Naperville, IL -- (SBWIRE) -- 01/22/2014 -- Reportstack, provider of premium market research reports announces the addition of The Insurance Industry in Bangladesh, Key Trends and Opportunities to 2017 market report to its offering
The Bangladeshi insurance industry is highly competitive. Key factors affecting the performance of the industry during the review period included fierce competition in the non-life segment, the rising market shares of private insurance companies, and the increasing level of risk being retained by insurers. The Bangladeshi insurance industry increased at a CAGR of 16.0% during the review period (20082012), supported primarily by the life insurance segment.
This report provides a comprehensive analysis of the insurance industry in Bangladesh:
It provides historical values for the Bangladeshi insurance industry for the reports 20082012 review period, and forecast figures for the 20122017 forecast period
It offers a detailed analysis of the key segments and categories in Bangladeshi 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 Bangladesh, and outlines the key regulations affecting them
Reasons to Buy
Make strategic business decisions using in-depth historic and forecast industry data related to the Bangladeshi insurance industry and each segment within it
Understand the demand-side dynamics, key trends and growth opportunities within the Bangladeshi insurance industry
Assess the competitive dynamics in the the Bangladeshi insurance industry
Identify the growth opportunities and market dynamics within key segments
Gain insights into key regulations governing the Bangladeshi insurance industry and its impact on companies and the industry's future
The life insurance segment recorded a significant review-period CAGR of 16.4%, driven by the countrys large population, robust economic growth, increased promotional efforts by private insurance companies, rising disposable income levels and increased awareness of the need for insurance.
The insurance industry in Bangladesh registered low combined and loss ratios in all three insurance segments life, non-life and personal accident and health during the review period.
Its large population will continue to be a key growth driver for the insurance industry, especially in the life segment, over the forecast period.
Life insurance led the Bangladeshi insurance industry during the review period, accounting for a 76.9% share of gross written premiums in 2012.
The Bangladeshi insurance industry is fragmented and led by state-owned companies.
In 2012, 18 insurers operated in the life segment and 44 were present in the non-life segment.
Jiban Bima Corporation
Sadharan Bima Corporation
Green Delta Insurance Company Ltd
National Life Insurance Co. Ltd
Delta Life Insurance Company Ltd
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