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Mexico Insurance Report Q1 2013 - Product Image

Mexico Insurance Report Q1 2013

  • Published: November 2012
  • Region: Mexico
  • 81 pages
  • Business Monitor International


  • Allianz
  • BBVA
  • Company Profiles
  • GrupoSura
  • MAPFRE América
  • Monterrey New York Life
  • MORE

Key Insights And Key Risks

The Mexico Insurance Report considers the prospects for both life and non-life insurers in the country.

Recent developments continue to highlight both strengths and weaknesses. In the non-life segment,
premiums have grown at double-digit rates, in real terms, in most lines other than accident and health,
through H112. Life premiums have also grown at a respectable rate. For many insurers, profitability has improved as a result of tighter control of costs and losses and/or higher prices.

We doubt that there will be radical changes in the life segment unless and until: a) a sustained education programme effectively promotes life insurance and long term savings; b) shifts in the distribution of household incomes mean that there is a dramatic increase in the number of households that can afford to buy the offerings of the life insurance companies; and c) at least one of the major players develops an innovative product that captures the imagination of the masses. The rapid rise in micro-insurance in Brazil over the last 18 months or so provides an indication of what could be achieved.

In some markets, development of insurance is READ MORE >

Executive Summary 5
Table: Total Premiums, 2010-2017 5

Key Insights And Key Risks 5

SWOT Analysis 7

Mexico Insurance Industry SWOT 7

Mexico Political SWOT 8

Mexico Economic SWOT 8

Mexico Business Environment SWOT 9

Life Sector Overview 10

Latin America Life Sector Overview 10
Table: Latin America Life Premiums, 2010-2017 (US$mn) 10

Mexico’s Life Sector Update 11

Life Insurance Industry Forecast Scenario 13
Table: Life Premiums, 2010-2017 13

Growth Drivers And Risk Management Projections 14

Population 14
Table: Insurance Key Drivers, Demographics, 2010-2017 14

Non-Life Sector Overview 16

Latin America Non-Life Sector Overview 16
Table: Latin America Non-Life Premiums, 2010-2117 (US$mn) 16

Mexico Non-Life Sector Update 17

Non-Life Industry Forecast Scenario 19
Table: Non-Life Premiums, 2010-2017 19

Growth Drivers And Risk Management Projections 20

Macroeconomic Outlook 20
Table: Mexico – GDP By Expenditure, Current Prices Breakdown, 2008-2016 23

Political Stability Outlook 24
Table: Latin America Security Ratings 26

Healthcare 26

Epidemiology 28
Table: Insurance Key Drivers, Disability-Adjusted Life Years, 2010-2017 29

Motor 31

Insurance Risk/Reward Ratings 32
Table: Mexico’s Insurance Risk/Reward Ratings 32
Table: Latin America Insurance Risk/Reward Ratings 33

Competitive Landscape 34

Latin America Competitive Landscape 34

Major Players In Mexico’s Insurance Sector 37

Company Profiles 39

Allianz 39

AXA Seguros SA de CV 42


Banorte-Generali Banca de Ahorro y Previsión 46

BNP Paribas Cardif 48

GNP 51

GrupoSura 52

Inbursa Seguros 54

MAPFRE América 56

MetLife 58

QBE Insurance Group 61

Quálitas Compañía de Seguros SAB de CV 64

RSA 66

Monterrey New York Life 68

Zurich Santander Insurance America 70

Country Snapshot 73
Table: Population By Age Group, 1990-2020 (‘000) 74
Table: Population By Age Group, 1990-2020 (% of total) 75
Table: Key Population Ratios, 1990-2020 76
Table: Rural/Urban Population Split, 1990-2020 76

BMI Methodology 77

Insurance Risk/Reward Ratings 78
Table: Insurance Risk/Reward Ratings Indicators And Rationale 79
Table: Weighting Of Indicators 80

Company Profiles
AXA Seguros SA de CV
Banorte-Generali Banca de Ahorro y Previsión
BNP Paribas Cardif
Inbursa Seguros
MAPFRE América
QBE Insurance Group
Quálitas Compañía de Seguros SAB de CV
Monterrey New York Life
Zurich Santander Insurance America

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