Life Insurance in Mexico, Key Trends and Opportunities to 2019

Published: Dec, 2015 | Pages: 210 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Life Insurance in Mexico, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Mexican life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Mexican economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric's 'Life Insurance in Mexico, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Mexican life insurance segment, including:

 The Mexican life insurance segment's growth prospects by life insurance category

 Key trends, drivers and challenges for the life insurance segment 

 A comprehensive overview of the Mexican economy and demographics

 The various distribution channels in the Mexican life insurance segment

 Details of the competitive landscape in the life insurance segment in Mexico

 Details of regulatory policy applicable to the Mexican insurance industry

Scope
Timetric's 'Life Insurance in Mexico, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Mexican life insurance segment, including:

 The Mexican life insurance segment's growth prospects by life insurance category

 Key trends, drivers and challenges for the life insurance segment 

 A comprehensive overview of the Mexican economy and demographics

 The various distribution channels in the Mexican life insurance segment

 Details of the competitive landscape in the life insurance segment in Mexico

 Details of regulatory policy applicable to the Mexican insurance industry

Reasons To Buy
Timetric's 'Life Insurance in Mexico, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Mexican life insurance segment, including:

 The Mexican life insurance segment's growth prospects by life insurance category

 Key trends, drivers and challenges for the life insurance segment 

 A comprehensive overview of the Mexican economy and demographics

 The various distribution channels in the Mexican life insurance segment

 Details of the competitive landscape in the life insurance segment in Mexico

 Details of regulatory policy applicable to the Mexican insurance industry

Key Highlights
Timetric's 'Life Insurance in Mexico, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Mexican life insurance segment, including:

 The Mexican life insurance segment's growth prospects by life insurance category

 Key trends, drivers and challenges for the life insurance segment 

 A comprehensive overview of the Mexican economy and demographics

 The various distribution channels in the Mexican life insurance segment

 Details of the competitive landscape in the life insurance segment in Mexico

 Details of regulatory policy applicable to the Mexican insurance industry

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Life Insurance Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Life Insurance Growth Prospects by Category
5.5 Individual Life Insurance
5.5.1 Individual whole life insurance
5.5.2 Individual pension insurance
5.5.3 Individual endowment insurance
5.5.4 Individual term life insurance
5.5.5 Individual supplementary insurance
5.5.6 Other individual life insurance
5.6 Group Life Insurance
5.7 Life Insurance Growth Prospects by Product Type
5.7.1 Individual single-premium insurance
5.7.2 Individual non-single-premium insurance
5.7.3 Group single-premium insurance
5.7.4 Group non-single-premium insurance
5.7.5 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 Brokers
6.5 Other Channels
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Mexican Life Insurance Segment
7.2.1 MetLife Mexico, SA - company overview
7.2.2 Seguros Banamex, SA de CV - company overview
7.2.3 Seguros BBVA Bancomer SA de CV, Grupo Financiero BBVA Bancomer - company overview
7.2.4 Grupo Nacional Provincial, SAB - company overview
7.2.5 Seguros Monterrey New York Life, SA de CV - company overview
7.2.6 Axa Seguros SA de CV - company overview
7.2.7 Allianz Mexico, SA, Compania de Seguros - company overview
7.2.8 Seguros Banorte Generali SA de CV - company overview
7.2.9 Zurich Santander Seguros Mexico, SA - company overview
7.2.10 Seguros Inbursa SA, Grupo Financiero Inbursa - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest changes in regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Workers' compensation insurance
8.4.2 Motor third-party liability insurance
8.4.3 Social security system
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Association of Insurance Supervisors Latin America
8.5.3 Secretaria de Hacienda y Credito Publico
8.5.4 Comision Nacional de Seguros y Fianzas
8.5.5 Association of Mexican Insurance Companies
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding tax on insurance premiums paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 Appendix
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetric's Services
9.4 Disclaimer

List of Tables
Table 1: Mexican Life Insurance - Key Facts, 2014 
Table 2: Insurance Industry Definitions 
Table 3: Mexican Government Credit Ratings 
Table 4: Mexican Life Insurance - Gross Written Premium by Category (MXN Billion), 2010-2014 
Table 5: Mexican Life Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014 
Table 6: Mexican Life Insurance - Gross Written Premium by Category (MXN Billion), 2014-2019 
Table 7: Mexican Life Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019 
Table 8: Mexican Life Insurance - New Business Direct Written Premium (MXN Billion), 2010-2014 
Table 9: Mexican Life Insurance - New Business Direct Written Premium (MXN Billion), 2014-2019 
Table 10: Mexican Life Insurance - Net Earned Premium (MXN Billion), 2010-2014 
Table 11: Mexican Life Insurance - Net Earned Premium (MXN Billion), 2014-2019 
Table 12: Mexican Life Insurance - Paid Claims (MXN Billion), 2010-2014 
Table 13: Mexican Life Insurance - Paid Claims (MXN Billion), 2014-2019 
Table 14: Mexican Life Insurance - Incurred Loss (MXN Billion), 2010-2014 
Table 15: Mexican Life Insurance - Incurred Loss (MXN Billion), 2014-2019 
Table 16: Mexican Life Insurance - Number of Policies per Capita, 2010-2014 
Table 17: Mexican Life Insurance - Number of Policies per Capita, 2014-2019 
Table 18: Mexican Life Insurance - Commissions and Expenses (MXN Billion), 2010-2014 
Table 19: Mexican Life Insurance - Commissions and Expenses (MXN Billion), 2014-2019 
Table 20: Mexican Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014 
Table 21: Mexican Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019 
Table 22: Mexican Life Insurance - Renewal Business Direct Written Premium (MXN Billion), 2010-2014 
Table 23: Mexican Life Insurance - Renewal Business Direct Written Premium (MXN Billion), 2014-2019 
Table 24: Mexican Life Insurance - Total Assets (MXN Billion), 2010-2014 
Table 25: Mexican Life Insurance - Total Assets (MXN Billion), 2014-2019 
Table 26: Mexican Life Insurance - Total Investment Income (MXN Billion), 2010-2014 
Table 27: Mexican Life Insurance - Total Investment Income (MXN Billion), 2014-2019 
Table 28: Mexican Life Insurance - Net Written Premium (MXN Billion), 2010-2014 
Table 29: Mexican Life Insurance - Net Written Premium (MXN Billion), 2014-2019 
Table 30: Mexican Individual Life Insurance - Gross Written Premium by Category (MXN Billion), 2010-2014 
Table 31: Mexican Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014 
Table 32: Mexican Individual Life Insurance - Gross Written Premium by Category (MXN Billion), 2014-2019 
Table 33: Mexican Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019 
Table 34: Mexican Individual Life Insurance - Direct Written Premium by Category (MXN Billion), 2010-2014 
Table 35: Mexican Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014 
Table 36: Mexican Individual Life Insurance - Direct Written Premium by Category (MXN Billion), 2014-2019 
Table 37: Mexican Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019 
Table 38: Mexican Individual Life Insurance - Policies by Category (Thousand), 2010-2014 
Table 39: Mexican Individual Life Insurance - Policies by Category (Thousand), 2014-2019 
Table 40: Mexican Individual Whole Life Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 41: Mexican Individual Whole Life Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 42: Mexican Individual Whole Life Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 43: Mexican Individual Whole Life Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 44: Mexican Individual Pension Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 45: Mexican Individual Pension Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 46: Mexican Individual Pension Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 47: Mexican Individual Pension Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 48: Mexican Individual Endowment Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 49: Mexican Individual Endowment Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 50: Mexican Individual Endowment Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 51: Mexican Individual Endowment Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 52: Mexican Individual Term Life Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 53: Mexican Individual Term Life Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 54: Mexican Individual Term Life Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 55: Mexican Individual Term Life Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 56: Mexican Individual Supplementary Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 57: Mexican Individual Supplementary Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 58: Mexican Individual Supplementary Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 59: Mexican Individual Supplementary Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 60: Mexican Other Individual Life Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 61: Mexican Other Individual Life Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 62: Mexican Other Individual Life Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 63: Mexican Other Individual Life Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 64: Mexican Group Life Insurance - Gross Written Premium (MXN Billion), 2010-2014 
Table 65: Mexican Group Life Insurance - Gross Written Premium (MXN Billion), 2014-2019 
Table 66: Mexican Group Life Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 67: Mexican Group Life Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 68: Mexican Group Life Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 69: Mexican Group Whole Life Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 70: Mexican Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 71: Mexican Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 72: Mexican Individual Single-Premium Insurance - Gross Written Premium (MXN Billion), 2010-2014 
Table 73: Mexican Individual Single-Premium Insurance - Gross Written Premium (MXN Billion), 2014-2019 
Table 74: Mexican Individual Single-Premium Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 75: Mexican Individual Single-Premium Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 76: Mexican Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 77: Mexican Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 78: Mexican Individual Non-Single-Premium Insurance - Gross Written Premium (MXN Billion), 2010-2014 
Table 79: Mexican Individual Non-Single-Premium Insurance - Gross Written Premium (MXN Billion), 2014-2019 
Table 80: Mexican Individual Non-Single-Premium Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 81: Mexican Individual Non-Single-Premium Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 82: Mexican Group Single-Premium Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 83: Mexican Group Single-Premium Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 84: Mexican Group Single-Premium Insurance - Gross Written Premium (MXN Billion), 2010-2014 
Table 85: Mexican Group Single-Premium Insurance - Gross Written Premium (MXN Billion), 2014-2019 
Table 86: Mexican Group Single-Premium Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 87: Mexican Group Single-Premium Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 88: Mexican Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2010-2014 
Table 89: Mexican Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2014-2019 
Table 90: Mexican Group Non-Single-Premium Insurance - Gross Written Premium (MXN Billion), 2010-2014 
Table 91: Mexican Group Non-Single-Premium Insurance - Gross Written Premium (MXN Billion), 2014-2019 
Table 92: Mexican Group Non-Single-Premium Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 93: Mexican Group Non-Single-Premium Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 94: Mexican Non-Linked Insurance Business - Number of Active Policies (Thousand), 2010-2014 
Table 95: Mexican Non-Linked Insurance Business - Number of Active Policies (Thousand), 2014-2019 
Table 96: Mexican Non-Linked Insurance Business - Gross Written Premium (MXN Billion), 2010-2014 
Table 97: Mexican Non-Linked Insurance Business - Gross Written Premium (MXN Billion), 2014-2019 
Table 98: Mexican Non-Linked Insurance Business - Direct Written Premium (MXN Billion), 2010-2014 
Table 99: Mexican Non-Linked Insurance Business - Direct Written Premium (MXN Billion), 2014-2019 
Table 100: Mexican Life Insurance - Direct Marketing Value of Commissions (MXN Billion), 2010-2014 
Table 101: Mexican Life Insurance - Direct Marketing Value of Commissions (MXN Billion), 2014-2019 
Table 102: Mexican Life Insurance - Direct Marketing New Business Direct Written Premium (MXN Billion), 2010-2014 
Table 103: Mexican Life Insurance - Direct Marketing New Business Direct Written Premium (MXN Billion), 2014-2019 
Table 104: Mexican Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2010-2014 
Table 105: Mexican Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2014-2019 
Table 106: Mexican Life Insurance - Bancassurance Value of Commissions (MXN Billion), 2010-2014 
Table 107: Mexican Life Insurance - Bancassurance Value of Commissions (MXN Billion), 2014-2019 
Table 108: Mexican Life Insurance - Bancassurance New Business Direct Written Premium (MXN Billion), 2010-2014 
Table 109: Mexican Life Insurance - Bancassurance New Business Direct Written Premium (MXN Billion), 2014-2019 
Table 110: Mexican Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2010-2014 
Table 111: Mexican Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2014-2019 
Table 112: Mexican Life Insurance - Number of Banking Entities, 2010-2014 
Table 113: Mexican Life Insurance - Number of Banking Entities, 2014-2019 
Table 114: Mexican Life Insurance - Agencies' Value of Commissions (MXN Billion), 2010-2014 
Table 115: Mexican Life Insurance - Agencies' Value of Commissions (MXN Billion), 2014-2019 
Table 116: Mexican Life Insurance - Agencies' New Business Direct Written Premium (MXN Billion), 2010-2014 
Table 117: Mexican Life Insurance - Agencies' New Business Direct Written Premium (MXN Billion), 2014-2019 
Table 118: Mexican Life Insurance - New Policies Sold Through Agencies (Thousand), 2010-2014 
Table 119: Mexican Life Insurance - New Policies Sold Through Agencies (Thousand), 2014-2019 
Table 120: Mexican Life Insurance - Number of Insurance Agents, 2010-2014 
Table 121: Mexican Life Insurance - Number of Insurance Agents, 2014-2019 
Table 122: Mexican Life Insurance - Brokers' Value of Commissions (MXN Billion), 2010-2014 
Table 123: Mexican Life Insurance - Brokers' Value of Commissions (MXN Billion), 2014-2019 
Table 124: Mexican Life Insurance - Brokers' New Business Direct Written Premium (MXN Billion), 2010-2014 
Table 125: Mexican Life Insurance - Brokers' New Business Direct Written Premium (MXN Billion), 2014-2019 
Table 126: Mexican Life Insurance - New Policies Sold Through Brokers (Thousand), 2010-2014 
Table 127: Mexican Life Insurance - New Policies Sold Through Brokers (Thousand), 2014-2019 
Table 128: Mexican Life Insurance - Other Channels' Value of Commissions (MXN Billion), 2010-2014 
Table 129: Mexican Life Insurance - Other Channels' Value of Commissions (MXN Billion), 2014-2019 
Table 130: Mexican Life Insurance - Other Channels' New Business Direct Written Premium (MXN Billion), 2010-2014 
Table 131: Mexican Life Insurance - Other Channels' New Business Direct Written Premium (MXN Billion), 2014-2019 
Table 132: Mexican Life Insurance - New Policies Sold Through Other Channels (Thousand), 2010-2014 
Table 133: Mexican Life Insurance - New Policies Sold Through Other Channels (Thousand), 2014-2019 
Table 134: Mexican Life Insurance - Shares of Key Insurers (%), 2014 
Table 135: MetLife Mexico, SA, Key Facts 
Table 136: MetLife Mexico, SA, Key Financials (MXN Million), 2010-2014 
Table 137: Seguros Banamex, SA de CV, Key Facts 
Table 138: Seguros Banamex SA, Key Financials (MXN Million), 2010-2014 
Table 139: Seguros BBVA Bancomer SA de C.V, Key Facts 
Table 140: Seguros BBVA Bancomer, Key Financials (MXN Million), 2010-2014 
Table 141: Grupo Nacional Provincial, SAB, Key Facts 
Table 142: Grupo Nacional Provincial, SAB, Key Financials (MXN Million), 2010-2014 
Table 143: Seguros Monterrey New York Life, SA de CV, Key Facts 
Table 144: Seguros Monterrey New York Life, Key Financials (MXN Million), 2010-2014 
Table 145: Axa Seguros SA de CV, Key Facts 
Table 146: Axa Seguros SA de CV, Key Financials (MXN Million), 2010-2014 
Table 147: Allianz Mexico, SA, Compania de Seguros, Key Facts 
Table 148: Allianz Mexico, SA, Key Financials (MXN Million), 2010-2014 
Table 149: Seguros Banorte Generali SA de CV, Key Facts 
Table 150: Seguros Banorte Generali, SA, Key Financials (MXN Million), 2010-2014 
Table 151: Zurich Santander Seguros Mexico, SA, Key Facts 
Table 152: Zurich Santander Seguros Mexico, SA, Key Financials (MXN Million), 2010-2014 
Table 153: Seguros Inbursa, SA, Grupo Financiero Inbursa, Key Facts 
Table 154: Seguros Inbursa, SA, Key Financials (MXN Million), 2010-2014 
Table 155: Mexico - Insurance Regulatory Framework Key Features 
Table 156: Mexico - Life Insurance Regulatory Framework 
Table 157: Mexico - Property Insurance Regulatory Framework 
Table 158: Mexico - Motor Insurance Regulatory Framework 
Table 159: Mexico - Liability Insurance Regulatory Framework 
Table 160: Mexico - Corporate Tax Rates for the Financial Year 2015