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Guyana Insurance Industry - Key Trends and Opportunities to 2026

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    Report

  • 47 Pages
  • July 2022
  • Region: Guyana
  • GlobalData
  • ID: 5665621
The publisher's 'Guyana Insurance Industry - Key Trends and Opportunities to 2026' report provides in-depth market analysis, information, and insights into the Guyanese insurance industry.

The report provides a detailed outlook by product category for the Guyanese insurance industry.

It provides values for key performance indicators such as gross written premium, penetration, premium ceded, profitability ratios, and premium by line of business, during the review period (2017-21) and forecast period (2021-26).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Guyanese economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together the publisher's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Key Highlights

  • Key insights and dynamics of the Guyanese insurance industry.
  • A comprehensive overview of the Guyanese economy, government initiatives and investment opportunities.
  • The Guyanese insurance regulatory framework's evolution, key facts, taxation regime, licensing and capital requirements.
  • The Guyanese insurance industry's market structure giving details of lines of business.
  • Guyana's reinsurance business's market structure giving details of premium ceded along with cession rates.
  • Details of the competitive landscape and competitors' profiles.

Scope

This report provides a comprehensive analysis of the Guyanese insurance industry -
  • It provides historical values for the Guyanese insurance industry for the report's 2017-21 review period, and projected figures for the 2021-26 forecast period.
  • It offers a detailed analysis of the key categories in the Guyanese insurance industry, and market forecasts to 2026.
  • It profiles the top life insurance companies in Guyana and outlines the key regulations affecting them.

Reasons to Buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Guyanese insurance industry, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Guyanese insurance industry.
  • Assess the competitive dynamics in the Guyanese insurance industry.
  • Identify growth opportunities and market dynamics in key product categories.

Table of Contents

  • Executive Summary
  • Economy Overview Regulatory and Compliance
  • Key Market Trends
  • Life Insurance Overview
  • Penetration and Growth
  • Premiums and Trends General Insurance Overview
  • Penetration and Growth
  • Premiums and Profitability
  • Lines of Business Breakdown
  • Competitive Landscape Competitors Profile Reinsurance Overview
  • Reinsurance Ceded Premiums
  • Reinsurance Regulatory and Compliance
  • Appendix

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • The Guyana and Trinidad Mutual Life Insurance Company Limited
  • Demerara Mutual Life Assurance Society Limited
  • Hand-in-Hand Mutual Life Assurance Company Limited
  • North American Life Insurance Company Limited Assuria Life (GY) Inc.
  • Caricom General Insurance Company Inc.
  • G.C.I.S. Incorporated
  • Massy United Insurance Ltd
  • Al - Aqeelah Takaful Insurance Company
  • Syrian International Insurance Company - Arup Syrian Islamic Company