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The Insurance Industry in Paraguay, Key Trends and Opportunities to 2020

The Insurance Industry in Paraguay, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'The Insurance Industry in Paraguay, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Paraguayan insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011–2015) and forecast periods (2015–2020).

The report also gives a comprehensive overview of Paraguayan economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural and man-made hazards on the insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.

Summary

Timetric’s 'The Insurance Industry Paraguay, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Paraguayan insurance industry, including:

  • An overview of the Paraguayan insurance industry
  • The industry's growth prospects by segment and category
  • A comprehensive overview of the Paraguayan economy and demographics
  • The detailed competitive landscape in the industry
  • Detailed regulatory policies of the industry
  • An analysis of natural hazards in the industry
Scope

This report provides a comprehensive analysis of the insurance industry in Paraguay:
  • It provides historical values for the Paraguayan insurance industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key segments in the industry, with market forecasts to 2020.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It profiles the top insurance companies in Paraguay, and outlines the key regulations affecting them.
  • It covers the economy and demographic structure of Paraguay.
  • It analyzes the impact of natural and man-made hazards in the Paraguayan insurance industry.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Paraguayan insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the industry.
  • Assess the competitive dynamics in the industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the industry, and their impact on companies and the industry's future.
Key Highlights
  • Paraguay is a lower-middle income country that is heavily dependent on agricultural exports.
  • The Paraguayan insurance industry is supervised and regulated by the Superintendente de Seguros.
  • Composite insurance is not permitted in the industry, but both life and property insurance companies can underwrite and sell accident and health insurance.
  • In May 2014, mandatory traffic accident insurance was reintroduced in Paraguay, and was applicable for all types of automobile.
  • The industry posted a review-period CAGR of 15.1%, due to a favorable regulatory environment and economic recovery.
  • Non-life insurance is the leading segment, and accounted for 83.8% of the industry’s gross written premium in 2015.


  • Key Facts and Highlights
    • Table Paraguayan Insurance Industry – Key Facts, 2015
    • Table Paraguayan Insurance Industry – Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Paraguayan Government Credit Ratings
  • Industry Outlook
    • Regional Comparison
    • Industry Indicators
      • Gross written premium
        • Table Paraguayan Insurance Industry – Gross Written Premium by Segment (PYG Billion), 2011–2015
        • Table Paraguayan Insurance Industry – Gross Written Premium by Segment (PYG Billion), 2015–2020
        • Table Paraguayan Insurance Industry – Density (Direct Written Premium Per Capita) by Segment (PYG), 2011–2015
        • Table Paraguayan Insurance Industry – Density (Direct Written Premium Per Capita) by Segment (PYG), 2015–2020
      • Claims
        • Table Paraguayan Insurance Industry – Paid Claims by Segment(PYG Billion), 2011–2015
        • Table Paraguayan Insurance Industry – Paid Claims by Segment(PYG Billion), 2015–2020
      • Assets and investments
        • Table Paraguayan Insurance Industry – Total Assets by Segment (PYG Billion), 2011–2015
        • Table Paraguayan Insurance Industry – Total Assets by Segment (PYG Billion), 2015–2020
        • Table Paraguayan Insurance Industry – Total Investment Income by Segment (PYG Billion), 2011–2015
        • Table Paraguayan Insurance Industry – Total Investment Income by Segment (PYG Billion), 2015–2020
  • Life Insurance Outlook
    • Gross Written Premium
      • Table Paraguayan Individual Life Insurance – Gross Written Premium (PYG Billion and US$ Million), 2011–2015
      • Table Paraguayan Individual Life Insurance – Gross Written Premium (PYG Billion and US$ Million), 2015–2020
    • Penetration
  • Non-Life Insurance Outlook
    • Gross Written Premium
      • Table Paraguayan Non-Life Insurance – Gross Written Premium (PYG Billion and US$ Million), 2011–2015
      • Table Paraguayan Non-Life Insurance – Gross Written Premium (PYG Billion and US$ Million), 2015–2020
    • Property Insurance
      • Gross written premium
        • Table Paraguayan Property Insurance – Gross Written Premium (PYG Billion and US$ Million), 2011–2015
        • Table Paraguayan Property Insurance – Gross Written Premium (PYG Billion and US$ Million), 2015–2020
      • Penetration
      • Claims
        • Table Paraguayan Property Insurance – Paid Claims (PYG Billion and US$ Million),2011–2015
        • Table Paraguayan Property Insurance – Paid Claims (PYG Billion and US$ Million), 2015–2020
      • Profitability
        • Table Paraguayan Property Insurance – Loss Ratio (%),2011–2015
        • Table Paraguayan Property Insurance – Loss Ratio(%), 2015–2020
    • Motor Insurance
      • Gross written premium
        • Table Paraguayan Motor Insurance – Gross Written Premium (PYG Billion and US$ Million), 2011–2015
        • Table Paraguayan Motor Insurance – Gross Written Premium (PYG Billion and US$ Million), 2015–2020
      • Penetration
      • Claims
        • Table Paraguayan Motor Insurance – Paid Claims (PYG Billion and US$ Million),2011–2015
        • Table Paraguayan Motor Insurance – Paid Claims (PYG Billion and US$ Million), 2015–2020
      • Profitability
        • Table Paraguayan Motor Insurance – Loss Ratio (%),2011–2015
        • Table Paraguayan Motor Insurance – Loss Ratio(%), 2015–2020
    • Liability Insurance
      • Gross written premium
        • Table Paraguayan Liability Insurance – Gross Written Premium (PYG Billion and US$ Million), 2011–2015
        • Table Paraguayan Liability Insurance – Gross Written Premium (PYG Billion and US$ Million), 2015–2020
      • Penetration
      • Claims
        • Table Paraguayan Liability Insurance – Paid Claims (PYG Billion and US$ Million),2011–2015
        • Table Paraguayan Liability Insurance – Paid Claims (PYG Billion and US$ Million), 2015–2020
      • Profitability
        • Table Paraguayan Liability Insurance – Loss Ratio (%),2011–2015
        • Table Paraguayan Liability Insurance – Loss Ratio(%), 2015–2020
    • Marine, Aviation and Transit Insurance
      • Gross written premium
        • Table Paraguayan Marine, Aviation and Transit Insurance – Gross Written Premium (PYG Billion and US$ Million), 2011–2015
        • Table Paraguayan Marine, Aviation and Transit Insurance – Gross Written Premium (PYG Billion and US$ Million), 2015–2020
      • Penetration
      • Claims
        • Table Paraguayan Marine, Aviation and Transit Insurance – Paid Claims (PYG Billion and US$ Million),2011–2015
        • Table Paraguayan Marine, Aviation and Transit Insurance – Paid Claims (PYG Billion and US$ Million), 2015–2020
      • Profitability
        • Table Paraguayan Marine, Aviation and Transit Insurance – Loss Ratio (%),2011–2015
        • Table Paraguayan Marine, Aviation and Transit Insurance – Loss Ratio(%), 2015–2020
  • Personal Accident and Health Insurance Outlook
    • Table Paraguayan Personal Accident and Health Insurance – Gross Written Premium (PYG Billion and US$ Million), 2011–2015
    • Table Paraguayan Personal Accident and Health Insurance – Gross Written Premium (PYG Billion and US$ Million), 2015–2020
    • Personal Accident Insurance
      • Gross written premium
        • Table Paraguayan Personal Accident Insurance – Gross Written Premium (PYG Billion and US$ Million), 2011–2015
        • Table Paraguayan Personal Accident Insurance – Gross Written Premium (PYG Billion and US$ Million), 2015–2020
      • Penetration
      • Claims
        • Table Paraguayan Personal Accident Insurance – Paid Claims (PYG Billion and US$ Million),2011–2015
        • Table Paraguayan Personal Accident Insurance – Paid Claims (PYG Billion and US$ Million), 2015–2020
      • Profitability
        • Table Paraguayan Personal Accident Insurance – Loss Ratio (%),2011–2015
        • Table Paraguayan Personal Accident Insurance – Loss Ratio(%), 2015–2020
    • Health Insurance
      • Gross written premium
        • Table Paraguayan Health Insurance – Gross Written Premium (PYG Million and US$), 2011–2015
        • Table Paraguayan Health Insurance – Gross Written Premium (PYG Million and US$), 2015–2020
      • Penetration
      • Claims
        • Table Paraguayan Health Insurance – Paid Claims (PYG Million and US$),2012–2015
        • Table Paraguayan Health Insurance – Paid Claims (PYG Million and US$), 2015–2020
      • Profitability
        • Table Paraguayan Personal Accident Insurance – Loss Ratio (%),2011–2015
        • Table Paraguayan Health Insurance – Loss Ratio(%), 2015–2020
    • Travel Insurance
      • Gross Written Premium
        • Table Paraguayan Travel Insurance – Gross Written Premium (PYG Billion and US$ Million), 2011–2015
        • Table Paraguayan Travel Insurance – Gross Written Premium (PYG Billion and US$ Million), 2015–2020
      • Penetration
      • Claims
        • Table Paraguayan Travel Insurance – Paid Claims (PYG Billion and US$ Million),2011–2015
        • Table Paraguayan Travel Insurance – Paid Claims (PYG Billion and US$ Million), 2015–2020
      • Profitability
        • Table Paraguayan Travel Insurance – Loss Ratio (%),2011–2015
        • Table Paraguayan Travel Insurance – Loss Ratio(%), 2015–2020
  • Reinsurance Outlook
    • Reinsurance Accepted
      • Table Paraguayan Reinsurance – Premium Accepted by Category (PYG Billion and US$ Million), 2011–2015
    • Premium Ceded
      • Table Paraguayan Reinsurance – Premium Ceded by Insurance Segment (PYG Billion), 2011–2015
      • Table Paraguayan Reinsurance – Premium Ceded by Insurance Segment (PYG Billion), 2015–2020
  • Natural Hazards
    • Table Paraguayan Average Annual Loss by Hazard
    • Flooding
    • Storms
    • Epidemics
  • Competitive Landscape
    • Table Paraguayan Insurance Industry – Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Mapfre Paraguay Compañí a de Seguros SA – company overview
        • Table Mapfre Paraguay Compañí a de Seguros SA – Key Facts
        • Table Mapfre Paraguay Compañí a de Seguros SA – Key Financials (PYG Billion), 2011–2015
      • Aseguradora del Este SA de Seguros y Reaseguros – company overview
        • Table Aseguradora del Este SA de Seguros y Reaseguros – Key Facts
        • Table Aseguradora del Este SA de Seguros y Reaseguros – Key Financials (PYG Billion), 2011–2015
      • La Consolidada SA de Seguros – company overview
        • Table La Consolidada SA de Seguros – Key Facts
        • Table La Consolidada SA de Seguros – Key Financials (PYG Billion), 2011–2015
      • Aseguradora Yacyreta SA de Seguros y Reaseguros – company overview
        • Table Aseguradora Yacyreta SA de Seguros y Reaseguros – Key Facts
        • Table Aseguradora Yacyreta SA de Seguros y Reaseguros – Key Financials (PYG Billion), 2011–2015
      • Seguridad SA Compañí a de Seguros – company overview
        • Table Seguridad SA Compañí a de Seguros – Key Facts
        • Table Seguridad SA Compañí a de Seguros – Key Financials (PYG Billion), 2011–2015
  • Governance, Risk and Compliance
    • Table Paraguay – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life Insurance
        • Table Paraguay – Life Insurance Regulatory Framework
      • Property Insurance
        • Table Paraguay – Property Insurance Regulatory Framework
      • Motor Insurance
        • Table Paraguay – Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Paraguay – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Compulsory traffic accident insurance
      • Insurance for passengers of public transport
      • Aviation third-party liability insurance
        • Table Paraguay – SOAT Tariff Rates
      • Social security scheme
      • Professional indemnity insurance for reinsurance brokers
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Association of Insurance Supervisors Latin America
      • Superintendent of Insurance
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
        • Table Paraguay – Minimum Capital Requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxations
      • Withholding taxes on premium paid overseas.
      • Corporate tax
        • Table Paraguay – Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Life Insurance
      • Policies and premium
        • Table Paraguayan Life Insurance – Policies and Premium, 2011–2015
        • Table Paraguayan Life Insurance – Policies and Premium, 2015–2020
      • Claims and expenses
        • Table Paraguayan Life Insurance – Claims and Expenses, 2011–2015
        • Table Paraguayan Life Insurance – Claims and Expenses, 2015–2020
      • Assets and investments
        • Table Paraguayan Life Insurance – Assets and Investments, 2011–2015
        • Table Paraguayan Life Insurance – Assets and Investments, 2015–2020
      • Individual life insurance
        • Table Paraguayan Life Insurance – Individual Life Insurance, 2011–2015
        • Table Paraguayan Life Insurance – Individual Life Insurance, 2015–2020
      • Individual life insurance by product
        • Table Paraguayan Life Insurance – Individual Life Insurance by Product, 2011–2015
        • Table Paraguayan Life Insurance – Individual Life Insurance by Product, 2015–2020
      • Non-linked policies
        • Table Paraguayan Life Insurance – Non-Linked Policies, 2011–2015
        • Table Paraguayan Life Insurance –Non-Linked Policies, 2015–2020
    • Non-Life Insurance
      • Policies and premium
        • Table Paraguayan Non-Life Insurance – Policies and Premium, 2011–2015
        • Table Paraguayan Non-Life Insurance – Policies and Premium, 2015–2020
      • Claims and expenses
        • Table Paraguayan Non-Life Insurance – Claims and Expenses, 2011–2015
        • Table Paraguayan Non-Life Insurance – Claims and Expenses, 2015–2020
      • Assets and investments
        • Table Paraguayan Non-Life Insurance – Assets and Investments, 2011–2015
        • Table Paraguayan Non-Life Insurance – Assets and Investments, 2015–2020
      • Property insurance
        • Table Paraguayan Non-Life Insurance – Property Insurance, 2011–2015
        • Table Paraguayan Non-Life Insurance – Property Insurance, 2015–2020
      • Property insurance by product
        • Table Paraguayan Non-Life Insurance – Property Insurance by Product, 2011–2015
        • Table Paraguayan Non-Life Insurance – Property Insurance by Product, 2015–2020
      • Motor insurance
        • Table Paraguayan Non-Life Insurance – Motor Insurance, 2011–2015
        • Table Paraguayan Non-Life Insurance – Motor Insurance, 2015–2020
      • Liability insurance
        • Table Paraguayan Non-Life Insurance – Liability Insurance, 2011–2015
        • Table Paraguayan Non-Life Insurance – Liability Insurance, 2015–2020
      • Marine, aviation and transit insurance
        • Table Paraguayan Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015
        • Table Paraguayan Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020
    • Personal Accident and Health Insurance
      • Policies and premium
        • Table Paraguayan Personal Accident and Health Insurance – Policies and Premium, 2011–2015
        • Table Paraguayan Personal Accident and Health Insurance – Policies and Premium, 2015–2020
      • Claims and expenses
        • Table Paraguayan Personal Accident and Health Insurance – Claims and Expenses, 2011–2015
        • Table Paraguayan Personal Accident and Health Insurance – Claims and Expenses, 2015–2020
      • Assets and investments
        • Table Paraguayan Personal Accident and Health Insurance – Assets and Investments, 2011–2015
        • Table Paraguayan Personal Accident and Health Insurance – Assets and Investments, 2015–2020
      • Personal accident insurance
        • Table Paraguayan Personal Accident and Health Insurance – Personal Accident Insurance, 2011–2015
        • Table Paraguayan Personal Accident and Health Insurance – Personal Accident Insurance, 2015–2020
      • Health insurance
        • Table Paraguayan Personal Accident and Health Insurance – Health Insurance, 2011–2015
        • Table Paraguayan Personal Accident and Health Insurance – Health Insurance, 2015–2020
      • Travel insurance
        • Table Paraguayan Personal Accident and Health Insurance – Travel Insurance, 2011–2015
        • Table Paraguayan Personal Accident and Health Insurance – Travel Insurance, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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