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  4. > Mexico Insurance Report Q4 2015

Mexico Insurance Report Q4 2015

  • October 2015
  • -
  • Business Monitor International
  • -
  • 73 pages

BMI View: Though relatively under-developed compared to those of other major developing economies,Mexico's insurance sector is large and steadily growing. As life expectancies and living standards increase,there are signs that households are gradually awakening up to the benefits that insurance products canprovide, though we maintain that density will remain low among the lowest income groups. This shouldprovide a steady platform for premiums growth over the next few years, which should lead to increasinglevels of foreign direct investment.

Despite being worth more than 23bn a year in combined life and non-life premiums, Mexico's insurancesector can be considered underdeveloped by the standards of other major developing countries. Mexico is amiddle-income country with a population of more than 120mn, however (as a percentage of overall GDP)the penetration of both the life and non-life market remains low at about 1%. To put this in perspective, thisis about half the level of penetration in Brazil, a country with a similar GDP per capital.

Table Of Contents

Mexico Insurance Report Q4 2015
BMI Industry View 7
SWOT 9
Insurance 9
Political 11
Economic 12
Operational Risk 13
Industry Forecast 15
Life Premiums Forecast 15
Life Premiums 16
Table: Gross Life Premiums Written (Mexico 2012-2019) 17
Table: Net Life Premiums Written (Mexico 2012-2019) 18
Reinsurance 18
Table: Reinsurance Life Premiums Written (Mexico 2012-2019) 19
Life Insurance Claims 19
Table: Life Insurance Claims (Mexico 2007-2014) 19
Life Insurance Drivers 20
Table: Life Expectancy by Gender (Mexico 2012-2019) 20
Table: Demographic Breakdown (Mexico 2012-2019) 21
Non-Life Premiums Forecast 21
Non-Life Premiums 22
Table: Gross Non-Life Premiums Written (Mexico 2012-2019) 23
Table: Net Non-Life Premiums Written (Mexico 2012-2019) 24
Non-Life Reinsurance 24
Table: Reinsurance Non-Life Premiums Written (Mexico 2012-2019) 25
Non-Life Claims 25
Table: Non-Life Insurance Claims (Mexico 2007-2014) 25
Table: Non-Life Insurance Claims by Line (Mexico 2007-2014) 26
Non-Life Sub-Sector Forecast 27
Table: Non-Life % Breakdown (Mexico 2012-2019) 27
Motor and Transport Insurance 29
Table: Motor Vehicle Insurance (Mexico 2012-2019) 29
Table: Insurance Key Drivers, Autos (Mexico 2012-2019) 30
Table: Transport Insurance (Mexico 2012-2019) 31
Table: Insurance Key Drivers, Freight Tonnage (Mexico 2012-2019) 32
Property Insurance 32
Table: Property Insurance (Mexico 2012-2019) 33
Personal Accident and Health Insurance 33
Table: Personal Accident Insurance (Mexico 2012-2019) 34
Table: Health Insurance (Mexico 2012-2019) 34
Table: Insurance Key Drivers, Private Health Expenditure (Mexico 2012-2019) 35
Liability and Credit Insurance 35
Table: General Liability Insurance (Mexico 2012-2019) 35
Table: Credit/Financial Guarantee Insurance (Mexico 2012-2019) 36
Industry Risk Reward Ratings 37
Latin America Insurance Risk/Reward Index 37
Table: Latin America and the Caribbean Insurance Risk/Reward Index 38
Market Overview 39
Life Market Overview 39
The Product Offering 39
The Competitive Landscape 40
Table: COMPANY PERFORMANCE: Life Insurance Market (USDmn) 2008-2014 42
Table: COMPANY PERFORMANCE: Life Insurance Market (%) 2008-2014 43
Non-Life Market Overview 44
The Product Offering 44
The Competitive Landscape 45
Table: COMPANY PERFORMANCE: Non-Life Insurance Market (USDmn) 2008-2014 46
Table: COMPANY PERFORMANCE: Non-Life Insurance Market (%) 2008-2014 48
Company Profile 49
AXA Seguros SA de CV 49
Banorte Seguros 52
GNP 55
Monterrey New York Life 58
Quálitas Compañía de Seguros SAB de CV 60
Demographic Forecast 62
Demographic Outlook 62
Table: Population Headline Indicators (Mexico 1990-2025) 63
Table: Key Population Ratios (Mexico 1990-2025) 63
Table: Urban/Rural Population and Life Expectancy (Mexico 1990-2025) 64
Table: Population By Age Group (Mexico 1990-2025) 64
Table: Population By Age Group % (Mexico 1990-2025) 65
Methodology 67
Industry Forecast Methodology 67
Risk/Reward Index Methodology 70
Table: Indicators 72
Table: Weighting of Indicators 73

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