Non-Life Insurance in Mexico, Key Trends and Opportunities to 2020 - Product Image

Non-Life Insurance in Mexico, Key Trends and Opportunities to 2020

  • ID: 4369552
  • Report
  • Region: Mexico
  • 133 pages
  • Timetric
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FEATURED COMPANIES

  • ABA Seguros SA de CV
  • Axa Seguros SA de CV
  • Mapfre Tepeyac SA
  • Seguros Atlas SA
  • MORE
The 'Non-Life Insurance in Mexico Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Mexican non-life insurance segment and a comparison of the Mexican insurance industry with its regional counterparts.

It provides values for 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 the various distribution channels operating in the segment, gives a comprehensive overview of the Mexican economy and demographics, explains the various types of natural hazard and their impact on the Mexican insurance industry, and provides detailed information pertaining to the country's competitive landscape.

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 recent changes to the industry's regulatory structure.

Summary:

The 'Non-Life Insurance in Mexico, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Mexican non-life insurance segment, including:
  • The Mexican non-life insurance segment’s detailed outlook by product category
  • A comprehensive overview of the Mexican economy and demographics
  • A comparison of the Mexican insurance industry with its regional counterparts
  • Detailed analysis of natural hazards and their impact on the Mexican insurance industry
  • Details of the competitive landscape in the life insurance segment in Mexico
  • Details of regulatory policy applicable to the Mexican insurance industry
Scope:

This report provides a comprehensive analysis of the non-life insurance segment in Mexico:
  • It provides historical values for the Mexican non-life 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 non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Mexican non-life insurance segment with its regional counterparts.
  • It analyzes the various distribution channels for non-life insurance products in Mexico.
  • It analyzes various natural and man-made hazards and their impact on the Mexican insurance industry.
  • It profiles the top non-life 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 non-life insurance segment, and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Mexican non-life insurance segment
  • Assess the competitive dynamics in the non-life 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 non-life segment accounted for 40.5% of the industry's gross written premium in 2015.
  • The segment is competitive, containing both domestic and foreign insurers, and is concentrated with the 10 leading companies collectively accounting for 66.68% of gross written premium in 2015.
  • Although political risks and changes in the country's regulatory landscape are creating challenges for insurers in the Latin American region, the Mexican non-life insurance segment registered a high rate of premium growth during the review period.
  • In September 2014, the Federal Law on Roads, Bridges and Motor Transport amended and made motor third-party liability insurance compulsory in the country.
  • The adoption of Solvency II type regulations is expected to bring better risk management to the insurance industry.
  • The support from the government to develop agriculture insurance, the implementation of motor third-party liability insurance in 2014 and rising public awareness on the benefits of insurance are expected to increase non-life insurance penetration over the forecast period.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • ABA Seguros SA de CV
  • Axa Seguros SA de CV
  • Mapfre Tepeyac 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 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Policies sold
5.1.4 Claims
5.1.5 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Policies sold
5.2.4 Claims
5.2.5 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Policies sold
5.3.4 Claims
5.3.5 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Policies sold
5.4.4 Claims
5.4.5 Profitability
6 DISTRIBUTION CHANNEL OUTLOOK
6.1 Analysis by Distribution Channel
6.1.1 Agencies
6.1.2 Direct marketing
6.1.3 Bancassurance
6.1.4 E-commerce
6.1.5 Other channels
7 NATURAL AND MAN-MADE HAZARDS
7.1 Flooding
7.2 Cyclones and Storms
7.3 Earthquakes
7.4 Exposure
8 COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Quálitas Compañía de Seguros SA de CV - company overview
8.1.2 Mapfre Tepeyac SA - company overview
8.1.3 Axa Seguros SA de CV - company overview
8.1.4 Grupo Nacional Provincial SAB - company overview
8.1.5 Seguros Inbursa SA Grupo Financiero Inbursa - company overview
9 GOVERNANCE, RISK AND COMPLIANCE
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Workers’ compensation insurance
9.4.2 Motor third-party liability insurance
9.4.3 Social security insurance
9.4.4 Liability for ships with respect to oil pollution
9.4.5 Liability insurance in respect of transportation of dangerous or toxic substances
9.4.6 Errors and omission insurance for bonding agents
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 Association of Insurance Supervisors Latin America
9.5.3 Secretaria de Hacienda y Credito Publico
9.5.4 Comisión Nacional de Seguros y Fianzas
9.5.5 Association of Mexican Insurance Companies
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margin
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxations
9.8.2 Withholding taxes on premium paid overseas.
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution
10 DATABOOK
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Assets and Investments
10.4 Direct Marketing and E-Commerce
10.5 Agencies
10.6 Bancassurance and Other Distribution Channels
10.7 Property Insurance
10.8 Property Insurance by Product
10.9 Motor Insurance
10.1 Motor Insurance by Product
10.11 Liability Insurance
10.12 Marine, Aviation and Transit Insurance
11 DEFINITIONS AND METHODOLOGY
11.1 Definitions
11.2 Methodology
12 ABOUT TIMETRIC
12.1 Contact
12.2 About
12.3 Services
12.4 Disclaimer

List of Tables
Table 1: Mexican Non-Life Insurance - Key Facts, 2015
Table 2: Mexican Non-Life Insurance - Segment Shares of the Top Insurers, 2015
Table 3: Mexican Government Credit Ratings
Table 4: Mexican Non-Life Insurance - Gross Written Premium (MXN Billion and US$ Billion), 2011-2015
Table 5: Mexican Non-Life Insurance - Penetration (%), 2011-2015
Table 6: Mexican Non-Life Insurance - Gross Written Premium (MXN Billion and US$ Billion), 2015-2020
Table 7: Mexican Non-Life Insurance - Penetration (%), 2015-2020
Table 8: Mexican Non-Life Insurance - Premium per Capita (MXN and US$), 2011-2015
Table 9: Mexican Non-Life Insurance - Premium per Capita (MXN and US$), 2015-2020
Table 10: Mexican Non-Life Insurance - Number of Policies Sold (Thousand), 2011-2015
Table 11: Mexican Non-Life Insurance - Number of Policies Sold (Thousand), 2015-2020
Table 12: Mexican Non-Life Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
Table 13: Mexican Non-Life Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
Table 14: Mexican Non-Life Insurance - Profitability Ratio (%), 2011-2015
Table 15: Mexican Non-Life Insurance - Profitability Ratio (%), 2015-2020
Table 16: Mexican Non-Life Insurance - Total Assets (MXN Billion and US$ Billion), 2011-2015
Table 17: Mexican Non-Life Insurance - Total Assets (MXN Billion and US$ Billion), 2015-2020
Table 18: Mexican Non-Life Insurance - Total Investment Income (MXN Billion and US$ Billion), 2011-2015
Table 19: Mexican Non-Life Insurance - Total Investment Income (MXN Billion and US$ Billion), 2015-2020
Table 20: Mexican Non-Life Insurance - Investment Portfolio (MXN Billion), 2011-2015
Table 21: Mexican Non-Life Insurance - Investment Portfolio (MXN Billion), 2015-2020
Table 22: Mexican Non-Life Insurance - Direct Written Premium by Category (MXN Billion), 2011-2015
Table 23: Mexican Non-Life Insurance - Direct Written Premium by Category (MXN Billion), 2015-2020
Table 24: Mexican Property Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2011-2015
Table 25: Mexican Property Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2015-2020
Table 26: Mexican Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
Table 27: Mexican Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
Table 28: Mexican Property Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
Table 29: Mexican Property Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
Table 30: Mexican Property Insurance - Loss Ratio (%), 2011-2015
Table 31: Mexican Property Insurance - Loss Ratio (%), 2015-2020
Table 32: Mexican Motor Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2011-2015
Table 33: Mexican Motor Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2015-2020
Table 34: Mexican Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
Table 35: Mexican Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
Table 36: Mexican Motor Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
Table 37: Mexican Motor Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
Table 38: Mexican Motor Insurance - Loss Ratio (%), 2011-2015
Table 39: Mexican Motor Insurance - Loss Ratio (%), 2015-2020
Table 40: Mexican Liability Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2011-2015
Table 41: Mexican Liability Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2015-2020
Table 42: Mexican Liability Insurance - Number of Policies Sold (Million), 2011-2015
Table 43: Mexican Liability Insurance - Number of Policies Sold (Million), 2015-2020
Table 44: Mexican Liability Insurance - Paid Claims (MXN Million and US$ Million), 2011-2015
Table 45: Mexican Liability Insurance - Paid Claims (MXN Million and US$ Million), 2015-2020
Table 46: Mexican Liability Insurance - Loss Ratio (%), 2011-2015
Table 47: Mexican Liability Insurance - Loss Ratio (%), 2015-2020
Table 48: Mexican Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2011-2015
Table 49: Mexican Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2015-2020
Table 50: Mexican Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015
Table 51: Mexican Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020
Table 52: Mexican Marine, Aviation and Transit Insurance - Paid Claims (MXN Million and US$ Million), 2011-2015
Table 53: Mexican Marine, Aviation and Transit Insurance - Paid Claims (MXN Million and US$ Million), 2015-2020
Table 54: Mexican Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
Table 55: Mexican Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
Table 56: Mexican Non-Life Insurance - Direct Written Premium by Distribution Channel (MXN Billion), 2011-2015
Table 57: Mexican Non-Life Insurance - Direct Written Premium by Distribution Channel (MXN Billion), 2015-2020
Table 58: Mexican Non-Life Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011-2020
Table 59: Mexican Insurance Industry - Market Shares of Leading Insurers (%), 2015
Table 60: Quálitas Compañía de Seguros SA de CV - Key Facts
Table 61: Quálitas Compañía de Seguros SA de CV - Key Financials (MXN Million), 2011-2015
Table 62: Mapfre Tepeyac, SA - Key Facts
Table 63: Mapfre Tepeyac, SA - Key Financials (MXN Million), 2011-2015
Table 64: Axa Seguros SA de CV - Key Facts
Table 65: Axa Seguros SA de CV - Key Financials (MXN Million), 2011-2015
Table 66: Grupo Nacional Provincial, SAB - Key Facts
Table 67: Grupo Nacional Provincial, SAB - Key Financials (MXN Million), 2011-2015
Table 68: Seguros Inbursa SA Grupo Financiero Inbursa - Key Facts
Table 69: Seguros Inbursa SA Grupo Financiero Inbursa - Key Financials (MXN Million), 2011-2015
Table 70: Mexico - Insurance Regulatory Framework Key Features
Table 71: Mexico - Life Insurance Regulatory Framework
Table 72: Mexico - Property Insurance Regulatory Framework
Table 73: Mexico - Motor Insurance Regulatory Framework
Table 74: Mexico - Liability Insurance Regulatory Framework
Table 75: Mexico - Implementation of Mandatory Motor Third-Party Liability Insurance
Table76: Mexico - Corporate Tax Rates for the Financial Year 2016
Table 77: Mexican Insurance Industry - Policies and Premium, 2011-2015
Table 78: Mexican Insurance Industry - Policies and Premium, 2015-2020
Table 79: Mexican Non-Life Insurance - Claims and Expenses, 2011-2015
Table 80: Mexican Non-Life Insurance - Claims and Expenses, 2015-2020
Table 81: Mexican Non-Life Insurance - Assets and Investments, 2011-2015
Table 82: Mexican Non-Life Insurance - Assets and Investments, 2015-2020
Table 83: Mexican Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
Table 84: Mexican Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
Table 85: Mexican Non-Life Insurance - Agencies, 2011-2015
Table 86: Mexican Non-Life Insurance - Agencies, 2015-2020
Table 87: Mexican Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
Table 88: Mexican Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
Table 89: Mexican Non-Life Insurance - Property Insurance, 2011-2015
Table 90: Mexican Non-Life Insurance - Property Insurance, 2015-2020
Table 91: Mexican Non-Life Insurance - Property Insurance by Product, 2011-2015
Table 92: Mexican Non-Life Insurance - Property Insurance by Product, 2015-2020
Table 93: Mexican Non-Life Insurance - Motor Insurance, 2011-2015
Table 94: Mexican Non-Life Insurance - Motor Insurance, 2015-2020
Table 95: Mexican Non-Life Insurance - Motor Insurance by Product, 2011-2015
Table 96: Mexican Non-Life Insurance - Motor Insurance by Product, 2015-2020
Table 97: Mexican Non-Life Insurance - Liability Insurance, 2011-2015
Table 98: Mexican Non-Life Insurance - Liability Insurance, 2015-2020
Table 99: Mexican Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
Table 100: Mexican Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
Table 101: 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 Non-Life Insurance Penetration - Regional Comparison (%), 2015
Figure 8: Mexican Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2015
Figure 9: Mexican Non-Life Insurance - Gross Written Premium (MXN Billion), 2011-2020
Figure 10: Mexican Non-Life Insurance - Penetration (%), 2011-2020
Figure 11: Mexican Non-Life Insurance - Premium per Capita (MXN), 2011-2020
Figure 12: Mexican Non-Life Insurance - Number of Policies Sold (Thousand), 2011-2020
Figure 13: Mexican Non-Life Insurance - Paid Claims (MXN Billion), 2011-2020
Figure 14: Mexican Non-Life Insurance - Profitability Ratio (%), 2011-2020
Figure 15: Mexican Non-Life Insurance - Total Assets (MXN Billion), 2011-2020
Figure 16: Mexican Non-Life Insurance - Total Investment Income (MXN Billion), 2011-2020
Figure 17: Mexican Non-Life Insurance - Investment Portfolio (MXN Billion), 2011-2020
Figure 18: Mexican Non-Life Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 19: Mexican Non-Life Insurance - Direct Written Premium by Category (MXN Billion), 2011-2020
Figure 20: Mexican Non-Life Insurance - Direct Written Premium Dynamics by Category, 2011-2020
Figure 21: Mexican Property Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2011-2020
Figure 22: Mexican Property Insurance - Direct Written Premium Dynamics by Sub-Category, 2011-2020
Figure 23: Mexican Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2020
Figure 24: Mexican Property Insurance - Paid Claims (MXN Billion), 2011-2020
Figure 25: Mexican Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (MXN Billion and %), 2011-2020
Figure 26: Mexican Motor Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2011-2020
Figure 27: Mexican Motor Insurance - Direct Written Premium Dynamics by Sub-Category, 2011-2020
Figure 28: Mexican Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2020
Figure 29: Mexican Motor Insurance - Paid Claims (MXN Billion), 2011-2020
Figure 30: Mexican Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (MXN Billion and %), 2011-2020
Figure 31: Mexican Liability Insurance - Direct Written Premium (MXN Billion), 2011-2020
Figure 32: Mexican Liability Insurance - Number of Policies Sold (Thousand), 2011-2020
Figure 33: Mexican Liability Insurance - Paid Claims (MXN Million), 2011-2020
Figure 34: Mexican Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (MXN Billion and %), 2011-2020
Figure 35: Mexican Goods Exports and Imports (US$ Billion), 2011-2015
Figure 36: Mexican Marine, Aviation and Transit Insurance - Direct Written Premium (MXN Billion), 2011-2020
Figure 37: Mexican Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2020
Figure 38: Mexican Marine, Aviation and Transit Insurance - Paid Claims (MXN Million), 2011-2020
Figure 39: Mexican Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (MXN Billion and %), 2011-2020
Figure 40: Mexican Non-Life Insurance - Direct Written Premium by Distribution Channel (%), 2011, 2015 and 2020
Figure 41: Mexican - Annual Economic Loss by Natural and Manmade Hazards, 2000-2015
Figure 42: Mexican - Frequency of Hazards by Type, 1990-2014
Figure 43: Mexican Mortality by Hazards Type, 1990-2014
Figure 44: Mexican Economic Loss by Hazards Type, 1990-2014
Figure 45: Mexican Insurance Industry - Market Shares of Leading Insurers (%), 2015
Figure 46: Mexico - Insurance Supervision and Control at Various Levels
Figure 47: Mexico - Insurance Regulatory Frameworks for Company Registration and Operation
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  • Quálitas Compañía de Seguros SA de CV
  • Mapfre Tepeyac SA
  • Axa Seguros SA de CV
  • Grupo Nacional Provincial SAB
  • Seguros Inbursa SA Grupo Financiero Inbursa
  • Seguros Banorte SA de CV Grupo Financiero Banorte
  • Zurich Compañía de Seguros SA
  • ABA Seguros SA de CV
  • Seguros BBVA Bancomer SA de CV Grupo Financiero BBVA Bancomer
  • Seguros Atlas SA
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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