Mexico s Market Evolution

Size: px
Start display at page:

Download "Mexico s Market Evolution"

Transcription

1 MEXICO INSURANCE DAY OPPORTUNITIES PANEL Mexico s Market Evolution Luis J. Alvarez Marcen March, 13th 2012

2 Mexico s Market Evolution 2

3 Insurance Industry in Mexico Historical Penetration & Density 2.7% USD % 2.7 % 2.4% 2.3% % 2.0% % 1.8% 1.6% 1.6% Mexico s premiums per capita Region premiums per capita Mexico s premiums as % of GDP Region premiums as % of GDP Source:. Latinoinsurance 3

4 Insurance Industry Penetration & Density 4,912 4,009 3, % 7.65% 5.03% 4.07% NA 1.86% 166 United States OECD European Union Chile Mexico Penetration (premiums to GDP) Density (us dollar insurance spending per capita) Source: Organization of Economic Co-Operation and Development (OECD)

5 Insurance Industry in Mexico There are 101 Insurance Companies in Mexico. 30% Domestic Capital Foreing Capital 80% 70% 20% 1990 Premiums

6 Insurance Industry in Mexico Premiums as % of GDP Premiums USD Billions Source: AMIS 6

7 The Mexican Market NUMBER OF POLICIES AND INSURANCE CERTIFICATES, Rate variation Times Rate variation Times Rate variation Times Millions of Certificates Life Health P&C Source: CNSF; Anuarios Estadísticos

8 The Mexican Market MARKET CONCENTRATION HERFINDAHL INDEX. INSURANCE MEXICAN SECTOR ( ) Source: ABM Source: EstadisticAMIS. HERFINDAHL INDEX. MEXICAN SECTORS 5,174 4,146 3,744 3,660 2,917 2,664 2,415 2,390 2,386 7,300 7,180 7,091 2,269 2,229 2,166 1,337 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Tiendas SEGUROS Automotriz Banca Cemento TV Abierta Telefonía Fija Telefonía Móvil Electricidad Minería Tiendas Comerciales Química y Alimentos Bebidas y Cervezas TV por Cable Holding

9 Insurance Industry in Mexico Premiums USD Billions 18 23% 16% 16% 4% 17 19% 19% 14% 4% 19 22% 18% 16% 7% 22 25% 22% 18% 7% 21 24% 21% 19% 8% Motor P&C Health Pension Life 41% 38% 42% 47% 46% Source:. AMIS 9

10 Insurance Industry in Mexico Distribution Channels, % 61% 54% 31% 40% 48% Agents Brokers Direct Selling Bancassurance 7% 39% 27% 20% Massive sale & Others 21% 11% 3% 5% 14% 10% 23% 25% 13% 3% 2% 4% 10% 14% 14% 4% Health Life P&C Motor Total Source:. AMIS

11 Insurance Industry in Mexico Premiums 2010 Net Earnings 2010 Bancassurance 17% Bancassurance 52% Traditional 83% Traditional 48% Bancassurance Traditional Bancassurance Traditional 66% 16% 7% 11% 24% 39% 18% 19% 43% 27% 17% 14% 65% 13% 22% 1% Motor Health P&C Life 11

12 Insurance Industry in Mexico There is a large unsatisfied demand which represents a great business opportunity Home Insurance Health Insurance Life Insurance Motor Insurance Only 4.5% of homes insured The mayor health insurance cover only 5.8% of the population 7.2 million people have individual life insurance Motor insurance protect the 26.5% of automobiles, since in Mexico there is no compulsory insurance NO HOME MORTGAGE LOANS ASSOCIATED INDIVIDUAL CONTRACTS REPRESENT ONLY 2% OF THE TOTAL POPULATION. INDIVIDUAL CONTRACTS REPRESENT 12.8% OF EMPLOYED. * Estimates with 2010 census data and those in the SESA

13 Insurance Industry in Mexico Cars Insured by entity 2010 INEGI cars registered Cars Insured % Total 32,338,820 8,350, % Michoacán 1,631, , % 5 w/ Low % Hidalgo 850,074 83, % Guerrero 714,651 62, % Zacatecas 504,833 39, % Baja California Sur 492,316 32, % Distrito Federal 4,166,756 2,044, % 5 w/ High % Nuevo León 1,975, , % Querétaro 458, , % Yucatán 513, , % Chihuahua 1,207, , % 13

14 Mexico s Profile Economy CAGR GDP (current million US$) 581,426 1,034,804 GDP per capita (current US$) 5,817 9, % 4.6% Inflation, consumer prices (annual %) Source: World Bank 14

15 Mexico s Profile Population * million % million % million % Total Population % % % Youth population (aged less than 15) 35 34% 32 28% 27 23% Adult population (aged more than 15 less than 65) 64 61% 74 66% 80 67% Elderly population (aged 65 and over) 5 5% 7 6% 12 10% Source: World Bank * Projection Consejo Nacional de Población (CONAPO) 15

16 Mexico s Profile Socioeconomic Regions Wealth index* % Population % # entities * Index considers: education, health, employment, housing, infraestructure Source: INEGI 16

17 Mexico s Profile Households Income Distribution Population Millions Percentaje Household income per month AB % + 6,538 usd C+ C % 2,692 6,538 usd 17.9% 893 2,692 usd D % usd D E % usd 6.7% usd 100% Source: AMAI / NIELSEN

18 Mexico s Profile Size of companies Small (11 50 employees) 0.22 millions = 4.5% Medium & Big (+51 employees) 0.03 millions = 0.5% Micro (1 10 employees) 4.8 millions = 95% Source: INEGI

19 Banking Domestic credit provided by banking sector (% of GDP) North America OCDE European Union China Asia Brasil Chile Latin America Mexico Source: International Monetary Fund (IMF)

20 Insurance Industry in Mexico Market Development Premiums as % of GDP Strategic Plan CAGR 9% 2.5% 2.2% Trend CAGR 7%

21 PRIMAS DIRECTAS POR OPERACIONES (MILLONES DE PESOS) 280, , ,000 75,000 50,000 25,000 0 Life Pensions Health Automóbile Property & Casualty DIC ,873 15,749 41,354 55,829 50, ,942 DIC ,589 15,849 37,213 50,060 39, ,389 NET INCREMENT TOTAL 12,284 (100) 4,141 5,769 10,458 32,553 % GROWTH 12.9 (0.6) PEMEX CONCILIATION Dñ S/A TOTAL 47, ,283 43, ,020 4,168 26, IN REAL TERMS, THE MARKET GREW AT A RATE OF 9.5% And WITH PEMEX CONCILIATION 6.8%

22 MARKET SHARE BY LINE OF BUSINESS 2011 FIGURES DAÑOS SIN AUTOS 18.5% VIDA 39.8% AUTOS 20.6% HEALTH 15.3% PENSIONS 5.8% LIFE AND HEALTH 164, %

23 INVESTMENTS (MILLIONS OF PESOS) DICIEMBRE ,052 MP INCR. 14.5% PRIVADAS 100,775 VAL. EXTR. 10,505 2% RTA VARIABLE 58,975 10% INMOB 9,783 1% OTROS 46,852 8% 1.03 times the reserves INCR. 16.3% ESTADO 338,036 RENTA FIJA % PTAMOS 21,127 4% DICIEMBRE ,960 MP PRIVADAS 86,688 ESTADO 290,599 RTA. FIJA 377,287 74% VAL. EXTR. 12,932 3% RTA VARIABLE 54,628 11% INMOB 10,250 1% OTROS 42,666 8% PTAMOS. 14,197 3%

24 TECHNICAL RESERVES DECEMBRR 2011 DECEMBER 2010 PENSIONS PENSIONS % 125, % 25.0% TRADICIONALES 367,722 TRADITIONALS 16.5% TRADITIONALS 74.5% 366, , % 75.0 % GROWTH 569,714 MP 492,438 MP 15.7%

25 Mexican Association of Insurance Institutions Strategic Plan Life Life and Disability / Social Security Tax Incentives Individual Retirement Plans Pensions National Pension System Annuities Motor Compulsory Insurance Property & Casualty Compulsory insurance Catastrophe insurance Health National Health System 25

26 26

27 Mexico s Market Evolution Luis J. Alvarez Marcen March 13th,

MEXICAN INSURANCE MARKET VIEW

MEXICAN INSURANCE MARKET VIEW MEXICAN INSURANCE MARKET VIEW MEXICO S MACROECONOMICAL ENVIRONMENT Mexico was ranked 28th of 139 countries in terms of macroeconomic environment, according to WEF s Global Competitiveness Report 2010-2011.

More information

Acquisition of Generali s Minority Participation in the Insurance and Annuities Business

Acquisition of Generali s Minority Participation in the Insurance and Annuities Business Acquisition of s Minority Participation in the Insurance and Annuities Business Conference Call June 19 th, 2013 1 Transaction Highlights On June 11, 2013, Grupo Financiero Banorte, S.A.B. de C.V. ( GFNorte

More information

MIGRATION FACTS. Variable Impacts: State-level Analysis of the Slowdown in the Growth of Remittances to Mexico

MIGRATION FACTS. Variable Impacts: State-level Analysis of the Slowdown in the Growth of Remittances to Mexico The Migration Policy Institute is an independent, non-partisan, and non-profit think tank dedicated to the study of the movement of people worldwide. The institute provides analysis, development, and evaluation

More information

The attractions of Spain as an insurance market

The attractions of Spain as an insurance market The attractions of Spain as an insurance market Domingo Sugranyes, Executive Vice Chairman and CEO Goldman Sachs European Financials Conference Navigating the Sea of Change Puerto Banus, Spain, 8 June

More information

Mexico in a Globalized World

Mexico in a Globalized World Mexican Ministry of Finance and Public Credit Mexico in a Globalized World The University of Chicago May 27 1 Mexico in the Globalized Economy Globalization has changed the international landscape. Since

More information

Data on selected insurance markets

Data on selected insurance markets Data on selected insurance markets Economic Research Munich, March 205 Germany CAGR* 2004 204: 2.6% CAGR* 2004 204:.% Macroeconomics & wealth, 204 Asset classes as % of gross financial assets, 204 82.7mn

More information

Catastrophe Risk Insurance Pools: Opportunities and Challenges for the Mexican States

Catastrophe Risk Insurance Pools: Opportunities and Challenges for the Mexican States Seminario sobre Modelos de Gestión Financiera del Riesgo de Desastres para las Entidades Federativas en México Mexico, D.F. 1 de diciembre de 2011 Catastrophe Risk Insurance Pools: Opportunities and Challenges

More information

What does the future hold for smaller insurance companies? The Mexican Experience

What does the future hold for smaller insurance companies? The Mexican Experience What does the future hold for smaller insurance companies? The Mexican Experience Angeles Yanez, Act.,MSc.,PhD Luis Barros y Villa, Act., MBA Contents I. General Market II. Small Insurance Companies III.

More information

Industry Dynamics and Competitive Landscape in the Chilean Life Insurance Industry to 2016: Market Profile

Industry Dynamics and Competitive Landscape in the Chilean Life Insurance Industry to 2016: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2225332/ Industry Dynamics and Competitive Landscape in the Chilean Life Insurance Industry to 2016: Market Profile Description:

More information

Regional Economic Report October- December 2013

Regional Economic Report October- December 2013 Regional Economic Report October- December 2013 March 6, 2014 Outline I. Introduction II. Results October December 2013 A. Economic Activity B. Inflation C. Economic Outlook III. Final Remarks Outline

More information

Chilean Insurance Market Overview

Chilean Insurance Market Overview Chilean Insurance Market Overview London, October 14 th, 2014 Jorge Claude Executive Vice President Asociación de Aseguradores de Chile Agenda 1. Chilean Economy & Insurance Market at a glance 2. Non-Life

More information

Current Situation and Future Perspective of Korean Insurance Industry. Dong-Han Chang (Vice President of KIAS)

Current Situation and Future Perspective of Korean Insurance Industry. Dong-Han Chang (Vice President of KIAS) Current Situation and Future Perspective of Korean Insurance Industry Dong-Han Chang (Vice President of KIAS) CONTENTS Ⅰ. Current Situation of Korean Insurance Industry Ⅱ. Future Perspective of Korean

More information

3. Turkey Life and Non-Life Insurance Market Size by Value, 2001-2015

3. Turkey Life and Non-Life Insurance Market Size by Value, 2001-2015 TABLE OF CONTENTS 1. Turkey Insurance Market Introduction 2. Turkey Insurance Market Structure 2.1. Number of Insurance Companies in Turkey, 2001-2009 2.2. Headcount in Turkey Insurance Sector, 2001-2009

More information

Results of Tourism Activity

Results of Tourism Activity Reporting Date: May 15, 2015 Results of Tourism Activity Mexico, March 2015 Costa, Oaxaca. San Blas, Nayarit. Centro de Convenciones Acapulco, Guerrero Loreto, Baja California Sur. Undersecretariat of

More information

University of Colima, México.

University of Colima, México. MEXICO COLIMA University of Colima, México. Government Offices, Old Situation Government of Colima State,, México A New Era Of Management for the Government of Colima A New Era of Management for the Government

More information

Industry Report 4Q14

Industry Report 4Q14 1 Mexico City, February 17, 2015 Figures in this document are stated in millions of Mexican pesos, except where otherwise specified, so that they may vary due to rounding. 99% Introduction This report

More information

2.1. Number of Insurance Companies in Poland, 2001-2009 2.2. Headcount in Poland Insurance Sector, 2001-2009

2.1. Number of Insurance Companies in Poland, 2001-2009 2.2. Headcount in Poland Insurance Sector, 2001-2009 TABLE OF CONTENTS 1. Poland Insurance Market Introduction 2. Poland Insurance Market Structure 2.1. Number of Insurance Companies in Poland, 2001-2.2. Headcount in Poland Insurance Sector, 2001-3. Poland

More information

LEADER BRANDS 2009. Information available at: www.boletin.com.mx/research. Positioning of the Brands in the Mexican IT Market.

LEADER BRANDS 2009. Information available at: www.boletin.com.mx/research. Positioning of the Brands in the Mexican IT Market. LEADER BRANDS 2009 Positioning of the Brands in the Mexican IT Market. The human activity, like birds, has two wings: the wing of the wisdom and the wing of the method. The wisdom does give us the principles,

More information

2. China Life and Non-Life Insurance Market Size by Value, 2008-2015

2. China Life and Non-Life Insurance Market Size by Value, 2008-2015 TABLE OF CONTENTS 1. China Insurance Market Introduction 2. China Life and Non-Life Insurance Market Size by Value, 2008-2015 3. China Life and Non-Life Insurance Density, Premium per Capita, USD, 2001-2015

More information

Regional Economic Report July - September 2012

Regional Economic Report July - September 2012 Regional Economic Report July - September 2012 December 6, 2012 Outline I. Introduction II. Results July September 2012 A. Economic Activity B. Inflation C. Economic Outlook III. Final Considerations Introduction

More information

Industry Dynamics and Competitive Landscape in the Chilean Non-Life Insurance Industry to 2016: Market Profile

Industry Dynamics and Competitive Landscape in the Chilean Non-Life Insurance Industry to 2016: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2225374/ Industry Dynamics and Competitive Landscape in the Chilean Non-Life Insurance Industry to 2016: Market Profile Description:

More information

MEXICO S MINING POLICY

MEXICO S MINING POLICY MEXICO S MINING POLICY May 2014 MEXICAN MINING SECTOR DEVELOPMENT 2001-2012 Metal prices Competitiveness GDP Investment Employment Productivity Exports Increase of 209.2% 5th best mining investment destination

More information

Lockton Mexico An Overview

Lockton Mexico An Overview Lockton Mexico An Overview L O C K T O N M E X I C O Who are we? The largest privately held, independent insurance broker in the world. Our unique structure Private and independent, allows us to provide

More information

TELECOMMUNICATIONS IN MEXICO THREE YEARS AFTER THE CONSTITUTIONAL REFORM

TELECOMMUNICATIONS IN MEXICO THREE YEARS AFTER THE CONSTITUTIONAL REFORM TELECOMMUNICATIONS IN MEXICO THREE YEARS AFTER THE CONSTITUTIONAL REFORM TELECOMMUNICATIONS IN MEXICO THREE YEARS AFTER THE CONSTITUTIONAL REFORM 3 Telecommunications in Mexico. Three Years After the

More information

Financial Intermediaries

Financial Intermediaries Financial Intermediaries L E A R N I N G O B J E C T I V E 1. In what ways can financial intermediaries be classified? Like financial markets, financial intermediaries are highly specialized. Sometimes

More information

2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector, 2001-2009

2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector, 2001-2009 TABLE OF CONTENTS 1. Portugal Insurance Market Introduction 2. Portugal Insurance Market Structure 2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector,

More information

Three Continuing Years of Proven Success!

Three Continuing Years of Proven Success! Three Continuing Years of Proven Success! Thanks to your valuable participation, Mexico WindPower 2014 was a great success, consolidating its reputation as the most important wind power event in Mexico

More information

GLOBAL WEALTH & INSURANCE. September 25, 2013

GLOBAL WEALTH & INSURANCE. September 25, 2013 GLOBAL WEALTH & INSURANCE September 25, 2013 Global Wealth & Insurance Investor Day September 2013 Global Insurance Chris Hodgson Group Head Global Wealth & Insurance Agenda The business today Our positioning

More information

Mexico: A developing market growth story

Mexico: A developing market growth story Mexico: A developing market growth story By LII Editorial 19 December 2011 By most standards, Mexico s life insurance market has enjoyed robust growth over the past decade, driven to a large extent by

More information

FINANCIAL INCLUSION REPORT December 2009

FINANCIAL INCLUSION REPORT December 2009 3 4 FINANCIAL INCLUSION REPORT December 2009 National Banking and Securities Commission President Guillermo Babatz Torres Vice-president of Regulatory Policies General Direction on Access to Financial

More information

CAPACITY BUILDING FOR RECYCLING - BASED ECONOMY IN APEC MEXICO

CAPACITY BUILDING FOR RECYCLING - BASED ECONOMY IN APEC MEXICO CAPACITY BUILDING FOR RECYCLING - BASED ECONOMY IN APEC PLANNING WORKSHOP MEXICO HAKONE, JAPAN AUGUST 30 SEPTEMBER 1 166 SOLID WASTE IN MEXICO 167 PALENQUE 168 MEXICO BAJA CALIFORNIA NORTE SONORA CHIHUAHUA

More information

Industry Dynamics and Competitive Landscape in Argentina Life Insurance Industry to 2017: Market Profile

Industry Dynamics and Competitive Landscape in Argentina Life Insurance Industry to 2017: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2669625/ Industry Dynamics and Competitive Landscape in Argentina Life Insurance Industry to 2017: Market Profile Description: Synopsis

More information

Challenges and Opportunities for the Pension Funds System in Mexico

Challenges and Opportunities for the Pension Funds System in Mexico Challenges and Opportunities for the Pension Funds System in Mexico MEXICO PE DAY AMEXCAP June, 2014 Contents I. Introduction II. Overview of the Mexican Pension System (SAR) III. Investment regime IV.

More information

INFONAVIT. Alejandro Murat Hinojosa

INFONAVIT. Alejandro Murat Hinojosa INFONAVIT Alejandro Murat Hinojosa INSTITUTO DEL FONDO NACIONAL DE LA VIVIENDA PARA LOS TRABAJADORES This presentation may contain forward looking statements. These statements may include the plans and

More information

IMPACT OF MICROINSURANCE REGULATION IN PERU. Carla Chiappe Villegas Superintendency of Banking, Insurance and Private Pensions Funds Administrators

IMPACT OF MICROINSURANCE REGULATION IN PERU. Carla Chiappe Villegas Superintendency of Banking, Insurance and Private Pensions Funds Administrators IMPACT OF MICROINSURANCE REGULATION IN PERU Carla Chiappe Villegas Superintendency of Banking, Insurance and Private Pensions Funds Administrators Superficie: 1 285 216 Km2 Población Total: 29 461 933

More information

Australia-Mexico Infrastructure Finance Forum 2016

Australia-Mexico Infrastructure Finance Forum 2016 RECENT REFORMS GOVERNING AFORES INVESTMENTS Australia-Mexico Infrastructure Finance Forum 2016 Carlos Ramírez Fuentes TW: @CarlosRamirezF contents I. Introduction II. Why should pension funds invest in

More information

The Mexican Economy: Facts and Opportunities

The Mexican Economy: Facts and Opportunities Manuel Sánchez Santander Global Fixed Income Summit London, England, September 20, 2012 Contents 1 Structural features 2 Recent developments and outlook 3 Inflation and monetary policy 4 Economic challenges

More information

Mexico. Wirtschaftliche Entwicklung und Energiemarkt in Mexiko. Erwin Feldhaus Director CEE

Mexico. Wirtschaftliche Entwicklung und Energiemarkt in Mexiko. Erwin Feldhaus Director CEE Mexico Wirtschaftliche Entwicklung und Energiemarkt in Mexiko Erwin Feldhaus Director CEE Land and people Young and dynamic Mexico is a big country Mexico covers 2 million km 2, making it the 14 th largest

More information

Life Bancassurance in Latin America: Protection-Related Life Insurance

Life Bancassurance in Latin America: Protection-Related Life Insurance Life Bancassurance in Latin America: Protection-Related Life Insurance Report Prospectus April 2013 Finaccord, 2013 Web: www.finaccord.com. E-mail: info@finaccord.com 1 Prospectus contents Page What is

More information

Focus on China Market and Pursue Sustainable Value Growth

Focus on China Market and Pursue Sustainable Value Growth Focus on China Market and Pursue Sustainable Value Growth (Beginning) Distinguished guests, ladies and gentlemen: Good morning. I 'm Wu Zongmin, from China Pacific Property Insurance Company Limited (CPIC

More information

Australia s retirement provision: the decumulation challenge. John Piggott Director CEPAR

Australia s retirement provision: the decumulation challenge. John Piggott Director CEPAR Australia s retirement provision: the decumulation challenge John Piggott Director CEPAR Outline of talk Introduction to Australian retirement policy Issues in Longevity Current retirement products in

More information

Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2016

Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2016 Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2016 Market Intelligence Report Reference code: IS0055MR Published: September 2012 www.timetric.com Timetric John Carpenter

More information

Monetary Policy Outlook in a Negative Rates Environment Mr. Javier Guzmán Calafell, Deputy Governor, Banco de México J.P. Morgan Investor Seminar

Monetary Policy Outlook in a Negative Rates Environment Mr. Javier Guzmán Calafell, Deputy Governor, Banco de México J.P. Morgan Investor Seminar Mr. Javier Guzmán Calafell, Deputy Governor, Banco de México J.P. Morgan Investor Seminar Washington, DC, 15 April 2016 Outline 1 External Conditions 2 Macroeconomic Policy in Mexico 3 Evolution and Outlook

More information

Industry Report 3Q15

Industry Report 3Q15 1 Mexico City, November 13, 2015 Figures in this document are stated in millions of Mexican pesos, except where otherwise specified, so that they may vary due to rounding. 99% Introduction Throughout this

More information

Consolidating Market 1

Consolidating Market 1 Consolidating Market 1 Mexico City, July 5, 2011. Automobile Market 2 2 During the first three months of 2011, sales of new automobiles amounted to 218,824 units, a 12.7% growth vis-à-vis the figure for

More information

LBBW Mexico. March, 2013

LBBW Mexico. March, 2013 LBBW Mexico March, 2013 00. Monat 20XX, Titel der Präsentation, Referent, Seite 1 Presentation LBBW International Business,Page 1 Landesbank Baden-Württemberg Mexico 00. Monat 20XX, Titel der Präsentation,

More information

Industry Dynamics and Competitive Landscape in the Colombia Life Insurance Industry to 2017: Market Profile

Industry Dynamics and Competitive Landscape in the Colombia Life Insurance Industry to 2017: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2682821/ Industry Dynamics and Competitive Landscape in the Colombia Life Insurance Industry to 2017: Market Profile Description:

More information

Informal employment in Mexico: Current situation, policies and challenges

Informal employment in Mexico: Current situation, policies and challenges NOTES O N FORMALIZATION Informal employment in Mexico: Current situation, policies and challenges Nearly 60% of Mexican workers have informal jobs. Some states have implemented practices that have reduced

More information

Association of British Insurers UK Insurance Key Facts. UK Insurance KEY FACTS

Association of British Insurers UK Insurance Key Facts. UK Insurance KEY FACTS September 2013 Association of British Insurers UK Insurance Key Facts UK Insurance KEY FACTS 2013 abi.org.uk @BritishInsurers 3 Association of British Insurers UK Insurance Key Facts September 2013 About

More information

Investment in an Indonesian Life Insurance Company, PT Panin Life

Investment in an Indonesian Life Insurance Company, PT Panin Life June 4 th 2013 Koichiro Watanabe President and Representative Director The Dai-ichi Life Insurance Company, Limited Code: 8750 (TSE First section) Investment in an Indonesian Life Insurance Company, PT

More information

Human Development Research Paper 2010/23 Advances in sub national measurement of the Human Development Index: The case of Mexico

Human Development Research Paper 2010/23 Advances in sub national measurement of the Human Development Index: The case of Mexico Human Development Research Paper 2010/23 Advances in sub national measurement of the Human Development Index: The case of Mexico Rodolfo de la Torre and Hector Moreno United Nations Development Programme

More information

Sustained leadership in life insurance. September 2011

Sustained leadership in life insurance. September 2011 Sustained leadership in life insurance September 2011 Agenda Industry overview and outlook Recent market developments ICICI Prudential: Strategic elements Performance snapshot 2 Agenda Industry overview

More information

El Fondo de Garantía de Sustentabilidad del Sistema Integrado Previsional Argentino Argentine Public Pension Fund

El Fondo de Garantía de Sustentabilidad del Sistema Integrado Previsional Argentino Argentine Public Pension Fund El Fondo de Garantía de Sustentabilidad del Sistema Integrado Previsional Argentino Argentine Public Pension Fund Recent social security history 1993 September 2007 June Creation of Private Fully Funded

More information

LOS RAMONES PHASE II PROJECT MANAGEMENT PRESENTATION

LOS RAMONES PHASE II PROJECT MANAGEMENT PRESENTATION LOS RAMONES PHASE II PROJECT MANAGEMENT PRESENTATION STRATEGY FOR NATURAL GAS SUPPLY Strategy for Natural Gas Supply Pemex Gas y Petroquímica Básica (PGPB) seeks to be a catalyst for investments in natural

More information

Mexico Trade and Economic Overview (June 2015)

Mexico Trade and Economic Overview (June 2015) Mexico Trade and Economic Overview (June 2015) 1. Economic performance The Mexican economy is highly concentrated in services, accounting for 62% of GDP, then industry 34% and agriculture only 4%. Mexico

More information

Mexican National Strategy on Financial Education

Mexican National Strategy on Financial Education Mexican National Strategy on Financial Education Germán Saldívar Osorio Deputy General Director of Savings and Financial Regulation Ministry of Finance, Mexico December 2009 Mexico Colombia China Brazil

More information

U.S. Commercial Service / U.S. Department of Commerce U.S. Embassy - Mexico. Selling into Mexico s Automotive Supply Chain

U.S. Commercial Service / U.S. Department of Commerce U.S. Embassy - Mexico. Selling into Mexico s Automotive Supply Chain U.S. Commercial Service / U.S. Department of Commerce U.S. Embassy - Mexico in cooperation with Advanced Business Events Present Selling into Mexico s Automotive Supply Chain featuring November 4, 2014

More information

SulAmérica. UBS Global Healthcare Services Conference February 11-13, 2008 New York

SulAmérica. UBS Global Healthcare Services Conference February 11-13, 2008 New York SulAmérica UBS Global Healthcare Services Conference February 11-13, 2008 New York Disclaimer The material that follows is a presentation of general background information about Sul América S.A. ( SulAmérica

More information

As of May, mortgage loans have advanced 20%

As of May, mortgage loans have advanced 20% Jul 1 Real Estate As of May, mortgage loans have advanced % Fernando Balbuena / Samuel Vázquez Introduction As of May 1, the number of mortgages had risen by 19.7% with respect to the same period in 1,

More information

Asian Non Life Markets - Challenges and opportunities

Asian Non Life Markets - Challenges and opportunities Investor Day 2012 Asian Non Life Markets - Challenges and opportunities Gary Crist CEO Ageas Asia INVESTOR DAY 2012 Asian Non-Life Markets Challenges and Opportunities Conclusions China South Korea Taiwan

More information

The Mexican Model: Health Policy Frame

The Mexican Model: Health Policy Frame Contents The Mexican Model Alto TB Mexico Alto TB at state level Implemented strategies Financial protection Assuring detection and cure TB/HIV-AIDS DOTS Network Advocacy, communication and social mobilisation

More information

THE AERONAUTIC INDUSTRY IN MEXICO : DEVELOPPMENT AND POTENTIAL PROHIBIDA LA REPRODUCCIÓN TOTAL O PARCIAL DE ESTE DOCUMENTO

THE AERONAUTIC INDUSTRY IN MEXICO : DEVELOPPMENT AND POTENTIAL PROHIBIDA LA REPRODUCCIÓN TOTAL O PARCIAL DE ESTE DOCUMENTO THE AERONAUTIC INDUSTRY IN MEXICO : DEVELOPPMENT AND POTENTIAL C O N T E N T Presentation The Global Aerospace Markets The Aerospace Industry in Mexico - At the glance - Challenges - The National Strategic

More information

Agenda. Profile and History of the Company. Grupo Salinas. Grupo Elektra s Structure. Commercial and Services Division. Financial Division

Agenda. Profile and History of the Company. Grupo Salinas. Grupo Elektra s Structure. Commercial and Services Division. Financial Division April 2007 1 2 Agenda Profile and History of the Company Grupo Salinas Grupo Elektra s Structure Commercial and Services Division Financial Division Presence in Latin America 3 Company Profile Grupo Elektra

More information

Life Insurance Market Report - India

Life Insurance Market Report - India Brochure More information from http://www.researchandmarkets.com/reports/1839253/ Life Insurance Market Report - India Description: The Indian life insurance sector has grown at a fast pace since liberalisation

More information

Session 55 PD, Actuaries and the International Market. Moderator/Presenter: Ian G. Duncan, FSA, FIA, FCIA, MAAA

Session 55 PD, Actuaries and the International Market. Moderator/Presenter: Ian G. Duncan, FSA, FIA, FCIA, MAAA Session 55 PD, Actuaries and the International Market Moderator/Presenter: Ian G. Duncan, FSA, FIA, FCIA, MAAA Presenters: Jorge A. Alvidrez, ASA, MAAA Jeremiah D. Reuter, ASA, MAAA Actuaries and the International

More information

Institutional Presentation June 13

Institutional Presentation June 13 Institutional Presentation June 13 BB Seguridade Largest Insurance, Pension and Premium Bonds Company in Latin America Fast Growing with High Profitability Largest Insurance Broker in Latin America Largest

More information

Sri Lankan Insurance Industry Analysis

Sri Lankan Insurance Industry Analysis Brochure More information from http://www.researchandmarkets.com/reports/2261971/ Sri Lankan Insurance Industry Analysis Description: Sri Lanka insurance industry is witnessing a strong growth inclination

More information

Institutional Presentation 1Q13

Institutional Presentation 1Q13 Institutional Presentation BB Seguridade Largest Insurance, Pension and Premium Bonds Company in Latin America Fast Growing with High Profitability Largest Insurance Broker in Latin America Largest Life

More information

Country profile. Mexico

Country profile. Mexico WHO Report on the Global Tobacco Epidemic, 2015 Country profile Mexico WHO Framework Convention on Tobacco Control (WHO FCTC) status Date of signature 12 August 2003 Date of ratification (or legal equivalent)

More information

2007 SOA Spring Meeting

2007 SOA Spring Meeting 2007 SOA Spring Meeting The Many Ways of Selling Insurance Through Banks October 17 Presented by: Keith Dall, FSA, MAAA - Milliman, Inc. Chris Hause Hause Actuarial Solutions, Inc. Tim Neumann BankWest

More information

Improving non-financial societies sectoral accounts using micro-data on credit Session: Developing and improving Sectoral Accounts ISI 2015.

Improving non-financial societies sectoral accounts using micro-data on credit Session: Developing and improving Sectoral Accounts ISI 2015. Improving non-financial societies sectoral accounts using micro-data on credit Session: Developing and improving Sectoral Accounts ISI 2015. World Statistics Congress July 2015 The views and conclusions

More information

Recent Developments and Outlook for the Mexican Economy Credit Suisse, 2016 Macro Conference April 19, 2016

Recent Developments and Outlook for the Mexican Economy Credit Suisse, 2016 Macro Conference April 19, 2016 Credit Suisse, Macro Conference April 19, Outline 1 Inflation and Monetary Policy 2 Recent Developments and Outlook for the Mexican Economy 3 Final Remarks 2 In line with its constitutional mandate, the

More information

The Future of Mobile Networks

The Future of Mobile Networks The Future of Mobile Networks by Ernesto Piedras CEO November 2009 San Diego, CA Opportunities and Challenges Value-Added Services (VAS) Supply Low ARPUs and diminishing Increase in mobile penetration

More information

Global Insurance CONTENTS. Report Synopsis. Industry Surveys. March 2006. 1. Executive Summary 10. 2. Highlights 12

Global Insurance CONTENTS. Report Synopsis. Industry Surveys. March 2006. 1. Executive Summary 10. 2. Highlights 12 Industry Surveys Global Insurance www.reportsure.com March 2006 Report Synopsis In 2004 insurance premiums accounted for nearly 8% of global GDP, with a value of USD 3,244 billion. The industry grew by

More information

NEW REGULATION IN THE MEXICAN INSURANCE MARKET

NEW REGULATION IN THE MEXICAN INSURANCE MARKET NEW REGULATION IN THE MEXICAN INSURANCE MARKET Alejandra Quintos Lima Advisor: Prof. Lourdes Casanova CienciAmerica/Mexico research program August, 2014 Introduction Introduction In recent months, Mexican

More information

GFNORTE 3Q13 Results. Conference Call October 25 th, 2013.

GFNORTE 3Q13 Results. Conference Call October 25 th, 2013. GFNORTE Results Conference Call October 25 th, 2013. Material Events Organizational Changes. As part of ongoing efforts to focus the organization towards a client-centered business model, the following

More information

BIG DATA: THE INTERNET OF THINGS OPPORTUNITIES IN INSURANCE

BIG DATA: THE INTERNET OF THINGS OPPORTUNITIES IN INSURANCE BIG DATA: THE INTERNET OF THINGS OPPORTUNITIES IN INSURANCE JUNE 2015 JOSHUA SIEGEL DIRECTOR, EMC PROFESSIONAL SERVICES 1 The World Is Changing All Around Us No longer dumb, our things are rapidly becoming

More information

Institutional Presentation

Institutional Presentation Institutional Presentation SulAmérica and Industry SULAMÉRICA A DIFFERENTIATED APPROACH Largest independent Brazilian insurer, leveraging strong brand reputation with a multiline model: One Stop Shop,

More information

Household Debt in the U.S.: 2000 to 2011

Household Debt in the U.S.: 2000 to 2011 Household Debt in the U.S.: 2000 to 2011 By Marina Vornovytskyy, Alfred Gottschalck, and Adam Smith Debt is an important financial tool used by U.S. households to finance their purchases. Households often

More information

Client Checklist. local tax withholding, retirement contributions, benefits, Tax Planning.

Client Checklist. local tax withholding, retirement contributions, benefits, Tax Planning. Client Checklist We request you provide the following information in order to establish your financial goals and objectives and to support our analysis and calculations. Every item has its purpose as annotated.

More information

Index. Copyright material from - licensed to npg - PalgraveConnect - 2016-09-16

Index. Copyright material from  - licensed to npg - PalgraveConnect - 2016-09-16 Index AMIA (Mexican Association of the Automotive Industry), 90, 108 automobile demand ageing of population, 9 emerging economies, 206 7 financing, 8 post-recession, 1 2 role of income distribution and

More information

Financial Inclusion Report

Financial Inclusion Report Financial Inclusion Report 5 2013 1 5 2013 2013 NATIONAL COUNCIL FOR FINANCIAL INCLUSION Luis Videgaray Caso, Minister of Finance (SHCP) Fernando Aportela Rodríguez, Vice-Minister of Finance (SHCP) Mario

More information

Jorge Augusto Diaz Rojas, MSc, PhD candidate

Jorge Augusto Diaz Rojas, MSc, PhD candidate 3rd ISPOR Latin America September 2011 México City, México Jorge Augusto Diaz Rojas, MSc, PhD candidate Associate professor Universidad Nacional de Colombia, Bogotá, D.C.,Colombia. Population Projection

More information

This is a licensed product of Ken Research and should not be copied

This is a licensed product of Ken Research and should not be copied 1 TABLE OF CONTENTS 1. Asia-Pacific Insurance Industry 1.1. Industry Introduction 1.2. Asia-Pacific Insurance Market Size by Direct Written Premium, 2005-2012P 1.3. Asia-Pacific Insurance Market Segmentation

More information

Company Presentation

Company Presentation Company Presentation September-13 Privado y Confidencial 1 Ownership and stock price Estrictamente Privado y Confidencial Ownership structure (Jun-13) Stockbrokers 12,4% Mutual Funds & Others 5,9% Market

More information

Pricing and Product Issues in Latin American Personal Lines Insurance

Pricing and Product Issues in Latin American Personal Lines Insurance Pricing and Product Issues in Latin American Personal Lines Insurance Casualty Actuarial Society's Ratemaking and Product Management Seminar By Eduardo Esteva Lidia Leonardi March 21, 2012 2011 Towers

More information

STATUS OF EDUCATION FOR OUT OF SCHOOL ADULTS IN MEXICO

STATUS OF EDUCATION FOR OUT OF SCHOOL ADULTS IN MEXICO DIFID-WB Collaboration on Knowledge and Skills in the New Economy STATUS OF EDUCATION FOR OUT OF SCHOOL ADULTS IN MEXICO By Roger Díaz de Cossío and Alfonso Ramón Bagur SEPTEMBER 8, 2003 i PREFACE This

More information

Life Insurance in Pakistan, Key Trends and Opportunities to 2016

Life Insurance in Pakistan, Key Trends and Opportunities to 2016 Brochure More information from http://www.researchandmarkets.com/reports/2225320/ Life Insurance in Pakistan, Key Trends and Opportunities to 2016 Description: Synopsis The report provides in depth market

More information

Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2015. Analyst Briefing 29 February 2016

Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2015. Analyst Briefing 29 February 2016 Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2015 Analyst Briefing 29 February 2016 1 AMB Group Results Allianz Malaysia Berhad (12428-W) Resilient Growth Operating revenue Group operating revenue

More information

Dealer. Línea Integral Autos Car Line Program. Autos (LIA): Línea Integral. The Wholesale Plan: The Retail Plan: Inventory 0 % Inventory Sales

Dealer. Línea Integral Autos Car Line Program. Autos (LIA): Línea Integral. The Wholesale Plan: The Retail Plan: Inventory 0 % Inventory Sales Automotive Sector Introduction Grupo Bancolombia is the financial partner for the Automotive Sector in Colombia and has a comprehensive portfolio designed according to your needs and those of agents that

More information

Financial Planning Questionnaire

Financial Planning Questionnaire Richard W. Greene Managing Principal rgreene@centerpointadvisors.net Jennifer M. Wolfsberg Managing Principal jwolfsberg@centerpointadvisors.net John E. Wolfsberg Principal / Director of Fixed Income jewolfsberg@centerpointadvisors.net

More information

Auto Insurance Industry grows despite drop in new car sales (Millions of pesos)

Auto Insurance Industry grows despite drop in new car sales (Millions of pesos) Tu Auto Insurance Industry grows despite drop in new car sales (Millions of pesos) Automobile Market 2 Nationwide sales of new automobiles decreased by 3.3% 1 during the first quarter of the year impacted

More information

Polish insurance market: growth and potential

Polish insurance market: growth and potential Polish insurance market: growth and potential Polish Insurance Association June 2012 Table of contents 1. Polish insurance market general information 2. Non life insurance in Poland 3. Life insurance in

More information

MACRO Coyuntura. Dirección de Estudios Económicos. 1 Dirección de Estudios Económicos

MACRO Coyuntura. Dirección de Estudios Económicos. 1 Dirección de Estudios Económicos MACRO Coyuntura Dirección de Estudios Económicos 1 Dirección de Estudios Económicos 2 Dirección de Estudios Económicos h Estados Unidos Dirección de Estudios Económicos 3 Dirección de Estudios Económicos

More information

2Q15 Consolidated Earnings Results

2Q15 Consolidated Earnings Results 2Q15 Consolidated Earnings Results IFRS September 2015 Disclaimer Grupo Aval Acciones y Valores S.A. ( Grupo Aval ) is an issuer of securities in Colombia and in the United States, registered with Colombia

More information

Recent trends of dynamically growing and developing life insurance markets in Asia

Recent trends of dynamically growing and developing life insurance markets in Asia Recent trends of dynamically growing and developing life insurance markets in Asia Tomikazu HIRAGA, Ph.D. and LL.M. General Manager for Asia, NLI Research Institute Asia is a growth market where foreign

More information

LIFE INSURANCE INDUSTRY IN CHINA

LIFE INSURANCE INDUSTRY IN CHINA Unless otherwise indicated, the financial and market share information set forth in this section is based on information reported by companies to the CIRC. The reported information includes premium and

More information

10th ANIVERSARY SULAMERICA INVESTIMENTOS

10th ANIVERSARY SULAMERICA INVESTIMENTOS 10th ANIVERSARY SULAMERICA INVESTIMENTOS AGENDA 1. Perú Macro Environment 2. The need for a Pension System Reform 3. The Private Pension System 4. AFP Integra 5. Multifondos 6. The Future 1 1. Peru - Macro

More information

THE LATIN AMERICAN INSURANCE MARKET 2013-2014. Insurance and Social Protection Area

THE LATIN AMERICAN INSURANCE MARKET 2013-2014. Insurance and Social Protection Area THE LATIN AMERICAN INSURANCE MARKET 2013-2014 Insurance and Social Protection Area 2013 2014 The Latin American Insurance Market 2013-2014 FUNDACIÓN MAPFRE is not liable for the content of this work, and

More information