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Djibouti Insurance Market Overview, Driving Factors, Key Players and Growth Opportunities by 2025

02-11-2020 07:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Djibouti Insurance Market Size

Djibouti Insurance Market Size

According to the latest report by IMARC Group titled, "Djibouti Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the market is expected to continue its strong growth during 2020-2025.

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Insurance is a policy that provides financial protection against loss or damage by a specified contingency. It also offers financial protection against the risk of uncertain incidents. As a result, it has helped in encouraging trade and commerce activities, providing security to the functioning of businesses, generating long-term employment opportunities and contributing to the economic growth and development of Djibouti.

The Port of Djibouti is situated at the crossroads of one of the busiest shipping routes in the world, which is catalyzing trade activities in the country. This, along with the burgeoning infrastructure sector, represents one of the key factors driving the insurance market growth in Djibouti. Furthermore, the growing population and mandatory automobile coverage are some of the other factors propelling the market growth in the country. Apart from this, the Yellow Card insurance scheme launched in the country provides coverage for the health and material costs to individuals traveling through Common Market for Eastern and Southern Africa (COMESA) member countries. This, in turn, is expected to create a positive outlook for the market in the coming years.

Explore full report with table of contents:

Table of Contents

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Djibouti Insurance Sector Overview

5 Djibouti Insurance Market

6 SWOT Analysis

7 Porters Five Forces Analysis

8 Competitive Landscape

1 AMERGA Assurance

2 GXA Assurances SA

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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