Market Research Logo

The Insurance Industry in Bolivia, Key Trends and Opportunities to 2019

The Insurance Industry in Bolivia, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Insurance Industry in Bolivia, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Bolivian insurance industry.It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Bolivian economy and demographics, and provides detailed information on the competitive landscape in the country.The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'The Insurance Industry in Bolivia, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Bolivian insurance industry, including:

  • The Bolivian insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Bolivian economy and demographics
  • Details of the competitive landscape in the Bolivian insurance industry
  • The various distribution channels in the Bolivian insurance industry
  • Details of regulatory policy applicable to the Bolivian insurance industry
  • Analysis of natural hazards in the Bolivian insurance industry
Scope

This report provides a comprehensive analysis of the insurance industry in Bolivia:
  • It provides historical values for the Bolivian insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key segments in the Bolivian insurance industry, along with market forecasts until 2019.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It analyzes the various distribution channels in Bolivia.
  • It profiles the top insurance companies in Bolivia, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Bolivian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Bolivian insurance industry.
  • Assess the competitive dynamics in the Bolivian insurance industry.
  • Identify growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Bolivian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The Bolivian insurance gross written premium grew at a review-period CAGR of 16.1%.
  • The Bolivian insurance industry is dominated by the non-life segment, which accounted for 63.0% of the industry's gross written premium in 2014.
  • Frequent floods, landslides and drought in the country drove demand for property insurance, which was the largest non-life insurance category, with 45.5% of the total non-life gross written premium in 2014.
  • The construction industry is expected to grow over the forecast period, driven by the government’s increasing expenditure on infrastructure projects.
  • Bolivia has one of the poorest healthcare systems in Latin America. The public healthcare system mainly concentrates on providing services to mothers, children and the elderly.
  • The Bolivian insurance industry is regulated and supervised by the APS. As of 2014, there were 16 insurers operating in the country overall, of which eight were life insurers and eight were non-life insurers.


  • Key Facts and Highlights
    • Table Bolivian Insurance Industry - Key Facts
  • Executive Summary
  • Economy and Demographics
  • Bolivian Insurance Industry Overview
  • Industry Segmentation
    • Life Insurance
      • Table Bolivian Life Insurance - Gross Written Premium by Sub-Segment (BOB Million), 2010-2014
      • Table Bolivian Life Insurance - Gross Written Premium by Sub-Segment (US$ Million), 2010-2014
      • Table Bolivian Life Insurance - Gross Written Premium by Sub-Segment (BOB Million), 2014-2019
      • Table Bolivian Life Insurance - Gross Written Premium by Sub-Segment (US$ Million), 2014-2019
      • Table Bolivian Life Insurance Segmentation by Gross Written Premium (Percentage Share), 2010-2019
      • Table Bolivian Life Insurance - Direct Written Premium by Sub-Segment (BOB Million), 2010-2014
      • Table Bolivian Life Insurance - Direct Written Premium by Sub-Segment (US$ Million), 2010-2014
      • Table Bolivian Life Insurance - Direct Written Premium by Sub-Segment (BOB Million), 2014-2019
      • Table Bolivian Life Insurance - Direct Written Premium by Sub-Segment (US$ Million), 2014-2019
      • Table Bolivian Life Insurance Segmentation by Direct Written Premium (Percentage Share), 2010-2019
      • Individual Life Insurance
        • Table Bolivian Individual Life Insurance - Gross Written Premium by Category (BOB Million), 2010-2014
        • Table Bolivian Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
        • Table Bolivian Individual Life Insurance - Gross Written Premium by Category (BOB Million), 2014-2019
        • Table Bolivian Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
        • Table Bolivian Individual Life Insurance - Direct Written Premium by Category (BOB Million), 2010-2014
        • Table Bolivian Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
        • Table Bolivian Individual Life Insurance - Direct Written Premium by Category (BOB Billion), 2014-2019
        • Table Bolivian Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
        • Table Bolivian Life Insurance - Paid Claims (BOB Million), 2010-2014
        • Table Bolivian Life Insurance - Paid Claims (BOB Million), 2014-2019
        • Table Bolivian Life Insurance - Incurred Loss (BOB Million), 2010-2014
        • Table Bolivian Life Insurance - Incurred Loss (BOB Million), 2014-2019
        • Table Bolivian Life Insurance - Net Written Premiums (Percentage of GWP), 2010-2014
        • Table Bolivian Life Insurance - Net Written Premiums (Percentage of GWP), 2014-2019
        • Table Bolivian Life Insurance - Total Assets (BOB Billion), 2010-2014
        • Table Bolivian Life Insurance - Total Assets (BOB Billion), 2014-2019
        • Table Bolivian Life Insurance - Total Investment Income (BOB Million), 2010-2014
        • Table Bolivian Life Insurance - Total Investment Income (BOB Million), 2014-2019
        • Table Bolivian Life Insurance - Net Written Premiums (BOB Million), 2010-2014
        • Table Bolivian Life Insurance - Net Written Premiums (BOB Million), 2014-2019
    • Life Insurance by Category
      • Individual whole life insurance
        • Table Bolivian Individual Whole Life Insurance - Gross Written Premium (BOB Million), 2010-2014
        • Table Bolivian Individual Whole Life Insurance - Gross Written Premium (BOB Million), 2014-2019
      • Individual pension insurance
        • Table Bolivian Individual Pension Insurance - Gross Written Premium (BOB Million), 2010-2014
      • Individual other insurance
        • Table Bolivian Individual Others Insurance - Gross Written Premium (BOB Million), 2010-2014
        • Table Bolivian Individual Others Insurance - Gross Written Premium (BOB Million), 2014-2019
      • Group whole life insurance
        • Table Bolivian Group Whole Life Insurance - Gross Written Premium (BOB Million), 2010-2014
        • Table Bolivian Group Whole Life Insurance - Gross Written Premium (BOB Million), 2014-2019
    • Non-Life Insurance
      • Table Bolivian Non-Life Insurance - Gross Written Premium by Category (BOB Million), 2010-2014
      • Table Bolivian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
      • Table Bolivian Non-Life Insurance - Gross Written Premium by Category (BOB Million), 2014-2019
      • Table Bolivian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
      • Table Bolivian Non-Life Insurance - Direct Written Premium by Category (BOB Million), 2010-2014
      • Table Bolivian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
      • Table Bolivian Non-Life Insurance - Direct Written Premium by Category (BOB Million), 2014-2019
      • Table Bolivian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
      • Table Bolivian Non-Life Insurance - Paid Claims (BOB Million), 2010-2014
      • Table Bolivian Non-Life Insurance - Paid Claims (BOB Million), 2014-2019
      • Table Bolivian Non-Life Insurance - Incurred Loss (BOB Million), 2010-2014
      • Table Bolivian Non-Life Insurance - Incurred Loss (BOB Million), 2014-2019
      • Table Bolivian Non-Life Insurance - Loss Ratio (%), 2010-2014
      • Table Bolivian Non-Life Insurance - Loss Ratio (%), 2014-2019
      • Table Bolivian Non-Life Insurance - Combined Ratio (%), 2010-2014
      • Table Bolivian Non-Life Insurance - Combined Ratio (%), 2014-2019
      • Table Bolivian Non-Life Insurance - Total Assets (BOB Billion), 2010-2014
      • Table Bolivian Non-Life Insurance - Total Assets (BOB Billion), 2014-2019
      • Table Bolivian Non-Life Insurance - Total Investment Income (BOB Million), 2010-2014
      • Table Bolivian Non-Life Insurance - Total Investment Income (BOB Million), 2014-2019
      • Table Bolivian Non-Life Insurance - Net Written Premiums (BOB Million), 2010-2014
      • Table Bolivian Non-Life Insurance - Net Written Premiums (BOB Million), 2014-2019
      • Property insurance
        • Table Bolivian Property Insurance - Gross Written Premium (BOB Million), 2010-2014
        • Table Bolivian Property Insurance - Gross Written Premium (BOB Million), 2014-2019
      • Motor insurance
        • Table Bolivian Motor Insurance - Gross Written Premium (BOB Million), 2010-2014
        • Table Bolivian Motor Insurance - Gross Written Premium (BOB Million), 2014-2019
      • Liability insurance
        • Table Bolivian Liability Insurance - Gross Written Premium (BOB Million), 2010-2014
        • Table Bolivian Liability Insurance - Gross Written Premium (BOB Million), 2014-2019
      • Marine, aviation and transit insurance
        • Table Bolivian Marine, Aviation and Transit Insurance - Gross Written Premium (BOB Million), 2010-2014
        • Table Bolivian Marine, Aviation and Transit Insurance - Gross Written Premium (BOB Million), 2014-2019
    • Personal Accident and Health Insurance
      • Table Bolivian Personal Accident and Health Insurance - Gross Written Premium by Category (BOB Million), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Gross Written Premium by Category (BOB Million), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Direct Written Premium by Category (BOB Million), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Direct Written Premium by Category (BOB Million), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Paid Claims (BOB Million), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Paid Claims (BOB Million), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Incurred Loss (BOB Million), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Incurred Loss (BOB Million), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Total Assets (BOB Million), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Total Assets (BOB Million), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Total Investment Income (BOB Million), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Total Investment Income (BOB Million), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Net Written Premiums (BOB Million), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Net Written Premiums (BOB Million), 2014-2019
      • Personal accident insurance
        • Table Bolivian Personal Accident Insurance - Gross Written Premium (BOB Million), 2010-2014
        • Table Bolivian Personal Accident Insurance - Gross Written Premium (BOB Million), 2014-2019
      • Health insurance
        • Table Bolivian Health Insurance - Gross Written Premium (BOB Million), 2010-2014
        • Table Bolivian Health Insurance - Gross Written Premium (BOB Million), 2014-2019
    • Reinsurance
      • Table Bolivian Reinsurance - Premium Accepted (BOB Million), 2010-2014
      • Table Bolivian Reinsurance - Premium Accepted (BOB Million), 2014-2019
      • Table Bolivian Reinsurance - Premiums Ceded (Excluding Retrocession) by Insurance Segment (BOB Million), 2010-2014
      • Table Bolivian Reinsurance - Premiums Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2014
      • Table Bolivian Reinsurance - Premiums Ceded (Excluding Retrocession) by Insurance Segment (BOB Million), 2014-2019
      • Table Bolivian Reinsurance - Premiums Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014-2019
      • Table Bolivian Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2010-2014
      • Table Bolivian Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2014-2019
      • Table Bolivian Non-Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2010-2014
      • Table Bolivian Non-Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2014-2019
      • Table Bolivian Personal Accident and Health Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2010-2014
      • Table Bolivian Personal Accident and Health Insurance - Percentage of Premiums Ceded (Excluding Retrocession), 2014-2019
  • Natural Hazards
    • Table Bolivian Average Annual Loss by Hazard (US$ Million), 1990-2014
    • Floods
    • Droughts
    • Landslide
    • Exposure
  • Competitive Landscape
    • Overview
      • Table Bolivian Insurance Industry - Market Share, 2014
      • Table Bolivian Life Insurance - Segment Shares, 2014
      • Table Bolivian Non-Life Insurance - Segment Shares, 2014
    • Leading Companies
      • Alianza Compañia de Seguros y Reaseguros SA EMA - company overview
        • Table Alianza Compañia de Seguros y Reaseguros SA - Key Facts
      • BISA Seguros Y Reaseguros SA - company overview
        • Table BISA Seguros Y Reaseguros SA - Key Facts
      • La Boliviana Ciacruz de Seguros y Reaseguros SA - company overview
        • Table La Boliviana Ciacruz de Seguros y Reaseguros SA - Key Facts
      • Seguros y Reaseguros Credinform International SA - company overview
        • Table Nacional Vida Seguros de Personas SA - Key Facts
      • Nacional Vida Seguros de Personas SA - company overview
        • Table Nacional Vida Seguros de Personas SA - Key Facts
  • Governance, Risk and Compliance
    • Table Bolivia - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Bolivia - Life Insurance Regulatory Framework
      • Property insurance
        • Table Bolivia - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Bolivia - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Bolivia - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
        • Table Bolivia - Motor Third-Party Liability Insurance Rates
      • Workers' compensation
    • Supervision and Control
      • Association of Insurance Supervisors Latin America
      • Authority of Supervision and Control for Pension and Insurance
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirement
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Bolivia - Corporate Tax Rates for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
  • Definitions and Methodology
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report