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Guatemala Insurance Report Q4 2017

Guatemala Insurance Report Q4 2017

BMI View:

The life and non-life insurance sectors offer solid growth potential in Guatemala where, in general, the market remains in the earlier stages of development. The non-life sector is the larger of the two and is dominated by basic lines such as motor, health and property insurance. Coverage rates remain minimal in the life sector, though gradual improvements to household income and employment rates combined with positive demographic trends will support steady growth in written premiums.

Key Updates And Forecasts

The small size of the market means that Guatemala is not an investment priority for some multinationals in the region. This has been evidenced by the recent withdrawal from the Guatemalan non-life sector of Generali which has disposed of its holding in Aseguradora General.


BMI Industry View
Table: Headline Insurance Forecasts (Guatemala 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Guatemala 2014-2021)
Table: Life Claims (Guatemala 2010-2016)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Guatemala 2014-2021)
Table: Non-Life Claims (Guatemala 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Guatemala 2014-2021)
Industry Risk/Reward Index
Latin America And The Caribbean Insurance Risk/Reward Index
Table: Latin America And The Caribbean Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Life Market Share (USDmn), 2013-2016
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Market Share (USDmn), 2013-2016
Company Profile
G&T Continental
MAPFRE
PALIG
Seguros el Roble
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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