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Dominican Republic Insurance Q4 2019

Dominican Republic Insurance Q4 2019

Key View:

The Dominican Republic is an under-developed insurance market with good long-term potential. At present, demand forinsurance is concentrated on basic or compulsory lines, such as property and motor insurance - due to the low incomes of localhouseholds and the limited consumer awareness around life insurance and other discretionary lines. Slowly, we are starting to seeliving standards, and disposable incomes, creep upwards as the economy expands, providing stimulus for growth in smaller lines,such as the health and personal accident sub-sector. By the end of the forecast period, we expect penetration and density levels tohave developed from their current low base. This is likely to solicit greater interest from the international insurance and investmentcommunity, as health and personal accident are expected to account for nearly a quarter of non-life insurance premiums.


Key View
SWOT
Insurance SWOT
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Latin America & The Caribbean Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
Seguros Universal
Insurance Methodology

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