Boston, MA -- (SBWIRE) -- 05/02/2013 -- The Surinamese insurance industry is led by the non-life insurance segment, which accounted for 45% of the gross insurance premium (GWP) in 2011. The motor insurance category accounted for the largest share of the segment. At the end of 2011, 13 companies were operating in the Surinamese insurance industry consisting of five life insurance, six non-life insurance and two funeral insurance companies. The Central Bank of Suriname (CBvS) is the regulator of the country's insurance industry. The Surinamese insurance industry remained relatively unaffected by the global and European debt crisis. The Surinamese insurance industry is currently facing challenges on account of stiff price competition and increasing value of paid claims.

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Key Highlights

- The Surinamese insurance industry is led by the non-life insurance segment, which accounted for 45% of the gross insurance premium (GWP) in 2011.
- The motor insurance category accounted for the largest share of the segment.
- At the end of 2011, 13 companies were operating in the Surinamese insurance industry consisting of five life insurance, six non-life insurance and two funeral insurance companies.
- A low insurance penetration rate, rising life expectancy and increasing healthcare costs will drive the growth of the life and personal accident and health insurance segments over the forecast period
- Growing product developments and increased use of technology by companies will help to attract and raise awareness for insurance products.

Scope

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

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

Companies Mentioned in this Report: Assuria N.V., FATUM Schadeverzekering N.V., Self Reliance Insurance Company

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