Aarkstore.com - The Insurance Industry in Guatemala_ Key Trends and Opportunities to 2016

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					Aarkstore.com announces, a new market research report is available in its vast collection:


        The Insurance Industry in Guatemala, Key Trends and
                        Opportunities to 2016
http://www.aarkstore.com/reports/The-Insurance-Industry-in-Guatemala-Key-Trends-and-
Opportunities-to-2016-135173.html

Synopsis

The report provides in depth market analysis, information and insights into the insurance industry in
Guatemala, including:
• The Guatemalan insurance industry’s growth prospects by insurance segments and categories
• The competitive landscape in the Guatemala insurance industry
• The current trends and drivers of the Guatemala insurance industry
• The challenges facing the Guatemala insurance industry
• The regulatory framework of the Guatemala insurance industry

Summary

Guatemala has a small insurance industry with only 17 insurers operating in the industry in 2011. The
global financial crisis affected the Guatemalan economy and thus had a direct effect on the
Guatemalan insurance industry during the review period. The insurance penetration, as a percentage
of gross domestic product (GDP) in Guatemala, stood at 1.24% in 2011, which is very low when
compared to developed countries. The Guatemalan insurance industry is mainly comprised of domestic
insurance companies but foreign insurance companies started to enter the industry after the changes
in insurance law in 2011. Foreign insurance companies are allowed to operate in the country through
branches. The Guatemalan insurance industry was led by the property, motor and health insurance
categories. The high rate of road accidents supported the growth of motor insurance while a high risk
of natural disasters supported the growth of property insurance. The inadequate public healthcare
system increased the scope for private health insurance in Guatemala.

Scope

This report provides a comprehensive analysis of the insurance industry in Guatemala:
• It provides historic values for the Guatemalan insurance industry for the report’s 2007–2011 review
period and forecast figures for the 2011–2016 forecast period
• It offers a detailed analysis of the key segments and categories in the Guatemalan insurance
industry, along with industry forecasts until 2016
• 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 Guatemala and outlines the key regulations affecting them

Table of Contents:

1 Executive Summary
 2 Introduction
 2.1 What is this Report About?
 2.2 Definitions
 2.3 Methodology
 3 Guatemalan Insurance Industry Overview
 3.1 Guatemalan Insurance Industry – Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.3 Challenges
4 Legislation, Supervision and Control
4.1 Legislation Overview and Historical Evolution
4.2 Legislation Trends by Type of Insurance
4.2.1 Life insurance regulatory trends
4.2.2 Property insurance regulatory trends
4.2.3 Motor insurance regulatory trends
4.2.4 Marine, aviation and transit insurance regulatory trends
4.2.5 Personal accident and health insurance regulatory trends
4.3 Compulsory Insurance
4.3.1 Compulsory social security insurance
4.3.2 Compulsory insurance on the transportation of petroleum products in Guatemala
4.4 Supervision and Control
4.4.1 International Association of Insurance Supervisors
4.4.2 Association of Insurance Supervisors Latin America
4.4.3 Superintendency of Banks
5 Non-Admitted Insurance Regulatory
5.1 Overview
5.2 Intermediaries
5.3 Market Practices
5.4 Fines and Penalties
6 Company Registration and Operations
6.1 Types of Insurance Organisation
6.2 Establishing a Local Company
6.3 Foreign Ownership
6.4 Types of License
6.5 Capital Requirements
6.6 Solvency Margins

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For More details about above & other Reports plz contact :

Vina

Aarkstore.com

Contact: Marketing team

Mob.No.918149852585

Email: enquiry@aarkstore.com

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