Costa Rica Insurance Industry Growing at 10.0% CAGR to 2018 Says a New Research Report Available at RnRMarketResearch.com
Dallas, Texas (PRWEB) June 25, 2014 -- The Costa Rican insurance industry underwent a significant transformation during the review period following its liberalization in 2008. Until 2008, the industry was predominantly led by the state-owned insurance company, Instituto Nacional de Seguros (INS). However, the scenario has changed and the number of insurance providers increased following the liberalization process; as of 2013, there were 13 companies licensed to conduct insurance business in Costa Rica.
The report provides in-depth industry analysis, information and insights into the insurance industry in Costa Rica, including:
• The Costa Rican insurance industry’s growth prospects by insurance segments and categories
• The competitive landscape in the Costa Rican insurance industry
• The current trends and drivers of the Costa Rican insurance industry
• Challenges facing the Costa Rican insurance industry
• Detailed regulatory framework of the Costa Rican insurance industry
Order a purchase copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=190687 .
Overview of Leading Companies:
• Instituto Nacional de Seguros (INS)
• Pan American Life Insurance de Costa Rica, SA
• Mapfre Seguros Costa Rica
• Seguros del Magiterio
• Assa Compañía de Seguros
Key highlights
• The Costa Rican insurance industry grew in written premium terms at a CAGR of 10.0%.
• The Costa Rican insurance industry underwent a significant transformation during the review period (2009–2013) following its liberalization in 2008
• The penetration rate of Costa Rica’s life segment stood at 2.06% in 2012, which is low when compared to countries such as Panama, which recorded a rate of 3.6%.
• Costa Rica’s working-age population is increasing marginally, which will support the development of its insurance industry.
• As of December 2013, 13 companies were licensed to conduct insurance business in the country.
• In 2013, there were 11 insurance companies operating in the life insurance segment.
Complete Report Available @ http://www.rnrmarketresearch.com/the-insurance-industry-in-costa-rica-key-trends-and-opportunities-to-2018-market-report.html .
Scope
This report provides a comprehensive analysis of the insurance industry in Costa Rica:
• It provides historical values for the Costa Rican insurance industry for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key segments and categories in the Costa Rican insurance industry, along with forecasts until 2018.
• 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 Costa Rica, and outlines the key regulations affecting them.
Reasons to buy
• Make strategic business decisions using in-depth historic and forecast industry data related to the Costa Rican insurance industry and each segment within it.
• Understand the demand-side dynamics, key trends and growth opportunities within the Costa Rican insurance industry.
• Assess the competitive dynamics in the Costa Rican insurance industry.
• Identify the growth opportunities and market dynamics within key segments.
• Gain insights into key regulations governing the Costa Rican insurance industry and its impact on companies and the industry’s future.
Explore more reports on Insurance industry at http://www.rnrmarketresearch.com/reports/business-financial-services/financial-services/insurance-financial-services .
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Ritesh Tiwari, RnR Market Research, http://www.rnrmarketresearch.com/, +1 (888) 391-5441, [email protected]
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