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The Insurance Industry In The Isle Of Man, Key Trends And Opportunities To 2017

638 words - 3 pages

The Insurance Industry in the Isle of Man, Key Trends and Opportunities to 2017
Aarkstore Enterprise (India), April 3rd , 2013: The report provides in depth market analysis, information and insights into the insurance industry in the Isle of Man, including:
• The Manx insurance industry’s growth prospects by insurance segments and categories
• The competitive landscape in the Manx insurance industry
• The current trends and drivers of the Isle of Man insurance industry
• The challenges facing the Isle of Man insurance industry
• The regulatory framework of the Isle of Man insurance industry

Summary

The Isle of Man is one of the leading offshore financial centers in the world. ...view middle of the document...

• Despite tough economic conditions, the Manx economy grew by 3.4% in real terms in 2012.
• The Manx government has taken incentives to diversify its economy to expand growth and employment opportunities.
• The key business opportunities include further development of high-technology companies such as space exploration and satellites, e-gaming, shipping, aircraft, and the film industry.
• The development of these new sectors is adding substantial value to economic growth and employment generation, and will drive demand for insurance products.
• The development of the EU’s Solvency II framework for insurers will have an impact on the island’s...

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