The Insurance Industry in Trinidad & Tobago, Key Trends and Opportunities to 2016
The report provides in depth industry analysis, information and insights into the insurance industry in Trinidad & Tobago, including: - The Trinidad & Tobago insurance industry’s growth prospects by insurance segments and sub-segments - The competitive landscape in the Trinidad & Tobago insurance industry - The current trends and drivers of the Trinidad & Tobago insurance industry - The challenges facing the Trinidad & Tobago insurance industry - The regulatory framework of the Trinidad & Tobago insurance industry
The Trinidad and Tobago insurance industry is one of the leading insurance industries in the Caribbean region, in terms of penetration of GDP. Both domestic and foreign insurance companies have a presence in the country’s industry. The liberalization policy of Trinidad and Tobago means that the country is open to foreign insurance companies. The rise in construction activities, growth in automobile sales and a technologically advanced healthcare service supported the growth of the Trinidad and Tobago insurance industry over the review period. Annuity and unit-linked insurance products accounted for a major share of the Trinidad and Tobago life insurance segment and also played a major role in driving growth in the segment during the review period. The Trinidad and Tobago population is more inclined towards life insurance products which provide wealth management services. The growth of the country’s non-life insurance segment was primarily supported by growth in property and motor insurance, the two largest categories in the segment.
This report provides a comprehensive analysis of the insurance industry in Trinidad &...