The Insurance Industry in Suriname, Key Trends and Opportunities to 2018

Date: 2015-09

The Surinamese insurance industry grew at a review-period CAGR of 16.4%. This growth was driven by the life segment, with a CAGR of 18.9% during 2009โ€“2013. According to the World Bank 2014, the Surinamese insurance industry remained relatively unaffected by the global and European debt crises. Other factors contributing to this growth were the countryโ€™s relatively stable economic conditions and the governmentโ€™s expansionary economic policies, which had a positive effect on premium income during the review period. Personal accident and health insurance recorded the second-highest review-period CAGR of 16.1%. This was supported by increased demand for better healthcare services and the rising cost of healthcare.


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