openPR Logo
Press release

Sri Lanka Insurance Industry Recording Impressive Growth

11-12-2012 05:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: RNCOS E-Services Pvt. Ltd.

/ PR Agency: RNCOS E-Services Pvt. Ltd.
Sri Lankan insurance market is projected to grow at a CAGR of around 21% during 2012-2015, says RNCOS.

Sri Lankan insurance market is projected to grow at a CAGR of around 21% during 2012-2015, says RNCOS.

Sri Lanka Insurance Industry is witnessing a strong growth since past few years. Dominated by general insurance segment, the total Gross Written Premium (GWP) in the country increased by 18% in 2011 compared to the previous year. In the coming years, the industry is further expected to touch the pinnacle of success with ever-growing life insurance penetration, emergence of online insurance services, and rising foreign investment in the industry. Taking into account all these favorable factors, the GWP of insurance companies in Sri Lanka is expected to grow at a CAGR of around 21% during 2012-2015.

Research Analysis and Highlights

The report, “Sri Lankan Insurance Industry Analysis”, by RNCOS spread across 80 pages covers all the key aspects that depict the complete picture of the insurance industry of Sri Lanka. It offers an in-depth analysis of market performance of insurance by segments covering the long-term insurance and general insurance market. It also drills into general insurance segments including Fire, Marine, Motor & Miscellaneous insurance along with their future forecast. In addition to that, the report also covers the market performance by insurance companies.

Our research also provides the study of reinsurance market of Sri Lanka coupled with its segment-wise growth. To provide better insight of market, it studies the existing distribution channel of insurance industry in the country which includes Broker, Agents and Bancassurance. In addition, it describes the potential growth areas of Sri Lankan insurance industry such as rising opportunities in the field of Takaful & Health insurance, etc.

Our research also provides a complete insight of country’s insurance industry including consumer perception. It also talks about the present regulatory environment and challenges for insurance industry in the country. Moreover, it highlights the key players in Sri Lankan insurance industry along with their market share which will help the client to understand the present market scenario and competitive landscape of the industry.

Some of the report’s key highlights include:

- Rising Life Insurance Penetration.
- Motor Leading General Insurance Market in Sri Lanka.
- Growing potential in export credit insurance.
- Takaful: A new and viable insurance segment.

Some of our Related Reports are:

- Saudi Arabia Insurance Market Analysis (http://www.rncos.com/Report/IM301.htm)
- Vietnam Insurance Sector Forecast to 2014 (http://www.rncos.com/Report/IM326.htm)
- Poland Insurance Market Forecast to 2014 (http://www.rncos.com/Report/IM325.htm)

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

NONE

B-129, Sector 6 Noida - 201301
91-120-4224-700
91-120-4224-707

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Sri Lanka Insurance Industry Recording Impressive Growth here

News-ID: 241529 • Views: 1074

More Releases from RNCOS E-Services Pvt. Ltd.

Malaysia Convenience Store Witnessing Tremendous Growth
“Rapid expansion plans of major convenience stores in Malaysia such as 7-Eleve and 99 Speed Mart are expected to drive the market.” says RNCOS Malaysia Convenience store has been witnessing a tremendous growth in the retail industry. Key players in the country are widening their foot prints in retail industry by innovatively increasing the product portfolio as per the consumer behavior and increasing the number of stores. There is a cut
Growing Opportunity in the Global Enterprise Software Market
“Increasing adoption of enterprise resource management software, customer relationship management software and human resource management software is expected to drive the Global Enterprise Software market.” Says RNCOS The global enterprise software market has reported a significant growth in the recent years and is presenting ample opportunities to the industry’s players. With increasing global competition and rising awareness regarding enterprises software across the globe, the worldwide enterprise software market is poised to
Global Wearable Medical Device Market Outlook 2020
By wearable medical devices we understand non-invasive, autonomous health tools, which aid in clinical monitoring beyond the hospitals. The application of wearable ranges from monitoring glucose levels in blood to managing chronic diseases such as heart diseases, asthma and diabetes. These devices generally provide non-invasive sensing, local processing, user feedback, and communication capabilities. In the latest report “Global Wearable Medical Device Market Outlook 2020”, RNCOS’ analysts have endeavored to
Global Point-of-Care Diagnostics Market Outlook 2020
It is widely accepted that disease prevention and risk-reduction strategies have the potential to lower disease burden as well as improve the overall health of individuals. POCT technology offers such potential for diagnosis and treatment of patients, as it facilitates rapid availability of test results and hence, early clinical decision making and intervention. Amidst a rising disease incidence, reduced budget, growing focus towards personalization of care, and ever-increasing integration of

All 5 Releases


More Releases for Sri

Sri Lanka Stationery Market (2018-2024)-6Wresearch
Rising Population, Increasing Number of Education Enrolments along with Sri Lankan Government Goals to Achieve 100% Literacy Rate by 2020 Would Surge the Demand for Sri Lanka Stationery Market During the Forecast Period - 6Wresearch The Stationery Market in Sri Lanka is at a growing stage. Several upcoming government schemes related to education along with growing population are expected to drive the demand for stationery items in Sri Lanka over the
Colombo Court Hotel & Spa Colombo, Sri Lanka
An affordable, sustainably minded boutique hotel offering a quiet respite from the buzz of Sri Lanka's capital city, Colombo, within easy reach of sights, restaurants and shops." Location The hotel flanks Duplication Road, one of Colombo's main thoroughfares. Traffic noise is inevitable though many of the rooms are set back and away from the road. This location is fairly central and most of Colombo's sights – such as the National Museum, Gangaramaya
Sri Lankan Radio LIve - Internet Stream Player
Offering the most advanced and required Sri Lankan Live Radio, we tend to provide our users with an unbeatable application, which is customized only for iPhone, iPod and iPad touch. This exclusive application serves the premium Radio Stations feasible in any country. So, pamper yourself to get acquainted with a comprehensive range of entertainment options. You are granted an ideal opportunity to listen to the state-of-the-art music of acclaimed singers,
Sri Sri Ravi Shankar receives Honorary Doctorates from Argentina
Argentina, Sept 7. 2012: Humanitarian leader and Founder, The Art of Living, Sri Sri Ravi Shankar was awarded the honorary doctorate, Honoris Causa Doctor at the Siglo XXI University Campus in the city of Cordoba, Argentina. Dr. Jose Manuel de la Sota, Governor of Cordoba, also named Sri Sri as the honorary citizen of Cordoba for his foundation's humanitarian work. Dr Sergio Lais, General Consul of India named Sri Sri as
Corruption should leave India says Sri Sri
"Fight corruption with truth and non-violent means, we have to come together to root out corruption from India”, Sri Sri Ravi Shankar told a large gathering of youth, who had assembled at the Art of Living International Center for the Yuva Jagruti Sammelan. The youth, he said, have an important role to play in combating corruption, "The youth have to bring a wave of transformation. We need to stand strong against
Sri Sri tours Karnataka for rural empowerment
Bellary, January 28, 2011: Spiritual leader, humanitarian & founder of The Art of Living Sri Sri Ravi Shankar will embark on a two-day tour, titled ' Hosa chiguru hale beru' of Bellary and Gadag, beginning February 1, 2011, with a vision of a developed and empowered rural Karnataka. During his tour of North Karnataka, Sri Sri Ravi Shankar will address a cross-section of people in public interactions, seminar, and satsangs. On