New Report Available: The Insurance Industry in the Maldives, Key Trends and Opportunities to 2017

From: Fast Market Research, Inc.
Published: Wed Jun 26 2013


The volume of the Maldivian insurance industry is very low and lags behind other South Asian markets. The industry has developed since 2004 when a new set of regulations were introduced by the island nation. The insurance industry grew at a CAGR of 11.0% during the review period. The growth of Takaful insurance, the proposed implementation of medical health insurance for all Maldivian citizens and the introduction of mandatory third-party motor vehicle liability insurance in 2012 are expected to be the main growth drivers for the insurance industry over the forecast period. The Maldives has a competitive insurance industry and over the forecast period the industry is expected to experience strong competition in tourism-aligned insurance products such as travel and diving insurance. Tourism is considered to be the primary revenue earner and is expected to be a growth driver for the insurance industry, with new products created in partnership with the government and other key stakeholders.

Full Report Details at
- http://www.fastmr.com/prod/606486_the_insurance_industry_in_the_maldives_key_trends.aspx?afid=303

Key Highlights

* The industry has developed since 2004 when a new set of regulations were introduced by the island nation
* The volume of the Maldivian insurance industry is very low, and lags behind other South Asian markets
* The Maldives has a competitive insurance industry and over the forecast period the industry is expected to experience strong competition in tourism-aligned insurance products such as travel and diving insurance
* The Maldivian insurance industry has one of the smallest insurance penetrations in South Asia
* The Maldivian insurance industry is regulated by the Maldives Monetary Authority (MMA) and governed by the regional insurance law imposed by the MMA under Presidential Decree no. 2002/6
* The aging population is driving demand for pension and health insurance products

Scope

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

* It provides historical values for the Maldivian insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key segments and sub-segments in the Maldivian insurance industry, along with 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 the Maldives 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 Maldivian insurance industry and each segment within it
* Understand the demand-side dynamics, key trends and growth opportunities within the Maldivian insurance industry

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 Slovenia, Key Trends and Opportunities to 2017
- The Insurance Industry in Jordan, 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 »