Reinsurance in Ecuador, Key Trends and Opportunities to 2021
Timetric’s 'Reinsurance in Ecuador, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Ecuadorian reinsurance segment.
It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2012–2016) and forecast period (2016–2021).
The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Ecuadorian economy and demographics, and provides detailed analysis of natural hazards and their impact on the Ecuadorian insurance industry.
The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.
Timetric’s 'Reinsurance in Ecuador, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Ecuadorian reinsurance segment, including:
An outlook of the Ecuadorian reinsurance segment
A comprehensive overview of the Ecuadorian economy and demographics
Detailed analysis of natural hazards and their impact on the Ecuadorian insurance industry
The competitive landscape in the Ecuadorian reinsurance segment
This report provides a comprehensive analysis of the reinsurance segment in Ecuador:
It provides historical values for the Ecuadorian reinsurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
It offers a detailed analysis of the key categories in the Ecuadorian reinsurance segment, and market forecasts to 2021.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Ecuador, and the reinsurance segment's growth prospects.
It analyzes various natural hazards and their impact on the Ecuador insurance industry
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Ecuadorian reinsurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Ecuadorian reinsurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Ecuadorian insurance industry, and their impact on companies and the industry's future.
In March 2016, the Ecuadorian government introduced a law which prevented insurers from ceding more than 5.0% of the risk underwritten to foreign reinsurers.
The non-life segment accounted for the highest premium ceded in 2016, with 50.4% of the non-life segment’s total, followed by the personal accident and health segment with 5.6% and the life segment with 1.8%.
In September 2014, the Monetary and Financial Code was implemented in Ecuador, which regulated monetary and financial systems – specifically securities, reinsurance and insurance.