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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Guyana non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Guyana's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Guyana non-life (P&C) market as well as trends by line of business. Axco analysts also report on Guyana'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 Guyana's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Guyana, 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 Guyana, 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 Guyana with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Ghana is one of the larger insurance markets in West Africa and follows similar trends as nearby Nigeria. It is supervised by the National Insurance Commission (NIC), which has been one of Africa's more pro-active and involved regulators and has ambitious goals for the industry and continues to introduce measures aiming to shape and control market behaviour.
The Central Bank of Ghana (BoG) revoked the licences of five Ghanaian banks on 1 August 2018 ....
This is a brief extract of information; more updated information may be available in the latest published report
