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News5050 – Industry Reports

June 13, 2016

[/fusion_builder_column][fusion_builder_column type=”1_3″ spacing=’yes’ last=’yes’ background_color=” background_image=” background_repeat=’no-repeat’ background_position=’left top’ border_size=’0px’ border_color=” border_style=’solid’ padding=” class=” id=”][fusion_button link=’http://www.researchandexperts.com/Gambia/service-industries-insurance/report/00RV-IS1214MR/’ color=’orange’ size=’large’ type=’flat’ shape=’pill’ target=’_blank’ title=’The Insurance Industry in the Gambia, Key Trends and Opportunities…’ gradient_colors=’|’ gradient_hover_colors=’|’ accent_color=” accent_hover_color=” bevel_color=” border_width=’1px’ shadow=” icon=’fa-search’ icon_divider=’yes’ icon_position=’left’ modal=” animation_type=’0′ animation_direction=’down’ animation_speed=’0.1′ alignment=’left’ class=” id=”]View report[/fusion_button][/fusion_builder_column]

The Report:

Timetric’s ‘The Insurance Industry in the Gambia, Key Trends and Opportunities to 2019’ report provides detailed analysis of the market trends, drivers and challenges in the Gambian insurance industry.

It provides key performance indicators such as written premium and total assets during the review period (2010-2014) and forecast period (2014-2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Gambian 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.

Scope

This report provides a comprehensive analysis of the insurance industry in the Gambia:

o It provides historical values for the Gambian insurance industry for the report’s 2010-2014 review period, and projected figures for the 2014-2019 forecast period.

o It offers a detailed analysis of the key segments in the Gambian insurance industry, with market forecasts to 2019.

o It covers an exhaustive list of parameters, including written premium and total assets.

o It analyzes the various distribution channels in the Gambia.

o It profiles the top insurance companies in the Gambia and outlines the key regulations affecting them.

Highlights

o The Gambian economy is dependent on financial assistance and technical aid from multilateral and bilateral contributors, as well as, on the government’s economic management. Agriculture, tourism and remittances from abroad each broadly constitute about 20.0% of the country’s GDP.

o Insurance companies introduced the No Premium, No Cover concept in February 2016, requiring insurers to collect premiums in advance before providing cover. The provision is part of the Insurance Act 2003, but was not implemented by insurers until 2016.

o In February 2015, the Insurance Association of Gambia (IAG), an association of insurers, relaunched a local population sensitization program to provide comprehensive industry training to employees and executives, in partnership with the West African Insurance Institute. The program aimed to promote insurance knowledge and employee competency.

About Research and Experts:

Research and Experts brings you to the latest reports in market research on Insurance and much more.

Contact:

John Caldwell

Fia Rua, Deerpark

Bunratty, Co. Clare, Ireland

Check out Market Reports at www.researchandexperts.com

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