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Recent Study: The Insurance Industry in Papua New Guinea, Key Trends and Opportunities to 2017.

[UKPRwire, Mon Jun 03 2013] The Papua New Guinean insurance industry accounts for only a small fraction to the country's economy. However, strong economic growth driven by the gas and mining industries is creating opportunities for the industry to grow. The development of new products specifically for domestic businesses is expected to be one of the industry's key growth areas. Growth in the nation's construction markets, government initiatives towards increasing private spending, recovery of automobile sales and the occurrence of natural disasters supported the growth of the industry during the review period (2008-2012). Led by such factors, the industry grew at a CAGR of 12.3% during the review period.

Key Highlights

* The Papua New Guinean insurance industry accounts for only a small fraction to the country's economy. However, strong economic growth, driven by the gas and mining industries, will create opportunities for the industry to grow

* The development of new products specifically for domestic businesses is expected to be one of the industry's key growth areas

* The nation's expanding construction markets drove the insurance industry during the review period and are expected to continue to support its growth over the forecast period

* The poor public healthcare system is anticipated to drive health insurance

* The industry is regulated by two different agencies: the Insurance Commissioner and the Bank of Papua New Guinea

* Papua New Guinea is one of the poorest countries in the world. Nearly 60% of the total population is unemployed.

Full Report Details at

- http://www.fastmr.com/prod/606481_the_insurance_industry_in_papua_new_guinea_key.aspx?afid=303

Scope

This report provides a comprehensive analysis of the insurance industry in Papua New Guinea :

* It provides historical values for the Papua New Guinean 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 sub-segments in the Papua New Guinean 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 Papua New Guinea 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 Papua New Guinean insurance industry and each segment within it

* Understand the demand-side dynamics, key trends and growth opportunities within the Papua New Guinean insurance industry

* Assess the competitive dynamics in the Papua New Guinean insurance industry

* Identify the growth opportunities and market dynamics within key segments

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Publication:UKPRwire
Date:Jun 3, 2013
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