Market Report, "The Insurance Industry in Belize, Key Trends and Opportunities to 2017", published

From: Fast Market Research, Inc.
Published: Mon Jun 03 2013


The economy of Belize is small and largely dependent on agriculture and tourism, with GDP estimated at BZD3.2 billion (US$1.6 billion) in 2012. After negative growth due to the financial crisis of 2009, GDP grew along with improvement in agriculture production (such as sugar and citrus) and increase in overnight tourist arrivals, especially from the US. The insurance industry expanded at a CAGR of 6.3% during the review period (2008-2012). The industry is regulated by the Supervisor of Insurance. The insurance industry is competitive, with twelve companies serving a population of 332,700 at the end of 2011. As with elsewhere in the Central American region, the non-life segment accounts for the largest proportion of gross written premium with 44.2% of the total in 2012.

Full Report Details at
- http://www.fastmr.com/prod/608040_the_insurance_industry_in_belize_key_trends_and.aspx?afid=303

Key Highlights

* The insurance industry expanded at a CAGR of 6.3% during the review period (2008-2012)
* The insurance industry is competitive, with twelve companies serving a population of 332,700 at the end of 2011
* Following negative growth in 2009, the economy registered GDP growth of 2.7% in 2010 and 2.3% in 2011
* The industry demonstrated efficient risk management by maximizing returns and reducing costs as can be inferred by the combined ratios of both life and non-life segments
* The Health Ministry plans to extend primary healthcare facilities to the entire population and improve access to health care facilities for citizens
* The new National Health Insurance scheme will be publicly and privately funded, which will support the growth of private health insurance over the forecast period

Scope

This report provides a comprehensive analysis of the insurance industry in Belize:

* It provides historical values for the Belizean insurance industry for the report's 2009-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key segments and categories in the Belizean insurance industry, along with industry forecasts until 2017
* 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 Belize and outlines the key regulations affecting them

Reasons to Get this Report

* Make strategic business decisions using in depth historic and forecast industry data related to the Belizean insurance industry and each segment within it
* Assess the competitive dynamics in the Belizean insurance industry
* Understand the demand-side dynamics, key market trends and growth opportunities within the Belizean insurance industry
* Identify the growth opportunities and market dynamics within key segments

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- The Insurance Industry in Jordan, Key Trends and Opportunities to 2017
- The Insurance Industry in Slovenia, Key Trends and Opportunities to 2017
- The Insurance Industry in Croatia, Key Trends and Opportunities to 2017
- The Insurance Industry in Estonia, Key Trends and Opportunities to 2017
- The Insurance Industry in Romania, Key Trends and Opportunities to 2017

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »