Florida Insurance Sector To Proliferate Driven By Property Insurance: Ken Research

Ken Research has announced its recent distribution on, “Governance, Risk and Compliance - The Floridian Insurance Industry” which is the outcome of extensive research into the insurance regulatory framework in Florida. The report caters the details of the insurance regulatory framework in Florida and contains details of the rules and regulations governing insurance products and insurance entities.
It lists and analyzes the key trends and developments pertaining to the country's insurance regulatory framework and also talks about the key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations in detail.

It gives a detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance as well as specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. Report helps the users in gaining insights into the insurance regulatory framework in Florida and also tracks the latest regulatory changes, and expected changes which impact the Floridian insurance industry.
The Floridian insurance industry is regulated by the OIR and it doesn’t come under the most popular of industries in the country since it is quite expensive than in other countries due to high associated risks. The insurance industry in Florida registered almost USD 20 billion in total economic output, or roughly 2.5% of the gross state product; and the premium taxes paid by insurance companies accumulated almost USD 705 billion to the state’s general revenues in year 2012.
The industry has experienced a constant growth and further stabilization, particularly with respect to the property insurance sector and altogether the domestic companies continued their growth, including expansion into other states.
Motor third-party liability insurance has been made compulsory in Florida currently and this suddenly boosted the number of insurance takers and also the industry prospered on a whole. 100% foreign direct investment has been allowed in the Floridian insurance industry now which would further definitely ameliorate the industry’s share in the overall market.
Composite insurance and Non-admitted insurance has not been permitted in the country as it may lead to losses for the industry in the long run.
Florida appears to be in its best position in the coming years to absorb the economic impact with raised number of insurance takers and improved industry status year after year.
Topics Covered in the Report

• Global insurance industry research
• Global Life insurance industry
• Florida Non-life insurance industry
• Florida life insurance market
• Florida Life insurance businesses
• Florida life insurance market research
• Life insurance sector trends Florida
• Florida insurance industry regulations
• Florida insurance companies competition
• Florida life insurance market size
• Florida life insurance market growth
• Florida life insurance market trends
• Florida life insurance market future
• Florida life insurance market Research
• Florida life insurance market share
• Florida life insurance market analysis

For more coverage click on the link below:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-floridian-insurance/84898-93.html
Related links:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-hong-kong-insurance/4928-93.html
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-rwandan-insurance/4943-93.html
Contact:
Ken Research
Ankur Gupta,
Head Marketing & Communications
query@kenresearch.com
+91-124- 4230204
www.kenresearch.com

100% Foreign Direct Investment to Thrive Hong Kong Insurance Industry: Ken Research

Ken Research has announced recent report titled, “Governance, Risk and Compliance – The Hong Kong Insurance Industry” which provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Hong Kong. This report provides an overview of the insurance regulatory framework in Hong Kong and the latest key changes, and changes expected in the country's insurance regulatory framework along with key regulations and market practices related to different types of insurance products in the country.

It gives a detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance and studies well the key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.

It analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country and also provides the details of taxation imposed on insurance products and insurance companies.

Hong Kong has had one of the most developed insurance markets in the region, with the per capita insurance premium standing at high levels and also the country has managed to attract many of the world's top insurance companies. The regulatory body that supervised and regulated the insurance industry in Hong Kong had long been OCI though now, the government of Hong Kong has forwarded a proposal to establish the Independent Insurance Authority (IIA), replacing the OCI as the country's insurance regulator.

The leading insurers by overall gross premiums in 2014 had been  AXA General Insurance Hong Kong, Zurich Insurance Company Ltd, Bupa (Asia) Limited, China Taiping Insurance (HK) Company Limited, Bank of China Group Insurance Company Limited, QBE-HKSI Limited, AIG Insurance Hong Kong Limited, CNOOC Insurance Limited, Asia Insurance Company Limited, and AXA China Region Insurance Company Limited.

Now the reinsurers are not required to seek authorization to carry out operational activities in Hong Kong and a cherry on the top i.e. 100% foreign direct investment is permitted in the insurance industry that is allover expected to boost the industry’s performance. On the other hand, Composite insurance is not permitted in the country due to fears of extreme losses.

Hong Kong had 161 authorized insurers as of end-June 2016, about half of which were incorporated overseas and among the overseas-incorporated insurers, Bermuda, the US and the UK had taken the lead. This number is definitely forecasted to ascend in the coming years with rising CAGR of the industry each year it proceeds.

Key Factors Considered in the Report

Global Insurance Industry Research

Hong Kong Insurance Industry Research

Hong Kong Non-Life Insurance Industry

Hong Kong Life Insurance Market

Hong Kong Life Insurance Market Research

Life Insurance Sector Trends Hong Kong

Hong Kong Insurance Industry Regulations

Hong Kong Insurance Market Competition

For more coverage click on the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-hong-kong-insurance/4928-93.html

Related links:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-rwandan-insurance/4943-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-floridian-insurance/84898-93.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Mozambique Insurance Industry Indicate Signs to Flourish: Ken Research

Ken Research has announced publication titled, “The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020” which provides an in-depth market analysis, information and insights into the Mozambican insurance industry. The report furnishes major performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020).
It grants a comprehensive overview of the Mozambican economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes analysis of the impact of natural hazards on the insurance industry.

It offers a detailed analysis of the key segments in the Mozambican insurance industry, with market forecasts to 2020 and profiles the top insurance companies in Mozambique, and highlights recent developments. Report ascertains growth opportunities and market dynamics in key segments and assesses the competitive dynamics in the Mozambican insurance industry.
Key Market Dynamics

• In 2014, only 24% of adults in urban areas had an access to the formal financial services and gradually this percentage was expected to rise in the coming years with innovation and improvements.

• According to the International Monetary Fund (IMF), Mozambique has maintained its rank among the fastest-growing economies in the world partly due to export of coal which placed it on the list of global exporters of mineral resources and partly because of the discovery of offshore natural gas that garnered international interest and investment. As a result, the insurance industry benefited and registered a CAGR of 28.6% during the review period.
• The life segment reckoned for 18% of the industry's gross written premium whereas the personal accident and health segment accounted for 10.3% of the industry's gross written premium in 2015.
• In 2015, there were mainly 18 operational insurance companies, which included 4 composite, 3 life and 11 non-life insurers.
• The insurance sector in Mozambique has evolved magnificently in the recent years and the country at present has 18 insurance companies and more than 64 brokers, as told by the president of the Mozambican Insurance Supervision Institute.
• The numbers of operators, policy holders and the amounts of premium paid have grown significantly but at the same time Otilia Santos has supported the insurance market in Mozambique currently.
• The amelioration viewed in the insurance business is because of the efforts made by operators since, along with signing contracts; they educate and aware the general public too. This growth is eventually forecasted to occur in the future years as well where more and more public is aware and wants to get insured for merely everything that can prove to be a risky venture.

Topics Covered in the Report

• Global insurance industry research
• Mozambique Insurance Sector
• Mozambique Life Insurance Market
• Mozambique Insurance Industry Future
• Mozambique Insurance Industry Trends
• Mozambique Insurance Sector Regulations
• Mozambique Life Insurance gross Written Premium
• Mozambique Life Insurance Market size
• Mozambique Life Insurance Market trends
• Mozambique Life Insurance Market growth
• Mozambique Life Insurance Market analysis
• Mozambique Life Insurance Market share
• Mozambique Life Insurance Market future

For more coverage click on the link below:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/insurance-industry-mozambique-key-trends/81988-93.html
Related links:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/iran-insurance-market-research-report/427-93.html
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/bahrain-insurance-market-research-report/425-93.html
Contact:
Ken Research
Ankur Gupta,
Head Marketing & Communications
query@kenresearch.com
+91-124- 4230204
www.kenresearch.com

Admiral group Business and Financial Performance: Ken Research

Ken research announced its recent publication titled “Insurance Competitor Profile: Admiral Group 2016,” which offers insights on Admiral Group UK business including its structure, performance in both the commercial and personal lines markets and its marketing and distribution strategy. Furthermore it investigates its strengths and weakness in the market including its sub brands along with it the challenges and opportunities. This report offers a shrewd analysis of Admiral's organizational structure and its core business segments including its advertising strategy offering insights on the group’s strategy and co insurers.

Admiral Insurance Group provides surplus lines coverage to commercial risks that generally involve mediocre to high degrees of hazard. This Group, a W. R. Berkley Company, is a wholesale-dedicated surplus lines commercial insurance provider. They specialise in underwriting difficult-to-place moderate to high-risk commercial business seeking creative solutions to novel and unusual complex risks. Lines of business incorporate Commercial Casualty, Professional Liability, and Commercial Property.

Admiral Insurance Company is domiciled in Delaware with managerial workplaces in Mount Laurel, New Jersey. Admiral Insurance Company is a genuine surplus lines insurer with wide treaties operating as an authorized carrier in New Jersey and Delaware. They are an approved surplus lines carrier writing on a non-conceded premise in all other states plus Canada, Puerto Rico and the U.S. Virgin Islands.               

Capital structure

Their low risk approach to their business with key use of reinsurance has made it possible to maintain low levels of capital employed. However in 2014 they found that favourable capital markets and very reasonable rates of interest produced the opportunity to strengthen and diversify the capital resources as they make a prudent transition into Solvency II in 2016, with the attendant regulatory capital requirement and buffers.

To know more on the coverage, tap on the link underneath:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/insurance-competitor-profile-admiral-group-2016/70706-93.html

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Contact:

Ken Research 
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204