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Mexico Insurance Report Q4 2017

BMI View: BMI maintains an excellent five year growth outlook for the Mexican life and non-life insurancesectors. The market is set to benefit tremendously and grow from a steady baseline out to 2021. Multiplefactors will support high rates of life and non-life insurance including rising incomes, growingdiscretionary spending powers and a desire for savings and investment in the country. The Mexican life andnon-life insurance markets are becoming increasingly more attractive investment destinations for (foreign)providers. With the recently introduced Solvency II model, the market has become better regulated - directlybenefiting the customer. With the improving customer awareness of the benefits of insurance solutions andthe improving disposable income levels, the Mexican insurance market should see increased activity fromforeign multinationals. Over the long term, we also foresee some degree of market consolidation as a resultof the greater capital requirements imposed by the new regulations.

Latest Updates And Industry Developments

In 2017, life insurers are expected to write MXN180.7bn (up 6.6% from 2016) or USD9.0bn. Over the2017-2021 period, life premiums are set to grow at an average annual rate of 5.8% - reachingMXN224.3bn (USD13.2bn).


BMI Industry View
Table: Headline Insurance Forecasts (Mexico 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Mexico 2014-2021)
Table: Life Insurance Claims (Mexico 2009-2016)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Mexico 2014-2021)
Table: Non-Life Insurance Claims (Mexico 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Mexico 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 Insurance Market Shares (USDmn) 2009-2014
Table: Company Performance: Life Insurance Market (%) 2008-2014
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Company Performance: Non-Life Insurance Market (USDmn) 2009-2014
Table: Company Performance: Non-Life Insurance Market (%) 2009-2014
Company Profile
AXA Seguros SA de CV
Banorte Seguros
GNP
Monterrey New York Life
Quálitas Compañía de Seguros SAB de CV
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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