Maldives has a small insurance industry, serving a population of 393,988 in 2013. In the early 1980s, the country was among the world’s 20 poorest countries. However, as a result of rapid growth in tourism and fishing, the country grew into a middle-income economy with an annual per capita income of MVR118,439.0 (US$7,711.0) in 2013. The Maldivian economy is driven by tourism and fishing industries. The global financial and EU sovereign debt crises had little impact on the country’s tourism industry and overall economy. Maldivian GDP grew at a compound annual growth rate (CAGR) of 4.6% during the review period (2009–2013). The economy is expected to remain positive and register strong growth over the forecast period (2014–2018), supported by growth in tourism and improvement in the global economy. Browse Full Report @ http://www.researchmoz.us/the-insurance-industry-in-maldives-key-trends-and-opportunities-to-2018-report.html
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