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Guatemala Insurance Report Q2 2016

  • March 2016
  • -
  • Business Monitor International
  • -
  • 49 pages

Includes 3 FREE quarterly updates

BMI View: Growth will slow from recent double-digit rates to a more sustainable 7-8% over the five yearsto 2020. The life sector is set to outperform the non-life market, but health insurance will be the big winnerin the industry overall, driven in part by inadequate public health provisions. Non-life premiums are set toreach USD1bn by 2020. Competition is high, with the fragmentation in the market hampering theprofitability and scale that would allow the market to grow faster, although low incomes also harm thesector's prospects.

Key Updates And Forecasts

- The merger of PALIG and Mutual trust Holding Company is likely to see the former reduce itsengagement with Central American markets, to the detriment of the life sector.

- Part-year reports suggest that the life sector underperformed expectations in 2015.

- Corruption scandals in the construction sector pose a risk to the development prospects of propertyinsurance.

Table Of Contents

Guatemala Insurance Report Q2 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Guatemala 2013-2020) 7
SWOT 8
Insurance 8
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Guatemala 2013-2020) 12
Table: Life Insurance Claims (Guatemala 2008-2014) 12
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Guatemala 2013-2020) 16
Table: Non-Life Insurance Claims (Guatemala 2009-2014) 16
Non-Life Sub-Sector Forecast 17
Motor: Declining Share 18
Tansport: A Minor Line, Declining 19
Property: A Large Line, Still Growing 20
Health: Well Established, Substantial Upside Outlook 21
Personal Accident: Small Line, Steady Prospects 22
Table: Non-Life Insurance Premiums By Product Line (Guatemala 2013-2020) 23
Industry Risk Reward Ratings 25
Latin America Insurance Risk/Reward Index 25
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q216 26
Market Overview 27
Life Market Overview 27
Table: Life Market Share, 2012-2014 (USDmn) 29
Table: Life Market Share, 2012-2014 (%) 30
Non-Life Market Overview 31
Table: Non-Life Market Share, 2012-2014 (USDmn) 32
Table: Non-Life Market Share, %, 2012-2014 33
Company Profile 35
GandT Continental 35
MAPFRE 37
PALIG 39
Seguros el Roble 41
Methodology 43
Industry Forecast Methodology 43
Risk/Reward Index Methodology 46
Table: Indicators 48
Table: Weighting of Indicators 49

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