Argentina Insurance Report Q4 2015 - New Report Available

From: Fast Market Research, Inc.
Published: Tue Sep 22 2015

Structurally high inflation in Argentina has severely restricted the development of individual life insurance, and will likely continue to do so through the forecast period. However, it has provided an environment in which the non-life insurers have been able to pass on increased claims (and other) costs on to their clients. In the meantime, group life insurance sales have been rising strongly, as employers have seen life cover as a valuable benefit with which to attract and retain key staff. These trends will likely persist through the forecast period, with the result that premiums rise steadily in both USD and real terms. However, in the short term, the likely weakness in the ARS will constrain growth in USD terms.

Full Report Details at

Like its counterparts in Iran and Venezuela, Argentina's insurance sector is shaped by the structurally high level of inflation. This affects the two main segments in very different ways. In the non-life segment, the effect is to boost claims costs and to complicate estimations of future costs. However, the insurers have been able, in the two main sub-sectors (motor vehicle insurance and workers compensation insurance or ART) at least, to pass on the costs to their customers.

This has meant that non-life premiums have risen in real and USD terms and should continue to do so. New rules, which came into force at the end of June 2015, will increase the upfront costs of non-life insurers which are making underwriting losses (as most are). However, the higher reserves can be amortised over two years. Moody's Investor Services believes that the new rules will strengthen the non-life insurers financially.

The Argentina Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Argentina Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Argentinian insurance industry.

Key Benefits

* Benchmark BMI's independent insurance industry forecasts for Argentina to test other views - a key input for successful budgeting and strategic business planning in Argentina's insurance market.
* Target business opportunities and risks in Argentina through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
* Exploit latest competitive intelligence

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 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Estonia Insurance Report Q4 2015
- Czech Republic Insurance Report Q4 2015
- Kuwait Insurance Report Q4 2015
- Brazil Insurance Report Q4 2015
- Lithuania Insurance Report Q4 2015

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

Visit website »