Growing Potential of Export Credit Insurance in Sri Lanka

GWP of insurance companies in Sri Lanka is expected to grow at a CAGR of 21% during 2012-2015, says RNCOS in its research report.
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NOIDA, India ( February 6, 2013 - Sri Lanka Insurance Industry is witnessing a strong growth over the past few years. Driven by rising international trade in the country, export credit insurance segment is showing a huge growth potential in Sri Lanka. The country's trade is also expected to grow in the coming years. This growth would ultimately propel the demand of export credit insurance in the country.

According to our research report, "Sri Lankan Insurance Industry Analysis", the country has been witnessing a tremendous growth in the Life Insurance sector over the past few years. Favorable economic conditions, new long-term insurance products, introduction and advertising campaigns by insurers are all boosting the demand of Life Insurance products in the country. Existing low penetration rate further opens avenues for the sector to become the main growth driver of the Insurance Industry. On the back of the above factors, GWP of insurance companies in Sri Lanka is expected to grow at a CAGR of 21% during 2012-2015.

Our research describes the market performance of insurance sector by segments. It delivers a comprehensive analysis of various types of insurance in the industry and at the same, it also provide insights of present regulatory environment in the country. However, on the back of all the favorable macroeconomic conditions and increased per capita income, demand for life insurance products is anticipated to rise in the country.

Further, our report, "Sri Lankan Insurance Industry Analysis", provides an in-depth research and analysis of the Sri Lankan insurance sector including consumer perception. It highlights various potential areas such as takaful insurance, health insurance etc. for industry growth. On the other hand, the report also explains the challenges for the development of Insurance Industry in the country that will help new entrants to better understand the industry. Additionally, the report exhibits the details of major players of country's insurance industry to help clients to understand the competitive landscape and its progress in the coming years.

For FREE SAMPLE of this report visit:

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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.


Tag Words: union assurance plc
Categories: Insurance

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