Description
Synopsis
The report provides in depth market
analysis, information and insights into the insurance industry in the Dominican
Republic, including:
- The Dominican Republic insurance industry’s growth prospects by insurance segments and categories
- The competitive landscape in the Dominican Republic insurance industry
- The current trends and drivers of the Dominican Republic insurance industry
- The challenges facing the Dominican Republic insurance industry
- The regulatory framework of the Dominican Republic insurance industry
To
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Executive summary
The Dominican insurance industry is
expected to grow over the forecast period. Stable economic growth, increased
investment in infrastructure, and growing demand for health insurance are the
main factors which will support growth. Also, a new mortgage law to facilitate
the growth of the housing market in the country will spur the demand for
products related to property insurance. The low insurance penetration will provide
companies with potential for growth, supported by increasing consumer awareness
of insurance. New product developments to cater to growing and changing
consumer needs, along with strategic alliances by companies to expand market
presence, will drive growth in the coming years.
Scope
This report provides a comprehensive
analysis of the insurance industry in the Dominican Republic:
- It provides historical values for the Dominican Republic 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 Dominican Republic 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 the Dominican Republic and outlines the key regulations affecting them
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