Industry Dynamics and Competitive Landscape in the Chilean Life Insurance Industry to 2016: Market Profile

Timetric, August 2012, Pages: 98

Synopsis
The report provides market analysis, information and insights into the Chilean life insurance market, including:
- A description of the life insurance market in Chile
- The Chilean life insurance market’s growth prospects
- The competitive landscape in the Chilean life insurance market

Summary
The Chilean life insurance segment accounted for the largest share of XX% of the total written premiums in 2011, valuing CLPXX trillion (US$XX billion), after registering a CAGR of XX% during the review period.

The Chilean life insurance segment is composed of two groups: Individual and Group, with Individual accounting for a XX% stake of total life insurance premiums in 2011 and Group accounting for the remaining share of XX%. The segment is led by Metlife Chile Seguros de Vida, a leading foreign insurance service provider, which accounted for a XX% market share in 2011 with a gross written premium income of CLPXX billion (US$XX million).

Scope
This report provides a comprehensive analysis of the life insurance market in Chile:
- It provides historical values for Chile’s insurance industry market size for the report’s 2007–2011 review period and forecast figures for the 2011–2016 forecast period
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Chile for the life insurance business
- It profiles the top life insurance companies in Chile and outlines the key regulations affecting them
- It provides a comprehensive analysis of the business environment and country risk for Chile

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to the Chilean insurance industry and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Chilean insurance industry
- Develop market-entry strategies by understanding the key market opportunities
- Assess the competitive dynamics in the Chilean life insurance market
- Identify key operators in the Chilean insurance industry, along with profiles on those companies

Key Highlights
NA

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 Chilean Insurance Industry Attractiveness
2.1 Insurance Industry Segment Size, 2007–2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments
3 Regulatory Policies
4 Porter’s Five Forces Analysis – Chile Life Insurance
4.1 Bargaining Power of Supplier: Medium
4.2 Bargaining Power of Buyer: Low to Medium
4.3 Barriers to Entry: Medium
4.4 Intensity of Rivalry: Medium
4.5 Threat of Substitutes: Low to Medium
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the Chilean Life Insurance Segment
5.3 Comparison of Leading Five Insurers
5.3.1 Gross written premium
5.3.2 Outward reinsurance expense
5.3.3 Gross claims
5.3.4 Paid claims
5.3.5 Pre tax profit/loss
5.3.6 Total assets
5.3.7 Total investment income
5.4 Metlife Chile Seguros de Vida – Company Overview
5.4.1 Metlife Chile Seguros de Vida – key facts
5.4.2 Metlife Chile Seguros de Vida – key financials
5.5 Consorcio Nacional de Seguros S.A. – Company Overview
5.5.1 Consorcio Nacional de Seguros S.A. – key facts
5.5.2 Consorcio Nacional de Seguros S.A. – key financials
5.6 Compañía De Seguros Corpvida S.A. – Company Overview
5.6.1 Compañía De Seguros Corpvida S.A. – key facts
5.6.2 Compañía De Seguros Corpvida S.A. – key financials
5.7 Compañía de Seguros de Vida Cruz Del Sur S.A. – Company Overview
5.7.1 Compañía de Seguros de Vida Cruz Del Sur S.A. – key facts
5.7.2 Compañía de Seguros de Vida Cruz Del Sur S.A. – key financials
5.8 Chilena Consolidada Seguros De Vida S.A. – Company Overview
5.8.1 Chilena Consolidada Seguros De Vida S.A. – key facts
5.8.2 Chilena Consolidada Seguros De Vida S.A. – key financials
5.9 BICE Vida Compañía de Seguros S.A. – Company Overview
5.9.1 BICE Vida Compañía de Seguros S.A. – key facts
5.9.2 BICE Vida Compañía de Seguros S.A. – key financials
5.10 Principal Compañía de Seguros de Vida Chile S.A. – Company Overview
5.10.1 Principal Compañía de Seguros de Vida Chile S.A. – key facts
5.10.2 Principal Compañía de Seguros de Vida Chile S.A. – key financials
5.11 Santander Seguros de Vida S.A. – Company Overview
5.11.1 Santander Seguros de Vida S.A. – key facts
5.11.2 Santander Seguros de Vida S.A. – key financials
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Segment capitalization trend – Santiago Stock Exchange (SSE), Chile
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollar)
6.2.2 GDP per capita at constant prices (US dollar)
6.2.3 GDP at current prices (US dollar)
6.2.4 GDP per capita at current prices (US dollar)
6.2.5 GDP by key segments
6.2.6 Agricultural net output at current prices (CLP)
6.2.7 Agricultural net output at current prices (US dollar)
6.2.8 Agricultural net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (CLP)
6.2.10 Manufacturing net output at current prices (US dollar)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (CLP)
6.2.13 Mining, manufacturing and utilities at current prices (US dollar)
6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.15 Construction net output at current prices (CLP)
6.2.16 Construction net output at current prices, (US dollar)
6.2.17 Construction net output at current prices as a percentage of GDP
6.2.18 Inflation rate
6.2.19 Current account balance as a percentage of GDP
6.2.20 Exports as a percentage of GDP
6.2.21 Imports as a percentage of GDP
6.2.22 Exports growth
6.2.23 Imports growth
6.2.24 Annual average exchange rate US$–CLP
6.2.25 End-of-period exchange rate US$–CLP
6.3 Infrastructure Quality and Availability
6.3.1 Total airports and sea ports
6.3.2 Railways and roadways
6.3.3 Vehicle production volume
6.3.5 Automotive component exports trend
6.3.6 Automotive component imports trend
6.3.7 Passenger car penetration
6.3.8 Healthcare expenditure
6.3.9 Healthcare expenditure as a percentage of GDP
6.3.10 Healthcare expenditure per capita
6.3.11 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Females as a percentage of the total population
6.5.6 Males as a percentage of the total population
6.5.7 Mean age of the population
6.5.8 Median age of population
6.5.9 Population density
6.5.10 Age distribution of the total population
6.5.11 Age distribution of the male population
6.5.12 Age distribution of the female population
6.5.13 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism index
6.6.3 Transparency index
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Chilean Insurance Overall Written Premium by Segment (CLP Billion), 2007–2011
Table 3: Chilean Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Chilean Insurance Overall Written Premium by Segment (CLP Billion), 2011–2016
Table 5: Chilean Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Chilean Insurance Segmentation (% Share), 2007–2016
Table 7: Chilean Life Insurance Market Share, 2007–2011
Table 8: Metlife Chile Seguros de Vida, Key Facts
Table 9: Metlife Chile Seguros de Vida, Key Financials (CLP Thousands)
Table 10: Consorcio Nacional de Seguros S.A., Key Facts
Table 11: Consorcio Nacional de Seguros S.A., Key Financials (CLP Thousands)
Table 12: Compañía De Seguros Corpvida S.A., Key Facts
Table 13: Compañía De Seguros Corpvida S.A., Key Financials (CLP Thousands)
Table 14: Compañía de Seguros de Vida Cruz Del Sur S.A., Key Facts
Table 15: Compañia de Seguros de Vida Cruz Del Sur S.A., Key Financials (CLP Thousands)
Table 16: Chilena Consolidada Seguros De Vida S.A., Key Facts
Table 17: Chilena Consolidada Seguros De Vida S.A., Key Financials (CLP Thousands)
Table 18: BICE Vida Compañía de Seguros S.A., Key Facts
Table 19: BICE Vida Compañía de Seguros S.A., Key Financials (CLP Thousands)
Table 20: Principal Compañía de Seguros de Vida Chile S.A, Key Facts
Table 21: Principal Compañía de Seguros de Vida Chile S.A., Key Financials (CLP Thousands)
Table 22: Santander Seguros de Vida S.A., Key Facts
Table 23: Santander Seguros de Vida S.A., Key Financials (CLP Thousands)

List of Figures
Figure 1: Chilean Insurance Overall Written Premium by Segment (CLP Billion), 2007–2016
Figure 2: Chilean Insurance Dynamics by Segment, 2007–2016
Figure 3: Chilean Life Insurance – Five Forces Analysis
Figure 4: Chilean Life Insurance – Market Share (%) 2007 and 2011
Figure 5: Life Insurance Gross Written Premium, Leading Five Chilean Life Insurers, 2011
Figure 6: Life Insurance Outward Reinsurance Expense, Leading Five Chilean Life Insurers, 2010–2011
Figure 7: Life Insurance Gross Claims, Leading Five Chilean Life Insurers, 2010–2011
Figure 8: Life Insurance Paid Claims, Leading Five Chilean Life Insurers, 2010–2011
Figure 9: Life Insurance Pretax Profit/Loss, Leading Five Chilean Life Insurers, 2010–2011
Figure 10: Life Insurance Total Assets, Leading Five Chilean Life Insurers, 2010–2011
Figure 11: Life Insurance Total Investment Income, Leading Five Chilean Life Insurers, 2010–2011
Figure 12: Santiago Stock Exchange (SSE) Segment Capitalization (US$ Billion), 2007–2011
Figure 13: Chilean GDP at Constant Prices (US$ Billion), 2007–2011
Figure 14: Chilean GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 15: Chilean GDP at Current Prices (US$ Billion), 2007–2011
Figure 16: Chile GDP Per Capita at Current Prices (US$), 2007–2011
Figure 17: Chile GDP by Key Segments (%) 2009 and 2011
Figure 18: Chilean Agricultural Net Output at Current Prices (CLP Billion), 2007–2011
Figure 19: Chile Agricultural Net Output at Current Prices (US$ Billion), 2007–2011
Figure 20: Chilean Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 21: Chilean Manufacturing Net Output at Current Prices (CLP Billion), 2007–2011
Figure 22: Chilean Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 23: Chilean Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 24: Chilean Mining, Manufacturing and Utilities Net Output at Current Prices (CLP Billion), 2007–2011
Figure 25: Chile Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 26: Chilean Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 27: Chilean Construction Net Output at Current Prices (CLP Billion), 2007–2011
Figure 28: Chilean Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 29: Chile Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 30: Chilean Inflation Rate (%), 2007–2011
Figure 31: Chilean Current Account Balance as a Percentage of GDP(%), 2007–2011
Figure 32: Chilean Exports as a Percentage of GDP (%), 2007–2011
Figure 33: Chilean Imports as a Percentage of GDP (%), 2007–2011
Figure 34: Chilean Exports Growth (%), 2007–2011
Figure 35: Chilean Imports Growth (%), 2007–2011
Figure 36: Chilean Annual Average Exchange Rate US$–CLP, 2007–2011
Figure 37: Chilean End-of-Period Exchange Rate US$–CLP, 2007–2011
Figure 38: Chilean Airports and Sea Ports (Number), 2011
Figure 39: Chilean Railways and Roadways (Kilometers), 2011
Figure 40: Chilean Vehicle Production, 2007–2011
Figure 41: Chilean Automotive Component Exports (US$ Million), 2007–2011
Figure 42: Chilean Automotive Component Imports (US$ Million), 2007–2011
Figure 43: Chilean Passenger Car Penetration (Per Thousand People), 2007–2011
Figure 44: Chilean Healthcare Expenditure (US$ Billion), 2007–2011
Figure 45: Chilean Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 46: Chilean Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 47: Chilean Internet Subscriptions (Million), 2007–2011
Figure 48: Chilean Size of Labor Force in 15–59 Age Group (Million), 2007–2011
Figure 49: Chilean Unemployment Rate (%), 2007–2011
Figure 50: Chilean Annual Disposable Income (US$ Billion), 2007–2011
Figure 51: Chilean Annual Per Capita Disposable Income (US$), 2007–2011
Figure 52: Chilean Total Population (Million), 2007–2011
Figure 53: Chilean Urban and Rural Population (%), 2007–2011
Figure 54: Chilean Females as a Percentage of the Total Population (%), 2007–2011
Figure 55: Chilean Males as a Percentage of the Total Population (%), 2007–2011
Figure 56: Mean Age of Chilean Population, 2007–2011
Figure 57: Median Age of Chilean Population, 2007–2011
Figure 58: Chilean Population Density (per Square Kilometer), 2007–2011
Figure 59: Chilean Population Distribution by Age (%), 2007–2011
Figure 60: Chilean Male Population Distribution by Age (%), 2007–2011
Figure 61: Chilean Female Population Distribution by Age (%), 2007–2011
Figure 62: Chilean Households, Number of (Million), 2007–2011
Figure 63: Global Terrorism Heat Map, 2011
Figure 64: Chilean Transparency Index, 2007–2011

Metlife Chile Seguros de Vida
Consorcio Nacional de Seguros S.A
Compañía De Seguros Corpvida S.A
Compañía de Seguros de Vida Cruz Del Sur S.A
Chilena Consolidada Seguros De Vida S.A
BICE Vida Compañía de Seguros S.A
Principal Compañía de Seguros de Vida C

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