The Insurance Industry in Mongolia, Key Trends and Opportunities to 2022
Region:Asia
Product Code:GDIS1710MR
July 2018
105
About the Report
The Insurance Industry in Mongolia, Key Trends and Opportunities to 2022
Summary
GlobalData's "The Insurance Industry in Mongolia, Key Trends and Opportunities to 2022" report provides detailed analysis of the market trends, drivers and challenges in the Mongolian insurance industry.
It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Mongolian economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Inside this report, we look at the top themes, its predictions and identify winners and losers.
The report provides in-depth market analysis, information and insights into the Mongolian insurance industry, including-
- The Mongolian insurance industry's growth prospects by segment and category
- A comprehensive overview of the Mongolian economy and demographics
- Details of the competitive landscape in the Mongolian insurance industry
- The various distribution channels in the Mongolian insurance industry
- Details of regulatory policy applicable to the Mongolian insurance industry
- Analysis of natural hazards in the Mongolian insurance industry.
Scope
- 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 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
- It offers a detailed analysis of the key segments in the Mongolian insurance industry, with market forecasts to 2022.
- It covers an exhaustive list of parameters, including written premium and claims.
- It analyzes the various distribution channels in Mongolia.
- 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 market data related to the Mongolian insurance industry and each segment and category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Mongolian insurance industry.
- Assess the competitive dynamics in the Mongolian insurance industry.
- Identify the growth opportunities and market dynamics in key segments.
- Gain insights into key regulations governing the Mongolian insurance industry and their impact on companies and the industry's future.
Scope of the Report
Products
Companies
Mongol Insurance LLC
Bodi Insurance LLC
ARD Insurance LLC
MIG Insurance LLC
Tenger Insurance LLC
Ger Insurance LLC
Monre Insurane LLC
Munkh Insurance LLC
Mandal General Insurance LLC
National Life Insurance LLC
Monnis Insurance LLC
Gan Zam Insurance LLC
Nomin Insurance LLC
Practical lnsurance LLC
Soyombo Insurance LLC
Ulaanbaatar City Insurance LLC
Khaan Insurance LLC
Table of Contents
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Gross written premium
4.1.2 Insurance density
5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Gross written premium
5.1.2 Penetration
5.1.3 Assets and investments
5.2 Individual Life Insurance
5.2.1 Gross written premium
5.2.2 Penetration
5.3 Pension Insurance
5.3.1 Gross written premium
5.3.2 Penetration
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Gross written premium
6.1.2 Penetration
6.1.3 Loss ratio
6.1.4 Assets and investments
6.2 Property Insurance
6.2.1 Gross written premium
6.2.2 Penetration
6.3 Motor Insurance
6.3.1 Gross written premium
6.3.2 Penetration
6.4 Liability Insurance
6.4.1 Gross written premium
6.4.2 Penetration
6.5 Financial Lines Insurance
6.5.1 Gross written premium
6.5.2 Penetration
6.6 Marine, Aviation and Transit Insurance
6.6.1 Gross written premium
6.6.2 Penetration
6.7 Personal Accident and Health Insurance
6.7.1 Gross written premium
6.7.2 Penetration
7 Reinsurance Outlook
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Extreme Temperature
9.4 Earthquakes
9.5 Wildfires
9.6 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Mongol Insurance LLC-company overview
10.1.2 Bodi Insurance LLC-company overview
10.1.3 ARD Insurance LLC-company overview
10.1.4 MIG Insurance LLC-company overview
10.1.5 Tenger Insurance-company overview
11 Governance, Risk and Compliance
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life insurance
11.3.2 Property insurance
11.3.3 Motor insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Workmen's compensation insurance
11.4.2 Motor third-party liability insurance
11.4.3 Deposit insurance
11.4.4 Liability insurance for ships with respect to oil pollution
11.4.5 Health insurance
11.4.6 Social insurance
11.4.7 Seed crop insurance
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 The Financial Regulatory Commission (FRC)
11.5.3 Mongolian Insurers Association (MIA)
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution
12 Databook
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Assets and investments
12.1.4 Individual life insurance
12.1.5 Individual life insurance by category
12.2 General Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Assets and investments
12.2.4 Property insurance
12.2.5 Property insurance by category
12.2.6 Motor insurance
12.2.7 Motor insurance by category
12.2.8 Liability insurance
12.2.9 Financial lines insurance
12.2.10 Marine, aviation and transit insurance
12.2.11 Marine, aviation and transit insurance by category
12.2.12 Personal accident and health insurance
12.2.13 Personal accident and health insurance by category
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About GlobalData
14.1 Contact GlobalData
14.2 About GlobalData
14.3 GlobalData's Services
14.4 Disclaimer
Research Methodology
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