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TMCNet:  Research and Markets: The Insurance Industry in El Salvador - Key Trends and Opportunities to 2018

[September 05, 2014]

Research and Markets: The Insurance Industry in El Salvador - Key Trends and Opportunities to 2018

DUBLIN --(Business Wire)--

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

El Salvador is one of the most competitive insurance industries in the Central American Region, with 21 insurance companies operating as of 2012. However in terms of its market size, the country stood fourth after Panama, Costa Rica and Guatemala.

The Salvadoran insurance industry grew at a compound annual growth rate (CAGR) of 4.1% during the review period (2009-2013), and is expected to post a CAGR of 3.4% over the forecast period. The main growth drivers are expected to be the implementation of the new health insurance law which will bring down medicine prices, the efficient regulatory system and the recovery of the Salvadoran economy.


Key Highlights

  • The Salvadoran insurance industry comprised 21 insurance companies as of 2012.
  • The insurance penetration rate is comparatively lower in El Salvador compared to other Central American countries such as Honduras and Costa Rica.
  • The Salvadoran economy exports 40% of its goods and services to the US, indicating that the country is highly vulnerable to its economic conditions.
  • The insurance industry's regulatory system is considered to be one of the most regulated in the Central American Region.
  • To meet the growing and changing demand for insurance, companies are introducing a number of options to attract and gain a market share across all insurance categories.
  • The overall insurance industry is moderately concentrated, with the top five companies representing a share of 57.6% of the total insurance market in 2012, in terms of gross written premium.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Salvadoran Insurance Industry Overview

4 Industry Segmentation

5 Governance, Risk and Compliance

6 Competitive Landscape

7 Macroeconomic Indicators

8 Appendix

Companies Mentioned

  • Aseguradora Agrícola Comercial SA
  • Asesuisa Vida SA, Seguros De Personas
  • La Centro Americana SA
  • Aseguradora Suiza Salvadoreña SA
  • AIG Vida SA, Seguros De Personas

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


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