The Insurance Industry in El Salvador Market Research Report 2018

The Insurance Industry in El Salvador, Key Trends and Opportunities to 2018 Synopsis The report provides in-depth industry analysis, information and insights of the insurance industry in El Salvador, including: The Salvadoran insurance industry’s growth prospects by insurance segments and categories The competitive landscape in the Salvadoran insurance industry The current trends and drivers of the Salvadoran insurance industry Challenges facing the Salvadoran insurance industry The detailed regulatory framework of the Salvadoran insurance industry Executive summary El Salvador is one of the most competitive insurance industries in the Central American Region, with 21 insurance companies operating as of 2012. However in terms of its market size, the country stood fourth after Panama, Costa Rica and Guatemala. The Salvadoran insurance industry grew at a compound annual growth rate (CAGR) of 4.1% during the review period (2009−2013), and is expected to post a CAGR of 3.4% over the forecast period. The main growth drivers are expected to be the implementation of the new health insurance law which will bring down medicine prices, the efficient regulatory system and the recovery of the Salvadoran economy. El Salvador has one of the most regulated insurance industries in the Central American Region. In 2013, the Salvadoran government enacted several favorable legislations, such as the approval of new regulations for medication, which are expected to support the growth of health insurance category over the forecast period. Scope This report provides a comprehensive analysis of the insurance industry in El Salvador: It provides historical values for the Salvadoran insurance industry for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period. It offers a detailed analysis of the key segments and categories in the Salvadoran insurance industry, along with forecasts until 2018. It covers an exhaustive list of...