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Synopsis
Timetric’s 'Reinsurance in Mexico, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Mexican reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010–2014) and forecast period (2014–2019).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Mexican economy and demographics, and provides detailed analysis of natural hazards and their impact on the Mexican insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary
Timetric’s 'Reinsurance in Mexico, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Mexican reinsurance segment, including:

- The Mexican reinsurance segment’s growth prospects by reinsurance ceded from direct insurance

- A comprehensive overview of the Mexican economy and demographics

- Detailed analysis of natural hazards and their impact on the Mexican insurance industry

- The competitive landscape in the Mexican reinsurance segment

Scope
This report provides a comprehensive analysis of the reinsurance segment in Mexico:

- It provides historical values for the Mexican reinsurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the Mexican reinsurance segment, and market forecasts to 2019.

- It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Mexico, and the reinsurance segment's growth prospects.



Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Mexican reinsurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Mexican reinsurance 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
- As the second-largest country in Latin America and a hub for the insurance industry, Mexico offers significant opportunities for reinsurers – especially foreign operators.

- Growth in the segment was achieved partly as a result of Mexico’s exposure to natural disasters, favorable risk-retention regulations, and large-scale government and corporate risk.

- The Mexican government and the insurance legislator, Comisión Nacional de Seguros y Fianzas, are expected to introduce a new framework based on the risk-management principles of the European Union Solvency II program, which will be implemented by 2016.

- In total, 25% of the country's population is exposed to other disasters such as floods, hurricanes and storms. Consequently, the demand for property and life cover will put pressure on life and non-life insurers to improve products and reduce prices.

Table Of Contents

Reinsurance in Mexico, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2010-2019
5.2 Reinsurance Segment Size by Premium Ceded, 2010-2019
6 Key Industry Drivers
6.1 Reinsurance Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Natural Hazards
7.1 Flooding
7.2 Cyclones and Storms
7.3 Earthquake and Landslides
7.4 Exposure
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Mexican Reinsurance Segment
8.2.1 Mexico Istmo Reinsurance Company, SA de CV - company overview
8.2.2 Reaseguradora Patria SAB - company overview
8.2.3 RGA Mexico - company overview
8.2.4 Munich Re - company overview
8.2.5 Partner Re - company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest changes in regulations
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 system
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 Types 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 margins
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 taxation
9.8.2 Withholding tax on insurance premiums 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 Appendix
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric's Services
10.5 Disclaimer

List of Tables
Table 1: Mexican Reinsurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Mexican Government Credit Ratings
Table 4: Mexican Reinsurance - Premium Accepted (MXN Billion), 2010-2014
Table 5: Mexican Reinsurance - Premium Accepted (MXN Billion), 2014-2019
Table 6: Mexican Reinsurance - Premium Ceded by Type of Insurance (MXN Billion), 2010-2014
Table 7: Mexican Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2010-2014
Table 8: Mexican Reinsurance - Premium Ceded by Type of Insurance (MXN Billion), 2014-2019
Table 9: Mexican Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2014-2019
Table 10: Mexican Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 11: Mexican Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 12: Mexican Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 13: Mexican Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 14: Mexican Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 15: Mexican Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 16: Mexican Average Annual Loss by Hazard, 1990-2014
Table 17: Mexico Istmo Reinsurance Company, SA de CV - Key Facts
Table 18: Reaseguradora Patria SAB - Key Facts
Table 19: RGA Mexico - Key Facts
Table 20: Munich Re - Key Facts
Table 21: Partner Re - Key Facts
Table 22: Mexico - Insurance Regulatory Framework Key Features
Table 23: Mexico - Life Insurance Regulatory Framework
Table 24: Mexico - Property Insurance Regulatory Framework
Table 25: Mexico - Motor Insurance Regulatory Framework
Table 26: Mexico - Liability Insurance Regulatory Framework
Table 27: Mexico - Corporate Tax Rates for the Financial Year 2015

List of Figures
Figure 1: Mexican Real GDP (MXN Trillion), 2010-2019
Figure 2: MXN - US$ Exchange Rate, 2010-2019
Figure 3: Mexican Consumer Price Inflation, 2010-2019
Figure 4: Mexican Current Account Balance (MXN Billion), 2010-2014
Figure 5: Mexican Unemployment Rate, 2010-2019
Figure 6: Mexican Population by Age Group, 1991-2025
Figure 7: Mexican Reinsurance - Premium Accepted (MXN Billion), 2010-2014
Figure 8: Mexican Reinsurance - Premium Accepted (MXN Billion), 2014-2019
Figure 9: Mexican Reinsurance - Premium Ceded by Type of Insurance (MXN Billion), 2010-2019
Figure 10: Mexican Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2010-2019
Figure 11: Mexican Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 12: Mexican Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 13: Mexican Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 14: Mexican Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 15: Mexican Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 16: Mexican Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 17: Mexican Mortality (%) by Type of Natural Hazard, 1990-2014
Figure 18: Mexico - Insurance Supervision and Control at Various Levels
Figure 19: Mexico - Insurance Regulatory Frameworks for Company Registration and Operation

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