Bolivia 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 Bolivian insurance industry and each segment within it
- Assess the competitive dynamics in the Bolivian insurance industry
- Understand the demand-side dynamics, key market trends and growth opportunities within the Bolivian insurance industry
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Bolivian insurance industry and its impact on companies and the industry's future

Companies Mentioned in this Report: La Boliviana Ciacruz Seguros Generales, Credinform International SA de Seguros, Alianza Compania de Seguros y Reaseguros SA, Bisa Seguros y Reaseguros SA, Nacional Vida Seguros de Personas SA, Compania de Seguros y Reaseguros Fortaleza SA

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