Indian Personal Accident and Health Insurance Market: Size, Global Trends, Industry, Drivers, Opportunities and Forecast to 2018

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Main Title
Market Research Report 
The Insurance Industry in Maldives, Key Trends
and Opportunities to 2018
reportscue
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Synopsis The report provides in-depth industry
analysis, information and insights into the
insurance industry in Maldives, including The
Maldivian insurance industrys growth prospects
by insurance segment and category   The
competitive landscape in the Maldivian insurance
industry The current trends and drivers in the
Maldivian insurance industry Challenges facing
the Maldivian insurance industry The detailed
regulatory framework of the Maldivian insurance
industry
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Report OverviewMaldives has a small insurance
industry, serving a population of 393,988 in
2013. In the early 1980s, the country was among
the worlds 20 poorest countries. However, as a
result of rapid growth in tourism and fishing,
the country grew into a middle-income economy
with an annual per capita income of MVR118,439.0
(US7,711.0) in 2013. The Maldivian economy is
driven by tourism and fishing industries. The
global financial and EU sovereign debt crises had
little impact on the countrys tourism industry
and overall economy. Maldivian GDP grew at a
compound annual growth rate (CAGR) of 4.6 during
the review period (2009-2013). The economy is
expected to remain positive and register strong
growth over the forecast period (2014-2018),
supported by growth in tourism and improvement in
the global economy. According to the World Bank,
Maldivian GDP is expected to grow at a CAGR 4.6
over the forecast period.
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Scope This report provides a comprehensive
analysis of the insurance industry in
Maldives It provides historical values for
the Maldivian insurance industry for the reports
2009-2013 review period, and projected figures
for the 2013-2018 forecast period. It offers a
detailed analysis of the key segments and
categories in the Maldivian 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 Maldives, and
outlines the key regulations affecting them.
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Key Highlights Maldives has a small
insurance industry, serving a population of
393,988 in 2013. The Maldivian insurance
industry grew at a review-period CAGR of 15.0.
The growth was partially due to the stable
economic growth and the strong performance of the
personal accident and health segment, which grew
at a CAGR of 16.7, followed by life with 15.9
and non-life with 14.3 during the review
period. The introduction of Husnuvaa Aasandha
in January 2012 supported the health segments
growth during the review period, and aimed to
provide comprehensive medical cover to Maldivian
citizens. Health insurance accounted for 50.7 of
the total personal accident and health segment in
2013 and grew at a review-period CAGR of
18.2. The Maldivian government introduced a
motor third-party liability insurance law in
April 2012, requiring all motor vehicles to be
insured. This is expected to generate higher
business for motor insurance in Maldives, and the
motor insurance category is expected to record a
forecast-period CAGR of 12.9 and support overall
industry growth.  
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Table of Contents1 Executive Summary 2
Introduction3 Maldivian Insurance Industry
Overview4 Industry Segmentation5 Governance,
Risk and Compliance 6 Competitive Landscape 7
Economic Indicators8 Appendix
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Reason To Buy Make strategic business
decisions using in-depth historic and forecast
industry data related to the Maldivian insurance
industry and each segment within it.
Understand the demand-side dynamics, key trends
and growth opportunities within the Maldivian
insurance industry. Assess the competitive
dynamics in the Maldivian insurance industry.
Identify the growth opportunities and market
dynamics within key segments. Gain insights
into key regulations governing the Maldivian
insurance industry and its impact on companies
and the industry's future. To Get Details
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