Identifying Sources Emerging Markets Growth Insurance Industry 2015 Trends, Size, Forecasts

Synopsis

Market Research Store ‘Insight Report: Emerging Markets – Identifying Sources of Growth in Insurance Industry’ identifies five key high-growth emerging insurance markets: Mexico, Indonesia, Kenya, Turkey and Vietnam. Insurance markets in this group recorded higher growth than those in the Brazil, Russia, India and China (BRIC) during the review period. Low insurance penetration, high economic growth and rising disposable income present significant opportunities to both domestic and foreign entrants in each of these markets. The strong performance of emerging markets coupled with limited growth opportunities in mature markets attracted global insurers’ interest in these emerging markets.

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Entering the insurance industry when it is still in its development stage can also provide early-mover advantage, particularly as local insurers may lack the required capital base or expertise. Insurers from mature markets also have advantages in terms of technology, and tend to have superior knowledge of actuarial science for innovation in product development. Their presence can help increase insurance coverage in emerging markets.

Summary

Market Research Store ‘Insight Report: Emerging Markets – Identifying Sources of Growth in Insurance Industry’ provides insights into emerging insurance markets. It includes:

• Top-level market analysis, information and insights into emerging insurance markets.

• Insights into recent developments across product categories and distribution channels.

• An overview of the competitive landscape in the key emerging markets covered.

• The size of the insurance industry and the life, non-life and personal accident and health segments for each market.

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