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Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Mexico Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Mexican personal accident and health insurance segment, and a comparison of the Mexican 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 (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Mexican 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 Mexico, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Mexican personal accident and health insurance segment, including:

  • The Mexican personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of the Mexican economy and demographics
  • Details of the competitive landscape in the personal accident and health insurance segment in Mexico
  • Details of regulatory policy applicable to the Mexican insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Mexico:
  • It provides historical values for the Mexican personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Mexican 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 Mexico.
  • It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Mexican 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 Mexican insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The personal accident and health segment accounted for 14.6% of the overall insurance gross written premium in Mexico in 2015.
  • Despite the presence of universal health insurance in the country, the private health insurance registered a review-period CAGR of 9.6%, and accounted for 90.9% of the segment’s gross written premium in 2015.
  • Aging population, rising healthcare expenditure, increasing chronic non-communicable diseases and the rising awareness of the benefits of private health insurance supported the segment’s growth during the review period.
  • Since the government resources are not sufficient to deal with rising non-communicable diseases, the amount of people seeking private health insurance cover is expected to rise over the forecast period.
  • To increase their consumer base, insurers are expected to collaborate with banks to distribute products over the forecast period.


  • Key Facts and Highlights
    • Table Mexican Personal Accident and Health Insurance - Key Facts, 2015
    • Table Mexican Personal Accident and Health 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 Personal Accident and Health Insurance - Gross Written Premium (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Gross Written Premium (MXN Billion and US$ Billion), 2015-2020
        • Table Mexican Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Mexican Personal Accident and Health Insurance - Premium per Capita (MXN and US$), 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Premium per Capita (MXN and US$), 2015-2020
      • Policies sold
        • Table Mexican Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Mexican Personal Accident and Health Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Mexican Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Mexican Personal Accident and Health Insurance - Total Assets (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Total Assets (MXN Billion and US$ Billion), 2015-2020
        • Table Mexican Personal Accident and Health Insurance - Total Investment Income (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Total Investment Income (MXN Billion and US$ Billion), 2015-2020
        • Table Mexican Personal Accident and Health Insurance - Investment Portfolio (MXN Billion), 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Investment Portfolio (MXN Billion), 2015-2020
  • Outlook by Category
    • Table Mexican Personal Accident and Health Insurance - Direct Written Premium by Category (MXN Billion),2011-2015
    • Table Mexican Personal Accident and Health Insurance - Direct Written Premium by Category (MXN Billion), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Mexican Personal Accident Insurance - Direct Written Premium (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Personal Accident Insurance - Direct Written Premium (MXN Billion and US$ Billion), 2015-2020
      • Policies
        • Table Mexican Personal Accident Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Mexican Personal Accident Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Mexican Personal Accident Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Personal Accident Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Mexican Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Mexican Personal Accident Insurance - Loss Ratio (%), 2015-2020
    • Health Insurance
      • Premium
        • Table Mexican Health Insurance - Direct Written Premium (MXN Billion), 2011-2015
        • Table Mexican Health Insurance - Direct Written Premium (MXN Billion), 2015-2020
      • Policies
        • Table Mexican Health Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Mexican Health Insurance - Number of Policies (Thousand), 2015-2020
      • Claims
        • Table Mexican Health Insurance - Paid Claims (MXN Billion and US$ Billion), 2011-2015
        • Table Mexican Health Insurance - Paid Claims (MXN Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Mexican Health Insurance - Loss Ratio (%), 2011-2015
        • Table Mexican Health Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Mexican Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Grupo Nacional Provincial, SAB - company overview
        • Table Grupo Nacional Provincial, SAB - Key Facts
        • Table Grupo Nacional Provincial, SAB - Key Financials (MXN Billion), 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 Billion), 2011-2015
      • MetLife Mexico, SA - company overview
        • Table MetLife Mexico, SA - Key Facts
        • Table MetLife Mexico, SA - Key Financials (MXN Billion), 2011-2015
      • Seguros Monterrey New York Life, SA de CV - company overview
        • Table Seguros Monterrey New York Life, SA de CV - Key Facts
        • Table Seguros Monterrey New York Life, SA de CV - Key Financials (MXN Billion), 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 Billion), 2011-2015
      • Seguros Banorte SA de CV Grupo Financiero Banorte - company overview
        • Table Seguros Banorte SA de CV Grupo Financiero Banorte - Key Facts
        • Table Seguros Banorte SA de CV Grupo Financiero Banorte - Key Financials (MXN Billion), 2011-2015
      • Mapfre Tepeyac, SA - company overview
        • Table Mapfre Tepeyac, SA - Key Facts
        • Table Mapfre Tepeyac, SA - Key Financials (MXN Billion), 2011-2015
      • Allianz México, SA Compañí a de Seguros - company overview
        • Table Allianz México, SA Compañí a de Seguros - Key Facts
        • Table Allianz México, SA Compañí a de Seguros - Key Financials (MXN Billion), 2011-2015
      • Seguros Atlas, SA - company overview
        • Table Seguros Atlas, SA - Key Facts
        • Table Seguros Atlas, SA - Key Financials (MXN Billion), 2011-2015
      • Seguros Banamex, SA de CV Grupo Financiero Banamex - company overview
        • Table Seguros Banamex , SA de CV Grupo Financiero Banamex - Key Facts
        • Table Seguros Banamex , SA de CV Grupo Financiero Banamex - Key Financials (MXN Billion), 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 Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Mexican Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Mexican Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Mexican Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Assets and Investments, 2015-2020
      • Personal accident insurance
        • Table Mexican Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
      • Health insurance
        • Table Mexican Personal Accident and Health Insurance - Health Insurance, 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Health Insurance, 2015-2020
      • Health insurance by product
        • Table Mexican Personal Accident and Health Insurance - Health by Product, 2011-2015
        • Table Mexican Personal Accident and Health Insurance - Health by Product, 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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