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Life Insurance in Argentina, Key Trends and Opportunities to 2020

Life Insurance in Argentina, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in Argentina Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Argentine life insurance segment, and a comparison of the Argentine insurance industry with its regional counterparts.

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 period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Argentine economy and demographics, and provides detailed information on the competitive landscape in the country.

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 'Life Insurance in Argentina Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Argentine life insurance segment, including:

  • An overview of the Argentine life insurance segment
  • The Argentine life insurance segment’s growth prospects by category
  • A comprehensive overview of the Argentine economy and demographics
  • A comparison of the Argentine life insurance segment with its regional counterparts
  • The various distribution channels in the Argentine life insurance segment
  • Details of the competitive landscape in the life insurance segment in Argentina
  • Details of regulatory policy applicable to the Argentine insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Argentina:
  • It provides historical values for the Argentine life insurance segment 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 categories in the Argentine life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Argentine life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Argentina.
  • It profiles the top life insurance companies in Argentina and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Argentine life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Argentine life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Argentine insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Life insurance was the second-largest segment in the Argentine insurance industry in 2015, accounting for 16.1% of the industry’s gross written premium.
  • In January 2015, the SSN implemented Resolution 38,477 to help prevent fraud in the insurance industry.
  • In 2015, life segment’s insurance penetration stood at 0.45%.
  • The life segment was highly concentrated, with the 10 leading insurers accounting for 77.9% of the segment’s gross written premium in 2015.
  • Independent agents and brokers are the two most important distribution channels for the life segment in Argentina.


  • Key Facts and Highlights
    • Table Argentine Life Insurance - Key Facts, 2015
    • Table Argentine Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Argentina - Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Argentine Life Insurance - Gross Written Premium (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Life Insurance - Penetration (%), 2011-2015
        • Table Argentine Life Insurance - Gross Written Premium (ARS Billion and US$ Billion), 2015-2020
        • Table Argentine Life Insurance - Penetration (%), 2015-2020
        • Table Argentine Life Insurance - Premium per Capita (ARS and US$), 2011-2015
        • Table Argentine Life Insurance - Premium per Capita (ARS and US$), 2015-2020
      • Policies sold
        • Table Argentine Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Argentine Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Argentine Life Insurance - Paid Claims (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Life Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020
      • Assets and investments
        • Table Argentine Life Insurance - Total Assets (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Life Insurance - Total Assets (ARS Billion and US$ Billion), 2015-2020
        • Table Argentine Life Insurance - Total Investment Income (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Life Insurance - Total Investment Income (ARS Billion and US$ Billion), 2015-2020
        • Table Argentine Life Insurance - Investment Portfolio (ARS Billion), 2011-2015
        • Table Argentine Life Insurance - Investment Portfolio (ARS Billion), 2015-2020
  • Outlook by Sub-Segment
    • Table Argentine Life Insurance - Direct Written Premium by Sub-Segment (ARS Billion),2011-2015
    • Table Argentine Life Insurance - Direct Written Premium by Category (ARS Billion), 2015-2020
    • Individual Life Insurance
      • Premium
        • Table Argentine Individual Life Insurance - Direct Written Premium by Category (ARS Million), 2011-2015
        • Table Argentine Individual Life Insurance - Direct Written Premium by Category (ARS Million), 2015-2020
      • Policies sold
        • Table Argentine Individual Life Insurance - Number of Policies Sold by Category (Thousand), 2011-2015
        • Table Argentine Individual Life Insurance - Number of Policies Sold by Category (Thousand), 2015-2020
      • Penetration
    • Group Life Insurance
      • Premium
        • Table Argentine Group Life Insurance - Direct Written Premium by Category (ARS Billion), 2011-2015
        • Table Argentine Group Life Insurance - Direct Written Premium by Category (ARS Billion), 2015-2020
      • Policies sold
        • Table Argentine Group Life Insurance - Number of Policies Sold by Category (Billion), 2011-2015
        • Table Argentine Group Life Insurance - Number of Policies Sold by Category (Billion), 2015-2020
      • Penetration
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Argentine Life Insurance - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • La Estrella SA Compañía de Seguros de Retiro - company overview
        • Table La Estrella SA Compañía de Seguros de Retiro SA - Key Facts
        • Table La Estrella SA Compañía de Seguros de Retiro SA - Key Financials (ARS Million), 2011-2015
      • BHN Vida SA - company overview
        • Table BHN Vida SA - Key Facts
        • Table BHN Vida SA - Key Financials (ARS Million), 2011-2015
      • HSBC Seguros de Vida Argentina SA - company overview
        • Table HSBC Seguros de Vida Argentina SA - Key Facts
        • Table HSBC Seguros de Vida Argentina SA - Key Financials (ARS Million), 2011-2015
      • Prudential Seguros SA - company overview
        • Table Prudential Seguros SA - Key Facts
        • Table Prudential Seguros SA - Key Financials (ARS Million), 2011-2015
      • Zurich International Life Ltd Sucursal Argentina - company overview
        • Table Zurich International Life Ltd Sucursal Argentina - Key Facts
        • Table Zurich International Life Ltd Sucursal Argentina - Key Financials (ARS Million), 2011-2015
  • Governance, Risk and Compliance
    • Table Argentina - 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 Argentina - Life Insurance Regulatory Framework
      • Property insurance
        • Table Argentina - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Argentina - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Argentina - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Civil liability insurance for passenger transport vehicles
      • Clinical trials liability insurance
      • Social security scheme
      • Professional indemnity insurance for reinsurance brokers
      • Third party liability insurance for lift operators
      • Bond insurance for travel agents
      • Professional indemnity insurance for directors and managers of public and private limited companies
      • Insurance for drones
      • Mandatory group life insurance
      • Liability insurance for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Association of Insurance Supervisors Latin America
      • Superintendence of Insurance
      • Asociacion de Administradores de Riesgos de la Republica Argentina
      • Asociación Argentina de Compañías de Seguros
      • Aseguradores del Interior de la República Argentina
      • Asociación de Aseguradores de Vida y Retiro de la República Argentina
    • 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
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Argentina - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Argentine Life Insurance - Policies and Premium, 2011-2015
      • Table Argentine Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Argentine Life Insurance - Claims and Expenses, 2011-2015
      • Table Argentine Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Argentine Life Insurance - Assets and Investments, 2011-2015
      • Table Argentine Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing
      • Table Argentine Life Insurance - Direct Marketing, 2011-2015
      • Table Argentine Life Insurance - Direct Marketing, 2015-2020
    • Insurance Brokers and Agencies
      • Table Argentine Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Argentine Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Argentine Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Argentine Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Individual Life Insurance
      • Table Argentine Life Insurance - Individual Life Insurance, 2011-2015
      • Table Argentine Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table Argentine Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table Argentine Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Group Life Insurance
      • Table Argentine Life Insurance - Group Life Insurance, 2011-2015
      • Table Argentine Life Insurance - Group Life Insurance, 2015-2020
    • Group Life Insurance by Product
      • Table Argentine Life Insurance - Group Life Insurance by Product, 2011-2015
      • Table Argentine Life Insurance - Group Life Insurance by Product, 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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