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
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...