DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ttzwdq/the_insurance) has announced the addition of the "The Insurance Industry in Ecuador, Key Trends and Opportunities to 2016" report to their offering.
The Ecuadorian insurance industry grew in terms of gross written premium value at a compound annual growth rate (CAGR) of 18.5% during the review period (2007-2011). The life insurance segment registered a CAGR of 21.4% during the review period. This growth was mainly driven by an increased demand for group life insurance schemes. The non-life insurance segment accounted for the largest share of 70.5% of total insurance industry written premiums in 2011. The Ecuadorian insurance industry is fragmented due to the presence of a large number of domestic and foreign insurers. Colonial Insurance Company (QBE Seguros) is the leading insurance company in Ecuador.
Key Highlights
- The Ecuadorian insurance industry grew, in terms of gross written premium value, at a compound annual growth rate (CAGR) of 18.5% during the review period (2007-2011).
- The Ecuadorian insurance industry is fragmented due to the presence of a large number of domestic and foreign insurers.
- Colonial Insurance Company (QBE Seguros) is the leading insurance company in Ecuador.
- The demand for insurance products is expected to rise over the forecast period due to growing awareness among the population.
- Increasing government investments in the banking sector are expected to lead to industry expansion.
Key Topics Covered:
1 Executive Summary
2 Introduction
3 Ecuador Insurance Industry Overview
4 Market Segmentation
5 Competitive Landscape
6 Macroeconomic Indicators
7 Appendix
Companies Mentioned
- QBE - Seguros Colonial
- Seguros de Pichincha
- AIG Metropolitana
- Equivida S.A
- Seguros Equinoccial
- ACE Seguros S.A
- Seguros Sucre S.A.
- Latina Seguros
- Panamericana del Ecuador
- Aseguradora del Sur
For more information visit http://www.researchandmarkets.com/research/ttzwdq/the_insurance
