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Guatemala Insurance Report Q2 2016

Guatemala Insurance Report Q2 2016

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.


BMI Industry View
Table: Headline Insurance Forecasts (Guatemala 2013-2020)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Guatemala 2013-2020)
Table: Life Insurance Claims (Guatemala 2008-2014)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Guatemala 2013-2020)
Table: Non-Life Insurance Claims (Guatemala 2009-2014)
Non-Life Sub-Sector Forecast
Motor: Declining Share
Tansport: A Minor Line, Declining
Property: A Large Line, Still Growing
Health: Well Established, Substantial Upside Outlook
Personal Accident: Small Line, Steady Prospects
Table: Non-Life Insurance Premiums By Product Line (Guatemala 2013-2020)
Industry Risk Reward Ratings
Latin America Insurance Risk/Reward Index
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
Table: Life Market Share, 2012-2014 (USDmn)
Table: Life Market Share, 2012-2014 (%)
Non-Life Market Overview
Table: Non-Life Market Share, 2012-2014 (USDmn)
Table: Non-Life Market Share, %, 2012-2014
Company Profile
G&T Continental
MAPFRE
PALIG
Seguros el Roble
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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