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Latin American Emerging Insurance Markets - Global Strategic Business Report Product Image

Latin American Emerging Insurance Markets - Global Strategic Business Report

  • Published: March 2008
  • Region: Global, Latin America
  • 55 Pages
  • Global Industry Analysts, Inc

The Latin American Emerging Insurance Markets Report provides insightful analysis, market briefs and outlook of life and non-life insurance industries in select countries of the region. The report provides a compilation of recent mergers & acquisitions and other industry activities. The report also peeps into the recent past corporate developments within the insurance industry. A regional level discussion also looks into the leading companies’ footing in these markets along with their annual written premiums and/ or market shares. Markets briefly abstracted and covered in the report include Barbados, Bermuda, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Jamaica, Panama, Peru, Trinidad and Tobago, Uruguay, and Venezuela.

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1. Barbados ELA-1
Life Insurance Industry ELA-1
Table 1: Life Insurance Industry of Barbados (2003): Gross
Written Premium in US$ Million by Leading Companies for Life
of Barbados, CLICO International, Sagicor Life, British
American, American Life, Colonial Life, and Insurance
Corporation of Barbados (includes corresponding Graph/Chart) ELA-1
Non-Life Insurance Industry ELA-2
Table 2: Non-Life Insurance Industry of Barbados (2003):
Gross Written Premium in US$ Million by Leading Companies for
Insurance Corporation of Barbados, United Insurance, Barbados
Fire And Commercial, Caribbean Home Insurance, C.G.I.
Consumers Guarantee Ins. Co. Ltd., Clico International
General Insurance Ltd., Sagicor Life Inc., Co-Operators
General Insurance Co. Ltd., Trident Insurance, and NEM (West
Indies Insurance Limited) (includes corresponding
Graph/Chart) ELA-2

2. Bermuda ELA-3
Table 3: Bermuda Insurance Market: Gross Premiums Written and
Net Premiums Written in US$ Billion for Years 2001to 2004
(includes corresponding Graph/Chart) ELA-3
History of Insurance Market ELA-3
Market Leaders ELA-3
Table 4: Property & Casualty Insurance Industry of Bermuda
(2005 & 2006): Net Written Premium in US$ Billion for Select
Companies -ACE Limited, XL Capital, Everest Re, PartnerRe,
Arch Capital, Axis Capital, Aspen Insurance, Endurance
Specialty, Renaissance Re, Allied World Assurance, and Max Re
Capital Ltd (includes corresponding Graph/Chart) ELA-4

Table 5: Non-Life Insurance Industry of Bermuda (2003):
Written Premium in US$ Billion by Leading Companies for ACE,
XL Capital, Partner Re, Arch Capital, AXIS Capital, Endurance
Speciality, Allied World Assurance, Renaissance Re, Everest
Reinsurance and ALEA (includes corresponding Graph/Chart) ELA-4

3. Colombia ELA-5
Market Overview ELA-5
Table 6: Colombian Recent Past, Current & Future Analysis for
Insurance Industry by Segment - Life and Non-Life Markets
Independently Analyzed with Annual Premium Income in US$
Billion for the Years 2005 through 2009 (includes
corresponding Graph/Chart ELA-5

Table 7: Colombian 5-Year Perspective for Insurance Industry
by Segment - Percentage Breakdown of Premium Income for Life
and Non-Life Markets for 2005, 2007, and 2009 (includes
corresponding Graph/Chart) ELA-6
Life Insurance Industry ELA-6
Table 8: Colombian Life Insurance Industry (2004): Gross
Written Premium in US$ Million by Leading Companies for
Suramericana, Bolivar, Vidalfa, Colpatria, Colseguros,
Suratep, Royal & SunAlliance, BBVA, Colmena, and Mapfre
(includes corresponding Graph/Chart) ELA-6

Table 9: Leading Players in the Colombian Life Insurance
Industry (2003) - Gross Written Premium in US$ Million for
Suramericana, Bolivar, Vidalfa, Colpatria, and
Colseguros(includes corresponding Graph/Chart) ELA-7
Non-Life Insurance Industry ELA-7
Table 10: Leading Players in the Colombian Non-Life Insurance
Industry (2003) - Gross Written Premium in US$ Million for
Previsora, Colseguros, Liberty, Suramericana, and Estado
(includes corresponding Graph/Chart) ELA-7
Insurance in Colombia: A Historical Perspective ELA-8
Table 11: Insurance Industry in Colombia (1999 & 2000):
Leading Insurers Ranked by Gross Premiums Written (In US$
Million) (includes corresponding Graph/Chart) ELA-8

4. Costa Rica ELA-9
Table 12: Costa Rican Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life and Non-Life Markets
Independently Analyzed with Annual Premium Income in US$
Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) ELA-9

Table 13: Costa Rican 5-Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Markets for 2005, 2007, and 2009
(includes corresponding Graph/Chart) ELA-10

5. Dominican Republic ELA-11
Market Overview ELA-11
Table 14: Dominican Republic Recent Past, Current & Future
Analysis for Insurance Industry by Segment - Life and
Non-Life Markets Independently Analyzed with Annual Premium
Income in US$ Million for the Years 2005 through 2009
(includes corresponding Graph/Chart) ELA-11

Table 15: Dominican Republic 5-Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Markets for 2005, 2007, and 2009
(includes corresponding Graph/Chart) ELA-12
Life Insurance Market ELA-12
Table 16: Leading Players in the Life Insurance Industry of
Dominican Republic (2003) - Gross Written Premium in US$
Million for Seguros Popular, Segna, Colonial De Seguros, Cia
de Seguros Palic, and Seguros Banreservas (includes
corresponding Graph/Chart) ELA-12
Non-Life Insurance Market ELA-13
Table 17: Dominican Republic Non-Life Insurance Industry
(2003): Gross Written Premium in US$ Million by Leading
Companies for Seguros Popular, Seguros Banreservas, Segna,
Colonial de Seguros, Cia De Seguros Palic, PROSEGUROS,
Seguros Pepin, Monumential de Seguros, Union de Seguros, and
Confederacion del Canada (includes corresponding Graph/Chart) ELA-13

Table 18: Leading Players in the Non-Life Insurance Industry
of Dominican Republic (2002) - Gross Written Premium in US$
Million for Segna, Seguros Popular, Intercontinental de
Seguros, Colonial de Seguros, and Cia. De Seguros Palic
(includes corresponding Graph/Chart) ELA-14
The Health Insurance Sector ELA-14

6. Ecuador ELA-15
Market Overview ELA-15
Table 19: Ecuadorian Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life and Non-Life Markets
Independently Analyzed with Annual Premium Income in US$
Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) ELA-15

Table 20: Ecuadorian 5-Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Markets for 2005, 2007, and 2009
(includes corresponding Graph/Chart) ELA-16
Life Insurance Market ELA-16
Table 21: Ecuadorian Life Insurance Industry (2007):
Percentage Breakup of Insured Population for Domestic and
Offshore Insurance Companies by Policy Type (includes
corresponding Graph/Chart) ELA-16

Table 22: Ecuadorian Life Insurance Industry (2006-2008):
Percentage Market Share for Domestic and Offshore Insurance
Companies by Policy Type (includes corresponding Graph/Chart) ELA-17
Market Leaders-A Recent Past Perspective ELA-17
Table 23: Ecuadorian Life Insurance Industry (2004): Gross
Written Premium in US$ Million by Leading Companies for Pan
American Life, BMI, Equivida, Pichincha, Bolivar,
Rocafuerte, Colvida, Ace, Panamericana, and Rio Guayas
(includes corresponding Graph/Chart) ELA-17

Table 24: Ecuadorian Health and Medical Assistance Insurance
Market (2004): Policywriting in US$ Millions and Percentage
Breakdown by Category - IESS, Prepaid-Medicine Companies,
and Private Insurance Companies (includes corresponding
Graph/Chart) ELA-18

Table 25: Leading Players in Ecuadorian Health Insurance
Market (2004): Percentage Market Share of Insurance and
Prepaid Medicine by Company - BMI, Bolívar, Ecuasanitas,
Health, Humana, PALIC, Pichincha, Rocafuerte, Bolívar, Salud
Coop, Other Prepaid-Medicine Companies, and Other Insurance
Companies (includes corresponding Graph/Chart) ELA-18

Table 26: Leading Players in Life Insurance Industry of
Ecuador (2003) - Gross Written Premium in US$ Million for
Pan American Life, Pichincha, Bolivar, Equivida, and
Panamericana (includes corresponding Graph/Chart) ELA-18
Non-Life Insurance Market ELA-19
Table 27: Leading Players in the Non-Life Insurance Industry
of Ecuador (2003) - Gross Written Premium in US$ Million for
Colonial, Equinoccial, AIG Metropolitana, Interoceanica, and
Aseguradora del Sur (includes corresponding Graph/Chart) ELA-19
Health Care Insurance ELA-19

7. El Salvador ELA-20
Market Overview ELA-20
Table 28: El Salvador Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life and Non-Life Markets
Independently Analyzed with Annual Premium Income in US$
Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) ELA-20

Table 29: El Salvador 5-Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Markets for 2005, 2007, and 2009
(includes corresponding Graph/Chart) ELA-21
Market Leaders - A Recent Past Perspective ELA-21
Table 30: Insurance Industry of El Salvador (2003): Gross
Written Premium in US$ Million by Leading Companies for SISA
Vida, La Centro Americana, Compania General de Seguros,
Segurose Inversiones, Aseguradora Suiza Salvadorena,
Aseguradora Agricola, Asesuisa Vida, Internacional de
Seguros, AIG Union y Desarrollo, and BBVA Seguros (includes
corresponding Graph/Chart) ELA-21

Table 31: Leading Players in the Insurance Industry of El
Salvador (2002) - Gross Written Premium in US$ Million for
Aseguradora Suiza Salvadorena
SISA, Vida
Seguros e
Inversiones
La Centro Americana
and Compania General de
Seguros (includes corresponding Graph/Chart) ELA-22

8. Guatemala ELA-23
Leading Players: Non-Life Insurance ELA-23
Table 32: Leading Players in the Non-Life Insurance Industry
of Guatemala (2003) - Gross Written Premium in US$ Million
for G&T, Roble, General, Universales, and Occidente
(includes corresponding Graph/Chart) ELA-23

9. Honduras ELA-24
Leading Players: Life Insurance Sector ELA-24
Table 33: Honduran Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Palic, Adhorro, Interamericana, Atlantida, Aseguradora,
Crefisa, Continental, Previsa, Del Pais, and Equidad
(includes corresponding Graph/Chart) ELA-24

Table 34: Leading Players in the Life Insurance Industry of
Honduras (2002) - Gross Written Premium in US$ Million for
Palic, Aseguradora, Adhorro, Atlantida, and Crefisa (includes
corresponding Graph/Chart) ELA-24
Leading Players: Non-Life Insurance Sector ELA-25
Table 35: Honduran Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Ahorro, Atlantida, Interamericana, Aseguradora, American,
Continental, Crefisa, Previsa, Del Pais, and Equidad
(includes corresponding Graph/Chart) ELA-25

Table 36: Leading Players in the Non-Life Insurance Industry
of Honduras (2002) - Gross Written Premium in US$ Million
for Adhorro, Interamericana, Atlantida, Aseguradora, and
Continental (includes corresponding Graph/Chart) ELA-25

10. Jamaica ELA-26
Market Overview ELA-26
Table 37: Jamaican Recent Past, Current & Future Analysis for
Insurance Industry by Segment - Life and Non-Life Markets
Independently Analyzed with Annual Premium Income in US$
Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) ELA-26

Table 38: Jamaican 5-Year Perspective for Insurance Industry
by Segment - Percentage Breakdown of Premium Income for Life
and Non-Life Markets for 2005, 2007, and 2009 (includes
corresponding Graph/Chart) ELA-27
Life Insurance Sector ELA-27
Table 39: Leading Players in the Jamaican Life Insurance
Industry (2003) - Gross Written Premium in US$ Million for
Life of Jamaica, Guardian Life, Blue Cross, First Life, and
Cuna Mutual (includes corresponding Graph/Chart) ELA-27
Non-Life Insurance Sector ELA-28
Table 40: Leading Players in the Jamaican Non-Life Insurance
Industry (2003) - Gross Written Premium in US$ Million for
United General, NEM, Insurance Co. of West Indies, Dyoll,
and West Indies Alliance (includes corresponding
Graph/Chart) ELA-28

11. Panama ELA-29
Industry Overview ELA-29
Table 41: Panamanian Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life and Non-Life Markets
Independently Analyzed with Annual Premium Income in US$
Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) ELA-30

Table 42: Panamanian 5-Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Markets for 2005, 2007, and 2009
(includes corresponding Graph/Chart) ELA-30
Life Insurance Sector ELA-31
Table 43: Life Insurance Industry in Panama (2004): Gross
Written Premium in US$ Million by Leading Companies for
Aseguradora Mundial, Compania Internacional, ASSA, Compania
Nacional, American Life, Assicurazioni Generali, Pan
American, Pan America Life, British American, and Compania
Istmena (includes corresponding Graph/Chart) ELA-31

Table 44: Leading Players in the Life Insurance Industry of
Panama (2003) - Gross Written Premium in US$ Million for
Aseguradora Mundial, ASSA, Compania Internacional, American
Life, and Assicurazioni Generali (includes corresponding
Graph/Chart) ELA-31
Non-Life Insurance Sector ELA-32
Table 45: Leading Players in the Non-Life Insurance Industry
of Panama (2003) - Gross Written Premium in US$ Million for
ASSA, Compania Internacional, Compania Nacional, Aseguradora
Mundial, and Assicurazioni Generali (includes corresponding
Graph/Chart) ELA-32

12. Peru ELA-33
Market Overview ELA-33
Table 46: Peruvian Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life and Non-Life
Markets Independently Analyzed with Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) ELA-33

Table 47: Peruvian 5-Year Perspective for Insurance Industry
by Segment - Percentage Breakdown of Premium Income for Life
and Non-Life Markets for 2005, 2007, and 2009 (includes
corresponding Graph/Chart) ELA-34

Table 48: Peruvian Insurance Industry (2006 & 2007):
Percentage Breakdown of Market Shares by Company - Rimac, El
Pacifico Peruano Suiza, El Pacifico Vida, Invita, La
Positiva, Interseguro, and Others (includes corresponding
Graph/Chart) ELA-34
Life Insurance Sector ELA-35
Table 49: Leading Players in the Life Insurance Industry of
Peru (2003) - Gross Written Premium in US$ Million for El
Pacifico Vida, Interseguro, Rimac International, InVita, and
Mapfre Peru Vida (includes corresponding Graph/Chart) ELA-35
Non-Life Insurance Sector ELA-35
Table 50: Leading Players in the Non-Life Insurance Industry
of Peru (2003) - Gross Written Premium in US$ Million for
Rimac Internacional, El Pacifico Peruano Suiza, La Positiva,
Royal & SunAlliance, and Generali Peru (includes
corresponding Graph/Chart) ELA-36

13. Trinidad and Tobago ELA-37
Market Overview ELA-37
Table 51: Trinidad and Tobago Recent Past, Current & Future
Analysis for Insurance Industry by Segment - Life and
Non-Life Markets Independently Analyzed with Annual Premium
Income in US$ Million for the Years 2005 through 2009
(includes corresponding Graph/Chart) ELA-37

Table 52: Trinidad and Tobago 5-Year Perspective for
Insurance Industry by Segment - Percentage Breakdown of
Premium Income for Life and Non-Life Markets for 2005, 2007,
and 2009 (includes corresponding Graph/Chart) ELA-38
Life Insurance Sector ELA-38
Table 53: Life Insurance Industry in Trinidad and Tobago
(2003): Gross Written Premium in US$ Million by Leading
Companies for Clico, Guardian, Sagicor, Algico, British
American, Maritime, Tatil, Cuna, Life of Barbados, and
Bancassurance (includes corresponding Graph/Chart) ELA-38

Table 54: Leading Players in the Life Insurance Industry of
Trinidad and Tobago (2002) - Gross Written Premium in US$
Million for Clico, Sagicor, Guardian, Maritime, and Algico
(includes corresponding Graph/Chart) ELA-39
Non-Life Insurance Sector ELA-40
Table 55: Non-Life Insurance Industry in Trinidad and Tobago
(2003): Gross Written Premium in US$ Million by Leading
Companies for Chic, Algico, Maritime, Nemwil, Colfire, Tatil,
Beacon, Capital, GTM, and Gulf (includes corresponding
Graph/Chart) ELA-40

Table 56: Leading Players in the Non-Life Insurance Industry
of Trinidad and Tobago (2002) - Gross Written Premium in US$
Million for Algico, Chic, Nemwil, Colfire, and Tatil
(includes corresponding Graph/Chart) ELA-40

14. Uruguay ELA-41
Life Insurance Sector ELA-41
Table 57: Uruguayan Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for Banco
de Seguros del Estado, ALICO, Real Uruguaya, Metropolitan
Life, Cooperativa de Seguros Sucro, and Santander (includes
corresponding Graph/Chart) ELA-41

Table 58: Leading Players in the Life Insurance Industry of
Uruguay (2002) - Gross Written Premium in US$ Million for
Banco de Seguros del Estado, Real Uruguaya, ALICO,
Cooperativa de Seguros Surco, and Metropolitan Life (includes
corresponding Graph/Chart) ELA-41
Non-Life Insurance Sector ELA-42
Table 59: Uruguayan Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for Banco
de Seguros del Estado, Royal & SunAlliance, Porto
Seguro-Seguros, AIG Uruguay, Mapfre Uruguay, AXA Seguros,
Real Uruguaya, FAR, Compania Uruguaya de Seguros, and Alianca
de Bahia (includes corresponding Graph/Chart) ELA-42

Table 60: Leading Players in the Non-Life Insurance Industry
of Uruguay (2002) - Gross Written Premium in US$ Million for
Banco de Seguros del Estado, Royal & SunAlliance, Porto
Seguro-Seguros, AIG Uruguay, and Mapfre Uruguay (includes
corresponding Graph/Chart) ELA-42

15. Venezuela ELA-43
Market Overview ELA-43
Table 61: Venezuelan Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life and Non-Life
Markets Independently Analyzed with Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) ELA-43

Table 62: Venezuelan 5-Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Markets for 2005, 2007, and 2009
(includes corresponding Graph/Chart) ELA-43
Life Insurance Sector ELA-44
Table 63: Venezuelan Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Mapfre, Caracas de Liberty, Previsora, Bancentro,
Multinacional, Horizonte, Ban Valor, Mercantil, Nuevo Mundo,
and Adriatica (includes corresponding Graph/Chart) ELA-44

Table 64: Leading Players in the Venezuelan Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Seguridad, Multinacional de Seguros, Horizonte, Previsora
C.N.A., and Caracas de Liberty Mutual (includes
corresponding Graph/Chart) ELA-44
Non-Life Insurance Sector ELA-45
Table 65: Venezuelan Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies for
Caracas de Liberty Mutual, Mercantil, Zurich, Mapfre,
Multinacional, Adriatica, Catatumbo, Bancentro, Nuevo Mundo,
and Previsora (includes corresponding Graph/Chart) ELA-45

Table 66: Leading Players in the Venezuelan Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Caracas de Liberty Mutual, Mercantil, Zurich
Seguros, Seguridad, and Multinacional de Seguros (includes
corresponding Graph/Chart) ELA-45

16. Recent Industry Activity ELA-46
Validus Acquires Talbot ELA-46
Brit Insurance to Establish New Reinsurance Company ELA-46
Hiscox acquires Kidnap and Ransom Business from Aon ELA-46
Lexington Insurance Opens Office in Bermuda ELA-46
Olympus Divests from Talbot ELA-46
Max Re Capital Changes its Name ELA-47
Fortress Group to Buy Alea ELA-47
PXRE and Argonaut Pens Merger Deal ELA-47
Enstar Acquires Inter-Ocean Holdings ELA-47
Argus Takes Over Tremont International ELA-47
AGF to Sell Adriatica de Seguros ELA-47
Global Tuition & Education Insurance to Acquire R&SA Seguros
de Vida ELA-47
Scor to Bid for Acquisition of Scottish Re ELA-48
Hiscox Pens Reinsurance Agreement with WL Ross & Co ELA-48

17. Strategic Corporate Developments in Recent Past ELA-49
Stewart Title Acquires Majority Stake in San Juan Abstract ELA-49
Mariategui Teams Up with HLA Global Insurance Network ELA-49

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