Insight Report: Nascent Insurance Markets and Opportunities for Foreign Insurers

  • ID: 2880549
  • June 2014
  • Region: Global
  • 52 Pages
  • Timetric
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GDP is expected to reach over US$96 billion by 2018, growing at a CAGR of over 10%

The report covers nascent insurance markets and provides:
- Insights into the Cambodian, Cuban and Myanmar insurance industries.
- Detailed analysis of various factors driving growth in the insurance industries in Cambodia, Cuba and Myanmar, and different challenges posed by these economies.
- Comprehensive analysis of the demographic and economic structures of these countries.
- Insights of existing regulatory standards in these economies for foreign participation, non-admitted insurance, compulsory insurance and prudential standards.
- Analysis of various opportunities and challenges for foreign insurers in Cambodia, Cuba and Myanmar.

Insurance markets in developed countries are mature, with limited scope for growth. Insurers operating in these markets are therefore looking to new regions to expand and diversify. A nascent insurance market is one that is small and newly developing, and those that have been opened for foreign investment offer significant opportunities to foreign insurers.

Myanmar – Asia's final frontier economy
Myanmar, described as the last frontier economy of Asia, began the conversion to a free market economy when READ MORE >

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1 Executive Summary
2 Nascent Insurance Markets – Overview
2.1 Growth Drivers
2.1.1 Economic reforms
2.1.2 FDI inflow
2.1.3 Untapped markets
2.1.4 Increasing demand for fire insurance
2.1.5 Rising motor vehicle sales
2.2 Challenges
2.2.1 Political risks
2.2.2 Economic risks
2.2.3 Regulatory risks
2.2.4 Uneducated customer base and lack of expertise
2.2.5 Dominance of state-owned insurers
3 The Myanmar Insurance Industry
3.1 Demographics
3.2 Economy
3.2.1 GDP at current prices
3.2.2 GDP per capita at current prices
3.3 The Transition
3.4 Regulatory Environment
3.4.1 FDI and foreign participation
3.4.2 Non-admitted regulations
3.4.3 Compulsory insurance
3.4.4 Prudential standards
3.4.5 Taxation
3.5 Opportunities for Foreign Insurers
3.5.1 Market size
3.5.2 Penetration
3.5.3 Degree of competition
4 The Cuban Insurance Industry
4.1 Demographics
4.2 Economy
4.2.1 GDP at current prices
4.2.2 GDP per capita at current prices
4.3 The Transition
4.4 Regulatory Environment
4.4.1 FDI and foreign participation
4.4.2 Non-admitted regulations
4.4.3 Compulsory insurance
4.4.4 Prudential standards
4.4.5 Taxation
4.5 Opportunities for Foreign Insurers
4.5.1 Market size
4.5.2 Penetration
4.5.3 Degree of competition
5 The Cambodian Insurance Industry
5.1 Demographics
5.2 Economy
5.2.1 GDP at current prices
5.2.2 GDP per capita at current prices
5.3 The Transition
5.4 Regulatory Environment
5.4.1 FDI and foreign participation
5.4.2 Non-admitted regulations
5.4.3 Compulsory insurance
5.4.4 Prudential standards
5.4.5 Taxation
5.5 Opportunities for Foreign Insurers
5.5.1 Market size
5.5.2 Penetration
5.5.3 Degree of competition
6 Appendix
6.1 Methodology
6.2 Contact Timetric
6.3 About Timetric
6.4 Timetric's Services
6.5 Disclaimer

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown





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