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El Salvador Insurance Q1 2019

El Salvador Insurance Q1 2019

Key View:

The insurance industry in El Salvador continues to face significant structural challenges. The low average income levelrecorded in the country means that a substantial proportion of the consumer base is still excluded from traditional insurance covers,while a lack of economic diversification also limits demand for corporate products. While the competitive landscape has attractedsome key regional players and also includes multinational providers, there is a limited product range and distribution channels arealso restricted, which reduces market access. Despite these challenges, written premiums are expected to expand as an emergingmiddle class and wider economic growth stimulate demand.

Key View
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
Insurance Methodology

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