Research and Markets: Insurance Industry in Puerto Rico Key Trends and Opportunities to 2018

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/zvl636/the_insurance) has announced the addition of the "The Insurance Industry in Puerto Rico, Key Trends and Opportunities to 2018" report to their offering.

The Puerto Rican insurance industry grew over the review period (2009-2013), at a compound annual growth rate (CAGR) of 2.6%. The written premium fell in 2013, primarily due to strong price competition, which led to a decrease in the income of companies. The life segment led review-period industry growth, as it registered a CAGR of 5.1%, followed by the personal accident and health segment with a CAGR of 2.9% and the non-life segment with a CAGR of 0.4%. The main driver of the sustained growth in the life segment was growth in the annuities category during 2009-2013.

Key Highlights

  • The Puerto Rican insurance industry grew over the review period (2009-2013), at a compound annual growth rate (CAGR) of 2.6%.
  • Puerto Rico's GDP declined continually during 2009-2011, and grew moderately in 2012 and 2013, recording a CAGR of 0.18% during the review period.
  • The Puerto Rican Insurance industry is moderately concentrated with the four leading providers accounting for 56.7% of the industry, in terms of total written premiums.
  • The Puerto Rican life insurance segment accounted for 9.5% of the total written premium of the industry in 2013. This indicates that the demand for life insurance products is lower in comparison to non-life and personal accident and health products.
  • Increasing unemployment, shrinking population and government inefficiency continues to be challenges to economic development.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Puerto Rican Insurance Industry Overview

4 Industry Segmentation

5 Governance, Risk and Compliance

6 Competitive Landscape

7 Macroeconomic Indicators

8 Appendix

Companies Mentioned

  • Triple-S
  • MMM Healthcare
  • Medical Card System Inc.
  • Humana

For more information visit http://www.researchandmarkets.com/research/zvl636/the_insurance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance