Please note that these publications are intended for use by market practitioners (Lloyd's managing agents) only. They are provided for information only and no representation is made as to their completeness or accuracy.
Please email lita@lloyds.com or call +44 (0)20 7327 6677 for a password.Brief - Colombia (July 2008)
With an improving security situation and the encouragement of foreign direct investment, Colombia is still risky but has a promising business environment. Among the opportunities, commodity markets as well as niche segments should provide potential growth areas for Lloyd's to explore.
Download Brief - Colombia (407KB, pdf)
Argentina (March 2008)
Market Intelligence explores the third-largest market in Latin America. Recovering from a financial crisis in 2001, the market is now growing fast. Non-life insurance currently has low penetration in Argentina, however, this may suggest an opportunity for future growth.
Download Brief - Argentina (354KB, pdf)
Australia (March 2008)
In recent years, strong economic growth in Australia has translated into good insurance market profitability. However, the Australian market is significantly influenced by global insurance and reinsurance conditions.
Download Brief - Australia (436KB, pdf)
Ireland (January 2008)
Ireland has experienced dramatic growth during the last decade driving the insurance market. The establishment of the Irish Financial Services Centre has led to Dublin becoming an important financial centre. This brief provides a broader context to the country's business and insurance environment.
Download Brief - Ireland (343KB, pdf)
Chile (December 2007)
As Lloyd's is now approved to transact marine, aviation, and transport of international goods business, this brief provides a broader context to the country's business and insurance environment.
Download Brief - Chile (366KB, pdf)
Japan (December 2007)
This is a comprehensive overview of the business environment, insurance environment and Lloyd's business in Japan, with a brief look at keiretsu, Kyosai, reinsurance and Lloyd's Japan Inc.
Download Brief - Japan (562KB, pdf)Bulgaria (October 2007)
Bulgaria has made significant progress towards becoming market-oriented, but challenges remain. The current economic boom is reflected in the insurance market and Lloyd's business is growing well.
Download Brief - Bulgaria (350KB, pdf)
Brazil (Update August 2007)
With the liberalisation of its reinsurance market, Brazil’s insurance sector is on the verge of significant change.
Download Brief - Brazil (839KB, pdf)
Romania (August 2007)
Romania has made significant progress towards becoming a market-oriented economy. While challenges remain, premium growth in the insurance market at large and for Lloyd's has been strong.
Download Brief - Romania (343KB, pdf)
Hungary (August 2007)
The integration of the Hungarian economy with the rest of the EU is fostering economic growth. There may be more niche opportunities for Lloyd's in specialist classes, despite increasing competition.
Download Brief - Hungary (313KB, pdf)
Czech Republic (July 2007)
Whilst growth has been occurring in the Czech economic and insurance environments, the non-life market is expected to stagnate or decline in the immediate future.
Download Brief - Czech Republic (473KB, pdf)
Poland (July 2007)
The Polish economy is returning to strong growth driven by a number of high performing sectors. Lloyd's has been taking advantage of this growing market with considerable growth in premiums.
Download Brief - Poland (476KB, pdf)
Austria (June 2007)
Austria's integration with the European Union is encouraging Austrian insurance companies to grow and to spread eastwards. As such, Lloyd's is focusing on niche lines of Austrian insurance business.
Download Brief - Austria (367KB, pdf)
South Korea (June 2007)
South Korea is one of the most advanced economies and insurance markets in Asia. The desire to remain competitive is driving regulatory reform and could provide further opportunities for foreign insurers.
Download Brief - South Korea (292KB, pdf)
Vietnam (May 2007)
Vietnam's transition to a more liberalised regime has brought major changes to the insurance market. A focus on MAT has enabled Lloyd's Vietnamese business to thrive during this period of change.
Download Brief - Vietnam (394KB, pdf)
Latin America (April 2007)
This brief highlights key trends for the Latin American insurance market.
Download Brief - Latin America (185KB, pdf)
Denmark (March 2007)
The Danish economy is currently showing strong growth in a diverse range of high-performance sectors. Following a peak in 2004, Denmark's insurance market is demonstrating only negligible growth.
Download Brief - Denmark (349KB, pdf)
Finland (March 2007)
Finland has made impressive economic strides in recent years, however the Finnish insurance market is the least developed and second smallest within the Nordic region.
Download Brief - Finland (328KB, pdf)
Iceland (March 2007)
Iceland's small economy has been pushed into the limelight with rapid economic growth. This growth is reflected in the Icelandic insurance market, which experienced record-making profits in 2005.
Download Brief - Iceland (240KB, pdf)
Norway (March 2007)
The Norwegian economy remains robust due to its high-performance sectors, particularly oil and gas. Demand in Norwegian insurance is currently dampened as the market hardens.
Download Brief - Norway (393KB, pdf)
Sweden (March 2007)
With the recent election of a new government, Sweden is reportedly set to make historic economic changes. Sweden's insurance market is the largest and fastest growing within the Nordic region.
Download Brief - Sweden (348KB, pdf)
Mexico (January 2007)
Having implemented major reforms, Mexico's economy now compares favourably with most of Latin America. However, there is still a large development gap between Mexico and other developed economies.
Download Brief - Mexico (616KB, pdf)
Bahrain (August 2006)
Bahrain has the freest economy in the Middle East with a comparatively developed insurance sector.
Download Brief - Bahrain (847KB, pdf)
Iran (August 2006)
Despite economic sanctions, Iran's economy has experienced strong growth which is reflected in the insurance market.
Download Brief - Iran (355KB, pdf)
Kuwait (August 2006)
Kuwait's economic growth is being supported by high oil prices and its role as a gateway into Iraq. The insurance sector, however, remains underdeveloped.
Download Brief - Kuwait (408KB, pdf)
Oman (August 2006)
With small oil reserves Oman's focus is on diversification, although the insurance sector remains underdeveloped.
Download Brief - Oman (213KB, pdf)
Qatar (August 2006)
Economic growth is fueling growth in Qatar's insurance market. Competition is high and consolidation of local companies seems likely.
Download Brief - Qatar (415KB, pdf)
Saudi Arabia (August 2006)
New legislation has brought uncertainty to the Saudi Arabian insurance market although high growth makes it an attractive market.
Download Brief - Saudi Arabia (383KB, pdf)
United Arab Emirates (August 2006)
Despite strong economic growth, structural factors have restricted insurance market growth in the United Arab Emirates.
Download Brief - United Arab Emirates (491KB, pdf)
Italy (April 2006)
Despite poor economic performance, Italy's non-life sector has shown strong premium growth over recent years. This growth is centred in non-motor classes and reflects the relatively under-developed status of the market. Lloyd's has positioned itself to take advantage of this growth.
Download Brief - Italy (214KB, pdf)
Spain (March 2006)
Spain’s economy continues to outperform other developed European economies in terms of economic growth. Growing internationalisation of the Spanish business community in conjunction with continued growth in the value of assets are likely to provide further growth opportunities for non-life insurance.
Download Brief - Spain (193KB, pdf)
South Africa (February 2006)
South Africa's economy is growing consistently, fuelling a consumer boom which has positive implications for the insurance industry.
Download Brief - South Africa (306KB, pdf)
Germany (February 2006)
Germany's economy is on the way towards recovery. The country's insurance sector is becoming increasingly competitive, which may offer Lloyd's opportunities for future growth.
Download Brief - Germany (282KB, pdf)
Hong Kong SAR (July 2005)
Hong Kong SAR, with relatively low levels of regulation, has the highest concentration of insurance market players in Asia.
Download Brief - Hong Kong SAR (144KB, pdf)
Singapore (June 2005)
Premium growth in Singapore has slowed in recent years in line with slower GDP growth.
Download Brief - Singapore (140KB, pdf)
France (June 2005)
The French non-life insurance market closely follows the trends in the global market.
Download Brief - France (139KB, pdf)
South Korea (May 2005)
South Korea’s insurance market is being gradually deregulated with increased competition expected from bancassurance.
Download Brief - South Korea (139KB, pdf)
India (May 2005)
Growth in premium income in India is driven by a huge population, growing economic importance and liberalising regulatory regimes.
Download Brief - India (191KB, pdf)
Australia (May 2005)
Non-life premium growth is driven by high levels of litigation in this service-driven, developed economy.
Download Brief - Australia (180KB, pdf)
Please email lita@lloyds.com or call +44 (0)20 7327 6677 if you have any queries regarding these downloads.
