DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rsmlpk/the_insurance) has announced the addition of the "The Insurance Industry in Bolivia, Key Trends and Opportunities to 2018" report to their offering.
The Bolivian economy is recovering slowly after the global economic crisis of 2008-2009, the eurozone crisis in 2011, and the sluggish tourism recovery in the US and Europe. Despite this, the economy recorded the highest growth rate in South America during the review period (2009-2013), at 3.4% in 2009, and the highest growth rate in Latin America during 2012-2013, at 6.8%. Bolivian GDP at constant prices increased from BOB31.3 billion (US$4.5 billion) in 2009 to BOB38.5 billion (US$5.6 billion) in 2013, at a review period compound annual growth rate (CAGR) of 5.3%.
Bolivia achieved political stability after President Evo Morales introduced reforms in 2006 involving the privatization of the oil and gas industry, major modifications to the country's constitution, strengthening the economy and the implementation of various social programs. Public debt was a primary government concerns and the political reforms reduced debt from 94% of GDP in 2003 to less than 40% in 2013.
The Bolivian insurance industry grew at a CAGR of 15.7%. Industry growth was supported by strong performance in the life and non-life segments, as well economic recovery following the global financial crisis in 2008-2009. The non-life segment's growth was mostly driven by the motor insurance and marine aviation and transit insurance categories, which grew at CAGRs of 17.0% and 16.3% respectively in 2013.
Key Topics Covered:
1 Executive Summary
3 Bolivian Insurance Industry Overview
4 Industry Segmentation
5 Governance, Risk and Compliance
6 Competitive Landscape
7 Macroeconomic Indicators
- Alianza Vida de Seguros y Reaseguros SA
- Crediseguro SA Seguros de Personas
- La Boliviana Ciacruz Seguros Personales SA
- La Vitalicia Seguros y Reaseguros de Vida SA
- Nacional Vida Seguros de Personas SA
- Seguros Provida SA
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