Overview of Latin America Market and Captive Trends
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1 Property/Casualty: The Expanding Captive Market for Latin America Overview of Latin America Market and Captive Trends Javier Mirabal, Eng, ARM, AIRM, RF Executive Director Mirabal Risk Management, LLC February 03, am to 11.00am 1
2 2
3 GDP worldwide (2013): US$ trillion GDP Latin america(2013): US$ trillion (7.50%) Brazil (2013): US$ trillion (39%) 61% Mexico (2013): US$ trillion (22%) Argentina (2013): US$ billion (10%) Venezuela (2013): US$ billion ( 7%) 91% Colombia (2013): US$ billion ( 6%) 30% Chile (2013): US$ billion ( 4%) Peru (2013): US$ billion ( 3%) Source: World Bank 3
4 Population world wide (2013): 7,124 million Population latin america(2013): 588 million (8.25%) Brazil (2013): million (34%) 55% Mexico (2013): million (21%) Colombia (2013): million ( 8%) Argentina (2013): million ( 7%) 83% Peru (2013): million ( 5%) 28% Venezuela (2013): million ( 5%) Chile (2013): million ( 3%) Source: World Bank 4
5 Insurance Premiums 2013 (Million US$) Total Premiums Premiums (Life) Premiums (P & C) Comments Brazil (2) 83,810 47, , (5) México (1) 26,671 12,156 14,515 Argentina (1) 14,958 2,972 11,986 Colombia (3) 10,700 6,051 4,649 (5) Chile (3) ,415 3,685 (5) Venezuela (4) 13,484 6,555 6,929 Perú (1) 3,244 1,497 1,747 Total $ 163,967 $ 84,476 $ 79,491 (1) Source: Asociación de Supervisores de Seguros de América Latina ASSAL (2) Source: Business Insurance(consultancy firm Siscorp) (3) Source: Federación Interamericana de Empresas de Seguros FIDES (4) Source: Superintendencia de la Actividad Aseguradora SUDEASEG -Venezuela (51.52%) (48.48%) (5) Ratio: Premium (P&C) vs. Premium (P&C) w/o auto insurance similar year 2012 (data 2012-Source: Asociación de Supervisores de Seguros de América Latina ASSAL ) 5
6 Insurance Premiums 2013 (Million US$) Total Premiums Premiums (Life) Premiums (P & C) Premiums (P&C) Brazil 83,810 47, , ,000 México 26,671 12,156 14,515 9,500 Argentina 14,958 2,972 11,986 6,800 Colombia 10,700 6,051 4,649 3,500 Chile ,415 3,685 2,600 Venezuela 13,484 6,555 6,929 2,100 Perú 3,244 1,497 1,747 1,250 Total $ 163,967 $ 84,476 $ 79,491 $ 40,750 25% (24.85%) 50% (51.26%) Comments 6
7 Insurance Premiums 2013 (Million US$) Premiums (P&C) Brazil 15,000 37% México 9,500 23% Argentina 6,800 17% Colombia 3,500 9% Chile 2,600 6% Venezuela 2,100 5% Perú 1,250 3% Total $ 40, % % 7
8 2013 Metrics Chart (GDP-Premiums) GDP (1) % (2) Total Premiums (3) % 3 1 (4) Premiums (P&C) (5) % 5 1 (6) Brazil US$ trillion 42% 83,810 milion 3.73% 15,000 milion 0.67% México US$ trillion 23% 26,671 milion 2.12% 9,500 milion 0.75% Argentina US$ billion 11% 14,958 milion 2.45% 6,800 milion 1.11% Colombia US$ billion 7% 10,700 milion 2.83% 3,500 milion 0.92% Chile US$ billion 5% milion 4.00% 2,600 milion 0.94% Venezuela US$ billion 8% 13,484 milion 3.08% 2,100 milion 0.48% Perú US$ billion 4% 3,244 milion 1.60% 1,250 milion 0.62% Total US$ trillion 100% US$ 163,967 million 3.03% US$ 40,750 million 0.75% 8
9 Latin Companies with sales over US$ 1.25 Billion in 2013 sales >US$ 1.25 billion (2013) Brazil % México % Argentina % Colombia % Chile % Venezuela % Perú % Total % % Source: América Economía 9
10 2013 Metrics Chart (Premiums & Companies) (Premiums) Premiums (P&C) sales >US$ 1.25 billion In 2013 (Sales) 1 Brazil 15,000 milion México 9,500 milion Argentina 6,800 milion Colombia 3,500 milion Chile 2,600 milion Venezuela 2,100 milion Perú 1,250 milion 23 4 Total US$ 40,750 million
11 MultiLatinas Companies ( ) # Multilatinas % Brazil % México % Argentina % Colombia % Chile % Venezuela % Perú % Total % Source: América Economía 11
12 2013 Metrics Chart (Premiums & MultiLatinas ) (Premiums) Premiums (P&C) MultiLatinas (Multilatinas ) 1 Brazil 15,000 milion México 9,500 milion Argentina 6,800 milion Colombia 3,500 milion Chile 2,600 milion Venezuela 2,100 milion Perú 1,250 milion 4 6 Total US$ 40,750 million 97 12
13 Conclusions 13
14 2013 Metrics Chart (Rakings) GDP Premiums (P&C) sales >US$ 1.25 billion # Multilatinas Brazil México Argentina Colombia Chile Venezuela Perú
15 2013 Metrics Chart (Rakings) GDP Premiums (P&C) sales >US$ 1.25 billion # Multilatinas Brazil México Argentina Colombia Chile Venezuela Perú
16 2013 Metrics Chart (Rakings) GDP Premiums (P&C) sales >US$ 1.25 billion # Multilatinas Brazil México Argentina Colombia Chile Venezuela Perú
17 2013 Metrics Chart (Rakings) GDP Premiums (P&C) sales >US$ 1.25 billion # Multilatinas Brazil México Argentina Colombia Chile Venezuela Perú
18 2013 Metrics Chart (Rakings) GDP Premiums (P&C) sales >US$ 1.25 billion # Multilatinas Brazil México Argentina Colombia Chile Venezuela Perú
19 2013 Metrics Chart (Rakings) GDP Premiums (P&C) sales >US$ 1.25 billion # Multilatinas Brazil México Argentina Colombia Chile Venezuela Perú
20 2013 Metrics Chart (Rakings) GDP Premiums (P&C) sales >US$ 1.25 billion # Multilatinas Brazil México Argentina Colombia Chile Venezuela Perú
21 sales >US$ 1.25 billion (2013) Brazil 148 México 75 Chile 49 Perú 23 Colombia 20 Argentina 19 Venezuela 2 Total 336 VS. 75 LatinCaptives (Single Parent) 21
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