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Life Insurance in Uruguay, Key Trends and Opportunities to 2021

Life Insurance in Uruguay, Key Trends and Opportunities to 2021

Synopsis

Timetric’s 'Life Insurance in Uruguay, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Uruguayan life insurance segment, and a comparison of the Uruguayan 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 (2012–2016) and forecast period (2016–2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Uruguayan 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 Uruguay, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Uruguayan life insurance segment, including:

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

This report provides a comprehensive analysis of the life insurance segment in Uruguay:
  • It provides historical values for the Uruguayan life insurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
  • It offers a detailed analysis of the key categories in the Uruguayan life insurance segment, and market forecasts to 2021.
  • It provides a comparison of the Uruguayan life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Uruguay.
  • It profiles the top life insurance companies in Uruguay 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 Uruguayan life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Uruguayan 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 Uruguayan insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Uruguay permits 100% foreign direct investment in its insurance industry.
  • In October 2016, the Canadian insurer Fairfax announced plans to take over AIG’s operations in Uruguay, as well as other Latin American countries such as Argentina, Chile, Brazil and Venezuela. The deal’s total value was UYU1.6 billion (US$240.0 million).
  • As of 2016, nine insurers were licensed to conduct life insurance business in the country.


  • Key Facts and Highlights
    • Table Uruguayan Life Insurance - Key Facts, 2016
    • Table Uruguayan Life Insurance - Segment Shares of the Top Insurers, 2016
  • Executive Summary
  • Economy and Demographics
    • Table Uruguayan Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Uruguayan Life Insurance - Gross Written Premium (UYU Billion and US$ Million), 2012-2016
        • Table Uruguayan Life Insurance - Penetration (%), 2012-2016
        • Table Uruguayan Life Insurance - Gross Written Premium (UYU Billion and US$ Million), 2016-2021
        • Table Uruguayan Life Insurance - Penetration (%), 2016-2021
        • Table Uruguayan Life Insurance - Premium per Capita (UYU and US$), 2012-2016
        • Table Uruguayan Life Insurance - Premium per Capita (UYU and US$), 2016-2021
      • Claims
        • Table Uruguayan Life Insurance - Paid Claims (UYU Billion and US$ Million), 2012-2016
        • Table Uruguayan Life Insurance - Paid Claims (UYU Billion and US$ Million), 2016-2021
      • Assets and investments
        • Table Uruguayan Life Insurance - Total Assets (UYU Billion and US$ Billion), 2012-2016
        • Table Uruguayan Life Insurance - Total Assets (UYU Billion and US$ Billion), 2016-2021
        • Table Uruguayan Life Insurance - Total Investment Income (UYU Billion and US$ Million), 2012-2016
        • Table Uruguayan Life Insurance - Total Investment Income (UYU Billion and US$ Million), 2016-2021
        • Table Uruguayan Life Insurance - Investment Portfolio (UYU Billion), 2012-2016
        • Table Uruguayan Life Insurance - Investment Portfolio (UYU Billion), 2016-2021
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Uruguayan Life Insurance - Segment Shares of the Leading Insurers (%), 2016
    • Company Profiles
      • Banco de Seguros del Estado - company overview
        • Table Banco de Seguros del Estado - Key Facts
        • Table Banco de Seguros del Estado - Key Financials (UYU Million), 2012-2016
      • Mapfre La Uruguaya SA (Vida) - company overview
        • Table Mapfre La Uruguaya SA (Vida) - Key Facts
        • Table Mapfre La Uruguaya SA (Vida) - Key Financials (UYU Million), 2012-2016
      • MetLife Seguros SA - company overview
        • Table MetLife Seguros SA - Key Facts
        • Table MetLife Seguros SA - Key Financials (UYU Million), 2012-2016
      • Compañia Cooperativa de Seguros Surco - company overview
        • Table Compañia Cooperativa de Seguros Surco - Key Facts
        • Table Compañia Cooperativa de Seguros Surco - Key Financials (UYU Million), 2012-2016
      • Zurich Santander Seguros Uruguay SA - company overview
        • Table Zurich Santander Seguros Uruguay SA - Key Facts
        • Table Zurich Santander Seguros Uruguay SA - Key Financials (UYU Million), 2012-2016
  • Governance, Risk and Compliance
    • Table Uruguay - 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 Uruguay - Life Insurance Regulatory Framework
      • Property insurance
        • Table Uruguay - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Uruguay - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Uruguay - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Workers' compensation insurance
      • Motor third-party liability insurance
      • Liability for ships with respect to oil pollution
      • Aviation liability insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Association of Insurance Supervisors Latin America
      • Superintendence of Insurance and Reinsurance
      • Asociación Uruguaya de Empresas Aseguradoras
    • 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 margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxations
        • Table Uruguay - Insurance Premium Tax Rates
      • Withholding taxes on premium paid overseas.
      • Corporate tax
        • Table Uruguay - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Uruguayan Life Insurance - Policies and Premium, 2012-2016
      • Table Uruguayan Life Insurance - Policies and Premium, 2016-2021
    • Claims and Expenses
      • Table Uruguayan Life Insurance - Claims and Expenses, 2012-2016
      • Table Uruguayan Life Insurance - Claims and Expenses, 2016-2021
    • Assets and Investments
      • Table Uruguayan Life Insurance - Assets and Investments, 2012-2016
      • Table Uruguayan Life Insurance - Assets and Investments, 2016-2021
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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