INSURANCE IN NICARAGUA. INDUSTRY STATISTICS, COMPETITIVE LANDSCAPE AND FORECAST SCENARIOS. MARKET REPORT

2024.09 MARKET RESEARCH REPORTS

FREE REPORT

Rankings overview (by insurer and business line)

Industry performance overview (Income, Expenses, Claims, Technical Result, Financial Result, and Final Result)

PREMIUM REPORT    

This report aims to provide a perspective on the performance of the local insurance industry looking at its structure as well as provide a review of the performance and forecast scenarios (optimistic, pessimistic and most likely) by business lines. 

The research studies the local Insurance Market, analyzes the Life and non-Life Insurance development status, competitive landscape and forecast in the country. 

Additionally, the report shows the behavior of insurance penetration, density and depth over the course of the last decade.  

INSURANCE MARKET STRUCTURE 2011-2024.09 | 2024.12e-2026e 

Size, growth and market structure
Premium volume evolution, Local currency
Premium volume evolution, USD
Insurance adoption: people with insurance
Insurance density: premiums per capita (USD)
Insurace penetration: premiums to GDP ratio

BUSINESS LINES ANALYSIS 2011-2024.09 | 2024.12e-2025e

Life insurance business lines performance
Non-Life insurance business lines performance

MARKET ANALYSIS

Insurers competitive performance by business line analysis

INSURER´S FINANCIAL STATEMENTS

- Net Written Premiums
- Gross Written Premiums
- Returns and Cancellations
- Ceded Premiums
- Retained Premiums
- Change in Reserves
- Net Change in Technical Reserves for Ongoing Risks
- Mathematical Reserves and Investment-linked Reserves
- Unearned Premium
- Net Change in Provisions for Technical Reserves
- Provision Reserves
- Catastrophic Reserve
- Claims and Expense Margin
- Claims Cost
- Net Claims Cost
- Net Reinsurance/Retrocession Recoveries
- Retained Claims
- Operational Expenses
- Issuance Costs
- Acquisition Cost
- Other Acquisition Expenses
- Excess of Loss Costs
- Administrative and General Expenses
- Policy Issuance Fees
- Reinsurance and Retrocession Commissions and Participation
- Technical Profit or Loss
- Financial Income
- Other Financial Income
- Financial Expenses
- Other Financial Expenses
- Gains from Valuation of Financial Instruments and Asset Sales
- Foreign Exchange Income
- Foreign Exchange Expenses
- Other Income
- Other Expenses
- Profit or Loss before Income Tax and Participation
- Income Tax Expense
- Results from Subsidiaries, Associates, and Joint Ventures
- Net Profil or Loss / Net final result 

FORECAST AND MARKET PROJECTIONS SCENARIOS 2024e-2026e

Alternative forecast scenarios (most likely, pessimistic, optimistic) by business line

BUSINESS LINES: 

INDIVIDUAL LIFE / GROUP-COLLECTIVE LIFE
HEALTH
PERSONAL ACCIDENTS
FIRE AND ALLIED LINES
VEHICLES
TRANSPORT
CREDIT
AGRICULTURAL
CIVIL LIABILITY
SURETY
BANK INSURANCE
UNEMPLOYMENT
MANDATORY INSURANCE 
MICROINSURANCE
TECHNICAL RISKS
MULTIRISK

COMPANIES: 
SEGUROS LAFISE
INISER
AMERICA
ASSA
MAPFRE NICARAGUA