Albany, NY -- (SBWIRE) -- 11/04/2014 -- The report provides in-depth industry analysis, information and insights of the insurance industry in Bolivia, including:
The Bolivian insurance industry’s growth prospects by insurance segments and categories
The competitive landscape in the Bolivian insurance industry
The current trends and drivers of the Bolivian insurance industry
Challenges facing the Bolivian insurance industry
Detailed regulatory framework of the Bolivian insurance industry
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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.
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.
Table of Contents
1 Executive Summary
2.1 What is this Report About?
3 Bolivian Insurance Industry Overview
3.1 Bolivian Insurance Industry
3.2 Key Industry Trends and Drivers
4 Industry Segmentation
4.1 Life Insurance
4.2 Individual Life Insurance
4.3 Group Life Insurance
4.4 Life Insurance by Category
4.4.1 Individual whole life insurance
4.4.2 Individual pension insurance
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