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The Insurance Industry in El Salvador, Key Trends and Opportunities to 2018
Category : Banking & Finance
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Introduction to Report
Launch Date: August 26, 2014
Number of Pages: 142
Geography Coverage: El Salvador
Available Format: PDF
Price For Single User License: USD 1,950
Price For Site User License: USD 3,900
Price For Global User License: USD 5,850
Delivery Time: Within 24 Hours (During Working Days)
About the Report
El Salvador is one of the most competitive insurance
industries in the Central American Region, with 21
insurance companies operating as of 2012. However in
terms of its market size, the country stood fourth after
Panama, Costa Rica and Guatemala.
The Salvadoran insurance industry grew at a compound
annual growth rate (CAGR) of 4.1% during the review
period (2009−2013), and is expected to post a CAGR of
3.4% over the forecast period.
he main growth drivers are expected to be the
implementation of the new health insurance law which
will bring down medicine prices, the efficient regulatory
system and the recovery of the Salvadoran economy.
El Salvador has one of the most regulated insurance
industries in the Central American Region.
In 2013, the Salvadoran government enacted several
favorable legislations, such as the approval of new
regulations for medication, which are expected to support
the growth of health insurance category over the forecast
Key Highlights Continues…
The Salvadoran insurance industry comprised 21
insurance companies as of 2012.
The insurance penetration rate is comparatively lower in
El Salvador compared to other Central American countries
such as Honduras and Costa Rica.
The Salvadoran economy exports 40% of its goods and
services to the US, indicating that the country is highly
vulnerable to its economic conditions.
The insurance industry’s regulatory system is considered
to be one of the most regulated in the Central American
Key Highlights Continues…
To meet the growing and changing demand for
insurance, companies are introducing a number of
options to attract and gain a market share across all
The overall insurance industry is moderately
concentrated, with the top five companies representing a
share of 57.6% of the total insurance market in 2012, in
terms of gross written premium.
It provides historical values for the Salvadoran 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 Salvadoran 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 El Salvador,
and outlines the key regulations affecting them.
1. Executive Summary
3. Salvadoran Insurance Industry Overview
4. Industry Segmentation
5. Governance, Risk and Compliance
6. Competitive Landscape
7. Macroeconomic Indicators
1. Aseguradora Agrícola Comercial SA
2. Asesuisa Vida SA, Seguros De Personas
3. La Centro Americana SA
4. Aseguradora Suiza Salvadoreña SA
5. AIG Vida SA, Seguros De Personas
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