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New Market Study Published: The Insurance Industry in Bangladesh, Key Trends and Opportunities to 2017

Fast Market Research recommends "The Insurance Industry in Bangladesh, Key Trends and Opportunities to 2017" from Timetric, now available

 

Boston, MA -- (ReleaseWire) -- 02/06/2014 -- The Bangladeshi insurance industry is highly competitive. Key factors affecting the performance of the industry during the review period included fierce competition in the non-life segment, the rising market shares of private insurance companies, and the increasing level of risk being retained by insurers. The Bangladeshi insurance industry increased at a CAGR of 16.0% during the review period (2008-2012), supported primarily by the life insurance segment.

Key Highlights

- The life insurance segment recorded a significant review-period CAGR of 16.4%, driven by the country's large population, robust economic growth, increased promotional efforts by private insurance companies, rising disposable income levels and increased awareness of the need for insurance.
- The insurance industry in Bangladesh registered low combined and loss ratios in all three insurance segments - life, non-life and personal accident and health - during the review period.
- Its large population will continue to be a key growth driver for the insurance industry, especially in the life segment, over the forecast period.
- Life insurance led the Bangladeshi insurance industry during the review period, accounting for a 76.9% share of gross written premiums in 2012.
- The Bangladeshi insurance industry is fragmented and led by state-owned companies.
- In 2012, 18 insurers operated in the life segment and 44 were present in the non-life segment.

View Full Report Details and Table of Contents

Scope

This report provides a comprehensive analysis of the insurance industry in Bangladesh:

- It provides historical values for the Bangladeshi insurance industry for the report's 2008-2012 review period, and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key segments and categories in Bangladeshi insurance industry, along with 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 Bangladesh, and outlines the key regulations affecting them

Reasons to Get This Report

- Make strategic business decisions using in-depth historic and forecast industry data related to the Bangladeshi insurance industry and each segment within it
- Understand the demand-side dynamics, key trends and growth opportunities within the Bangladeshi insurance industry
- Assess the competitive dynamics in the the Bangladeshi insurance industry
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Bangladeshi insurance industry and its impact on companies and the industry's future

Companies Mentioned in this Report: Jiban Bima Corporation, Sadharan Bima Corporation, Green Delta Insurance Company Ltd, National Life Insurance Co. Ltd, Delta Life Insurance Company Ltd,

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