Research and Markets Offers Report: The Insurance Industry in Gambia Report: Key Trends and Opportunities to 2017 [Professional Services Close – Up]

Research and Markets has announced the addition of the "The Insurance Industry in Gambia, Key Trends and Opportunities to 2017" report to its offerings.

In a release, Research and Markets noted that report highlights include:

The insurance industry in Gambia is small and fragmented. There are 11 insurance companies in the country, out of which nine are authorized to operate in the non-life insurance segment, one operates in the life insurance segment while the remaining company operates in both segments. There are also seven insurance brokers and 13 insurance agents in the country. According to the United Nations Development Programme's 2011 Human Development Index, Gambia is one of the poorest countries in the world, with a world ranking of 168 out of 187. Poverty is widespread in the rural population and three-quarters of the rural population are classified as poor. These conditions hampered the growth of the country's insurance industry, as people did not have sufficient funds to invest in insurance policies.

Key Highlights

- The insurance industry in Gambia is small and fragmented

- There are 11 insurance companies in the country, out of which nine are authorized to operate in the non-life insurance segment, one operates in the life insurance segment while the remaining company operates in both segments

- Despite stringent regulations in the Gambian insurance industry, many unethical practices are gaining ground in the country

- The Insurance Association of the Gambia (IAG) is making efforts to educate people about the importance of insurance

Companies Mentioned

-International Insurance Company Limited

-IGI Gamstar Insurance Company

-Great Alliance Insurance Company Limited

-Sunshine Insurance Company

-Global Security Insurance Company Limited

Report information:

http://www.researchandmarkets.com/research/352wbs/the_insurance

((Comments on this story may be sent to [email protected]))