Mexico Insurance Report Q2 2015

Transcription

1 Brochure More information from Mexico Insurance Report Q Description: BMI View: We have revised downwards our forecasts for growth in Mexico's insurance industry, due to the likely restrictions placed on domestic economic growth by the fall in global oil prices. Public spending has come under pressure and high-value infrastructure projects, such as the high-speed bullet train between Mexico City and Queretaro, have now been put on indefinite hold. Reflecting this, we now expect total insurance premiums to increase by mid-to-high range single digits throughout the forecast period. There is some potential for growth in the insurance market in Private financial consumption is expected to increase due to improvements in the labour market and a decrease in unemployment levels. This will allow for greater spending on consumer products, thereby increasing demand for a range of insurance lines, such as motor vehicle insurance. Health insurance is expected to be the outperformer, with demand for private healthcare (both in Mexico and via medical tourism to the US) increasing steadily. This is providing opportunities for both non-life companies (under which health insurance traditionally falls) and for life companies who are able to provide health insurance riders to life products. Contents: BMI Industry View 7 SWOT 9 Insurance 9 Political 11 Economic 12 Operational Risk 13 Industry Forecast 15 Total Premiums Forecast 15 Total Premiums 16 Table: Total Gross Premiums Written (Mexico ) 16 Table: Total Net Premiums Written (Mexico ) 17 Reinsurance Premiums 17 Table: Total Reinsurance Premiums Written (Mexico ) 17 Claims 17 Table: Total Insurance Claims (Mexico ) 18 Assets and Liabilities 18 Table: Total Insurance Assets (Mexico ) 18 Table: Total Insurance Liabilities (Mexico ) 19 Life Premiums Forecast 20 Life Premiums 21 Table: Gross Life Premiums Written (Mexico ) 22 Table: Net Life Premiums Written (Mexico ) 23

2 Reinsurance Life Premiums 23 Table: Reinsurance Life Premiums Written (Mexico ) 24 Life Insurance Claims 24 Table: Life Insurance Claims (Mexico ) 24 Life Insurance Drivers 25 Table: Insurance Key Drivers, Disease Adjusted Life Years (Mexico ) 25 Table: Insurance Key Drivers, Private Health Expenditure (Mexico ) 26 Non-Life Premiums Forecast 27 Non-Life Premiums 28 Table: Gross Non-Life Premiums Written (Mexico ) 29 Table: Net Non-Life Premiums Written (Mexico ) 30 Non-Life Reinsurance 30 Table: Reinsurance Non-Life Premiums Written (Mexico ) 31 Non-Life Claims 31 Table: Non-Life Insurance Claims (Mexico ) 31 Table: Non-Life Insurance Claims by Line (Mexico ) 32 Non-Life Sub-Sector Forecast 34 Table: Non-Life % Breakdown (Mexico ) 34 Motor and Transport Insurance 35 Table: Motor Vehicle Insurance (Mexico ) 36 Table: Insurance Key Drivers, Autos (Mexico ) 36 Table: Transport Insurance (Mexico ) 38 Table: Insurance Key Drivers, Freight Tonnage (Mexico ) 38 Property Insurance 39 Table: Property Insurance (Mexico ) 39 Accident and Health Insurance 39 Table: Personal Accident Insurance (Mexico ) 40 Table: Health Insurance (Mexico ) 41 Liability and Credit Insurance 41 Table: General Liability Insurance (Mexico ) 41 Table: Credit/Financial Guarantee Insurance (Mexico ) 42 Industry Risk Reward Ratings 43 Latin America Insurance Risk/Reward Ratings - Q Table: Latin America Risk/Reward Index - Q Market Overview 45

3 Life Market Overview 45 Table: Life Insurance Market (USDmn) Non-Life Market Overview 48 Table: Non-Life Insurance Market (USDmn) Company Profile 51 AXA Seguros SA de CV 51 Banorte Seguros 54 GNP 56 Monterrey New York Life 59 Quálitas Compañía de Seguros SAB de CV 61 Demographic Forecast 63 Demographic Outlook 63 Table: Population Headline Indicators (Mexico ) 64 Table: Key Population Ratios (Mexico ) 64 Table: Urban/Rural Population & Life Expectancy (Mexico ) 65 Table: Population By Age Group (Mexico ) 65 Table: Population By Age Group % (Mexico ) 66 Methodology 68 Industry Forecast Methodology 68 Risk/Reward Index Methodology 71 Table: Indicators 73 Table: Weighting of Indicators 74 Ordering: Order Online - Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8,

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