|[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.
The Salvadoran insurance industry comprised 21 insurance companies as
The insurance penetration rate is comparatively lower in El Salvador
compared to other Central American countries such as Honduras and
The Salvadoran economy exports 40% of its goods and services to the
US, indicating that the country is highly vulnerable to its economic
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
3 Salvadoran Insurance Industry Overview
4 Industry Segmentation
5 Governance, Risk and Compliance
6 Competitive Landscape
7 Macroeconomic Indicators
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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