The insurance sector, like that of many emerging markets, is small, undersubscribed, poorly staffed and confusingly regulated. However, Mongolia’s growth story has driven annual premium growth of around 20%, and new initiatives should help the industry grow further. Motor insurance, for example, became mandatory on January 1, 2012. Eight firms dominate the sector, with legacy provider Mongolia...
Financial Services
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The banking sector has recovered from a financial crisis in 2008-09 that resulted from economic overheating and internal inflation. The sector is set to benefit from an influx of new mining projects, although the scale of the mining enterprises themselves far outstrips the available capital of all top banks combined. Instead, banks will focus on lending to service industries and to consumers who...
Chapter | Capital Markets from The Report: Mongolia 2012
Mongolia’s bourse is the focus of much investor interest, given its massive resource endowment and relative obscurity. In some ways, Mongolian stocks are proxy for Chinese securities, which are unavailable to foreigners; Chinese growth is directly linked to increased demand for Mongolian coal and other minerals. The barriers to investment in the Mongolian Stock Exchange are typical of a small...
The mineral wealth of Mongolia, a vast and isolated land, has brought the world to its doorstep. The country’s economy is one of the fastest growing in the world, and production from and investment in its two largest mines should see GDP growth continue to climb.
Economic update | Algérie : Dynamiser la bourse
14 Feb 2012
Au vu des premiers résultats prometteurs d’un programme de réforme des marchés de capitaux initié en mai 2011, l’Algérie cherche désormais à augmenter le nombre d’introductions à la Bourse d’Alger. Le pays, qui se positionne au sixième rang mondial en termes de réserves de gaz, inexploitées pour la plupart, répond d’ores et déjà à 30 % des besoins européens en gaz naturel.
Economic update | Oman: Primed for consolidation
9 Feb 2012
Speculation is mounting that Oman’s insurance sector will witness further mergers and acquisitions if margins remain tight in the coming year. While the introduction of sharia-compliant insurance is expected to drive expansion in the industry, questions remain about both the length of time it will take for insurers to develop new products and whether take up will meet expectations.