Nascent Insurance Markets and Opportunities for Foreign Insurers


Published on

Market Research Reports, Inc. has announced the addition of “Insight Report: Nascent Insurance Markets and Opportunities for Foreign Insurers” research report to their offering. See more at-

Published in: Business, Economy & Finance
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Nascent Insurance Markets and Opportunities for Foreign Insurers

  1. 1. Category : Banking & Finance All logos and Images mentioned on this slide belong to their respective owners.
  2. 2. Introduction to Report  Launch Date: June 24, 2014  Number of Pages: 52  Geography Coverage: Global  Available Format: PDF Price For Single User License: USD 3,800 Price For Site License: USD 7,600 Price For Global User License: USD 11,400 Delivery Time: Within 24 Hours (During Working Days)
  3. 3. About the Report Insurance markets in developed countries are mature, with limited scope for growth. Insurers operating in these markets are therefore looking to new regions to expand and diversify. A nascent insurance market is one that is small and newly developing, and those that have been opened for foreign investment offer significant opportunities to foreign insurers.
  4. 4. Scope: This report covers growth opportunities in three nascent insurance markets: Cambodia, Cuba and Myanmar. The private insurance industries in Cambodia, Cuba and Myanmar are new, and offer significant opportunities for foreign insurance companies. The report analyzes key factors driving growth in the insurance industries in Cambodia, Cuba and Myanmar, and various risks associated with these economies. The report also analyzes key socio-economic factors, and the regulatory environments of these economies.
  5. 5. Reasons to Buy: Gain insights into the nascent insurance markets of Cambodia, Cuba and Myanmar, which are untapped and offer a huge growth potential Assess the growth potential of these markets, and the opportunities for foreign insurance companies Understand various factors driving growth in the insurance industry, and different challenges posed by these markets identify various approaches to enter these markets, and capitalise on the available opportunities
  6. 6. Key Highlights: The Myanmar insurance industry was opened to private operators in late 2012. In an effort to establish a private insurance market in the country, in September 2012 the IBSB granted conditional approval to 12 of 20 applicants intending to carry on insurance business in the country. According to Reuters’ estimates, based on economic data and benchmarking with neighboring countries, Myanmar has the potential to generate MMK1.3 trillion (US$1.6 billion) of insurance premium revenue every year. The Asia Insurance Review projects that the Myanmar insurance industry is expected to generate MMK2.4 trillion (US$2.8 billion) of insurance premium in 2030.
  7. 7. Key Highlights: Continues.. A private insurance market is yet to be established in Cuba and it is difficult to estimate its size. The state-owned Esicuba SA generated a total gross written premium of CUP99.8 million (US$4.2 million) in the financial year ending December 2011, with annual growth of 29.3% over the CUP77.2 million (US$3.2 million) gross written premium generated in 2010. The non-life insurance segment was formally established in Cambodia in 2003 with the entry of private insurers. It grew rapidly during its initial phase of development and generated premiums of US$35.6 million in 2012. The Cambodian insurance industry has substantial potential for growth and is expected to continue to grow over the next decade to become a US$200.0 million industry by 2023.
  8. 8. Report Coverage 1. Executive Summary 2. Nascent Insurance Markets – Overview 3. The Myanmar Insurance Industry 4. The Cuban Insurance Industry 5. The Cambodian Insurance Industry 6. Appendix For more details regarding Report coverage see the last slide All logos and Images mentioned on this slide belong to their respective owners.
  9. 9. Company Coverage: Partial List 1. Myanma Insurance 2. Aung Thitsar Oo Insurance Co. Ltd 3. Ayeyar Myanmar Insurance Co. Ltd 4. Aung Myint Moe Min Insurance Co. Ltd 5. Capital Life Insurance Ltd 6. Citizen Business Insurance Public Ltd 7. Excellent Fortune Insurance Company Ltd 8. First National Insurance Co. Ltd 9. Global World Insurance Co. Ltd 10. Grand Guardian Insurance Public Company 11. IKBZ Insurance Public Co. Ltd 12. Pillar of Truth Insurance Co. Ltd For more details regarding Report coverage see the last slide All logos and Images mentioned on this slide belong to their respective owners.
  10. 10. Custom Research:  Are you an industry professional, entrepreneur, venture capitalist, investors and organization, then let us know your specific research requirements. Our goal is to cater to your requirements be it for a custom market research project, syndicated research report on a specific market or industry sector, newsletter creation, case study development or anything else related to marketing research. For Any Customization Related query Visit IdeaCenter @
  11. 11. How To Buy This Report? Visit following URL to see Table of Content and purchase this publication: About Market Research Reports, Inc. Market Research Reports provides a customized set of reports from reputed Publishers, built on the intelligence available within organizations and leverages on our motto of “Intelligence Redefined”. Contact : Amitava Sen Email : Phone: +1 302-703-7787 (USA) +91-8762746600 (India)