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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Mongolian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Mongolia's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Mongolia non-life (P&C) market as well as trends by line of business. Axco analysts also report on Mongolia's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Mongolia's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Mongolia, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Mongolia, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Mongolia with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
There are two distinct markets in Ireland for Irish risk business - personal and commercial lines.
Results in 2019 for all classes of business improved markedly for most underwriters, one of which, the only fully Irish-owned company, declared a EUR 50mn (USD 54.48mn) profit and a higher than usual EUR 1 (USD 1.09) per share dividend. The euphoria was short-lived, however, as the COVID-19 crisis intervened, and EIOPA warned companies against dividend payouts ahead of potentially worsening claims ....
This is a brief extract of information; more updated information may be available in the latest published report.
