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Non-Life Insurance in Argentina, Key Trends and Opportunities to 2020

Non-Life Insurance in Argentina, Key Trends and Opportunities to 2020

Synopsis

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

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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, explains the various types of natural hazard and their impact on the Argentine insurance industry, 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 'Non-Life Insurance in Argentina Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Argentine non-life insurance segment, including:

  • The Argentine non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Argentine economy and demographics
  • A comparison of the Argentine non-life insurance segment with its regional counterparts
  • The various distribution channels in the Argentine non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Argentine insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Argentina
  • Details of regulatory policy applicable to the Argentine insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Argentina:
  • It provides historical values for the Argentine non-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 non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Argentine non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Argentina.
  • It analyzes various natural and man-made hazards and their impact on the Argentine insurance industry
  • It profiles the top non-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 non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Argentine non-life insurance segment.
  • Assess the competitive dynamics in the non-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
  • The Argentine non-life segment accounted for 80.2% of the industry’s gross written premium in 2015.
  • In 2015, the non-life segment’s penetration was 2.2%.
  • Argentina is a major exporter of agricultural products, and export earnings from agricultural products form a large part of its GDP.
  • The Argentine non-life segment is fragmented, with the 10 leading insurers accounting for 44.9% of the segment’s gross written premium in 2015.
  • Non-life insurance policies in Argentina are mainly sold through channels such as direct marketing, brokers, bancassurance and agencies.


  • Key Facts and Highlights
    • Table Argentine Non-Life Insurance - Key Facts, 2015
    • Table Argentine Non-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 Non-Life Insurance - Gross Written Premium (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Non-Life Insurance - Penetration (%), 2011-2015
        • Table Argentine Non-Life Insurance - Gross Written Premium (ARS Billion and US$ Billion), 2015-2020
        • Table Argentine Non-Life Insurance - Penetration (%), 2015-2020
        • Table Argentine Non-Life Insurance - Premium per Capita (ARS and US$), 2011-2015
        • Table Argentine Non-Life Insurance - Premium per Capita (ARS and US$), 2015-2020
      • Policies sold
        • Table Argentine Non-Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Argentine Non-Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Argentine Non-Life Insurance - Paid Claims (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Non-Life Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Argentine Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Argentine Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Argentine Non-Life Insurance - Total Assets (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Non-Life Insurance - Total Assets (ARS Billion and US$ Billion), 2015-2020
        • Table Argentine Non-Life Insurance - Total Investment Income (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Non-Life Insurance - Total Investment Income (ARS Billion and US$ Billion), 2015-2020
        • Table Argentine Non-Life Insurance - Investment Portfolio (ARS Billion), 2011-2015
        • Table Argentine Non-Life Insurance - Investment Portfolio (ARS Billion), 2015-2020
  • Outlook by Category
    • Table Argentine Non-Life Insurance - Direct Written Premium by Category (ARS Billion), 2011-2015
    • Table Argentine Non-Life Insurance - Direct Written Premium by Category (ARS Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Argentine Property Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2011-2015
        • Table Argentine Property Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2015-2020
      • Policies sold
        • Table Argentine Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Argentine Property Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Argentine Property Insurance - Paid Claims (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Property Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Argentine Property Insurance - Loss Ratio (%), 2011-2015
        • Table Argentine Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Argentine Motor Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2011-2015
        • Table Argentine Motor Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2015-2020
      • Policies sold
        • Table Argentine Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Argentine Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Argentine Motor Insurance - Paid Claims (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Motor Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Argentine Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Argentine Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Argentine Liability Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2011-2015
        • Table Argentine Liability Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2015-2020
      • Policies sold
        • Table Argentine Liability Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Argentine Liability Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Argentine Liability Insurance - Paid Claims (ARS Billion and US$ Billion), 2011-2015
        • Table Argentine Liability Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Argentine Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Argentine Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Argentine Transport Network - Global Rankings
      • Premium
        • Table Argentine Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2011-2015
        • Table Argentine Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2015-2020
      • Policies sold
        • Table Argentine Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Argentine Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Argentine Marine, Aviation and Transit Insurance - Paid Claims (ARS Million and US$ Million), 2011-2015
        • Table Argentine Marine, Aviation and Transit Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Argentine Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Argentine Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Argentine Non-Life Insurance - Direct Written Premium by Distribution Channel (ARS Billion), 2011-2015
      • Table Argentine Non-Life Insurance - Direct Written Premium by Distribution Channel (ARS Billion), 2015-2020
      • Table Argentine Non-Life Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011-2020
  • Natural Hazards
    • Flooding
    • Droughts
    • Volcanic Activity
    • Landslides
    • Storms
    • Exposure
  • Competitive Landscape
    • Table Argentine Non-Life Insurance - Segment Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Federación Patronal Seguros SA - company overview
        • Table Federación Patronal Seguros SA - Key Facts
        • Table Federación Patronal Seguros SA - Key Financials (ARS Billion), 2011-2015
      • Caja de Seguros SA - company overview
        • Table Caja de Seguros SA - Key Facts
        • Table Caja de Seguros SA - Key Financials (ARS Billion), 2011-2015
      • Prevención Aseguradora de Riesgos del Trabajo SA - company overview
        • Table Prevención Aseguradora de Riesgos del Trabajo SA - Key Facts
        • Table Prevención Aseguradora de Riesgos del Trabajo SA - Key Financials (ARS Billion), 2011-2015
      • Galeno ART SA - company overview
        • Table Galeno ART SA - Key Facts
        • Table Galeno ART SA - Key Financials (ARS Billion), 2011-2015
      • Sancor Cooperativa de Seguros Ltd - company overview
        • Table Sancor Cooperativa de Seguros Ltd - Key Facts
        • Table Sancor Cooperativa de Seguros Ltd - Key Financials (ARS Billion), 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 Insurance Industry - Policies and Premium, 2011-2015
      • Table Argentine Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Argentine Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Argentine Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Argentine Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Argentine Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Argentine Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Argentine Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Argentine Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Argentine Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Argentine Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Argentine Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Property Insurance
      • Table Argentine Non-Life Insurance - Property Insurance, 2011-2015
      • Table Argentine Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Argentine Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Argentine Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Argentine Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Argentine Non-Life Insurance - Motor Insurance, 2015-2020
    • Liability Insurance
      • Table Argentine Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Argentine Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Argentine Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Argentine Non-Life Insurance - Marine, Aviation and Transit 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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