Just Released: "The Insurance Industry in Benin, Key Trends and Opportunities to 2017"

New Financial Services research report from Timetric is now available from Fast Market Research

by Bill Thompson

(WireNews+Co) - Boston, MA - 19 March 2013

Benin has a small insurance industry, indeed the nation's population is only 9 million strong. There were 12 insurers operating in the country in 2011 and as its economy is largely dependent on exports, these firms were indirectly affected by the global financial crisis. This led to a decline in the marine, aviation and transit insurance category. Insurance penetration as a percentage of GDP is low when compared to many developed countries. The Beninese insurance industry comprises both domestic and foreign insurance companies. The government's liberalization policy abolished the regulatory barrier, which encouraged companies such as Allianz to enter the market.

Key Highlights

- Benin has a small insurance industry, indeed the nation's population is only 9 million strong.
- There were 12 insurers operating in the country in 2011 and as its economy is largely dependent on exports, these firms were indirectly affected by the global financial crisis.
- This led to a decline in the marine, aviation and transit insurance category.
- Insurance penetration as a percentage of GDP is low when compared to many developed countries.
- The Beninese insurance industry comprises both domestic and foreign insurance companies.
- The government's liberalization policy abolished the regulatory barrier, which encouraged companies such as Allianz to enter the market.

View Full Report Details (http://www.fastmr.com/prod/541028_the_insurance_industry_in_benin_key_trends_and.aspx?afid=201) (http://www.fastmr.com/prod/541028_the_insurance_industry_in_benin_key_trends_and.aspx?afid=201)

Scope

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

- It provides historical values for the Beninese 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 the Beninese 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 Benin and outlines the key regulations affecting them

Reasons to Purchase

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

Companies Mentioned in this Report: Africaine Vi, The Insurance and Reinsurance Company of the Gulf of Guinea (ARGG), Allianz

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