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Central America Insurance Report Q1 2016

Central America Insurance Report Q1 2016

Central America Insurance Report Q1 2016

BMI View: Central America's insurance markets differ significantly in many ways from one another, interms of scale, development, competition and product composition. Growth rates vary, although mostoutperform more developed markets despite ongoing structural issues and currency weakness in much ofthe region. Consolidation would bolster development in many markets, as would innovation in low-costproducts, including microinsurance which has a limited presence in Central America.BMI expects Central American insurance markets to continue to grow rapidly in the coming years. Annualgrowth rates outside Nicaragua, the region's underperformer, will consistently hit high single-digit rates,with some sectors consistently posting growth rates in excess of 10%. We highlight Costa Rica and ElSalvador as markets which will outperform in absolute terms. Consumers in these insurance markets havethe greatest ability to afford insurance and the insurance companies that operate are established and able todeliver.


BMI Industry View
SWOT
Panama Industry Forecast
Panama Life Premiums Forecast
Table: Life Premiums (Panama 2012-2019)
Table: Life Insurance Claims (Panama 2007-2014)
Panama Non-Life Premiums Forecast
Table: Non-Life Premiums (Panama 2012-2019)
Table: Non-Life Insurance Claims (Panama 2008-2014)
Panama Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Panama 2012-2019)
Costa Rica Industry Forecast
Costa Rica Life Premiums Forecast
Table: Life Premiums (Costa Rica 2012-2019)
Table: Life Insurance Claims (Costa Rica 2007-2014)
Costa Rica Non-Life Premiums Forecast
Table: Non-Life Premiums (Costa Rica 2012-2019)
Table: Non-Life Insurance Claims (Costa Rica 2010-2014)
Costa Rica Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Costa Rica 2012-2019)
Guatemala Industry Forecast
Guatemala Life Premiums Forecast
Table: Life Premiums (Guatemala 2012-2019)
Table: Life Insurance Claims (Guatemala 2007-2014)
Guatemala Non-Life Premiums Forecast
Table: Non-Life Premiums (Guatemala 2012-2019)
Table: Non-Life Insurance Claims (Guatemala 2008-2014)
Guatemala Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Guatemala 2012-2019)
El Salvador Industry Forecast
El Salvador Life Premiums Forecast
Table: Life Premiums (El Salvador 2012-2019)
Table: Life Insurance Claims (El Salvador 2010-2014)
El Salvador Non-Life Premiums Forecast
Table: Non-Life Premiums (El Salvador 2012-2019)
Table: Non-Life Insurance Claims (El Salvador 2008-2014)
El Salvador Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (El Salvador 2012-2019)
Honduras Industry Forecast
Honduras Life Premiums Forecast
Table: Life Premiums (Honduras 2012-2019)
Table: Life Insurance Claims (Honduras 2007-2014)
Honduras Non-Life Premiums Forecast
Table: Non-Life Premiums (Honduras 2012-2019)
Table: Non-Life Insurance Claims (Honduras 2008-2014)
Honduras Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Honduras 2012-2019)
Nicaragua Industry Forecast
Nicaragua Life Premiums Forecast
Table: Life Premiums (Nicaragua 2012-2019)
Table: Life Insurance Claims (Nicaragua 2007-2014)
Nicaragua Non-Life Premiums Forecast
Table: Non-Life Premiums (Nicaragua 2012-2019)
Table: Non-Life Insurance Claims (Nicaragua 2008-2014)
Nicaragua Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Nicaragua 2012-2019)
Insurance Risk/Reward Index
Latin America Insurance Risk/Reward Index
Table: Latin America and the Caribbean Insurance Risk/Reward Index
Market Overview
Panama Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market Share (%), 2010-2014
Table: Non-Life Insurance Market Share (USDmn) 2010-2014
Costa Rica Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market Share USDmn 2011-2014
Table: Non-Life Insurance Market Share (USDmn) 2011-2014
Guatemala Market Overview
The Product Offering
The Competitive Landscape
Table: Life Market Share USDmn 2012-2014
Table: Non-Life Market Share (USDmn) 2012-2014
El Salvador Market Overview
The Product Offering
The Competitive Landscape
Table: Life Market Share (%), 2011-2014
Table: Non-Life Market Share (%), 2011-2014
Honduras Market Overview
The Product Offering
The Competitive Landscape
Table: Life Market Share USDmn, 2007-2014
Table: Non-Life Market Share USDmn, 2007-2014
Nicaragua Market Overview
The Product Offering
The Competitive Landscape
Table: Life Market Share USDmn 2007-2014
Table: Non-Life Market Share USDmn 2007-2014
Company Profile
ASSA
Ficohsa Seguros - Honduras
Iniser - Nicaragua
INS - Costa Rica
MAPFRE
Pan-American Life Insurance Group (PALIG)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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