ReportsnReports adds 4 different reports on Haiti, Maldives, Palau and Grenada Insurance industries. Explore each report with their challenges, trends, framework and many more. 

Haiti is one of the poorest countries in the Latin American and Caribbean region. The insurance industry is small and serves 0.3% of the population. The combination of geographical isolation, a scarcity of natural resources and a lack of infrastructure and industry expertise are hindering its growth. However, significant progress has been made by four organizations: Swiss Re, Caribbean Risk Managers Limited, Guy Carpenter Micro Risk Solutions and Fonkoze who formed a partnership to design innovative microinsurance programs. Such schemes are expected to provide both short and medium-term economic assistance and support industry growth. Haiti is vulnerable to natural disasters and recorded a severe earthquake in 2010 which had economic implications in that it decelerated growth. GDP at current prices grew at a CAGR of 7.0% during the review period (2008?2012) while the insurance industry posted a CAGR of 5.3%.

Get complete report on Haiti Insurance Market @ http://www.reportsnreports.com/reports/245739-the-insurance-industry-in-haiti-key-trends-and-opportunities-to-2017.html 

The volume of the Maldivian insurance industry is very low and lags behind other South Asian markets. The industry has developed since 2004 when a new set of regulations were introduced by the island nation. The insurance industry grew at a CAGR of 11.0% during the review period. The growth of Takaful insurance, the proposed implementation of medical health insurance for all Maldivian citizens and the introduction of mandatory third-party motor vehicle liability insurance in 2012 are expected to be the main growth drivers for the insurance industry over the forecast period. The Maldives has a competitive insurance industry and over the forecast period the industry is expected to experience strong competition in tourism-aligned insurance products such as travel and diving insurance. Tourism is considered to be the primary revenue earner and is expected to be a growth driver for the insurance industry, with new products created in partnership with the government and other key stakeholders.

Palau is one of the smallest countries in the world with a population of 21,032 in 2012. The combination of several factors such as geographical isolation, scarcity of natural resources, lack of proper infrastructure and less experienced professionals is hindering the growth of the insurance industry in the country. However, the Palauan economy witnessed healthy growth during the review period. GDP at current prices grew at a CAGR of 7.1% during the review period, boosting the growth of the insurance industry. The insurance industry grew in terms of gross written premiums at a CAGR of 7.7% during the review period. Despite recording such healthy growth, insurance penetration remains very low.

For complete report on Palau Insurance Sector, visit @ http://www.reportsnreports.com/reports/245745-the-insurance-industry-in-palau-key-trends-and-opportunities-to-2017.html 

Grenada has a small insurance industry that exhibited gradual growth alongside the overall economy, which increased by 4.5% in 2010 and 5.8% in 2012. The destructive tropical storms and hurricanes that pass through the islands are factors driving new construction activities in the country. New construction amid frequent natural disasters is expected to support the growth of the industry. The industry is regulated by the Grenada International Financial Services Authority (GIFSA). The regulatory authority provides licenses and sets the fees to operate in the country. There are 24 companies operating in the industry. 16 of those companies operate in the general segment, while eight operate in the life segment.

Grenada Insurance industry complete report @ http://www.reportsnreports.com/reports/245755-the-insurance-industry-in-grenada-key-trends-and-opportunities-to-2017.html