Gibraltar Insurance Marketplace Reviewed in In-demand Timetric Report Now Available at MarketPublishers.com03 Feb 2016 • by Natalie Aster
LONDON – In terms of the value of gross written premiums (GWP), Gibraltar’s insurance industry gained momentum on the back of high-level economic growth, recording a CAGR of just over 22.5% during 2009–2013. The key reason for this is Europe’s single market for insurance. Segment-wise, personal accident and health insurance demonstrated a CAGR of 22.3% over the review period. The domestic overall insurance industry is poised to grow at CAGR of just over 13% through to 2018, fuelled by the rise of the non-life insurance segment, which posted a CAGR of 27.6%. The growth in the segment was stimulated by a hike in the number of licensed vehicles per 100 people from 80.1 as of 2012 to 85.2 as of 2013 (estimated). This growth was further underpinned by the healthy growth of the UK automotive sector, which increased by nearly 11% in 2013 YoY. The industry is characterised by intense competition, with 55 insurers presently serving a population of 32,734.
In-demand market research study “The Insurance Industry in Gibraltar, Key Trends and Opportunities to 2018” drawn up by Timetric includes a comprehensive analysis of the Gibraltarian insurance industry. It presents historical values for the national insurance industry, besides giving forecast figures. The report offers a detailed analysis of the key insurance segments and categories in the industry, speculating on their growth prospects in the years to come. The study identifies and examines the dominant market players and gives a complete understanding of the competitive landscape. It also limelights the current market trends and drivers, the challenges facing the industry, and the key regulations.
The Insurance Industry in Gibraltar, Key Trends and Opportunities to 2018
Published: January, 2015
Price: US$ 1,450.00
- deep insights into the domestic insurance marketplace;
- details about the country’s economic and demographic situation;
- assessment of major market trends, drivers and challenges;
- evaluation of the competitive environment and leading players;
- review of the regulatory landscape;
- trustworthy historical data and forecast data pertaining to the industry;
- and more.
More studies by this publisher are available at Timetric page.