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

The Bolivian economy is recovering slowly after the global economic crisis of 2008–2009, the eurozone crisis in 2011, and the sluggish tourism recovery in the US and Europe. Despite this, the economy recorded the highest growth rate in South America during the review period (2009–2013), at 3.4% in 2009, and the highest growth rate in Latin America during 2012–2013, at 6.8%. Bolivian GDP at constant prices increased from BOB31.3 billion (US$4.5 billion) in 2009 to BOB38.5 billion (US$5.6 billion) in 2013, at a review period compound annual growth rate (CAGR) of 5.3%.

Bolivia achieved political stability after President Evo Morales introduced reforms in 2006 involving the privatization of the oil and gas industry, major modifications to the country’s constitution, strengthening the economy and the implementation of various social programs. Public debt was a primary government concerns and the political reforms reduced debt from 94% of GDP in 2003 to less than 40% in 2013.

The Bolivian insurance industry grew at a CAGR of 15.7%. Industry growth was supported by strong performance in the life and non-life segments, as well economic recovery following the global financial crisis in 2008–2009. The non-life segment’s growth was mostly driven by the motor insurance and marine aviation and transit insurance categories, which grew at CAGRs of 17.0% and 16.3% respectively in 2013.

The report provides in-depth industry analysis, information and insights of the insurance industry in Bolivia, including:

• The Bolivian insurance industry’s growth prospects by insurance segments and categories
• The competitive landscape in the Bolivian insurance industry
• The current trends and drivers of the Bolivian insurance industry
• Challenges facing the Bolivian insurance industry
• Detailed regulatory framework of the Bolivian insurance industry

Scope

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

• It provides historical values for the Bolivian 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 Bolivian 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 Bolivia, 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 Bolivian insurance industry and each segment within it.
• Understand the demand-side dynamics, key trends and growth opportunities within the Bolivian insurance industry.
• Assess the competitive dynamics in the Bolivian insurance industry.
• Identify the growth opportunities and market dynamics within key segments.
• Gain insights into key regulations governing the Bolivian insurance industry and its impact on companies and the industry's future.

Key Highlights

• The Bolivian insurance industry posted a review-period CAGR of 15.7%.
• The Bolivian insurance industry is dominated by the non-life segment. In 2013, the non-life segment’s gross written premium constituted 63.9% of the industry total.
• Health was one of the fastest-growing insurance categories in 2013. It accounted for 79.3% of the total personal accident and health segment’s gross written premium, growing at a review-period CAGR of 12.3%
• Although the Bolivian insurance industry is competitive, underwriting performance is weakening as the combined ratio was over 100% for all three segments in 2013.

Spanning over 168 pages, “The Insurance Industry in Bolivia, Key Trends and Opportunities to 2018” report covering the Executive Summary, Introduction, Industry Segmentation, Governance, Risk and Compliance, Competitive Landscape, Macroeconomic Indicators, Appendix. The report covered companies are - Nacional Vida Seguros de Personas SA, Alianza Vida de Seguros y Reaseguros SA, La Vitalicia Seguros y Reaseguros de Vida SA, La Boliviana Ciacruz Seguros Personales SA, Crediseguro SA Seguros de Personas, Seguros Provida SA

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

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