Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2020 - Product Image

Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2020

  • ID: 4369449
  • Report
  • Region: Mexico
  • 105 pages
  • Timetric
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FEATURED COMPANIES

  • Axa Seguros SA de CV
  • Mapfre Tepeyac, SA
  • Metlife México, SA
  • Seguros Atlas, SA
  • MORE
The 'Personal Accident and Health Insurance in Mexico Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Mexican personal accident and health insurance segment, and a comparison of the Mexican insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Mexican economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary:

The 'Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Mexican personal accident and health insurance segment, including:
  • The Mexican personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of the Mexican economy and demographics
  • Details of the competitive landscape in the personal accident and health insurance segment in Mexico
  • Details of regulatory policy applicable to the Mexican insurance industry
Scope:

This report provides a comprehensive analysis of the personal accident and health insurance segment in Mexico:
  • It provides historical values for the Mexican personal accident and health insurance segment for the report’s 2011-2015 review period, and projected figures for the 2015-2020 forecast period.
  • It offers a detailed analysis of the key categories in the Mexican personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Mexican personal accident and health insurance segment with its regional counterparts.
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Mexico.
  • It profiles the top personal accident and health insurance companies in Mexico, and outlines the key regulations affecting them.
Reasons To Buy:
  • Make strategic business decisions using in-depth historic and forecast market data related to the Mexican personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Mexican personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Mexican insurance industry, and their impact on companies and the industry's future.
Key Highlights:
  • The personal accident and health segment accounted for 14.6% of the overall insurance gross written premium in Mexico in 2015.
  • Despite the presence of universal health insurance in the country, the private health insurance registered a review-period CAGR of 9.6%, and accounted for 90.9% of the segment’s gross written premium in 2015.
  • Aging population, rising healthcare expenditure, increasing chronic non-communicable diseases and the rising awareness of the benefits of private health insurance supported the segment’s growth during the review period.
  • Since the government resources are not sufficient to deal with rising non-communicable diseases, the amount of people seeking private health insurance cover is expected to rise over the forecast period.
  • To increase their consumer base, insurers are expected to collaborate with banks to distribute products over the forecast period.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Axa Seguros SA de CV
  • Mapfre Tepeyac, SA
  • Metlife México, SA
  • Seguros Atlas, SA
  • MORE
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHICS
4 SEGMENT OUTLOOK
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 OUTLOOK BY CATEGORY
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Policies
5.1.3 Claims
5.1.4 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Policies
5.2.3 Claims
5.2.4 Profitability
6 DISTRIBUTION CHANNEL OUTLOOK
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Grupo Nacional Provincial, SAB - company overview
7.1.2 Axa Seguros, SA de CV - company overview
7.1.3 MetLife Mexico, SA - company overview
7.1.4 Seguros Monterrey New York Life, SA de CV - company overview
7.1.5 Seguros Inbursa SA, Grupo Financiero Inbursa - company overview
7.1.6 Seguros Banorte SA de CV Grupo Financiero Banorte - company overview
7.1.7 Mapfre Tepeyac, SA - company overview
7.1.8 Allianz México, SA Compañía de Seguros - company overview
7.1.9 Seguros Atlas, SA - company overview
7.1.10 Seguros Banamex, SA de CV Grupo Financiero Banamex - company overview
8 GOVERNANCE, RISK AND COMPLIANCE
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Workers’ compensation insurance
8.4.2 Motor third-party liability insurance
8.4.3 Social security insurance
8.4.4 Liability for ships with respect to oil pollution
8.4.5 Liability insurance in respect of transportation of dangerous or toxic substances
8.4.6 Errors and omission insurance for bonding agents
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Association of Insurance Supervisors Latin America
8.5.3 Secretaria de Hacienda y Credito Publico
8.5.4 Comisión Nacional de Seguros y Fianzas
8.5.5 Association of Mexican Insurance Companies
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxations
8.8.2 Withholding taxes on premium paid overseas.
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 DATABOOK
9.1 Policies and Premium
9.1.1 Claims and expenses
9.1.2 Assets and investments
9.1.3 Personal accident insurance
9.1.4 Health insurance
9.1.5 Health insurance by product
10 DEFINITIONS AND METHODOLOGY
10.1 Definitions
10.2 Methodology
11 ABOUT TIMETRIC
11.1 Contact
11.2 About
11.3 Services
11.4 Disclaimer

List of Tables
Table 1: Mexican Personal Accident and Health Insurance - Key Facts, 2015
Table 2: Mexican Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015
Table 3: Mexican Government Credit Ratings
Table 4: Mexican Personal Accident and Health Insurance - Gross Written Premium (MXN Billion and US$ Billion), 2011-2015
Table 5: Mexican Personal Accident and Health Insurance - Penetration (%), 2011-2015
Table 6: Mexican Personal Accident and Health Insurance - Gross Written Premium (MXN Billion and US$ Billion), 2015-2020
Table 7: Mexican Personal Accident and Health Insurance - Penetration (%), 2015-2020
Table 8: Mexican Personal Accident and Health Insurance - Premium per Capita (MXN and US$), 2011-2015
Table 9: Mexican Personal Accident and Health Insurance - Premium per Capita (MXN and US$), 2015-2020
Table 10: Mexican Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2011-2015
Table 11: Mexican Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2015-2020
Table 12: Mexican Personal Accident and Health Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
Table 13: Mexican Personal Accident and Health Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
Table 14: Mexican Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 15: Mexican Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 16: Mexican Personal Accident and Health Insurance - Total Assets (MXN Billion and US$ Billion), 2011-2015
Table 17: Mexican Personal Accident and Health Insurance - Total Assets (MXN Billion and US$ Billion), 2015-2020
Table 18: Mexican Personal Accident and Health Insurance - Total Investment Income (MXN Billion and US$ Billion), 2011-2015
Table 19: Mexican Personal Accident and Health Insurance - Total Investment Income (MXN Billion and US$ Billion), 2015-2020
Table 20: Mexican Personal Accident and Health Insurance - Investment Portfolio (MXN Billion), 2011-2015
Table 21: Mexican Personal Accident and Health Insurance - Investment Portfolio (MXN Billion), 2015-2020
Table 22: Mexican Personal Accident and Health Insurance - Direct Written Premium by Category (MXN Billion),2011-2015
Table 23: Mexican Personal Accident and Health Insurance - Direct Written Premium by Category (MXN Billion), 2015-2020
Table 24: Mexican Personal Accident Insurance - Direct Written Premium (MXN Billion and US$ Billion), 2011-2015
Table 25: Mexican Personal Accident Insurance - Direct Written Premium (MXN Billion and US$ Billion), 2015-2020
Table 26: Mexican Personal Accident Insurance - Number of Policies Sold (Thousand), 2011-2015
Table 27: Mexican Personal Accident Insurance - Number of Policies Sold (Thousand), 2015-2020
Table 28: Mexican Personal Accident Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
Table 29: Mexican Personal Accident Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
Table 30: Mexican Personal Accident Insurance - Loss Ratio (%), 2011-2015
Table 31: Mexican Personal Accident Insurance - Loss Ratio (%), 2015-2020
Table 32: Mexican Health Insurance - Direct Written Premium (MXN Billion), 2011-2015
Table 33: Mexican Health Insurance - Direct Written Premium (MXN Billion), 2015-2020
Table 34: Mexican Health Insurance - Number of Policies Sold (Thousand), 2011-2015
Table 35: Mexican Health Insurance - Number of Policies (Thousand), 2015-2020
Table 36: Mexican Health Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
Table 37: Mexican Health Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
Table 38: Mexican Health Insurance - Loss Ratio (%), 2011-2015
Table 39: Mexican Health Insurance - Loss Ratio (%), 2015-2020
Table 40: Mexican Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
Table 41: Grupo Nacional Provincial, SAB - Key Facts
Table 42: Grupo Nacional Provincial, SAB - Key Financials (MXN Billion), 2011-2015
Table 43: Axa Seguros, SA de CV - Key Facts
Table 44: Axa Seguros, SA de CV - Key Financials (MXN Billion), 2011-2015
Table 45: MetLife Mexico, SA - Key Facts
Table 46: MetLife Mexico, SA - Key Financials (MXN Billion), 2011-2015
Table 47: Seguros Monterrey New York Life, SA de CV - Key Facts
Table 48: Seguros Monterrey New York Life, SA de CV - Key Financials (MXN Billion), 2011-2015
Table 49: Seguros Inbursa SA, Grupo Financiero Inbursa - Key Facts
Table 50: Seguros Inbursa SA, Grupo Financiero Inbursa - Key Financials (MXN Billion), 2011-2015
Table 51: Seguros Banorte SA de CV Grupo Financiero Banorte - Key Facts
Table 52: Seguros Banorte SA de CV Grupo Financiero Banorte - Key Financials (MXN Billion), 2011-2015
Table 53: Mapfre Tepeyac, SA - Key Facts
Table 54: Mapfre Tepeyac, SA - Key Financials (MXN Billion), 2011-2015
Table 55: Allianz México, SA Compañía de Seguros - Key Facts
Table 56: Allianz México, SA Compañía de Seguros - Key Financials (MXN Billion), 2011-2015
Table 57: Seguros Atlas, SA - Key Facts
Table 58: Seguros Atlas, SA - Key Financials (MXN Billion), 2011-2015
Table 59: Seguros Banamex , SA de CV Grupo Financiero Banamex - Key Facts
Table 60: Seguros Banamex , SA de CV Grupo Financiero Banamex - Key Financials (MXN Billion), 2011-2015
Table 61: Mexico - Insurance Regulatory Framework Key Features
Table 62: Mexico - Life Insurance Regulatory Framework
Table 63: Mexico - Property Insurance Regulatory Framework
Table 64: Mexico - Motor Insurance Regulatory Framework
Table 65: Mexico - Liability Insurance Regulatory Framework
Table 66: Mexico - Implementation of Mandatory Motor Third-Party Liability Insurance
Table67: Mexico - Corporate Tax Rates for the Financial Year 2016
Table 68: Mexican Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
Table 69: Mexican Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 70: Mexican Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 71: Mexican Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 72: Mexican Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 73: Mexican Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 74: Mexican Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 75: Mexican Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 76: Mexican Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 77: Mexican Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 78: Mexican Personal Accident and Health Insurance - Health by Product, 2011-2015
Table 79: Mexican Personal Accident and Health Insurance - Health by Product, 2015-2020
Table 80: Insurance Industry Definitions

List of Figures
Figure 1: Mexican Real GDP (MXN Billion), 2011-2020
Figure 2: MXN - US$ Exchange Rate ,2011-2020
Figure 3: Mexican Consumer Price Inflation (%), 2011-2020
Figure 4: Mexican Current Account Balance as Percentage of GDP (%), 2011-2020
Figure 5: Mexican Unemployment Rate, 2011-2020
Figure 6: Mexican Population by Age Group, 1990-2025
Figure 7: Mexican Personal Accident and Health Insurance Penetration - Regional Comparison (%), 2015
Figure 8: Mexican Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2015
Figure 9: Mexican Personal Accident and Health Insurance - Gross Written Premium (MXN Billion), 2011-2020
Figure 10: Mexican Personal Accident and Health Insurance - Penetration (%), 2011-2020
Figure 11: Mexican Personal Accident and Health Insurance - Premium per Capita (MXN), 2011-2020
Figure 12: Mexican Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2011-2020
Figure 13: Mexican Personal Accident and Health Insurance - Paid Claims (MXN Billion), 2011-2020
Figure 14: Mexican Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2020
Figure 15: Mexican Personal Accident and Health Insurance - Total Assets (MXN Billion), 2011-2020
Figure 16: Mexican Personal Accident and Health Insurance - Total Investment Income (MXN Billion), 2011-2020
Figure 17: Mexican Personal Accident and Health Insurance - Investment Portfolio (MXN Billion), 2011-2020
Figure 18: Mexican Personal Accident and Health Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 19: Mexican Personal Accident and Health Insurance - Direct Written Premium by Category (MXN Billion), 2011-2020
Figure 20: Mexican Personal Accident and Health Insurance - Direct Written Premium Dynamics by Category, 2011-2020
Figure 21: Mexican Personal Accident Insurance - Direct Written Premium (MXN Billion), 2011-2020
Figure 22: Mexican Personal Accident Insurance - Number of Policies Sold (Thousand), 2011-2020
Figure 23: Mexican Personal Accident Insurance - Paid Claims (MXN Billion), 2011-2020
Figure 24: Mexican Personal Accident Insurance - Earned Premium, Incurred Loss and Loss Ratio (MXN Billion and %), 2011-2020
Figure 25: Mexican Health Insurance - Direct Written Premium, 2011-2020
Figure 26: Mexican Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2020
Figure 27: Mexican Health Insurance - Paid Claims (MXN Billion), 2011-2020
Figure 28: Mexican Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (MXN Billion and %), 2011-2020
Figure 29: Mexican Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
Figure 30: Mexico - Insurance Supervision and Control at Various Levels
Figure 31: Mexico - Insurance Regulatory Frameworks for Company Registration and Operation
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  • Grupo Nacional Provincial, SAB
  • Axa Seguros SA de CV
  • Metlife México, SA
  • Seguros Monterrey New York Life, SA de CV
  • Seguros Inbursa SA, Grupo Financiero Inbursa
  • Seguros Banorte SA de CV Grupo Financiero Banorte
  • Mapfre Tepeyac, SA
  • Allianz México, SA Compañía de Seguros
  • Seguros Atlas, SA
  • Seguros Banamex, SA de CV Grupo Financiero Banamex
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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