Nominal GDP growth will be the main driver of the development of the non-life segment and, therefore, the insurance sector as a whole. The main constraint on the growth in premiums will remain low income levels of the vast majority of households. ...The main constraint on the growth in premiums will remain low income levels of the vast majority of households. Currency movements will likely ensure that growth in USD terms is consistently slower than growth in local currency terms. The development of micro-insurance and affordable health insurance is a positive wildcard that may or may not provide a meaningful boost to premiums in the forecast period to ----. ...Currency movements will likely ensure that growth in USD terms is consistently slower than growth in local currency terms. The development of micro-insurance and affordable health insurance is a positive wildcard that may or may not provide a meaningful boost to premiums in the forecast period to ----.
...Life insurance claims long remained steadily around -- of gross life premiums, but in ---------, this has fallen to less than -- , a particularly low level even for an underdeveloped and growing market such as Nicaragua s. We expect this low level of claims to continue over the coming years, only gradually increasing over the next decade as the market slowly matures. ...Life insurance claims long remained steadily around -- of gross life premiums, but in ---------, this has fallen to less than -- , a particularly low level even for an underdeveloped and growing market such as Nicaragua s. We expect this low level of claims to continue over the coming years, only gradually increasing over the next decade as the market slowly matures. In ----, with a loss ratio of -- , we expect to see claims reach USD--mn, or NIO---mn. ...In ----, with a loss ratio of -- , we expect to see claims reach USD--mn, or NIO---mn.
...We look for life premiums to rise by - to NIO---mn in ----. In USD terms, premiums should grow by - to USD--mn. ...
