Guatemala Insurance Report - Business Monitor International - Industry Reports

Guatemala Insurance Report

Guatemala Insurance Report - Business Monitor International - Industry Reports
Guatemala Insurance Report
Published Sep 03, 2016
46 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Guatemala s life sector is markedly smaller than the non-life sector, with gross premiums set to reach USD---mn in ----, less than one-fifth of the country s total insurance market. This represents growth of -.- , which, while fast by the standards of developed economies, is significantly slower than many of its regional peers and other markets at a similar level of economic development. ...Guatemala s life sector is markedly smaller than the non-life sector, with gross premiums set to reach USD---mn in ----, less than one-fifth of the country s total insurance market. This represents growth of -.- , which, while fast by the standards of developed economies, is significantly slower than many of its regional peers and other markets at a similar level of economic development. Like most other life insurance sectors in the region, the industry in Guatemala is sorely underdeveloped with penetration at just -.- of GDP and density at USD--.- per capita. ...A significant hindrance to the development of the life insurance market is the low average household income rate in the country.

...Guatemala offers a moderate potential consumer market for the life insurance industry, with a total population numbering just --mn people. It is estimated, however, that a significant portion of the population lives around or below the poverty line, with extremely limited household income. ...It is estimated, however, that a significant portion of the population lives around or below the poverty line, with extremely limited household income. This substantially reduces capacity for spending on traditional life insurance products and the high level of poverty in the country means that life insurance density will remain relatively low. Development of the life sector is not helped by the proliferation of life insurers, with eight insurers claiming over - of total premiums. ...Substantial investment by a major international insurer such as PALIG or MAPFRE has the potential to invigorate the sector and capture significant market share. There has been little sign from these or any other insurers to suggest that such a move is imminent, with

...GDP growth in Guatemala is expected to slow in ----, with our Country Risk team currently forecasting growth of -.- , down from -.- in ----. A number of factors are affecting the growth outlook, including a weak business environment, dependency on low-value manufactured exports and high vulnerability to swings in commodity prices. ...

  
Source:
Document ID
2397-4257
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Guatemala Insurance Report" Sep 03, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Guatemala-Insurance-Report-2026-1876>
  
APA:
Business Monitor International - Industry Reports. (2016). Guatemala Insurance Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Guatemala-Insurance-Report-2026-1876>
  
US$ 1,295.00
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