Facing extreme risks from natural disasters, as a result of the country’s location on the geological “Ring of Fire”, insurance is a much-needed service in Papua New Guinea. PNG has frequent earthquakes and is home to a number of active volcanoes. The city of Rabaul was destroyed by volcanic eruptions in 1934 and again in 1994. In 2014, one of...
Due to several factors, Papua New Guinea is one of the least insured countries in the world. It is estimated that premiums comprise just 1.4% of GDP, according to the Pacific Financial Inclusion Programme (PFIP). Other regional competitors and peers have significantly higher rates. The PFIP puts Fiji, for example, at 3.6%. Swiss Re, which does...
THE COMPANY: Newcrest Mining (NCM) is one of the world’s largest gold mining companies and operates mines in four countries, with a global workforce of around 10,000. NCM’s strategy is to build a portfolio of predominantly long-life, low-cost gold assets that can remain profitable...
THE COMPANY: New Guinea Islands Produce Agmark (NGIP Agmark) is a diversified agri-business based in Papua New Guinea and operating plantations, coastal shipping, hardware, machinery, trucking and agricultural supply businesses. NGIP Agmark is PNG’s leading cocoa company, as the...
THE COMPANY: Oil Search (OSH) is engaged in oil and gas exploration in Papua New Guinea, as well as in Yemen, Iraq and Tunisia. OSH’s key projects in PNG include the PNG liquefied natural gas (LNG) project, three oil projects (Greater Moran, Gobe and SE Menanda), and the Hides gas-to-...
A projected rise in home ownership and increasing demand for private health coverage are among the forces expected to drive growth in Papua New Guinea’s insurance sector. However, competitive pressures and global risks may also hamper the industry throughout 2015-16. Though the number of registered insurers is small, the market relatively...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×