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

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

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Ecuador, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Ecuadorian personal accident and health insurance segment, and a comparison of the Ecuadorian 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 Ecuadorian 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 Ecuador, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Ecuadorian personal accident and health insurance segment, including:

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

This report provides a comprehensive analysis of the personal accident and health insurance segment in Ecuador:
  • It provides historical values for the Ecuadorian 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 Ecuadorian personal accident and health insurance segment, and market forecasts to 2021.
  • It provides a comparison of the Ecuadorian 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 Ecuador.
  • It profiles the top personal accident and health insurance companies in Ecuador, 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 Ecuadorian personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Ecuadorian 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 Ecuadorian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Ecuadorian personal accident and health segment is highly concentrated, with the 10 leading companies accounting for 91.5% of the total gross written premium generated in 2015.
  • The demand for better private healthcare facilities and specialized healthcare services amongst the richer population and demand for health services such as dental treatment and cosmetic surgeries and prescribed drugs not covered by the social security supplemented the growth of private health insurance products.
  • Ecuador’s personal accident and health insurance penetration stood at 0.15% in 2016.


  • Key Facts and Highlights
    • Table Ecuadorian Personal Accident and Health Insurance - Key Facts, 2016
    • Table Ecuadorian Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2016
  • Executive Summary
  • Economy and Demographics
    • Table Ecuadorian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Ecuadorian Personal Accident and Health Insurance - Gross Written Premium (US$ Million), 2012-2016
        • Table Ecuadorian Personal Accident and Health Insurance - Penetration (%), 2012-2016
        • Table Ecuadorian Personal Accident and Health Insurance - Gross Written Premium (US$ Million), 2016-2021
        • Table Ecuadorian Personal Accident and Health Insurance - Penetration (%), 2016-2021
        • Table Ecuadorian Personal Accident and Health Insurance - Premium per Capita (US$), 2012-2016
        • Table Ecuadorian Personal Accident and Health Insurance - Premium per Capita (US$), 2016-2021
      • Claims
        • Table Ecuadorian Personal Accident and Health Insurance - Paid Claims (US$ Million), 2012-2016
        • Table Ecuadorian Personal Accident and Health Insurance - Paid Claims (US$ Million), 2016-2021
      • Profitability
        • Table Ecuadorian Personal Accident and Health Insurance - Profitability Ratio (%), 2012-2016
        • Table Ecuadorian Personal Accident and Health Insurance - Profitability Ratio (%), 2016-2021
      • Assets and investments
        • Table Ecuadorian Personal Accident and Health Insurance - Total Assets (US$ Million), 2012-2016
        • Table Ecuadorian Personal Accident and Health Insurance - Total Assets (US$ Million), 2016-2021
        • Table Ecuadorian Personal Accident and Health Insurance - Total Investment Income (US$ Million), 2012-2016
        • Table Ecuadorian Personal Accident and Health Insurance - Total Investment Income (US$ Million), 2016-2021
        • Table Ecuadorian Personal Accident and Health Insurance - Investment Portfolio (US$ Million), 2012-2016
        • Table Ecuadorian Personal Accident and Health Insurance - Investment Portfolio (US$ Million), 2016-2021
  • Outlook by Category
    • Table Ecuadorian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion),2012-2016
    • Table Ecuadorian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2016-2021
    • Personal Accident Insurance
      • Premium
        • Table Ecuadorian Personal Accident Insurance - Direct Written Premium (US$ Million), 2012-2016
        • Table Ecuadorian Personal Accident Insurance - Direct Written Premium (US$ Million), 2016-2021
      • Claims
        • Table Ecuadorian Personal Accident Insurance - Paid Claims (US$ Million), 2012-2016
        • Table Ecuadorian Personal Accident Insurance - Paid Claims (US$ Million), 2016-2021
      • Profitability
        • Table Ecuadorian Personal Accident Insurance - Loss Ratio (%), 2012-2016
        • Table Ecuadorian Personal Accident Insurance - Loss Ratio (%), 2016-2021
    • Health Insurance
      • Premium
        • Table Ecuadorian Health Insurance - Direct Written Premium (US$ Million), 2012-2016
        • Table Ecuadorian Health Insurance - Direct Written Premium (US$ Million), 2016-2021
      • Claims
        • Table Ecuadorian Health Insurance - Paid Claims (US$ Million), 2012-2016
        • Table Ecuadorian Health Insurance - Paid Claims (US$ Million), 2016-2021
      • Profitability
        • Table Ecuadorian Health Insurance - Loss Ratio (%), 2012-2016
        • Table Ecuadorian Health Insurance - Loss Ratio (%), 2016-2021
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Ecuadorian Personal Accident and Health Segment - Market Shares of Leading Insurers (%), 2016
    • Company Profiles
      • Chubb Seguros Ecuador SA - company overview
        • Table Chubb Seguros Ecuador SA - Key Facts
        • Table Chubb Seguros Ecuador SA - Key Financials (US$ Million), 2012-2016
      • Pan American Life Insurance - company overview
        • Table Pan American Life Insurance - Key Facts
        • Table Pan American Life Insurance - Key Financials (US$ Million), 2015-2016
      • Bupa Ecuador SA - company overview
        • Table Bupa Ecuador SA - Key Facts
        • Table Bupa Ecuador SA - Key Financials (US$ Million), 2012-2016
      • BMI Financial Group Inc. - company overview
        • Table BMI Financial Group Inc. - Key Facts
        • Table BMI Financial Group Inc. - Key Financials (US$ Million), 2012-2016
      • Equivida SA - company overview
        • Table Equivida SA - Key Facts
        • Table Equivida SA - Key Financials (US$ Million), 2012-2016
  • Governance, Risk and Compliance
    • Table Ecuador - 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 Ecuador - Life Insurance Regulatory Framework
      • Property insurance
        • Table Ecuador - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Ecuador - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Ecuador - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Traffic accident insurance
        • Table Ecuador - Compensation Provided by the Insurer in the Event of Accident
        • Table Ecuador - List of Companies Authorized to Offer SOAT
      • General insurance under the Social Security Act
      • Aviation insurance
        • Table Ecuador - Aviation Insurance Cover
      • Fire insurance for condominiums
      • Social security system
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Association of Insurance Supervisors Latin America
      • Superintendency of Securities and Insurance Companies
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
        • Table Ecuador - Ratings Required for Registration of Reinsurance Business
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Ecuador - Taxes and Charges Levied on Insurance Premiums
        • Table Ecuador - Issuing Fees Charged to the Insured by Insurer Based on Value of Premiums
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Ecuador - Corporate Tax Rates in Ecuador for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Ecuadorian Personal Accident and Health Insurance Industry - Policies and Premium, 2012-2016
      • Table Ecuadorian Personal Accident and Health Insurance Industry - Policies and Premium, 2016-2021
    • Claims and Expenses
      • Table Ecuadorian Personal Accident and Health Insurance - Claims and Expenses, 2012-2016
      • Table Ecuadorian Personal Accident and Health Insurance - Claims and Expenses, 2016-2021
    • Assets and Investments
      • Table Ecuadorian Personal Accident and Health Insurance - Assets and Investments, 2012-2016
      • Table Ecuadorian Personal Accident and Health Insurance - Assets and Investments, 2016-2021
    • Personal Accident Insurance
      • Table Ecuadorian Personal Accident and Health Insurance - Personal Accident Insurance, 2012-2016
      • Table Ecuadorian Personal Accident and Health Insurance - Personal Accident Insurance, 2016-2021
    • Health Insurance
      • Table Ecuadorian Personal Accident and Health Insurance - Health Insurance, 2012-2016
      • Table Ecuadorian Personal Accident and Health Insurance - Health 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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