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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Guam non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Guam's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Guam non-life (P&C) market as well as trends by line of business. Axco analysts also report on Guam'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 Guam's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Guam, 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 Guam, 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 Guam with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Guyana is one of the poorest countries in South America: there is a significant informal economy which some observers have estimated as equivalent to around 30% of the formal economy.
According to data available to Axco Global Statistics, non-life written premiums represented USD 26.86 per capita in 2019 ....
This is a brief extract of information; more updated information may be available in the latest published report.