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Mexico Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 52 Pages
  • March 2023
  • Region: Mexico
  • MarketLine
  • ID: 5765109
Description Jump to:
Life Insurance in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
  • The Mexican life insurance market had total gross written premiums of $15.8 billion in 2022, representing a compound annual growth rate (CAGR) of 9% over 2017-2022.
  • The life insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $12.6 billion, equivalent to 79.6% of the market's overall value.
  • The inflation rate in Mexico increased to 7% in 2022, which contributed to a slowdown in the market growth 2022. Consumer confidence has plummeted due to the economic uncertainty brought about by inflation in 2022.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Mexico
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Mexico
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Mexico life insurance market with five year forecasts

Reasons to Buy

  • What was the size of the Mexico life insurance market by value in 2022?
  • What will be the size of the Mexico life insurance market in 2027?
  • What factors are affecting the strength of competition in the Mexico life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Mexico's life insurance market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. AXA SA
8.2. Grupo Financiero Banorte SAB de CV
8.3. MetLife Inc
8.4. Grupo Nacional Provincial SAB
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher
List of Tables
Table 1: Mexico life insurance market value: $ billion, 2017-22
Table 2: Mexico life insurance market category segmentation: % share, by value, 2017-2022
Table 3: Mexico life insurance market category segmentation: $ billion, 2017-2022
Table 4: Mexico life insurance market geography segmentation: $ billion, 2022
Table 5: Mexico life insurance market value forecast: $ billion, 2022-27
Table 6: Mexico life insurance market share: % share, by value, 2022
Table 7: AXA SA: key facts
Table 8: AXA SA: Annual Financial Ratios
Table 9: AXA SA: Key Employees
Table 10: AXA SA: Key Employees Continued
Table 11: AXA SA: Key Employees Continued
Table 12: Grupo Financiero Banorte SAB de CV: key facts
Table 13: Grupo Financiero Banorte SAB de CV: Annual Financial Ratios
Table 14: Grupo Financiero Banorte SAB de CV: Key Employees
Table 15: Grupo Financiero Banorte SAB de CV: Key Employees Continued
Table 16: MetLife Inc: key facts
Table 17: MetLife Inc: Annual Financial Ratios
Table 18: MetLife Inc: Key Employees
Table 19: MetLife Inc: Key Employees Continued
Table 20: MetLife Inc: Key Employees Continued
Table 21: Grupo Nacional Provincial SAB: key facts
Table 22: Grupo Nacional Provincial SAB: Annual Financial Ratios
Table 23: Grupo Nacional Provincial SAB: Key Employees
Table 24: Mexico size of population (million), 2018-22
Table 25: Mexico gdp (constant 2005 prices, $ billion), 2018-22
Table 26: Mexico gdp (current prices, $ billion), 2018-22
Table 27: Mexico inflation, 2018-22
Table 28: Mexico consumer price index (absolute), 2018-22
Table 29: Mexico exchange rate, 2017-21
List of Figures
Figure 1: Mexico life insurance market value: $ billion, 2017-22
Figure 2: Mexico life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Mexico life insurance market geography segmentation: % share, by value, 2022
Figure 4: Mexico life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in Mexico, 2022
Figure 6: Drivers of buyer power in the life insurance market in Mexico, 2022
Figure 7: Drivers of supplier power in the life insurance market in Mexico, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Mexico, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Mexico, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Mexico, 2022
Figure 11: Mexico life insurance market share: % share, by value, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AXA SA
  • Grupo Financiero Banorte SAB de CV
  • MetLife Inc
  • Grupo Nacional Provincial SAB

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