Creditor Insurance in Latin America

  • April 2013
  • -
  • Finaccord
  • -
  • 211 pages

Finaccord’s report titled Creditor Insurance in Latin America offers uniquely detailed insights into the market for creditor insurance, sometimes also referred to as payment protection insurance or loan-related insurance, in six countries. Creditor insurance was worth around USD 6.08 billion in gross written premiums in the region in 2012, including coverage for life and permanent disability as well as the temporary disability and unemployment elements. Moreover, with rapid growth forecast for most markets and with profit margins relatively high, creditor insurance remains an attractive business for both lending institutions and underwriters to cultivate.

Drawing on the results of a survey of close to 370 lending institutions in six countries - Argentina, Brazil, Chile, Colombia, Mexico and Peru - the report analyses the distribution of creditor insurance by banks and other lending institutions, how provision rates vary for different lending products, operating models used for arranging creditor insurance, and distribution partnerships weighted by the size of distributors. The PartnerBASE dataset that accompanies the report details each of some 540 creditor insurance distribution deals traced by Finaccord. In short, this study will provide you with the definitive guide to current and future opportunities in creditor insurance in Latin America.

You may be able to use this report plus the PartnerBASE dataset and market data file that accompany it in one or more of the following ways:

- appreciate the magnitude of the opportunity in creditor insurance in Latin America: between 2012 and 2016, the market is forecast to grow at a nominal compound annual rate of more than 10% in five out of six countries;

- identify partnership opportunities for creditor insurance and prioritise these according to the potential that they offer as defined by the size of lending institutions’ retail customer base;

- understand the supply structure for creditor insurance in Latin America and whether specialists are winning business by virtue of their focused approach;

- gain insight into the presence in Latin America of leading international creditor insurance market participants including ACE, Assurant Solutions, BNP Paribas Cardif, CNP, Genworth Financial and MetLife;

- utilise the PartnerBASE dataset and market data file to gain rapid access to the important facts and figures in a user-friendly Excel format.

Table Of Contents

Table of Contents 
 
0.0 EXECUTIVE SUMMARY
Gross written premiums across the six countries amounted to over USD 6 billion in 2012...
... within which loan payment protection policies made up around USD 3.36 billion...
... and cover for temporary incapacity and unemployment approximately USD 1.20 billion
The leading eight groups are likely to account for more than two thirds of the total regional market
Bradesco is prominent as a result of Brazil's large creditor insurance market
BNP Paribas Cardif possesses the most relationships, spread across a wide range of countries
MAPFRE has concluded a significant new distribution agreement with Genworth Financial
 
1.0 INTRODUCTION
What is this report about?
Distribution partnerships with banks and other lending institutions constitute the focus of this report
Rationale
The report tracks over 540 separate initiatives for marketing creditor insurance
Methodology
Survey of banks and other lending institutions
Market data
Definitions
Creditor insurance
Mortgages, consumer finance and credit cards
Weighted provider share of partnerships
Operating models
Abbreviations and exchange rates
PartnerBASEâ„¢ and market data annexe
Finaccord
 
2.0 LATIN AMERICAN OVERVIEW
Introduction
Market analysis - consumer lending
Consumer lending balances outstanding amounted to USD 904.9 billion across the six countries in 2012
Mortgage lending in Brazil experienced particularly strong growth between 2008 and 2012...
... while Argentina displays the highest compound annual growth in consumer non-mortgage lending
Relative to its GDP, the Argentine lending market is the least developed of the six reviewed
Chile's developed lending market makes it comfortably the largest in per capita terms…
... although that of Brazil narrowed the gap between 2008 and 2012
Mortgage balances per capita remain below USD 1,000 in all countries apart from Chile
Consumer non-mortgage balances per capita are highest in Brazil and lowest in Peru
Credit card loans account for a substantial proportion of total non-mortgage lending in Argentina and Chile
Non-mortgage credit has fallen as a proportion of total consumer lending in all but one country
Brazil accounts for over 80% of the region’s total credit and other pay later cards in circulation...
… although Argentina's market has grown most rapidly in recent years
In per capita terms, the credit card markets of Colombia, Mexico and Peru remain under-developed
Creditor insurance provision rates and operating models
Creditor insurance linked to mortgages
In four out of six countries, provision of mortgage-related creditor insurance is universal
Use of a single external underwriter constitutes the most regularly used operating model in three markets…
… although use of multiple external underwriters is preferred in Brazil
When analysed on a weighted basis, the use of captive underwriters is significantly more prominent
Policies including cover for temporary incapacity and unemployment are most widespread in Chile
When analysed at a group level, the leading eight provider groups account for almost 70% of this market...
... with BNP Paribas likely to be the regional leader thanks to its large number of partnerships
Creditor insurance linked to consumer finance
All eligible lending institutions in Argentina and Peru offer creditor insurance linked to consumer finance
A majority of initiatives are organised in conjunction with a single, external product provider
On a weighted basis, use of captive providers becomes more prominent within the total
In five out of six countries, there is plenty of scope for the development of fully-fledged creditor insurance
Bradesco is likely to be the region’s leading provider in creditor insurance linked to consumer finance...
... with MAPFRE identifiable as the most prominent group from outside of Latin America
Creditor insurance linked to credit cards
Credit card payment protection insurance is offered most commonly by Peruvian card issuers
Even on an unweighted basis, captive underwriters are especially prominent in Brazil
Viewed on a weighted basis, captive underwriters are likely to be dominant in Brazil, Mexico and Peru
Close to a half of policies incorporate cover for one or both of temporary incapacity and unemployment
BNP Paribas, Zurich and MetLife are the closest rivals to the leading two Brazilian groups
Market analysis - creditor insurance
The total market value is predicted to advance to USD 10.73 billion in gross written premiums by 2016
Robust growth is predicted for the life insurance elements of creditor insurance...
... although the value of cover for temporary incapacity and unemployment is likely to rise more quickly
In terms of its value, Brazil's market for mortgage-related creditor insurance is easily the largest...
... although that of Chile is most well-developed relative to the size of the mortgage lending sector
In loan payment protection insurance, the most rapid growth is predicted for Colombia and Peru...
... in spite of the fact that the Colombian market is already well-developed by one key measure
The outlook for credit card payment protection insurance is apparently least auspicious in Mexico...
... while there is most theoretical scope for growth in Brazil
 
3.0 ARGENTINA
Banks and other lending institutions covered
Economic background
The Argentine economy has experienced periodic turbulence in recent years...
… and was still struggling with the aftermath of the latest crisis at the start of 2013
The service sector accounts for around 60% of economic output
Persistently high inflation is one of the country's most pressing problems
In the Ease of Doing Business ranking, Argentina's economy is ranked only 124th in the world
Introduction to the banking sector
In terms of its number of retail customers, Banco de la Nación leads the market
State-owned banks account for a substantial proportion of the Argentine banking sector
The leading ten banks hold over 70% of total consumer lending balances outstanding
Argentina's persistently high inflation has had a marked effect on the lending market
ICBC acquired an 80% stake in Standard Bank in October 2012
Introduction to bancassurance
Bancassurance accounts for a distribution share of around one quarter of total life insurance...
... with several banks having established captive underwriters
CNP Assurances and Zurich have both entered into bancassurance joint ventures in recent years
In Argentina, bancassurance is characterised by relatively 'light touch' regulation
Consumer lending market size and growth
Mortgage lending
Residential mortgage balances grew at an annual rate of just 2.6% in real terms between 2008 and 2012
Non-mortgage lending
Non-mortgage balances are significantly larger in value than mortgage balances
Credit and other pay later cards
Having hit a plateau between 2008 and 2010, the credit card market surged in 2011 and 2012
Creditor insurance provision rates, operating models and partnerships
Creditor insurance linked to mortgages
All mortgage lending institutions have an arrangement for related creditor insurance
By weighted share of partnerships, Galicia Seguros is the most prominent competitor...
... albeit there are also opportunities for non-captive insurers
Creditor insurance linked to consumer finance
Loan payment protection insurance is also offered by all eligible lenders in Argentina...
... with MetLife the most visible non-indigenous insurance provider...
... and Sancor the most prominent non-captive underwriter
Cardif holds the most distribution partnerships...
... in a crowded market in which there are over 20 competing underwriters in total
Creditor insurance linked to credit cards
Schemes for credit card payment protection insurance are also widespread in Argentina...
... with Assurant more visible in this domain than for the other types of creditor insurance
A very large number of underwriters is active in this area...
... although 19 credit card issuers have no apparent scheme in place for this type of cover
Creditor insurance risk coverage
A handful of lenders have introduced cover for one or both of temporary incapacity and unemployment
Creditor insurance market size, growth and forecast
The creditor insurance market is likely to have accelerated rapidly between 2008 and 2012
 
4.0 BRAZIL
Banks and other lending institutions covered
Economic background
Brazil's economy has performed very strongly in recent years...
… with substantial natural resources boosting growth
The service sector accounts for over two thirds of Brazilian GDP
In the World Bank's Ease of Doing Business Index, Brazil's is ranked only 126th in the world
Introduction to the banking sector
In terms of its total number of retail customers Bradesco leads the market
Government-owned Banco do Brasil is ranked second by number of customers
As a percentage of GDP, lending to the private sector has almost doubled since 2003...
... with consumer credit having increased as a consequence of several factors
Retail sector card issuers account for the majority of credit cards in circulation in Brazil
The banking sector is fairly concentrated with the ten largest banks accounting for over 80% of assets...
... partly as a result of mergers and acquisitions involving Banco Itaú and Bradesco
Introduction to bancassurance
Around 30% of Bradesco's profits are attributable to its insurance operations
MAPFRE and Zurich have both entered into bancassurance joint ventures in recent years...
... with other insurers having established important strategic partnerships
The bancassurance channel is characterised by relatively 'light touch' regulation in Brazil
Consumer lending market size and growth
Mortgage lending
Residential mortgages in Brazil grew at a nominal compound annual rate of 45.8% between 2008 and 2012
Non-mortgage lending
The value of total non-mortgage consumer lending balances is more than twice that of mortgage balances
Credit and other pay later cards
Card issuers owned by or working closely with retail brands are highly influential in Brazil
Rising default rates have been a problem for credit card issuers in recent years
Creditor insurance provision rates, operating models and partnerships
Creditor insurance linked to mortgages
There are few mortgage lenders in Brazil but most of these sell related creditor insurance
Bradesco is the leading provider by weighted share of partnerships…
Aliança do Brasil was configured as a joint venture by Banco do Brasil and MAPFRE in 2010
CNP's Caixa Seguradora joint venture directly serves around 4.8 million clients in Brazil
Non-captive providers active in this arena include Allianz, HDI, SulAmerica and Tokio Marine
Creditor insurance linked to consumer finance
Two thirds of entities offering consumer finance have a scheme in place for loan payment protection cover
Bradesco Seguros possesses both captive and non-captive partnerships
Cardif has accumulated the highest outright number of distribution partnerships in this sphere
At least 20 separate underwriters vie for partnerships with lending institutions for this type of cover...
... although 25 lending institutions have no apparent scheme for in place for this type of creditor insurance
Creditor insurance linked to credit cards
Over 20 schemes for card-related creditor insurance are up and running in Brazil
Zurich and Porto Seguro benefit from partnerships with large retail sector card distributors
Creditor insurance risk coverage
There is apparent room for provision rates for temporary incapacity and unemployment to develop further
Performance of key bancassurance underwriters
According to the official data source, Caixa Seguradora is the market leader in creditor insurance...
... having held this position consistently between 2007 and 2011
Creditor insurance market size, growth and forecast
The market for all forms of creditor insurance is growing rapidly in Brazil...
... with demand for mortgage-related policies rising at the greatest speed
Official statistics exist to help quantify the market for creditor insurance in Brazil
 
5.0 CHILE
Banks and other lending institutions covered
Economic background
Chile benefits from a diverse and export-driven economy…
… that has displayed strong GDP growth in recent years
Chile was well prepared for the onset of the financial crisis
The financial sector accounts for around 16% of GDP
In the Index of Economic Freedom, Chile's is ranked seventh in the world
Introduction to the banking sector
In terms of number of retail customers, state-owned BancoEstado leads the market…
… albeit Banco Santander is ranked first by banking assets
Co-operative banks play a prominent role in the Chilean banking system…
… which also features a number of credit unions and retail sector card issuers
Several banking institutions are owned wholly or partly by foreign entities
Some merger and acquisition activity has taken place in recent years
Introduction to bancassurance
Bancassurance in Chile is well-developed, in particular for non-life insurance products…
… with captives and joint ventures among the largest underwriters in terms of premiums
Banking organisations are not allowed to sell investment-related life insurance products
Consumer lending market size and growth
Mortgage lending
Chile's residential mortgage balances grew at a nominal annual rate of 9.2% between 2008 and 2012
Non-mortgage lending
The compound annual growth rate for non-mortgage balances is slightly lower than that for mortgages
Credit and other pay later cards
Card issuers owned by retail groups are dominant in the market for credit cards in Chile
Creditor insurance provision rates, operating models and partnerships
Creditor insurance linked to mortgages
Provision of creditor insurance by mortgage lending institutions is universal
By weighted share of partnerships, Cardif is the most prominent competitor...
Zurich and Santander entered into a 25-year strategic distribution arrangement in 2011
… followed by four underwriters affiliated with Chile's largest banks
Creditor insurance linked to consumer finance
Loan payment protection insurance is offered by most lending institutions in Chile...
... with MetLife identifiable as the leading insurer in terms of weighted partnership shares
MAPFRE has concluded a significant new distribution agreement with Genworth Financial
Banchile Seguros benefits from its various partnerships in this field with credit unions
Creditor insurance linked to credit cards
Schemes for credit card payment protection insurance are widespread in Chile
Cardif holds ties with six banking organisations for this form of cover...
... with MetLife also very prominent in this sphere
Creditor insurance risk coverage
The majority of creditor insurance policies incorporate comprehensive coverage
Performance of key bancassurance underwriters
Subsidiaries of banks accounted for over 62% of the creditor life insurance market in 2011…
… with Zurich Santander Seguros leading the market
Cardif and MetLife are the most prominent non-captive underwriters for creditor insurance
Creditor insurance market size, growth and forecast
The total creditor insurance market is likely to be worth more than USD 700 million in 2012...
... with increased mortgage lending expected to boost premiums further up to 2016
Official statistics exist to help quantify the market for creditor insurance in Chile
 
6.0 COLOMBIA
Banks and other lending institutions covered
Economic background
Colombia's economy has performed well in recent years...
… having benefited from a strong free-market orientation
In the Ease of Doing Business ranking, Colombia's economy is ranked 45th in the world
Introduction to the banking sector
In terms of its number of retail customers, Bancolombia leads the market…
… although Banco Davivienda is the largest player in the consumer lending sector...
… and Grupo Aval controls four separate banking brands
Colombia's mortgage market remains relatively small
Four significant transactions reshaped the banking market in 2012
Introduction to bancassurance
Bancassurance is estimated to account for around 15% of total life insurance premiums
Banks cannot directly own insurance companies but can belong to the same financial group
Many insurance companies adhere to a multi-channel distribution strategy
As in some other countries in Latin America, banks are not permitted to sell investment-related life policies
Consumer lending market size and growth
Mortgage lending
Residential mortgage balances grew at a nominal compound annual rate of 18.0% between 2008 and 2012
Non-mortgage lending
Progress in non-mortgage consumer lending has been slightly less rapid
Credit and other pay later cards
Credit card penetration in Colombia remains low by the standards of some Latin American countries
Creditor insurance provision rates, operating models and partnerships
Creditor insurance linked to mortgages
Provision of creditor insurance by mortgage lending institutions is universal
By weighted share of partnerships, Alfa is the most prominent competitor...
... while both Cardif and Sura benefit from their partnerships with Colombia's largest bank
Creditor insurance linked to consumer finance
Loan payment protection insurance is offered by almost all eligible lenders in Colombia
Cardif holds at least eight separate distribution relationships...
... in a sector in which at least a dozen insurance providers are active
Creditor insurance linked to credit cards
Schemes for credit card payment protection insurance are also widespread in Colombia…
… with familiar underwriters leading the market on a weighted basis
Creditor insurance risk coverage
Availability of cover for temporary incapacity is more widespread than that for unemployment
Creditor insurance market size, growth and forecast
Creditor insurance related to consumer finance accounts for the lion's share of the Colombian market
... and this is expected to remain the case up to 2016
 
7.0 MEXICO
Banks and other lending institutions covered
Economic background
Mexico is the second-largest economy in Latin America…
… and has enjoyed reasonably strong economic performance in recent years
The service sector accounts for over 70% of GDP
In spite of economic progress, the country faces several major social problems
In the World Bank's Ease of Doing Business Index, Mexico is ranked 53th in the world
Introduction to the banking sector
Banco Azteca leads the market in terms of its outright number of retail customers...
... but not when measured by its share of banking assets
The banking sector is dominated by several foreign-owned entities
A number of banks targeting lower-income customers are affiliated to retailing groups
Due to the influence of INFONAVIT, banks account for a limited share of mortgage lending
Introduction to bancassurance
Mexican bancassurance is well-developed, especially for life insurance products
Subsidiaries of the country's large financial groups are prominent in the bancassurance market…
… particularly in the life insurance segment
Consumer lending market size and growth
Mortgage lending
Mexico's residential mortgage balances grew at a nominal annual rate of 8.0% between 2008 and 2012
Non-mortgage lending
Non-mortgage balances were hit by the financial crisis in 2009 but have since recovered
Credit and other pay later cards
The number of credit cards in circulation declined slightly between 2008 and 2012
Creditor insurance provision rates, operating models and partnerships
Creditor insurance linked to mortgages
Almost all mortgage lenders offer related creditor insurance
Captive and joint venture underwriters dominate the market in terms of weighted partnership shares...
Zurich and Santander entered into a 25-year strategic distribution arrangement in 2011
Genworth Financial identifiable as the leading non-captive insurer by this measure
Mexico's largest mortgage lender offers an automatic debt guarantee scheme
MAPFRE has concluded a significant new distribution agreement with Genworth Financial
Creditor insurance linked to consumer finance
Loan payment protection insurance is offered by most relevant lending organisations in Mexico…
… and Seguros Azteca is ranked first by weighted share of partnerships
Six banking organisations have no apparent scheme for in place for this type of creditor insurance
Creditor insurance linked to credit cards
Schemes for credit card payment protection insurance are slightly less common in Mexico...
... albeit they are still fairly numerous when compared to some other countries
Creditor insurance risk coverage
Mexico's creditor insurance market features both basic and fully-fledged payment protection formulae
Creditor insurance market size, growth and forecast
The total market is likely to be worth more than USD 500 million in 2012...
… with decent growth in evidence since 2008
... and with a rapidly-growing middle class expected to boost premiums further up to 2016
 
8.0 PERU
Banks and other lending institutions covered
Economic background
Since the start of the new millennium, Peru's economy has developed in a positive fashion...
… with GDP growth averaging 6.5% between 2002 and 2011...
... albeit economic success is not shared equally across the country
In the Ease of Doing Business ranking, Peru's economy is ranked 43rd in the world
Introduction to the banking sector
In the consumer lending market, Banco de Credito and BBVA Banco Continental are the leaders...
... although Banco Falabella has issued the most credit cards
Savings banks constitute a prominent feature of the Peruvian market…
... as do credit unions, albeit most of the 160 in existence are very small
Strong growth prospects in microfinance have triggered a number of acquisitions
Introduction to bancassurance
The official statistics value creditor insurance at close to 14% of the total life insurance market
Peru's insurance market is comparatively concentrated...
... with several insurance companies belonging to the same financial groups as banks...
… albeit all of these utilise a multi-channel distribution strategy
Credit unions perform particularly well in the distribution of microinsurance products
Consumer lending market size and growth
Mortgage lending
Residential mortgage balances grew at a real compound annual rate of 15.5% between 2008 and 2012...
Non-mortgage lending
... putting them ahead of the equivalent figure for non-mortgage consumer lending balances
Credit and other pay later cards
Credit cards per capita edged up only slightly between 2008 and 2012
Creditor insurance provision rates, operating models and partnerships
Creditor insurance linked to mortgages
All mortgage lending institutions have an arrangement for selling related creditor insurance
By weighted share of partnerships, Pacífico is the most prominent competitor...
... although with nine deals, Rimac has established more distribution partnerships in this area
MAPFRE and La Positiva mainly work with credit unions and savings banks
Creditor insurance linked to consumer finance
Loan payment protection insurance is also offered by all eligible lenders in Peru...
... with the leading two providers identical to those for mortgage-related creditor insurance
MAPFRE claims a total of 14 distribution partnerships in this sphere
Cardif benefits most from its partnership with Banco Falabella
Creditor insurance linked to credit cards
Schemes for credit card payment protection insurance are also widespread in Peru...
... with familiar providers prominent in the analysis of weighted share of partnerships
Creditor insurance risk coverage
Some policies include cover for temporary incapacity but unemployment insurance is rarely present
Performance of key bancassurance underwriters
Captive underwriters accounted for two thirds of the creditor life insurance market in 2012…
… with Pacífico holding a market share of almost 30% by itself
La Positiva and MAPFRE are the most prominent non-captive underwriters for creditor insurance
Creditor insurance market size, growth and forecast
Growth in the creditor insurance market is likely to be fairly robust between 2012 and 2016...
... as a consequence of a continuing increase in the consumer lending market
Official statistics exist to help quantify the market for creditor insurance in Peru...
... although they do not capture its likely total value
 
LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY
Brazil accounts for close to two thirds of all creditor insurance premiums written across the six Latin American countries
Mortgage-related creditor insurance policies are expected to outgrow loan and credit card payment protection policies
The value of cover for temporary incapacity and unemployment is likely to become more important within the regional market total
Summary table: gross written premiums for total creditor insurance in Latin America, 2008, 2012 and 2016 (forecast) (data)
When viewed as a weighted aggregate across all six countries, the leading eight competitors in creditor insurance are composed of five international insurance groups and three Brazilian banks
1.0 INTRODUCTION
Banks and other lending institutions in Latin America contacted by Finaccord, segmented by country and type
2.0 LATIN AMERICAN OVERVIEW
Total consumer lending balances outstanding in Latin America, segmented by country, 2008 to 2012
Total consumer lending balances outstanding in Latin America, segmented by country, 2008 to 2012 (data)
Residential mortgage balances outstanding in Latin America, segmented by country, 2008 to 2012
Residential mortgage balances outstanding in Latin America, segmented by country, 2008 to 2012 (data)
Consumer non-mortgage balances outstanding in Latin America, segmented by country, 2008 to 2012
Consumer non-mortgage balances outstanding in Latin America, segmented by country, 2008 to 2012 (data)
Relationship between total consumer lending balances as a % of GDP and purchasing power parity in Latin America, segmented by country, 2012
Relationship between mortgage lending balances as a % of GDP and purchasing power parity in Latin America, segmented by country, 2012
Relationship between consumer non-mortgage lending balances as a % of GDP and purchasing power parity in Latin America, segmented by country, 2012
Consumer lending balances and purchasing power parity in Latin America, segmented by country, 2012
Total consumer lending balances outstanding per capita in Latin America, segmented by country, 2008 to 2012
Total consumer lending balances outstanding per capita in Latin America, segmented by country, 2008 to 2012 (data)
Residential mortgage lending balances outstanding per capita in Latin America, segmented by country, 2008 to 2012
Residential mortgage lending balances outstanding per capita in Latin America, segmented by country, 2008 to 2012 (data)
Consumer non-mortgage lending balances outstanding per capita in Latin America, segmented by country, 2008 to 2012
Consumer non-mortgage lending balances outstanding per capita in Latin America, segmented by country, 2008 to 2012 (data)
Consumer non-mortgage balances outstanding as % of total consumer lending balances outstanding in Latin America, segmented by country, 2008 to 2012
Consumer non-mortgage balances outstanding as % of total consumer lending balances outstanding in Latin America, segmented by country, 2008 to 2012 (data)
Total number of credit and other pay later cards issued in Latin America, segmented by country, 2008 to 2012
Total number of credit and other pay later cards issued in Latin America, segmented by country, 2008 to 2012 (data)
Total number of credit and other pay later cards issued in Latin America and their growth segmented by country, 2008 to 2012
Total number of credit and other pay later cards issued per capita in Latin America, segmented by country, 2008 to 2012
Total number of credit and other pay later cards issued per capita in Latin America, segmented by country, 2008 to 2012 (data)
Provision rates for creditor insurance linked to mortgages in Latin America, segmented by country, 2013
Operating models (unweighted) used for creditor insurance linked to mortgages in Latin America, segmented by country, 2013
Operating models (unweighted) used for creditor insurance linked to mortgages in Latin America, segmented by country, 2013 (data)
Operating models (weighted) used for creditor insurance linked to mortgages in Latin America, segmented by country, 2013
Operating models (weighted) used for creditor insurance linked to mortgages in Latin America, segmented by country, 2013 (data)
Provision rates for cover for temporary incapacity and unemployment within creditor insurance linked to mortgages in Latin America, segmented by country, 2012
Weighted group share of bancassurance partnerships for creditor insurance linked to mortgages, re-weighted by country market size, in Latin America, 2012
Provision rates for creditor insurance linked to consumer finance in Latin America, segmented by country, 2013
Operating models (unweighted) used for creditor insurance linked to consumer finance in Latin America, segmented by country, 2013
Operating models (unweighted) used for creditor insurance linked to consumer finance in Latin America, segmented by country, 2013 (data)
Operating models (weighted) used for creditor insurance linked to consumer finance in Latin America, segmented by country, 2013
Operating models (weighted) used for creditor insurance linked to consumer finance in Latin America, segmented by country, 2013 (data)
Provision rates for cover for temporary incapacity and unemployment within creditor insurance linked to consumer finance in Latin America, segmented by country, 2013
Weighted group share of bancassurance partnerships for creditor insurance linked to consumer finance, re-weighted by country market size, in Latin America, 2013
Provision rates for creditor insurance linked to credit cards in Latin America, segmented by country, 2013
Operating models (unweighted) used for creditor insurance linked to credit cards in Latin America, segmented by country, 2013
Operating models (unweighted) used for creditor insurance linked to credit cards in Latin America, segmented by country, 2013 (data)
Operating models (weighted) used for creditor insurance linked to credit cards in Latin America, segmented by country, 2013
Operating models (weighted) used for creditor insurance linked to credit cards in Latin America, segmented by country, 2013 (data)
Provision rates for cover for temporary incapacity and unemployment within creditor insurance linked to credit cards in Latin America, segmented by country, 2013
Weighted group share of bancassurance partnerships for creditor insurance linked to credit cards, re-weighted by country market size, in Latin America, 2013
3.0 ARGENTINA
Key economic indicators for Argentina, 2012
Residential mortgage lending balances outstanding in Argentina (absolute and per capita), 2008 to 2012
Consumer non-mortgage lending balances outstanding in Argentina (absolute and per capita), 2008 to 2012
Credit and other pay later cards issued and per capita in Argentina, 2008 to 2012
Key data points for the consumer lending market in Argentina, 2008 to 2012
Provision of creditor insurance linked to mortgages in Argentina, 2012: provision rate, operating models and weighted provider share of partner

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