The Insurance Industry in the Central African Republic, Key Trends and
Opportunities to 2018: Order
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Synopsis
The
report provides in-depth industry analysis, information and insights of the
insurance industry in Central African Republic, including:
§ The
Central African Republic insurance industry's growth prospects by insurance
segments and categories
§ The
competitive landscape in the Central African Republic insurance industry
§ The
current trends and drivers of the Central African Republic insurance industry
§ Challenges
facing the Central African Republic insurance industry
§ The
detailed regulatory framework of the Central African Republic insurance
industry
Summary
The
Central African Republic insurance industry grew at a compound annual growth
rate (CAGR) of 10.8% during the review period (2009-2013). The increase was
partly a consequence of stable economic development, the nation's expanding
mining industry, and various infrastructure projects centering around the
laying of fiber-optic cables, the modernizing transport routes and improving
energy capacity. Growth in the life insurance segment, which recorded a
review-period CAGR of 18.6%, also supported the growth of the Central African
Republic insurance industry during the review period. However, the industry is
relatively small on a global scale. Insurance penetration in Africa was low, at
1.6% in 2012. For the Central African Republic, however, the figure stood at
0.37% in 2012 and 0.44% in 2013, compared to the global average of 7.0% in
2012. Around 90% of the African population remains uninsured, which provides
immense growth potential and foreign investment opportunities. This, combined
with stable economic development of the Central African Republic region, is
projected to support the development of the industry over the forecast period
(2013-2018).
Scope
This
report provides a comprehensive analysis of the insurance industry in Central
African Republic:
§ It
provides historical values for the Central African Republic 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 Central
African Republic 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 Central African Republic, 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 Central African Republic insurance industry and each segment
within it.
§ Understand
the demand-side dynamics, key trends and growth opportunities within the
Central African Republic insurance industry.
§ Assess
the competitive dynamics in the Central African Republic insurance industry.
§ Identify
the growth opportunities and market dynamics within key segments.
§ Gain
insights into key regulations governing the Central African Republic insurance
industry and its impact on companies and the industry's future.
Key Highlights
§ The
Central African Republic insurance industry grew at a compound annual growth
rate (CAGR) of 10.8% during the review period.
§ The
country's low insurance penetration is expected to encourage new insurers to
invest in the Central African Republic.
§ The
Central African Republic's insurance industry is highly underdeveloped, and is
dominated by non-life providers.
§ Non-life
insurance accounted for 87.6% of the industry's total written premium in 2013,
and is expected to lead the industry over the forecast period.
§ Distribution
is primarily carried out through general agents, brokers and self-employed
agents.
§ Levels
of competition were low during the review period, with only two insurance
providers.
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Central African Republic Insurance Industry Overview
3.1 Central African Republic Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.1 Central African Republic Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
4 Industry Segmentation
4.1 Life Insurance
4.2 Non-Life Insurance
4.2.1 Property insurance
4.1 Life Insurance
4.2 Non-Life Insurance
4.2.1 Property insurance
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