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

Synopsis

Timetric’s 'Non-Life Insurance in Mexico Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Mexican non-life insurance segment and a comparison of the Mexican 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 the various distribution channels operating in the segment, gives a comprehensive overview of the Mexican economy and demographics, explains the various types of natural hazard and their impact on the Mexican insurance industry, and provides detailed information pertaining to the country's competitive landscape.

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 recent changes to the industry's regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in Mexico, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Mexican non-life insurance segment, including:

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

This report provides a comprehensive analysis of the non-life insurance segment in Mexico:
  • It provides historical values for the Mexican 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 Mexican non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Mexican non-life insurance segment with its regional counterparts.
  • It analyzes the various distribution channels for non-life insurance products in Mexico.
  • It analyzes various natural and man-made hazards and their impact on the Mexican insurance industry.
  • It profiles the top non-life insurance companies in Mexico, 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 Mexican non-life insurance segment, and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Mexican 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 Mexican insurance industry, and their impact on companies and the industry's future
Key Highlights
  • The non-life segment accounted for 40.5% of the industry's gross written premium in 2015.
  • The segment is competitive, containing both domestic and foreign insurers, and is concentrated with the 10 leading companies collectively accounting for 66.68% of gross written premium in 2015.
  • Although political risks and changes in the country's regulatory landscape are creating challenges for insurers in the Latin American region, the Mexican non-life insurance segment registered a high rate of premium growth during the review period.
  • In September 2014, the Federal Law on Roads, Bridges and Motor Transport amended and made motor third-party liability insurance compulsory in the country.
  • The adoption of Solvency II type regulations is expected to bring better risk management to the insurance industry.
  • The support from the government to develop agriculture insurance, the implementation of motor third-party liability insurance in 2014 and rising public awareness on the benefits of insurance are expected to increase non-life insurance penetration over the forecast period.


  • Key Facts and Highlights
    • Table Mexican Non-Life Insurance - Key Facts, 2015
    • Table Mexican Non-Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Mexican Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Mexican Non-Life Insurance - Gross Written Premium (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Non-Life Insurance - Penetration (%), 2011-2015
        • Table Mexican Non-Life Insurance - Gross Written Premium (MXN Billion and US$ Billion), 2015-2020
        • Table Mexican Non-Life Insurance - Penetration (%), 2015-2020
        • Table Mexican Non-Life Insurance - Premium per Capita (MXN and US$), 2011-2015
        • Table Mexican Non-Life Insurance - Premium per Capita (MXN and US$), 2015-2020
      • Policies sold
        • Table Mexican Non-Life Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Mexican Non-Life Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Mexican Non-Life Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Non-Life Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Mexican Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Mexican Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Mexican Non-Life Insurance - Total Assets (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Non-Life Insurance - Total Assets (MXN Billion and US$ Billion), 2015-2020
        • Table Mexican Non-Life Insurance - Total Investment Income (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Non-Life Insurance - Total Investment Income (MXN Billion and US$ Billion), 2015-2020
        • Table Mexican Non-Life Insurance - Investment Portfolio (MXN Billion), 2011-2015
        • Table Mexican Non-Life Insurance - Investment Portfolio (MXN Billion), 2015-2020
  • Outlook by Category
    • Table Mexican Non-Life Insurance - Direct Written Premium by Category (MXN Billion), 2011-2015
    • Table Mexican Non-Life Insurance - Direct Written Premium by Category (MXN Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Mexican Property Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2011-2015
        • Table Mexican Property Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2015-2020
      • Policies sold
        • Table Mexican Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Mexican Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Mexican Property Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Property Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Mexican Property Insurance - Loss Ratio (%), 2011-2015
        • Table Mexican Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Mexican Motor Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2011-2015
        • Table Mexican Motor Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2015-2020
      • Policies sold
        • Table Mexican Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Mexican Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Mexican Motor Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Motor Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Mexican Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Mexican Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Mexican Liability Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2011-2015
        • Table Mexican Liability Insurance - Direct Written Premium by Sub-Category (MXN Billion), 2015-2020
      • Policies sold
        • Table Mexican Liability Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Mexican Liability Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Mexican Liability Insurance - Paid Claims (MXN Million and US$ Million), 2011-2015
        • Table Mexican Liability Insurance - Paid Claims (MXN Million and US$ Million), 2015-2020
      • Profitability
        • Table Mexican Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Mexican Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
      • Premium
        • Table Mexican Marine, Aviation and Transit Insurance - Direct Written Premium by Sub- Category (MXN Billion), 2011-2015
        • Table Mexican Marine, Aviation and Transit Insurance - Direct Written Premium by Sub- Category (MXN Billion), 2015-2020
      • Policies sold
        • Table Mexican Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Mexican Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Mexican Marine, Aviation and Transit Insurance - Paid Claims (MXN Million and US$ Million), 2011-2015
        • Table Mexican Marine, Aviation and Transit Insurance - Paid Claims (MXN Million and US$ Million), 2015-2020
      • Profitability
        • Table Mexican Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Mexican Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Mexican Non-Life Insurance - Direct Written Premium by Distribution Channel (MXN Billion), 2011-2015
      • Table Mexican Non-Life Insurance - Direct Written Premium by Distribution Channel (MXN Billion), 2015-2020
      • Table Mexican Non-Life Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011-2020
      • Agencies
      • Direct marketing
      • Bancassurance
      • E-commerce
      • Other channels
  • Natural and Man-made Hazards
    • Flooding
    • Cyclones and Storms
    • Earthquakes
    • Exposure
  • Competitive Landscape
    • Table Mexican Insurance Industry - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Quálitas Compañí a de Seguros SA de CV - company overview
        • Table Quálitas Compañí a de Seguros SA de CV - Key Facts
        • Table Quálitas Compañí a de Seguros SA de CV - Key Financials (MXN Million), 2011-2015
      • Mapfre Tepeyac SA - company overview
        • Table Mapfre Tepeyac, SA - Key Facts
        • Table Mapfre Tepeyac, SA - Key Financials (MXN Million), 2011-2015
      • Axa Seguros SA de CV - company overview
        • Table Axa Seguros SA de CV - Key Facts
        • Table Axa Seguros SA de CV - Key Financials (MXN Million), 2011-2015
      • Grupo Nacional Provincial SAB - company overview
        • Table Grupo Nacional Provincial, SAB - Key Facts
        • Table Grupo Nacional Provincial, SAB - Key Financials (MXN Million), 2011-2015
      • Seguros Inbursa SA Grupo Financiero Inbursa - company overview
        • Table Seguros Inbursa SA Grupo Financiero Inbursa - Key Facts
        • Table Seguros Inbursa SA Grupo Financiero Inbursa - Key Financials (MXN Million), 2011-2015
  • Governance, Risk and Compliance
    • Table Mexico - 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 Mexico - Life Insurance Regulatory Framework
      • Property insurance
        • Table Mexico - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Mexico - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Mexico - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Workers' compensation insurance
      • Motor third-party liability insurance
        • Table Mexico - Implementation of Mandatory Motor Third-Party Liability Insurance
      • Social security insurance
      • Liability for ships with respect to oil pollution
      • Liability insurance in respect of transportation of dangerous or toxic substances
      • Errors and omission insurance for bonding agents
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Association of Insurance Supervisors Latin America
      • Secretaria de Hacienda y Credito Publico
      • Comisión Nacional de Seguros y Fianzas
      • Association of Mexican Insurance Companies
    • 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
      • Withholding taxes on premium paid overseas.
      • Corporate tax
        • Table Mexico - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Mexican Insurance Industry - Policies and Premium, 2011-2015
      • Table Mexican Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Mexican Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Mexican Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Mexican Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Mexican Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Mexican Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Mexican Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Agencies
      • Table Mexican Non-Life Insurance - Agencies, 2011-2015
      • Table Mexican Non-Life Insurance - Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Mexican Non-Life Insurance - Bancassurance and Other Distribution Channels , 2011-2015
      • Table Mexican Non-Life Insurance - Bancassurance and Other Distribution Channels, 2015-2020
    • Property Insurance
      • Table Mexican Non-Life Insurance - Property Insurance, 2011-2015
      • Table Mexican Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Mexican Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Mexican Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Mexican Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Mexican Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Mexican Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Mexican Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Mexican Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Mexican Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Mexican Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Mexican 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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