The Surinamese insurance industry is led by the non-life insurance segment, which accounted for 45% of the gross insurance premium (GWP) in 2011. The motor insurance category accounted for the largest share of the segment. At the end of 2011, 13 companies were operating in the Surinamese insurance industry consisting of five life insurance, six non-life insurance and two funeral insurance companies.
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Latest Market Trend: Suriname Insurance Industry
1. The Insurance Industry in Suriname, Key Trends and Opportunities to 2017
Synopsis
The report provides in depth market analysis, information and insights into the insurance industry in
Suriname, including:
The Suriname insurance industrys growth prospects by insurance segments and categories The competitive
landscape in the Suriname insurance industry The current trends and drivers of the Suriname insurance
industry The challenges facing the Suriname insurance industry Regulatory framework of the Suriname
insurance industry
Summary
The Surinamese insurance industry is led by the non-life insurance segment, which accounted for 45% of the
gross insurance premium (GWP) in 2011. The motor insurance category accounted for the largest share of the
segment. At the end of 2011, 13 companies were operating in the Surinamese insurance industry consisting of
five life insurance, six non-life insurance and two funeral insurance companies. The Central Bank of Suriname
(CBvS) is the regulator of the countrys insurance industry. The Surinamese insurance industry remained
relatively unaffected by the global and European debt crisis. The Surinamese insurance industry is currently
facing challenges on account of stiff price competition and increasing value of paid claims.
Scope
This report provides a comprehensive analysis of the insurance industry in Suriname:
It provides historical values for the Suriname insurance industry for the reports 20082012 review period and
forecast figures for the 20122017 forecast period It offers a detailed analysis of the key segments and
categories in the Suriname insurance industry, along with industry 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 Suriname
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 Suriname
insurance industry and each segment within it Understand the demand-side dynamics, key market trends and
growth opportunities within the Suriname insurance industry Assess the competitive dynamics in the
Suriname insurance industry Identify the growth opportunities and market dynamics within key segments
Gain insights into key regulations governing the Suriname insurance industry and its impact on companies and
the industry's future
Key Highlights
The Surinamese insurance industry is led by the non-life insurance segment, which accounted for 45% of the
gross insurance premium (GWP) in 2011. The motor insurance category accounted for the largest share of the
segment. At the end of 2011, 13 companies were operating in the Surinamese insurance industry consisting of
five life insurance, six non-life insurance and two funeral insurance companies. A low insurance penetration
The Insurance Industry in Suriname, Key Trends and Opportunities to 2017
2. rate, rising life expectancy and increasing healthcare costs will drive the growth of the life and personal
accident and health insurance segments over the forecast period Growing product developments and increased
use of technology by companies will help to attract and raise awareness for insurance products.
table Of Content
1 Executive Summary
2 Introduction
2.1 What Is This Report About?
2.2 Definitions
2.3 Methodology
3 Surinamese Insurance Industry Overview
3.1 Surinamese Insurance Industry Market Size, 20082017
3.2 Key Industry Trends And Drivers
3.3 Challenges
3.4 Regulation
4 Industry Segmentation
4.1 Life Insurance Segment Growth Prospects
4.2 Non-life Insurance Growth Prospects By Category
4.2.1 Property Insurance Category
4.2.2 Motor Insurance Category
4.2.3 Liability Insurance Category
4.2.4 Marine, Aviation And Transit Insurance Category
4.3 Personal Accident And Health Insurance Growth Prospects
5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Assuria N.v. Company Overview
5.2.2 Fatum Schadeverzekering N.v. Company Overview
5.2.3 Self Reliance Insurance Company Company Overview
6 Macroeconomic Indicators
6.1 Gdp At Constant Prices (us Dollar)
The Insurance Industry in Suriname, Key Trends and Opportunities to 2017
3. 6.2 Gdp Per Capita At Constant Prices (us Dollar)
6.3 Gdp At Current Prices (us Dollar)
6.4 Construction Output
6.5 Inflation Rate
6.6 Age Dependency Ratio
6.7 Exports As A Percentage Of Gdp
6.8 Number Of Air Passengers
6.9 Healthcare Expenditure Per Capita
6.1 Healthcare Expenditure As A Percentage Of Gdp
6.11 Total Population
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer
About Us:
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The Insurance Industry in Suriname, Key Trends and Opportunities to 2017