Now Available: Non-Life Insurance in Mexico, Key Trends and Opportunities to 2018

From: Fast Market Research, Inc.
Published: Wed Sep 17 2014

Mexico is the second-largest economy in Latin America after Brazil, and has the region's fourth-highest GDP per capita, after Chile, Brazil and Argentina. In 2009, the Mexican economy experienced a 19.3% decline in GDP at current prices due to the global financial crisis, which affected exports and foreign direct investment (FDI). Despite this, the industry expanded significantly during the review period (2009-2013), at a compound annual growth rate (CAGR) of 9.8% in terms of gross written premium. This growth was partly due to the robust regulatory environment and favorable demographic dividends, including the rising middle class population. The introduction of innovative insurance products, the expansion of microinsurance and foreign participation also contributed to this growth.

Full Report Details at

Report Highlights

* The Mexican manufacturing sector is expected to rise over the forecast period, mainly due to the manufacturing cost advantage when compared to China and other Asian countries. This is expected to boost the country's economy over the forecast period, and will also have a positive impact on the insurance industry.
* The Mexican insurance industry is the second largest in Latin America, accounting for approximately 14.5% of the region's total premiums.
* Despite having a well-established regulatory framework, the Mexican insurance regulatory body has not yet passed compulsory legislation for property owners.
* Mexico is one of the few countries in the world where motor insurance is not mandatory.
* The Mexican government and insurance legislator, CNSF, are both expected to introduce a new solvency framework over the forecast period.

Report Scope

This report provides a comprehensive analysis of the non-life insurance segment in Mexico:

* It provides historical values for Mexico's non-life insurance segment for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
* It offers a detailed analysis of the key categiories in Mexico's non-life insurance segment, along with market forecasts until 2018.
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
* It analyses the various distribution channels for non-life insurance products in Mexico.
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Mexico for the non-life insurance segment.
* It provides a detailed analysis of the reinsurance segment in Mexico and its growth prospects.
* It profiles the top non-life insurance companies in Mexico and outlines the key regulations affecting them.

Reasons to Get this Report

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Non-Life Insurance in Indonesia, Key Trends and Opportunities to 2018
- Non-Life Insurance in the UK, Key Trends and Opportunities to 2018
- Life Insurance in the UK, Key Trends and Opportunities to 2018
- Life Insurance in Indonesia, Key Trends and Opportunities to 2018
- Non-Life Insurance in Brazil, Key Trends and Opportunities to 2018

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »