Fast Market Research recommends "The Insurance Industry in Mauritania, Key Trends and Opportunities to 2017" from Timetric, now available

Boston, MA -- (SBWire) -- 06/14/2013 --The combination of a significantly large rural population, high levels of poverty and a low literacy rate is hindering the growth of the insurance industry Mauritania. GDP recorded a CAGR of 9.2% during the review period (2008-2012) and aided the growth of insurance industry which grew from MRO3.7 billion in 2008 to MRO5.7 billion in 2012 at a CAGR of 11.7%. Despite such growth, insurance penetration remained low and stood at 0.47% in 2012. The non-life insurance segment was the industry's key driver and accounted for 82.4% of the its total gross written premiums in 2012. Government efforts to improve economic conditions following a military coup supported the industry during the review period, a trend which is anticipated to continue over the forecast period (2012-2017).

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Key Highlights

- The combination of a significantly large rural population, high levels of poverty and a low literacy rate is hindering the growth of the insurance industry in Mauritania
- The non-life insurance segment was the industry's key driver and accounted for 82.4% of its total gross written premiums in 2012
- Government efforts to improve economic conditions following a military coup supported the industry during the review period, a trend which is anticipated to continue over the forecast period (2012-2017)
- International donors such as the IMF and the World Bank, which previously suspended their support to the country on account of the military coup in 2008, resumed their assistance following a presidential election in 2009
- Consequently, the economy has grown significantly since 2010, due to relative political stability, growth in the mining industry and increased international assistance

Scope

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

- It provides historical values for the Mauritanian 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 Mauritanian 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

Reasons to Get This Report

- Make strategic business decisions using in depth historic and forecast industry data related to the Mauritanian insurance industry and each segment within it
- Assess the competitive dynamics in the Mauritanian insurance industry
- Understand the demand-side dynamics, key market trends and growth opportunities within the Mauritanian insurance industry
- Identify the growth opportunities and market dynamics within key segments

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