1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Mexico Insurance Report Q1 2016

Mexico Insurance Report Q1 2016

  • January 2016
  • -
  • Business Monitor International
  • -
  • 62 pages

BMI View: We have revised our outlook for the Mexican insurance sector in the Q1 2016 report update. We hold a positive outlook for the Mexican insurance industry as a whole for 2016 and beyond, over the course of our forecast period out to 2019. We believe that the strongest growth in 2016 and over the forecast period will come from the life insurance sector. The life insurance sector is set to grow by 11.3% in dollar terms in 2016 whereas the non-life sector will grow by 10.8% this year. Premiums will reach USD11.3bn and USD14bn respectively. Over the medium term, we forecast the growth rate to slow down slightly, but we still anticipate strong single digit growth in both sectors, both primarily driven by a strong economy, a robust manufacturing and services sector and growing household income and disposable discretionary spending powers.

Key Updates And Forecasts

-The Mexican insurance sector as a whole is now forecasted to grow strongly at an average annual pace of 6.3% in local currency terms and 8.7% in US dollar terms between 2016 and 2019 as the currency begins to stabilize and economic growth propels the country forward.

-The life insurance sector will be the strongest engine of growth with US dollar growth in 2016 totalling 11.3% and premiums topping USD11bn. We see little to derail growth over the course of our forecast period in dollar terms and local currency.

Table Of Contents

Mexico Insurance Report Q1 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Mexico 2012-2019) 7
SWOT 9
Insurance 9
Industry Forecast 11
Life Premiums Forecast 11
Table: Life Premiums (Mexico 2012-2019) 14
Table: Life Insurance Claims (Mexico 2007-2014) 15
Non-Life Premiums Forecast 15
Table: Non-Life Premiums (Mexico 2012-2019) 18
Table: Non-Life Insurance Claims (Mexico 2008-2014) 18
Non-Life Sub-Sector Forecast 19
Table: Non-Life Insurance Premiums by Product Line (Mexico 2012-2019) 28
Industry Risk Reward Ratings 30
Latin America Insurance Risk/Reward Index 30
Table: Latin America and the Caribbean Insurance Risk/Reward Index 31
Market Overview 32
Life Market Overview 32
The Product Offering 32
The Competitive Landscape 33
Table: COMPANY PERFORMANCE: Life Insurance Market (USDmn) 2008-2014 35
Table: COMPANY PERFORMANCE: Life Insurance Market (%) 2008-2014 36
Non-Life Market Overview 37
The Product Offering 37
The Competitive Landscape 38
Table: COMPANY PERFORMANCE: Non-Life Insurance Market (USDmn) 2008-2014 39
Table: COMPANY PERFORMANCE: Non-Life Insurance Market (%) 2008-2014 41
Company Profile 42
AXA Seguros SA de CV 42
Banorte Seguros 45
GNP 48
Monterrey New York Life 51
Quálitas Compañía de Seguros SAB de CV 53
Methodology 56
Industry Forecast Methodology 56
Risk/Reward Index Methodology 59
Table: Indicators 61
Table: Weighting of Indicators 62

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10 000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3 450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...

UK Personal Insurance Distribution: Banks and Retailers

UK Personal Insurance Distribution: Banks and Retailers

  • $ 3 450
  • Industry report
  • June 2016
  • by Verdict Financial

Summary An affinity scheme is a partnership in which an insurer underwrites insurance to be distributed via another company whose primary product or service is not insurance. This includes banks and retailers ...


Download Unlimited Documents from Trusted Public Sources

General Insurance Statistics in the US and North America

  • September 2016
    107 pages
  • General Insuran...  

    Property Manage...  

  • North America  

    United States  

View report >

Life Insurance Industry in India

  • September 2016
    8 pages
  • Life Insurance  

  • India  

View report >

Insurance Markets in Australia - Forecast

  • September 2016
    4 pages
  • Insurance  

  • Australia  

    United States  

    Oceania  

View report >

Related Market Segments :

General Insurance
Insurance
Life Insurance

ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.