Nicaragua Insurance Q4 2018
The Nicaraguan insurance market is at an embryonic stage of development with premiums growing from a very lownominal base. The overall outlook remains positive and we anticipate steady uptick in premiums in 2018 and over the five years to2022. Traditionally, low household incomes and affordability issues have underpinned low rates of penetration. A strongermacroeconomic environment will provide stimulus for growth in years ahead. The primary drivers of growth will remain the basiclines of motor and property insurance, though we also expect increased demand for health and life insurance products from a smallbut growing middle class consumer base.
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