Life Insurance & Pension in Mexico
Description
Life Insurance & Pension in Mexico
Summary
Life Insurance & Pension in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Life Insurance & Pension in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). 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 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 a loss of income to the household.
- The Mexican life insurance & pension market recorded gross written premiums of $19.9 billion in 2024, representing a compound annual growth rate (CAGR) of 7.2% between 2019 and 2024.
- The life insurance segment accounted for the market's largest proportion in 2024, with total gross written premiums of $17.8 billion, equivalent to 89.4% of the market's overall value.
- In 2024, Mexico accounted for 2.4% share of the North American life insurance & pension market.
- 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 by both value and volume
- What was the size of the Mexico life insurance & pension market by value in 2024?
- What will be the size of the Mexico life insurance & pension market in 2029?
- 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?
- Who are the top competitors in 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 strengths and strategies of the leading players?
- 7.4. What are the recent developments in the market?
- 7.5. What are the challenges in the market?
- 8 Company Profiles
- 8.1. BBVA
- 8.2. Grupo Nacional Provincial SAB
- 8.3. MetLife Inc
- 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, 2019-24
- Table 2: Mexico life insurance & pension market category segmentation: % share, by value, 2019-24
- Table 3: Mexico life insurance & pension market category segmentation: $ billion, 2019-24
- Table 4: Mexico life insurance & pension market geography segmentation: $ billion, 2024
- Table 5: Mexico life insurance & pension market value forecast: $ billion, 2024-29
- Table 6: Mexico life insurance & pension market share: % share, by value, 2024
- Table 7: BBVA: Key Facts
- Table 8: BBVA: Annual Financial Ratios
- Table 9: BBVA: Key Employees
- Table 10: BBVA: Key Employees Continued
- Table 11: Grupo Nacional Provincial SAB: Key Facts
- Table 12: Grupo Nacional Provincial SAB: Annual Financial Ratios
- Table 13: Grupo Nacional Provincial SAB: Key Employees
- Table 14: Grupo Nacional Provincial SAB: Key Employees Continued
- Table 15: MetLife Inc: Key Facts
- Table 16: MetLife Inc: Annual Financial Ratios
- Table 17: MetLife Inc: Key Employees
- Table 18: Grupo Financiero Banorte SAB de CV: Key Facts
- Table 19: Grupo Financiero Banorte SAB de CV: Annual Financial Ratios
- Table 20: Grupo Financiero Banorte SAB de CV: Key Employees
- Table 21: Mexico Size of Population (Million), 2020-24
- Table 22: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 23: Mexico GDP (Current Prices, $ Billion), 2020-24
- Table 24: Mexico Inflation, 2020-24
- Table 25: Mexico Consumer Price Index (Absolute), 2020-24
- Table 26: Mexico Exchange Rate, 2019-24
- List of Figures
- Figure 1: Mexico life insurance & pension market value: $ billion, 2019-24
- Figure 2: Mexico life insurance & pension market category segmentation: $ billion, 2019-24
- Figure 3: Mexico life insurance & pension market geography segmentation: % share, by value, 2024
- Figure 4: Mexico life insurance & pension market value forecast: $ billion, 2024-29
- Figure 5: Forces driving competition in the life insurance & pension market in Mexico, 2024
- Figure 6: Drivers of buyer power in the life insurance & pension market in Mexico, 2024
- Figure 7: Drivers of supplier power in the life insurance & pension market in Mexico, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Mexico, 2024
- Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Mexico, 2024
- Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Mexico, 2024
- Figure 11: Mexico life insurance & pension market share: % share, by value, 2024
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