Research and Markets: The Insurance Industry in Gambia, Key Trends and Opportunities to 2018

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/gwstmq/the_insurance) has announced the addition of the "The Insurance Industry in Gambia, Key Trends and Opportunities to 2018" report to their offering.

Gambia is one of the poorest countries in the world, with a world ranking of 168 out of 187 according to the United Nations Development Programme's (UNDP) Human Development Report 2013. High poverty rates and lack of economic diversity make the country highly vulnerable to financial crises and food price volatility. However, stable economic development and the government's initiatives to improve the industry's awareness level supported its growth during the review period (2009-2013), which grew at a compound annual growth rate (CAGR) of 1.8%.

Key Highlights:

  • The Gambian insurance industry is dominated by the non-life segment, which accounted for the largest share of the gross written premium in 2013, with 61.6%
  • The life insurance segment's contribution to GDP stood at just 0.15%, while the non-life segment's was 0.37% and the personal accident and health insurance segment's was 0.08%
  • The Gambian insurance industry recorded a low combined ratio for the life, non-life and personal accident and health segments during the review period
  • The Gambian insurance industry is small but competitive, with the presence of both domestic and foreign businesses
  • There were 13 insurance companies and nine brokerage firms operating within the industry as of 2013
  • The Gambian insurance industry is regulated and supervised by the Central Bank of the Gambia (CBG)

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Gambian Insurance Industry Overview

5 Governance, Risk and Compliance

6 Competitive Landscape

7 Macroeconomic Indicators

8 Appendix

Companies Mentioned

  • Capital Express Assurance (G) Ltd
  • Enterprise Life Assurance Gambia Ltd
  • Gambian National Insurance Co. Ltd
  • Global Security Insurance Company Ltd
  • Sunshine Insurance Company
  • Takaful Gambia Ltd

For more information visit http://www.researchandmarkets.com/research/gwstmq/the_insurance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance