Aarkstore - The Insurance Industry in Guatemala

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The Insurance Industry in Guatemala, Key Trends
and Opportunities to 2018
Category Insurance

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Summary
The report provides in-depth industry analysis,
information and insights into the insurance
industry in Guatemala, including The
Guatemalan insurance industrys growth prospects
by insurance segment and category The
competitive landscape in the Guatemalan insurance
industry The current trends and drivers in the
Guatemalan insurance industry Challenges
facing the Guatemalan insurance industry The
detailed regulatory framework of the Guatemalan
insurance industry
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Synopsis
Guatemala is the most populous country in Central
America, and its economy is mainly driven by the
agricultural sector, which contributed 13.5 of
GDP and employed 38 of the total labor force in
2013. The 1996 peace accords, which concluded 36
years of civil war, brought in economic stability
and opened doors for foreign investors. The
economy recovered in subsequent years, however,
and GDP at constant prices grew at a compound
annual growth rate (CAGR) of 3.4 during the
review period (20092013). The Guatemalan
insurance industry grew at a review-period CAGR
of 10.0. The emergence of micro insurance and
the entry of foreign insurers, following the
implementation of the Insurance Activity Law in
2010, supported the growth of the life segment.
In terms of percentage share, non-life accounted
for 56.7 of the total industry in 2013. The
segment was led by property insurance with a
49.3 share, and motor with 38.6, with the
remaining 12.0 contributed by liability and
marine, aviation and transit insurance.
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Reasons To Buy
Make strategic business decisions using
in-depth historic and forecast industry data
related to the Guatemalan insurance industry and
each segment within it. Understand the
demand-side dynamics, key trends and growth
opportunities in the Guatemalan insurance
industry. Assess the competitive dynamics in
the Guatemalan insurance industry. Identify
the growth opportunities and market dynamics in
key segments. Gain insights into key
regulations governing the Guatemalan insurance
industry, and their impact on companies and the
industrys future.
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Key Highlights
Guatemala is the most populous country in
Central America The Guatemalan insurance
industry is projected to grow at a
forecast-period (20132018) CAGR of 9.5
Growth in the real-estate market and the
countrys exposure to catastrophic risk supported
the non-life segments growth during the review
period, resulting in an increase in written
premium at a CAGR of 9.1 Insurance
penetration in Guatemala is low compared to other
Central American countries According to 2013
World Bank Statistics, Guatemala is the poorest
country in Central America, with over 40 of the
population living on an income of GTQ11.9
(US1.5) per day in 2012 Guatemala has one of
the highest crime rates in Central America, and
has been rated critical by the US Department of
State As of 2013, the Guatemalan insurance
industry was served by 27 insurers
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Table Of Content
 1 Executive Summary  2 Introduction  2.1 What is
this Report About?  2.2 Definitions  2.3
Methodology  3 Guatemalan Insurance Industry
Overview  3.1 Guatemalan 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  4.2.2 Motor insurance  4.2.3 Liability
insurance  4.2.4 Marine, aviation and transit
insurance  4.3 Personal Accident and Health
Insurance  4.3.1 Personal accident
insurance 4.3.2 Health insurance  4.3.3 Travel
insurance  
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The Insurance Industry in Guatemala, Key
Trends and Opportunities to 2018 Published Jan
2015  170 Pages Guatemala is the most populous
country in Central America, and its economy is
mainly driven by the agricultural sector, which
contributed 13.5 of GDP and employed 38 of the
total labor force in 2013. The 1996 peace
accords, which concluded 36 years of civil war,
brought in economic stability and opened doors
for foreign investors.   
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Contact Us
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