DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e8f478/caribbean_insuranc) has announced the addition of the "Caribbean Insurance Report 2012" report to their offering.
Business Monitor International's Caribbean Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Caribbean's insurance industry.
As a regional market for insurance, the Caribbean remains something of a backwater, notwithstanding that the combined population of the Dominican Republic, Jamaica and Trinidad and Tobago is about 16mn, and all countries are able to exploit their geographic proximity to the US. In many instances, nonlife and life insurance remains underdeveloped in terms of the metrics that BMI favours (non-life penetration and life density respectively). The exceptions (eg: the non-life segment of Jamaica and the life segment of Trinidad and Tobago) are few.
As is the case in other parts of the world, premium growth appears to have been resilient over the last few years. However, insurers face the challenges of international macroeconomic headwinds, the demands of solvency and the increasing dominance of the regional groups.
The Caribbean Life insurance segment remains underdeveloped, with Trinidad and Tobago the traditional outperformer in the sector. Similarly the non-life insurance segment is also underdeveloped, with Jamaica the regional outperformer in this segment.
The year 2011 has been a tough one for the segment with two major life insurers, CLICO International Life (CIL) and British American Insurance Company (BAICO) - both subsidiaries of the ill-fated CL Financial - becoming insolvent, posing a downside stability risk to the industry but with the upside potential of consolidation in the fragmented sector.
Key Topics Covered:
- SWOT Analysis
- Caribbean Life Sector Update
- Bahamas
- Barbados
- Dominican Republic
- Jamaica
- Trinidad And Tobago
- Caribbean Life Industry Forecast
- Growth Drivers And Risk Management Projections
- Population
- Caribbean Non-Life Sector Update
- Caribbean Non-Life Industry Forecast
- Growth Drivers And Risk Management Projections
- Political Stability Outlook
- Epidemiology
- Insurance Business Environment Ratings
- Competitive Landscape
Companies Mentioned:
- Sagicor Financial Corporation
- Guardian Holdings
- Mapfre
- MetLife ALICO
- RSA
For more information visit http://www.researchandmarkets.com/research/e8f478/caribbean_insuranc