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Life Insurance in Ecuador, Key Trends and Opportunities to 2021

  • May 2017
  • 91 pages
  • Timetric
Report ID: 2837024

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Synopsis
Timetric’s ’Life Insurance in Ecuador, Key Trends and Opportunities to 2021’ report provides a detailed outlook by product category for the Ecuadorian life insurance segment, and a comparison of the Ecuadorian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2012–2016) and forecast period (2016–2021).

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

The report brings together Timetric’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.

Summary
Timetric’s ’Life Insurance in Ecuador, Key Trends and Opportunities to 2021’ report provides in-depth market analysis, information and insights into the Ecuadorian life insurance segment, including:
- An overview of the Ecuadorian life insurance segment
- The Ecuadorian life insurance segment’s growth prospects by category
- A comprehensive overview of the Ecuadorian economy and demographics
- A comparison of the Ecuadorian life insurance segment with its regional counterparts
- The various distribution channels in the Ecuadorian life insurance segment
- Details of the competitive landscape in the life insurance segment in Ecuador
- Details of regulatory policy applicable to the Ecuadorian insurance industry

Scope
This report provides a comprehensive analysis of the life insurance segment in Ecuador:
- It provides historical values for the Ecuadorian life insurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
- It offers a detailed analysis of the key categories in the Ecuadorian life insurance segment, and market forecasts to 2021.
- It provides a comparison of the Ecuadorian life insurance segment with its regional counterparts
- It analyzes the various distribution channels for life insurance products in Ecuador.
- It profiles the top life insurance companies in Ecuador 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 Ecuadorian life insurance segment, and each category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Ecuadorian life insurance segment.
- Assess the competitive dynamics in the life insurance segment.
- Identify growth opportunities and market dynamics in key product categories.
- Gain insights into key regulations governing the Ecuadorian insurance industry, and their impact on companies and the industry’s future.

Key Highlights
- The Ecuadorian life segment is concentrated, with the 10 leading companies accounting for 88.6% of the segment’s direct written premium in 2016.
- Microinsurance was one of the fastest growing industries in Ecuador, and had the second highest coverage ratio in Latin America during the review period.
- The segment’s penetration rate stood at 0.35% in 2016.
- MFIs have been the most important channel for the distribution of microinsurance in the country.

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