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Life Insurance in Mexico

Life Insurance in Mexico

Summary

Life Insurance in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the Mexico life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
The Mexican life insurance market had total gross written premiums of $11.9bn in 2017, representing a compound annual growth rate (CAGR) of 8.9% between 2013 and 2017.
The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of $9.7bn, equivalent to 82.2% of the market's overall value.
Hikes in interest rates since 2016 also improved prospects in the market. It increased from 3% in 2016 to 7.25% in December 2017. Higher interest rates increase investment income and premium income for insurers.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Mexico
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Mexico
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Mexico life insurance market with five year forecasts
Reasons to buy
  • What was the size of the Mexico life insurance market by value in 2017?
  • What will be the size of the Mexico life insurance market in 2022?
  • What factors are affecting the strength of competition in the Mexico life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Mexico's life insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
AXA SA
Grupo Financiero Banorte SA de CV
Grupo Nacional Provincial, S.A.B.
MetLife Mexico SA
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Mexico life insurance market value: $ billion, 2013-
Table 2: Mexico life insurance market category segmentation: $ billion,
Table 3: Mexico life insurance market geography segmentation: $ billion,
Table 4: Mexico life insurance market share: % share, by value,
Table 5: Mexico life insurance market value forecast: $ billion, 2017-
Table 6: AXA SA: key facts
Table 7: AXA SA: key financials ($)
Table 8: AXA SA: key financials (€)
Table 9: AXA SA: key financial ratios
Table 10: Grupo Financiero Banorte SA de CV: key facts
Table 11: Grupo Financiero Banorte SA de CV: key financials ($)
Table 12: Grupo Financiero Banorte SA de CV: key financials (MXN)
Table 13: Grupo Financiero Banorte SA de CV: key financial ratios
Table 14: Grupo Nacional Provincial, S.A.B.: key facts
Table 15: Grupo Nacional Provincial, S.A.B.: key financials ($)
Table 16: Grupo Nacional Provincial, S.A.B.: key financials (MXN)
Table 17: Grupo Nacional Provincial, S.A.B.: key financial ratios
Table 18: MetLife Mexico SA: key facts
Table 19: Mexico size of population (million), 2013-
Table 20: Mexico gdp (constant 2005 prices, $ billion), 2013-
Table 21: Mexico gdp (current prices, $ billion), 2013-
Table 22: Mexico inflation, 2013-
Table 23: Mexico consumer price index (absolute), 2013-
Table 24: Mexico exchange rate, 2013-
List of Figures
Figure 1: Mexico life insurance market value: $ billion, 2013-
Figure 2: Mexico life insurance market category segmentation: % share, by value,
Figure 3: Mexico life insurance market geography segmentation: % share, by value,
Figure 4: Mexico life insurance market share: % share, by value,
Figure 5: Mexico life insurance market value forecast: $ billion, 2017-
Figure 6: Forces driving competition in the life insurance market in Mexico,
Figure 7: Drivers of buyer power in the life insurance market in Mexico,
Figure 8: Drivers of supplier power in the life insurance market in Mexico,
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Mexico,
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Mexico,
Figure 11: Drivers of degree of rivalry in the life insurance market in Mexico,
Figure 12: AXA SA: revenues & profitability
Figure 13: AXA SA: assets & liabilities
Figure 14: Grupo Financiero Banorte SA de CV: revenues & profitability
Figure 15: Grupo Nacional Provincial, S.A.B.: revenues & profitability
Figure 16: Grupo Nacional Provincial, S.A.B.: assets & liabilities

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