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Life Insurance & Pension in Mexico

Publisher MarketLine
Published Nov 14, 2024
Length 46 Pages
SKU # MTLN19546852

Description

Life Insurance & Pension in Mexico

Summary

Life Insurance & Pension in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
  • The Mexican life insurance & pension market recorded gross written premiums of $19.8 billion in 2023, representing a compound annual growth rate (CAGR) of 9.4% between 2018 and 2023.
  • The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $17.7 billion, equivalent to 89.4% of the market's overall value.
  • The growth in the Mexican life insurance & pension market is driven by the increasing population of individuals aged 65 and above. This demographic shift is fuelling demand for retirement savings plans and income protection policies as people seek financial security for their post-retirement years. According to Eurostat, the population of individuals aged 65 and above in Mexico stood at 9.4 million in 2023, an increase of 4.2% from the previous year.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in Mexico
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in Mexico
  • Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Mexico life insurance & pension market with five year forecasts
Reasons to Buy
  • What was the size of the Mexico life insurance & pension market by value in 2023?
  • What will be the size of the Mexico life insurance & pension market in 2028?
  • What factors are affecting the strength of competition in the Mexico life insurance & pension market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Mexico's life insurance & pension market?

Table of Contents

46 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What are the strengths of the leading players?
8 Company Profiles
8.1. BBVA
8.2. MetLife Inc
8.3. Grupo Nacional Provincial SAB
8.4. Grupo Financiero Banorte SAB de CV
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Mexico life insurance & pension market value: $ billion, 2018-23
Table 2: Mexico life insurance & pension market category segmentation: % share, by value, 2018-23
Table 3: Mexico life insurance & pension market category segmentation: $ billion, 2018-23
Table 4: Mexico life insurance & pension market geography segmentation: $ billion, 2023
Table 5: Mexico life insurance & pension market value forecast: $ billion, 2023-28
Table 6: Mexico life insurance & pension market share: % share, by value, 2023
Table 7: BBVA: Key Facts
Table 8: BBVA: Annual Financial Ratios
Table 9: BBVA: Key Employees
Table 10: BBVA: Key Employees Continued
Table 11: MetLife Inc: Key Facts
Table 12: MetLife Inc: Annual Financial Ratios
Table 13: MetLife Inc: Key Employees
Table 14: Grupo Nacional Provincial SAB: Key Facts
Table 15: Grupo Nacional Provincial SAB: Annual Financial Ratios
Table 16: Grupo Nacional Provincial SAB: Key Employees
Table 17: Grupo Financiero Banorte SAB de CV: Key Facts
Table 18: Grupo Financiero Banorte SAB de CV: Annual Financial Ratios
Table 19: Grupo Financiero Banorte SAB de CV: Key Employees
Table 20: Mexico Size of Population (million), 2019-23
Table 21: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 22: Mexico GDP (Current Prices, $ Billion), 2019-23
Table 23: Mexico Inflation, 2019-23
Table 24: Mexico Consumer Price Index (Absolute), 2019-23
Table 25: Mexico Exchange Rate, 2018-23
List of Figures
Figure 1: Mexico life insurance & pension market value: $ billion, 2018-23
Figure 2: Mexico life insurance & pension market category segmentation: $ billion, 2018-23
Figure 3: Mexico life insurance & pension market geography segmentation: % share, by value, 2023
Figure 4: Mexico life insurance & pension market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the life insurance & pension market in Mexico, 2023
Figure 6: Drivers of buyer power in the life insurance & pension market in Mexico, 2023
Figure 7: Drivers of supplier power in the life insurance & pension market in Mexico, 2023
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Mexico, 2023
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Mexico, 2023
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Mexico, 2023
Figure 11: Mexico life insurance & pension market share: % share, by value, 2023

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