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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Fiji non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Fiji's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Fiji non-life (P&C) market as well as trends by line of business. Axco analysts also report on Fiji's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Fiji's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Fiji, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Fiji, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Fiji with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
With a population of fewer than one million people, and a difficult political environment, Fiji's economic development in the 21st century has historically been limited, although the restoration of democracy in 2014 has led to some improvement in Fiji's sometimes strained relations with its main trading partners and regional neighbours. Prime Minister Bainimarama is said to be eager for Fiji to play a leadership role among the Pacific Islands and will seek to reduce reliance on Australia and New Zealand by strengthening ties with China and ....
This is a brief extract of information; more updated information may be available in the latest published report