How would you assess the sophistication of the insurance market in Papua New Guinea and the scope for more complex products?
Financial Services
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Interviews & Viewpoints | Matthew Kearns, General Manager, QBE Insurance: Interview from The Report: Papua New Guinea 2017
Articles & Analysis | Reforms and a shrinking market characterise insurance sector in PNG from The Report: Papua New Guinea 2017
Insurance in Papua New Guinea remains a sector of significant opportunity. With a low penetration rate – estimated at under 2% – and the overall economy set for rapid growth as a result of ExxonMobil’s liquefied natural gas (LNG) project, demand is projected to increase over time. Other trends and events also suggest good prospects. A new...
Articles & Analysis | Insurers in PNG examine ways to penetrate rural communities from The Report: Papua New Guinea 2017
Papua New Guinea’s insurance sector has considerable potential, not only in terms of growth in the more traditional urban, commercial and industrial markets, but also because the country has so many people who have never had exposure to insurance of any kind. As marketing, distribution and design are improved, take-up by lower-income...
Interviews & Viewpoints | Richard Borysiewicz, General Manager, BSP Capital: Interview from The Report: Papua New Guinea 2017
Articles & Analysis | Benchmark stock index climbs from recent lows in PNG from The Report: Papua New Guinea 2017
After a flurry of activity in 2015, including a dual-listing initial public offerings (IPO), a key stock returning to the exchange after suspension and the writing of a series of major reforms, Papua New Guinea’s capital markets are rebounding. The benchmark stock index started to climb again in 2016 and continued to do so through early 2017,...
Articles & Analysis | Yields across a range of maturities remain stable from The Report: Papua New Guinea 2017
The amount of debt held by the national government of Papua New Guinea continued to increase in 2016, following consecutive budget deficits posted since 2012. As a result, the government has accessed the domestic and international markets to fund the deficit. However, according to the 2017 national budget, the debt-to-GDP ratio, which was 34.5...