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Non-Life Insurance in Mexico

Publisher MarketLine
Published Dec 11, 2025
Length 42 Pages
SKU # MTLN20937033

Description

Non-Life Insurance in Mexico

Summary

Non-Life Insurance 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
  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The Mexican non-life insurance market recorded gross written premiums of $28.8 billion in 2024, representing a compound annual growth rate (CAGR) of 11.2% between 2019 and 2024.
  • The motor segment accounted for the market's largest proportion in 2024, with total gross written premiums of $10.5 billion, equivalent to 36.6% of the market's overall value.
  • In 2024, the Mexican non-life insurance market recorded an annual growth of 10.9%. The growth is driven by increased net household disposable income, enabling consumers to allocate greater financial resources toward risk protection. According to the World Bank, in 2024, the net disposable income per household in Mexico reached $35,629.7, up 2.3% annually.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Mexico
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Mexico
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Mexico non-life insurance market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Mexico non-life insurance market by value in 2024?
  • What will be the size of the Mexico non-life insurance market in 2029?
  • What factors are affecting the strength of competition in the Mexico non-life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Mexico's non-life insurance market?

Table of Contents

42 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. 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. Who are the leading players?
7.2. What are the strengths and strategies of the leading players?
7.3. What are the most recent developments in the market?
8 Company Profiles
8.1. Grupo Nacional Provincial SAB
8.2. AXA Seguros SA de CV
8.3. Qualitas Controladora SAB de CV
8.4. MetLife Mexico SA
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 non-life insurance market value: $ billion, 2019-24
Table 2: Mexico non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Mexico non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Mexico non-life insurance market geography segmentation: $ billion, 2024
Table 5: Mexico non-life insurance market value forecast: $ billion, 2024-29
Table 6: Grupo Nacional Provincial SAB: Key Facts
Table 7: Grupo Nacional Provincial SAB: Annual Financial Ratios
Table 8: Grupo Nacional Provincial SAB: Key Employees
Table 9: Grupo Nacional Provincial SAB: Key Employees Continued
Table 10: AXA Seguros SA de CV: Key Facts
Table 11: AXA Seguros SA de CV: Key Employees
Table 12: Qualitas Controladora SAB de CV: Key Facts
Table 13: Qualitas Controladora SAB de CV: Annual Financial Ratios
Table 14: Qualitas Controladora SAB de CV: Key Employees
Table 15: MetLife Mexico SA: Key Facts
Table 16: MetLife Mexico SA: Key Employees
Table 17: Mexico Size of Population (Million), 2020-24
Table 18: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Mexico GDP (Current Prices, $ Billion), 2020-24
Table 20: Mexico Inflation, 2020-24
Table 21: Mexico Consumer Price Index (Absolute), 2020-24
Table 22: Mexico Exchange Rate, 2019-24
List of Figures
Figure 1: Mexico non-life insurance market value: $ billion, 2019-24
Figure 2: Mexico non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Mexico non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Mexico non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Mexico, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Mexico, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Mexico, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Mexico, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Mexico, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Mexico, 2024

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