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Personal Accident and Health Insurance in Chile, Key Trends and Opportunities to 2021

Personal Accident and Health Insurance in Chile, Key Trends and Opportunities to 2021

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Chile Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Chilean personal accident and health insurance segment, and a comparison of the Chilean insurance industry with its regional counterparts.

It provides 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 (2012–2016) and forecast period (2016–2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Chilean 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 'Personal Accident and Health Insurance in Chile Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Chilean personal accident and health insurance segment, including:

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

This report provides a comprehensive analysis of the personal accident and health insurance segment in Chile:
  • It provides historical values for the Chilean personal accident and health 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 Chilean personal accident and health insurance segment, and market forecasts to 2021.
  • It provides a comparison of the Chilean personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Chile.
  • It profiles the top personal accident and health insurance companies in Chile, 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 Chilean personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Chilean personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Chilean insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • In February 2017, the government of Chile government enacted the Law No 21,000, that will replace the existing insurance regulator Superintendencia de Valores y Seguros (SVS) with the Financial Markets Commission (CMF). The transition is expected to be completed by 2017.
  • On January 29, 2015, the Superintendencia de Valores y Seguros (SVS) issued a third paper on risk-based capital frameworks.
  • Personal accident and health was the smallest segment in the Chilean insurance industry in 2016, accounting for 9.7% of the industry’s direct written premium.


  • Key Facts and Highlights
    • Table Chilean Personal Accident and Health Insurance - Key Facts, 2016
    • Table Chilean Personal Accident and Health Insurance - Top Insurers, 2016
  • Executive Summary
  • Economy and Demographics
    • Table Chile Government Credit Ratings
  • Segment Outlook
    • Table Chilean Motor Insurance - Road Accidents, 2012-2016
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Chilean Personal Accident and Health Insurance - Gross Written Premium (CLP Billion and US$ Billion), 2012-2016
        • Table Chilean Personal Accident and Health Insurance - Penetration (%), 2012-2016
        • Table Chilean Personal Accident and Health Insurance - Gross Written Premium (CLP Billion and US$ Billion), 2016-2021
        • Table Chilean Personal Accident and Health Insurance - Penetration (%), 2016-2021
        • Table Chilean Personal Accident and Health Insurance - Premium per Capita (CLP and US$), 2012-2016
        • Table Chilean Personal Accident and Health Insurance - Premium per Capita (CLP and US$), 2016-2021
      • Active policies
        • Table Chilean Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2012-2016
        • Table Chilean Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2016-2021
      • Claims
        • Table Chilean Personal Accident and Health Insurance - Paid Claims (CLP Billion and US$ Billion), 2012-2016
        • Table Chilean Personal Accident and Health Insurance - Paid Claims (CLP Billion and US$ Million), 2016-2021
      • Profitability
        • Table Chilean Personal Accident and Health Insurance - Profitability Ratio (%), 2012-2016
        • Table Chilean Personal Accident and Health Insurance - Profitability Ratio (%), 2016-2021
      • Assets and investments
        • Table Chilean Personal Accident and Health Insurance - Total Assets (CLP Billion and US$ Billion), 2012-2016
        • Table Chilean Personal Accident and Health Insurance - Total Assets (CLP Billion and US$ Billion), 2016-2021
        • Table Chilean Personal Accident and Health Insurance - Total Investment Income (CLP Billion and US$ Billion), 2012-2016
        • Table Chilean Personal Accident and Health Insurance - Total Investment Income (CLP Billion and US$ Billion), 2016-2021
        • Table Chilean Personal Accident and Health Insurance - Investment Portfolio (CLP Billion), 2012-2016
        • Table Chilean Personal Accident and Health Insurance - Investment Portfolio (CLP Billion), 2016-2021
  • Outlook by Category
    • Table Chilean Personal Accident and Health Insurance - Direct Written Premium by Category (CLP Billion), 2012-2016
    • Table Chilean Personal Accident and Health Insurance - Direct Written Premium by Category (CLP Billion), 2016-2021
    • Personal Accident Insurance
      • Premium
        • Table Chilean Personal Accident Insurance - Direct Written Premium (CLP Billion and US$ Million), 2012-2016
        • Table Chilean Personal Accident Insurance - Direct Written Premium (CLP Billion and US$ Million), 2016-2021
      • Active policies
        • Table Chilean Personal Accident Insurance - Number of Active Policies (Thousand), 2012-2016
        • Table Chilean Personal Accident Insurance - Number of Active Policies (Thousand), 2016-2021
      • Claims
        • Table Chilean Personal Accident Insurance - Paid Claims (CLP Billion and US$ Billion), 2012-2016
        • Table Chilean Personal Accident Insurance - Paid Claims (CLP Billion and US$ Billion), 2016-2021
      • Profitability
        • Table Chilean Personal Accident Insurance - Loss Ratio (%), 2012-2016
        • Table Chilean Personal Accident Insurance - Loss Ratio (%), 2016-2021
    • Health Insurance
      • Premium
        • Table Chilean Health Insurance - Direct Written Premium by Sub-Category (CLP Billion), 2012-2016
        • Table Chilean Health Insurance - Direct Written Premium by Sub-Category (CLP Billion), 2016-2021
      • Active policies
        • Table Chilean Health Insurance - Number of Active Policies by Sub-Category (Thousand), 2012-2016
        • Table Chilean Health Insurance - Number of Active Policies by Sub-Category (Thousand), 2016-2021
      • Claims
        • Table Chilean Health Insurance - Paid Claims (CLP Billion and US$ Million), 2012-2016
        • Table Chilean Health Insurance - Paid Claims (CLP Billion and US$ Million), 2016-2021
      • Profitability
        • Table Chilean Health Insurance - Loss Ratio (%), 2012-2016
        • Table Chilean Health Insurance - Loss Ratio (%), 2016-2021
    • Travel Insurance
      • Premium
        • Table Chilean Travel Insurance - Direct Written Premium (CLP Billion and US$ Million), 2012-2016
        • Table Chilean Travel Insurance - Direct Written Premium (CLP Billion and US$ Million), 2016-2021
      • Active policies
        • Table Chilean Travel Insurance - Number of Active Policies (Thousand), 2012-2016
        • Table Chilean Travel Insurance - Number of Active Policies (Thousand), 2016-2021
      • Claims
        • Table Chilean Travel Insurance - Paid Claims (CLP Billion and US$ Million), 2012-2016
        • Table Chilean Travel Insurance - Paid Claims (CLP Billion and US$ Million), 2016-2021
      • Profitability
        • Table Chilean Travel Insurance - Loss Ratio (%), 2012-2016
        • Table Chilean Travel Insurance - Loss Ratio (%), 2016-2021
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Chilean Personal Accident and Health Segment - Market Shares of Leading Insurers (%), 2016
    • Company Profiles
      • Metlife Chile Seguros De Vida SA - company overview
        • Table Metlife Chile Seguros De Vida SA - Key Facts
      • Consorcio Nacional de Seguros SA - company overview
        • Table Consorcio Nacional de Seguros SA - Key Facts
      • Bice Vida Compañía de Seguros SA - company overview
        • Table Bice Vida Compañía de Seguros SA - Key Facts
      • Chilena Consolidada Seguros de Vida SA - company overview
        • Table Chilena Consolidada Seguros de Vida SA - Key Facts
      • Seguros de Vida Sura SA - company overview
        • Table Seguros de Vida Sura SA - Key Facts
  • Governance, Risk and Compliance
    • Table Chile - 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 Chile - Life Insurance Regulatory Framework
      • Property insurance
        • Table Chile - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Chile - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Chile - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Insurance for motor vehicles accidents
      • Pension insurance
      • Health insurance
      • Workmen's compensation insurance
      • Professional indemnity insurance for brokers and loss adjusters
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Association of Insurance Supervisors Latin America
      • Superintendent of Security Markets and Insurance Companies
      • Insurance Association of Chile
    • 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
        • Table Chile - Factors Used for Solvency Margin Calculation
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxations
      • Withholding taxes on premium paid overseas.
      • Corporate tax
        • Table Chile - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Chilean Personal Accident and Health Insurance Industry - Policies and Premium, 2012-2016
      • Table Chilean Personal Accident and Health Insurance Industry - Policies and Premium, 2016-2021
    • Claims and Expenses
      • Table Chilean Personal Accident and Health Insurance - Claims and Expenses, 2012-2016
      • Table Chilean Personal Accident and Health Insurance - Claims and Expenses, 2016-2021
    • Assets and Investments
      • Table Chilean Personal Accident and Health Insurance - Assets and Investments, 2012- 2016
      • Table Chilean Personal Accident and Health Insurance - Assets and Investments, 2016- 2021
    • Personal Accident Insurance
      • Table Chilean Personal Accident and Health Insurance - Personal Accident Insurance, 2012-2016
      • Table Chilean Personal Accident and Health Insurance - Personal Accident Insurance, 2016-2021
    • Health Insurance
      • Table Chilean Personal Accident and Health Insurance - Health Insurance, 2012-2016
      • Table Chilean Personal Accident and Health Insurance - Health Insurance, 2016-2021
    • Health Insurance by Category
      • Table Chilean Personal Accident and Health Insurance - Health Insurance by Product, 2012-2016
      • Table Chilean Personal Accident and Health Insurance - Health Insurance by Product, 2016-2021
    • Travel Insurance
      • Table Chilean Personal Accident and Health Insurance - Travel Insurance, 2012-2016
      • Table Chilean Personal Accident and Health Insurance - Travel Insurance, 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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