Submitted by: Submitted by prashantkolekar
Views: 68
Words: 791
Pages: 4
Category: Business and Industry
Date Submitted: 11/12/2014 10:28 PM
Call 866-997-4948 (Us-Canada Toll Free) Tel: +1-518-618-1030 with your industry research requirements or email the details on sales@researchmoz.us
The report provides in-depth industry analysis, information and insights of the insurance industry in Bolivia, including:
The Bolivian insurance industry’s growth prospects by insurance segments and categories
The competitive landscape in the Bolivian insurance industry
The current trends and drivers of the Bolivian insurance industry
Challenges facing the Bolivian insurance industry
Detailed regulatory framework of the Bolivian insurance industry
To Brows a Full Report with Toc: http://www.researchmoz.us/the-insurance-industry-in-bolivia-key-trends-and-opportunities-to-2018-report.html
Executive summary
The Bolivian economy is recovering slowly after the global economic crisis of 2008–2009, the eurozone crisis in 2011, and the sluggish tourism recovery in the US and Europe. Despite this, the economy recorded the highest growth rate in South America during the review period (2009–2013), at 3.4% in 2009, and the highest growth rate in Latin America during 2012–2013, at 6.8%. Bolivian GDP at constant prices increased from BOB31.3 billion (US$4.5 billion) in 2009 to BOB38.5 billion (US$5.6 billion) in 2013, at a review period compound annual growth rate (CAGR) of 5.3%.
Bolivia achieved political stability after President Evo Morales introduced reforms in 2006 involving the privatization of the oil and gas industry, major modifications to the country’s constitution, strengthening the economy and the implementation of various social programs. Public debt was a primary government concerns and the political reforms reduced debt from 94% of GDP in 2003 to less than 40% in 2013.
The Bolivian insurance industry grew at a CAGR of 15.7%. Industry growth was supported by strong performance in the life and non-life segments, as well economic recovery following the global financial crisis in 2008–2009. The non-life...