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Argentina Insurance Report Q1 2016

  • ID: 3511261
  • December 2015
  • Region: Argentina
  • 57 pages
  • Business Monitor International
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FEATURED COMPANIES

  • Grupo La Caja
  • Grupo Sancor Seguros
  • MAPFRE Argentina
  • QBE Insurance Group
  • Zurich Argentina
  • MORE

Argentina's insurance sector is feeling the effects of the economic headwinds currently buffeting the country, as both life and non-life insurers continue to find their earning power eroded by high inflation and depreciation of the Argentine peso. However, we see a number of positives for the industry over the next few years as economic output accelerates and a thawing consumer environment drives spending on motor insurance and other personal covers. In the life segment a robust market for group policies is emerging, which should support growth in premiums in absolute terms over the next few years. Nevertheless, we maintain our view that the operating environment for insurers will remain extremely challenging for the foreseeable future and will therefore see limited interest from new entrants and investors.

- In October 2015, it was reported that Argentina's insurance industry was considering taking legal action against the government following a ruling enforced by the insurance regulator requiring companies to sell USD denominated or linked bonds. The move is part of wider efforts by the government to limit the amount of foreign currency assets local companies hold in order to shore up the Argentine peso, which has suffered significant depreciation over recent months. The ongoing impact of this currency market fluctuation continues to be felt across the insurance industry. Companies are battling the effects of high inflation on claims levels and overheads by passing on READ MORE >

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Grupo La Caja
  • Grupo Sancor Seguros
  • MAPFRE Argentina
  • QBE Insurance Group
  • Zurich Argentina
  • MORE

Table: Headline Insurance Forecasts (Argentina 2012-2019)

SWOT

Insurance

Industry Forecast

Life Premiums Forecast
Table: Life Premiums (Argentina 2012-2019)
Table: Life Insurance Claims (Argentina 2007-2014)

Non-Life Premiums Forecast
Table: Non-Life Premiums (Argentina 2012-2019)
Table: Non-Life Insurance Claims (Argentina 2008-2014)

Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Argentina 2012-2019)

Insurance Risk/Reward Index

Latin America Insurance Risk/Reward Index
Table: Latin America and the Caribbean Insurance Risk/Reward Index

Market Overview

Life Market Overview

The Product Offering

The Competitive Landscape
Table: Life insurance market shares (USDmn), 2012-2014

Non-Life Market Overview

The Product Offering

The Competitive Landscape
Table: Non-Life Market Share (USDmn) 2012-2014

Company Profile

Grupo La Caja

Grupo Sancor Seguros

MAPFRE Argentina

QBE Insurance Group

Zurich Argentina

Methodology

Industry Forecast Methodology

Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

Note: Product cover images may vary from those shown
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Grupo La Caja
Grupo Sancor Seguros
MAPFRE Argentina
QBE Insurance Group
Zurich Argentina

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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