|euraropisa||Data: Luni, 23.11.2015, 11:13:32 | Mesaj # 1|
|Thoughts On Mongolia Growth Group's Mandal Insurance Unit Mongolia Growth Group (OTCPK:MNGGF) was formed in December 2010. On June 20, 2011, a press |
release announced that their Mandal Insurance division was now the best
capitalized insurance company in Mongolia. This article is a follow up on my
November 25, 2011 article about Mongolia Growth Group's private placement, and
their real estate business.
How could Mongolia Growth Group become the bestcapitalized insurance company
in Mongolia in six months?
Mongolia Growth Group only needed $5 million to become the bestcapitalized
insurance company in Mongolia. The fact is that the penetration of the
moncler uk insurance market
todate in Mongolia is minimal.
To understand why there are not any major international insurance companies
opening an insurance business in Mongolia, consider that the size of the
population in Mongolia is about the population of Chicago. Now, take the
population of Chicago and spread that population over the size of a country a
little smaller than Alaska, and www.monclerstore.co.uk make the average
annual income less than $5,000, with those below the median annual wages earning
less than $3,600 per year. Add to that, a local language that is unique to the
country small market size.
For these reasons, no major fast food company (no McDonald no KFC) has
entered the Mongolian market, let alone a major international insurance company
making a footprint in the local market. The other side is that highend retail
stores such as Louis Vuitton, Dior, and Armani, have seen enough economic growth
and wealth creation in Mongolia that they have opened stores in Mongolia.
Why start an insurance company in Mongolia?
The first guiding investment principal of Mongolia Growth Group has two
parts. moncler uk sale
Part 1: The economy of moncler uk
outlet Mongolia is going to boom because it has significant untapped
resources that will cause Mongolia GDP to grow more than 10% per year for the
next 20 years.