Latest Study : Insurance Industry in Haiti, Key Trends and Opportunities to 2017

MarketResearchReports.Biz announces addition of new report “Insurance Industry in Haiti, Key Trends and Opportunities to 2017” to its database

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

• The Haitian insurance industry’s growth prospects by insurance segments and sub-segments
• The current trends and drivers of the Haitian insurance industry
• The challenges facing the Haitian insurance industry
• The regulatory framework of the Haitian insurance industry

Executive summary

Haiti is one of the poorest countries in the Latin American and Caribbean region. The insurance industry is small and serves 0.3% of the population. The combination of geographical isolation, a scarcity of natural resources and a lack of infrastructure and industry expertise are hindering its growth. However, significant progress has been made by four organizations: Swiss Re, Caribbean Risk Managers Limited, Guy Carpenter Micro Risk Solutions and Fonkoze who formed a partnership to design innovative microinsurance programs. 

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Such schemes are expected to provide both short and medium-term economic assistance and support industry growth. Haiti is vulnerable to natural disasters and recorded a severe earthquake in 2010 which had economic implications in that it decelerated growth. GDP at current prices grew at a CAGR of 7.0% during the review period (2008−2012) while the insurance industry posted a CAGR of 5.3%.

Scope

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

• It provides historical values for the Haitian insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
• It offers a detailed analysis of the key segments and sub-segments in the Haitian insurance industry, along with forecasts until 2017
• 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 Haiti and outlines the key regulations affecting them

Key highlights

• Non-life insurance was the largest segment in the industry
• Haiti is one of the poorest countries in the Latin American and Caribbean region
• The insurance industry is small and serves 0.3% of the population
• Haiti is vulnerable to natural disasters and recorded a severe earthquake in 2010 which had economic implications in that it decelerated growth
• Haiti’s insurance penetration rate was low when compared with neighboring countries such as the Dominican Republic
• Limited public awareness regarding the benefits of insurance products, coupled with a lack of experienced manpower, are considered the main drawbacks for the development of the industry

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Reasons to buy

• Make strategic business decisions using in depth historic and forecast industry data related to the Haitian insurance industry and each segment within it
• Understand the demand-side dynamics, key trends and growth opportunities within the Haitian insurance industry
• Assess the competitive dynamics in the Haitian insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Haitian insurance industry and its impact on companies and the industry's future

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