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Monday, April 15, 2013

Mongolia Insurance Industry To 2017 Now Available at MarketResearchReports.Biz

 The report provides in depth market analysis, information and insights into the insurance industry in Mongolia, including:
  • The Mongolian insurance industry’s growth prospects by insurance segments and categories 
  • The competitive landscape in the Mongolian  insurance industry
  • The current trends and drivers of the Mongolian  insurance industry
  • The challenges facing the Mongolian  insurance industry
  • The regulatory framework of the Mongolian  insurance industry


Mongolia has one of the fastest-growing economies in the world, with real GDP increasing from 6.4% in 2010 to 17.3% in 2011. According to the World Bank, the economy is expected to expand by 11.8% in 2012 and 16.2% in 2013, underpinned by developments in the mining industry. Led by economic growth, the Mongolian insurance industry registered a CAGR of 26.7% during the review period (2008 - 2012). However, the industry is relatively small and in its developmental stages; indeed, its first life insurance company: National Life Insurance Company LLC was established in 2008.

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This report provides a comprehensive analysis of the insurance industry in Mongolia:

  • It provides historical values for the Mongolian insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period 
  • It offers a detailed analysis of the key segments and categories in the Mongolian insurance industry, along with industry forecasts until 2017
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions 
  • It profiles the top insurance companies in Mongolia and outlines the key regulations affecting them

Reasons To Buy

  • Make strategic business decisions using in depth historic and forecast industry data related to the Mongolian insurance industry and each segment within it
  • Assess the competitive dynamics in the Mongolian insurance industry
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Mongolian insurance industry
  • Identify the growth opportunities and market dynamics within key segments
  • Gain insights into key regulations governing the Mongolian insurance industry and its impact on companies and the industry's future

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Key Highlights

  • The non-life insurance segment accounted for the largest share of the total insurance written premium value in 2012
  • The introduction of compulsory motor insurance in October 2012 is expected to result in a 30% expansion in the size of the motor insurance category
  • Government-backed low-income housing projects, which commenced in 2009, provide 6% interest loans for first-time buyers and will increase the demand for property insurance
  • Mongolia has one of the fastest-growing economies in the world
  • The expansion of the mining industry is expected to generate a demand for insurance products

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