The Insurance Industry in Puerto Rico, Key Trends and Opportunities to 2018, New Report Launched

The Puerto Rican insurance industry grew over the review period (2009−2013), at a compound annual growth rate (CAGR) of 2.6%. The written premium fell in 2013, primarily due to strong price competition, which led to a decrease in the income of companies. The life segment led review-period industry growth, as it registered a CAGR of 5.1%, followed by the personal accident and health segment with a CAGR of 2.9% and the non-life segment with a CAGR of 0.4%. The main driver of the sustained growth in the life segment was growth in the annuities category during 2009–2013.

The report provides in-depth industry analysis, information and insights into the insurance industry in Puerto Rico, including:

• The Puerto Rican insurance industry’s growth prospects by insurance segment and category
• The competitive landscape in the Puerto Rican insurance industry
• The current trends and drivers of the Puerto Rican insurance industry
• Challenges facing the Puerto Rican insurance industry
• Detailed regulatory framework of the Puerto Rican insurance industry

Scope

This report provides a comprehensive analysis of the insurance industry in Puerto Rico:

• It provides historical values for the Puerto Rican insurance industry for the report’s 2009–2013 review period and projected figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key segments and categories in the Puerto 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 Puerto Rico, 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 Puerto Rican insurance industry and each segment within it.
• Understand the demand-side dynamics, key trends and growth opportunities within the Puerto Rican insurance industry.
• Assess the competitive dynamics in the Puerto Rican insurance industry.
• Identify the growth opportunities and market dynamics within key segments.
• Gain insights into key regulations governing the Puerto Rican insurance industry and its impact on companies and the industry's future.

Key Highlights

• The Puerto Rican insurance industry grew over the review period (2009−2013), at a compound annual growth rate (CAGR) of 2.6%.
• Puerto Rico’s GDP declined continually during 2009–2011, and grew moderately in 2012 and 2013, recording a CAGR of 0.18% during the review period.
• The Puerto Rican Insurance industry is moderately concentrated with the four leading providers accounting for 56.7% of the industry, in terms of total written premiums.
• The Puerto Rican life insurance segment accounted for 9.5% of the total written premium of the industry in 2013. This indicates that the demand for life insurance products is lower in comparison to non-life and personal accident and health products.
• Increasing unemployment, shrinking population and government inefficiency continues to be challenges to economic development.

Spanning over 135 pages, 80 Tables and 81 figures “The Insurance Industry in Puerto Rico, Key Trends and Opportunities to 2018” report covering Executive Summary, Introduction, Puerto Rican Insurance Industry Overview, Industry Segmentation, Governance, Risk and Compliance, Competitive Landscape, Macroeconomic Indicators, Appendix. This report Covered 4 Companies - Triple-S, MMM Healthcare, Medical Card System Inc., Humana.

Know more about this report at – http://mrr.cm/ZLw

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