Life Report

Product Insurance Market Reports Life Rev Guam

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Guam's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Guam's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Guam

The Guam life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Guam.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Guam and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Guam’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Guam is available.

Axco’s report describes the regulatory framework that applies to Guam's domestic life insurance sector, including whether non-admitted insurance is permitted in Guam; as well as the legislation necessary to know regarding Guam’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Guam with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Guam market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Guam, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Guam pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Guam report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Guam Life and Benefits Report Extract

Below are brief extracts of information from the Guam Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

The effects of the pandemic in Guam on the life and pension insurance markets are not yet fully known although it may be noted that as COVID-19 statistics stand at present, the elevated mortality risk arising from the pandemic is unlikely to have significant effects on insurers in the short term.

After recording growth of 0.56% in 2019, real GDP is forecast to contract by 10.14% in 2020 as a result of the accumulative impacts of the COVID-19 pandemic. A recovery of up to 6.2% of GDP is expected in 2021, although this is subject to significant downside risks ....


Private pension provision is well developed in the US and Guam, with basic social security provision topped up with second and third pillar private provision. No figures are available in Guam showing splits between life insurance and pension business.

The retirement benefit market in Guam is stimulated by the tax advantages available to qualified plans and their members. The pension market is dominated by investment managers and banks, although a number of independent financial advisers (IFAs) and planners represent foreign (US) insurance companies who offer company pensions. There is no information available regarding the total numbers of pension ....


uam does not provide universal healthcare to its citizens. The PMI/healthcare insurance system in Guam is broadly the same as in the US with some important exceptions. While the standards of US healthcare and research are widely considered among the best in the world, much of its delivery comes from the private sector with its costs very high in relation to other developed health systems in the world.

PMI/healthcare insurance in Guam is primarily governed by the Patient Protection and Affordable Care Act of 2010 ....

Back to Report Store

You may also be interested in these reports...


Ready to talk? We're here to help.

Whether you need more information or to discuss which products are best suited to your needs, our dedicated team are here to help.

Get in touch