RNCOS

Sri Lankan Insurance Industry Analysis

Press Release   •   Oct 18, 2012 16:12 IST

RNCOS has recently added a new Market Research Report titled, “Sri Lankan Insurance Industry Analysis” to its report gallery. Sri Lanka insurance industry is witnessing a strong growth inclination over the past few years on the back of growing insurance awareness, rise in per capita income and economic growth. Moreover, the industry is expected to touch the pinnacle of success in coming years with ever growing life insurance penetration, emergence of online insurance services and rising foreign investment in the industry.

According to our research report, “Sri Lankan Insurance Industry Analysis”, the Insurance Industry in Sri Lanka is dominated by general insurance segment that witnessed 23% growth in its gross written premium in 2011, compared to the previous year. The industry is expected to grow at a significant rate in the coming years with gross written premium (GWP) growing at a CAGR of around 21% during 2012-2015. Our report entails detailed analysis of industry segments including long term and general insurance along with their forecast.

As per our findings, motor insurance leads the general insurance industry in Sri Lanka accounting for more than half of the general insurance market. An in-depth analysis of general insurance segments including fire, marine, motor, etc along with their forecast has been covered in the report. Market performance of public vs private insurance companies is also covered in our analysis. Besides this, our research provides the study of reinsurance market coupled with its segment-wise growth.

To provide a better insight of market, the report also studies the existing distribution channel of insurance industry in the country which includes Broker, Agents & Bancassurance. It also describes the potential growth areas of insurance industry, such as rising opportunities in the field of Takaful & Health insurance etc.

Our report, “Sri Lankan Insurance Industry Analysis”, covers all the key aspects that depict a complete picture of the insurance industry. It provides a complete insight of country’s insurance industry including present regulatory environment and challenges for insurance industry.

Last but not the least, a snapshot of key players is also covered with their business description and strengths and weaknesses to provide an insight into the current industry trends.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM461.htm

Some of our Related Reports are:

- Booming Health Insurance in India (http://www.rncos.com/Report/IM250.htm)
- Saudi Arabia Insurance Market Analysis (http://www.rncos.com/Report/IM301.htm)
- Poland Insurance Market Forecast to 2014 (http://www.rncos.com/Report/IM325.htm)
- Vietnam Insurance Sector Forecast to 2014 (http://www.rncos.com/Report/IM326.htm)
- South African Insurance Industry Forecast to 2013 (http://www.rncos.com/Report/IM206.htm)

Check Related REPORTS on: http://www.rncos.com/Banking&Insurance.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.