Personal Accident and Health Insurance in Chile, Key Trends and Opportunities to 2018

Published: Nov, 2014 | Pages: 242 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
The personal accident and health insurance segment was one of the fastest-growing in the Chilean insurance industry during the review period (2009–2013). The segment primarily benefited from the country’s increasing healthcare cost, compulsory personal accident insurance, compulsory minimum health insurance contributions and growth within the travel and tourism sector. 

The leading insurers in the segment included MetLife Chile, EuroAmerica and BICE Vida. The segment’s healthy review-period growth is expected to encourage several international companies to enter the segment, making it more competitive over the forecast period (2013−2018). Moreover, government efforts to build a regulatory framework for private health insurers, along with country’s regulatory reforms in line with Europe’s solvency regulations, are projected to support Chilean personal accident and health insurers to build high levels of consumer confidence.

Summary
The report provides in-depth market analysis, information and insights into the Chilean personal accident and health insurance segment, including:

• The Chilean personal accident and health insurance segment’s growth prospects by insurance category
• Key trends and drivers for the personal accident and health insurance segment 
• The various distribution channels in the Chilean personal accident and health insurance segment
• The detailed competitive landscape in the personal accident and health insurance segment in Chile 
• Detailed regulatory policies of the Chilean insurance industry
• Analysis of various consumer segments in Chilean personal accident and health insurance
• Key developments in the Chilean personal accident and health insurance segment
• New products launched by Chilean personal accident and health insurers

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Chile :

• It provides historical values for the Chilean personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categories in the Chilean personal accident and health 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 personal accident and health insurance products in Chile .
• It profiles the top personal accident and health insurance companies in Chile and outlines the key regulations affecting them.

Reasons To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to Chilean personal accident and health insurance segment and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Chilean personal accident and health insurance segment.
• Assess the competitive dynamics in the personal accident and health insurance segment.
• Identify the growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Chilean insurance segment, and their impact on companies and the industry's future.

Key Highlights
• The personal accident and health insurance segment was one of the fastest growing in the Chilean insurance industry during the review period (2009–2013).
• The segment primarily benefited from the country’s increasing healthcare cost, compulsory personal accident insurance, compulsory minimum health insurance contributions and growth within the travel and tourism sector.
• The segment’s healthy review-period growth is expected to encourage several international companies to enter the segment, making it more competitive over the forecast period (2013−2018).
• Government efforts to build a regulatory framework for private health insurers, along with country’s regulatory reforms in line with Europe’s solvency regulations, are projected to support Chilean personal accident and health insurers to build high levels of consumer confidence.
• Personal accident and health insurers need to develop effective distribution models to meet the needs of the country’s socio-economically diverse regions, as a strong and efficient distribution network enables insurance companies to maintain their cost competiveness.

 Table of Contents
1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Chilean Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2009–2018
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Recent Market Developments

4 Personal Accident and Health Insurance Segment Outlook
4.1 Consumer Segmentation and Buying Behavior
4.2 Product and Marketing Strategies
4.3 Personal Accident and Health Insurance Growth Prospects by Category
4.3.1 Personal accident
4.3.2 Travel insurance
4.3.3 Health insurance
4.3.4 Non-life health insurance
4.3.5 Life health insurance

5 Analysis by Distribution Channels
5.1 Direct Marketing
5.2 Bancassurance
5.3 Agencies
5.4 E-commerce
5.5 Brokers
5.6 Other Channels

6 Porter’s Five Forces Analysis – Chilean Personal Accident and Health Insurance
6.1 Bargaining Power of Suppliers: Low
6.2 Bargaining Power of Buyers: Medium to High
6.3 Barriers to Entry: Medium
6.4 Intensity of Rivalry: Medium to High
6.5 Threat of Substitutes: Low

7 Reinsurance Growth Dynamics and Challenges
7.1 Reinsurance Segment Size, 2009–2018
7.2 Reinsurance Segment Size by Type of Insurance, 2009–2018

8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Regulations by Type of Insurance
8.2.1 Life insurance regulations
8.2.2 Property insurance regulations
8.2.3 Motor insurance regulations
8.2.4 Marine, aviation and transit insurance regulations
8.2.5 Personal accident and health insurance regulations
8.3 Compulsory Insurance
8.3.1 Insurance for motor vehicles accidents
8.3.2 Insurance for pension fund administrators to guarantee performance
8.3.3 Workmen’s compensation insurance
8.4 Supervision and Control
8.4.1 International Association of Insurance Supervisors
8.4.2 Association of Insurance Supervisors Latin America
8.4.3 Superintendent of Security Markets and Insurance Companies
8.4.4 Insurance Association of Chile
8.5 Non-Admitted Insurance Regulations
8.5.1 Overview
8.5.2 Intermediaries
8.5.3 Market practices
8.5.4 Fines and penalties
8.6 Company Registration and Operations
8.6.1 Types of insurance organization
8.6.2 Establishing a local company
8.6.3 Foreign ownership
8.6.4 Types of license
8.6.5 Capital requirements
8.6.6 Solvency margins
8.6.7 Reserve requirements
8.6.8 Investment regulations
8.6.9 Statutory return requirements
8.6.10 Fees structure
8.7 Taxation
8.7.1 Insurance premium or policy taxation
8.7.2 Corporate tax
8.7.3 VAT
8.7.4 Captives
8.8 Legal System
8.8.1 Introduction
8.8.2 Access to court
8.8.3 Alternative dispute resolution (ADR)

9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Chilean Personal Accident and Health Insurance Segment
9.3 MetLife Chile Seguros de Vida – Company Overview
9.3.1 MetLife Chile Seguros de Vida – key facts
9.4 EuroAmerica Seguros de Vida SA – Company Overview
9.4.1 EuroAmerica Seguros de Vida SA – key facts
9.5 BICE Vida Compañía de Seguros SA – Company Overview
9.5.1 BICE Vida Compañía de Seguros SA – key facts
9.6 BCI Seguros Generales SA – Company Overview
9.6.1 BCI Seguros Generales SA – key facts
9.7 Seguros Vida Security Prevision SA – Company Overview
9.7.1 Seguros Vida Security Prevision SA – key facts
9.8 Compañía de Seguros de Vida Cruz del Sur SA – Company Overview
9.8.1 Compañía de Seguros de Vida Cruz del Sur SA – key facts
9.9 Zurich Santander Seguros Chile SA – Company Overview
9.9.1 Zurich Santander Seguros Chile SA – key facts
9.10 Seguros de Vida Sura SA – Company Overview
9.10.1 Seguros de Vida Sura SA – key facts
9.11 Chilena Consolidada Seguros de Vida SA – Company Overview
9.11.1 Chilena Consolidada Seguros de Vida SA – key facts
9.12 Banchile Seguros de Vida SA – Company Overview
9.12.1 Banchile Seguros de Vida SA – key facts

10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Market capitalization trend – Santiago Stock Exchange, Chile
10.2 Economic Performance
10.2.1 GDP at constant prices (US$)
10.2.2 GDP per capita at constant prices (US$)
10.2.3 GDP at current prices (US$)
10.2.4 GDP per capita at current prices (US$)
10.2.5 GDP by key segments
10.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
10.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
10.2.8 Manufacturing net output at current prices (US$)
10.2.9 Manufacturing net output at current prices as a percentage of GDP
10.2.10 Mining, manufacturing and utilities at current prices (US$)
10.2.11 Mining, manufacturing and utilities at current prices as a percentage of GDP
10.2.12 Construction net output at current prices (US$)
10.2.13 Construction net output at current prices as a percentage of GDP
10.2.14 Inflation rate
10.2.15 Exports as a percentage of GDP
10.2.16 Imports as a percentage of GDP
10.2.17 Merchandise exports growth
10.2.18 Merchandise imports growth
10.2.19 Annual average exchange rate CLP–US$
10.3 Infrastructure
10.3.1 Commercial vehicles exports – total value
10.3.2 Commercial vehicles imports – total value
10.3.3 Automotive exports – total value
10.3.4 Automotive imports – total value
10.3.5 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Gross national disposable income (US$)
10.5.2 Household consumption expenditure (US$)
10.5.3 Total population
10.5.4 Urban and rural populations
10.5.5 Age distribution of the total population

11 Appendix
11.1 Methodology
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetric’s Services
11.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Chilean Insurance – Gross Written Premium by Segment (CLP Trillion), 2009–2013
Table 3: Chilean Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 4: Chilean Insurance – Gross Written Premium by Segment (CLP Trillion), 2013–2018
Table 5: Chilean Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 6: Chilean Insurance – Segmentation, Gross Written Premium (% Share), 2009–2018
Table 7: Chilean Insurance – Direct Written Premium by Segment (CLP Trillion), 2009–2013
Table 8: Chilean Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 9: Chilean Insurance – Direct Written Premium by Segment (CLP Trillion), 2013–2018
Table 10: Chilean Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 11: Chilean Insurance – Direct Written Premium by Segment (% Share), 2009–2018
Table 12: Chilean Personal Accident and Health Insurance – Gross Written Premium by Category (CLP Billion), 2009–2013
Table 13: Chilean Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2009–2013
Table 14: Chilean Personal Accident and Health Insurance – Gross Written Premium by Category (CLP Billion), 2013–2018
Table 15: Chilean Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2013–2018
Table 16: Chilean Personal Accident and Health Insurance – Direct Written Premium by Category (CLP Billion), 2009–2013
Table 17: Chilean Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2009–2013
Table 18: Chilean Personal Accident and Health Insurance – Direct Written Premium by Category (CLP Billion), 2013–2018
Table 19: Chilean Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2013–2018
Table 20: Chilean Personal Accident and Health Insurance – Earned Premium (CLP Billion), 2009–2013
Table 21: Chilean Personal Accident and Health Insurance – Earned Premium (CLP Billion), 2013–2018
Table 22: Chilean Personal Accident and Health Insurance – Paid Claims by Category (CLP Billion), 2009–2013
Table 23: Chilean Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2009–2013
Table 24: Chilean Personal Accident and Health Insurance – Paid Claims by Category (CLP Billion), 2013–2018
Table 25: Chilean Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2013–2018
Table 26: Chilean Personal Accident and Health Insurance – Incurred Loss by Category (CLP Billion), 2009–2013
Table 27: Chilean Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2009–2013
Table 28: Chilean Personal Accident and Health Insurance – Incurred Loss by Category (CLP Billion), 2013–2018
Table 29: Chilean Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2013–2018
Table 30: Chilean Personal Accident and Health Insurance – Retentions by Category (CLP Billion), 2009–2013
Table 31: Chilean Personal Accident and Health Insurance – Retentions by Category (US$ Million), 2009–2013
Table 32: Chilean Personal Accident and Health Insurance – Retentions by Category (CLP Billion), 2013–2018
Table 33: Chilean Personal Accident and Health Insurance – Retentions by Category (US$ Million), 2013–2018
Table 34: Chilean Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Table 35: Chilean Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Table 36: Chilean Personal Accident and Health Insurance – Commission and Expenses (CLP Billion), 2009–2013
Table 37: Chilean Personal Accident and Health Insurance – Commission and Expenses (CLP Billion), 2013–2018
Table 38: Chilean Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Table 39: Chilean Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Table 40: Chilean Personal Accident and Health Insurance – Frauds and Crimes (CLP Billion), 2009–2013
Table 41: Chilean Personal Accident and Health Insurance – Frauds and Crimes (CLP Billion), 2013–2018
Table 42: Chilean Personal Accident and Health Insurance – Total Assets (CLP Trillion), 2009–2013
Table 43: Chilean Personal Accident and Health Insurance – Total Assets (CLP Trillion), 2013–2018
Table 44: Chilean Personal Accident and Health Insurance – Total Investment Income (CLP Billion), 2009–2013
Table 45: Chilean Personal Accident and Health Insurance – Total Investment Income (CLP Billion), 2013–2018
Table 46: Chilean Personal Accident Insurance – Number of Policies Sold (Million), 2009–2013
Table 47: Chilean Personal Accident Insurance – Number of Policies Sold (Million), 2013–2018
Table 48: Chilean Personal Accident Insurance – Gross Written Premium (CLP Billion), 2009–2013
Table 49: Chilean Personal Accident Insurance – Gross Written Premium (CLP Billion), 2013–2018
Table 50: Chilean Personal Accident Insurance – Loss Ratio (%), 2009–2013
Table 51: Chilean Personal Accident Insurance – Loss Ratio (%), 2013–2018
Table 52: Chilean Travel Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 53: Chilean Travel Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 54: Chilean Travel Insurance – Gross Written Premium (CLP Billion), 2009–2013
Table 55: Chilean Travel Insurance – Gross Written Premium (CLP Billion), 2013–2018
Table 56: Chilean Travel Insurance – Loss Ratio (%), 2009–2013
Table 57: Chilean Travel Insurance – Loss Ratio (%), 2013–2018
Table 58: Chilean Health Insurance – Gross Written Premium by Sub-Category (CLP Billion), 2009–2013
Table 59: Chilean Health Insurance – Gross Written Premium by Sub-Category (US$ Million), 2009–2013
Table 60: Chilean Health Insurance – Gross Written Premium by Sub-Category (CLP Billion), 2013–2018
Table 61: Chilean Health Insurance – Gross Written Premium by Sub-Category (US$ Million), 2013–2018
Table 62: Chilean Non-Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 63: Chilean Non-Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 64: Chilean Non-Life Health Insurance – Gross Written Premium (CLP Billion), 2009–2013
Table 65: Chilean Non-Life Health Insurance – Gross Written Premium (CLP Billion), 2013–2018
Table 66: Chilean Non-Life Health Insurance – Direct Written Premium (CLP Billion), 2009–2013
Table 67: Chilean Non-Life Health Insurance – Direct Written Premium (CLP Billion), 2013–2018
Table 68: Chilean Non-Life Health Insurance – Loss Ratio (%), 2009–2013
Table 69: Chilean Non-Life Health Insurance – Loss Ratio (%), 2013–2018
Table 70: Chilean Non-Life Health Insurance – Retentions (CLP Billion), 2009–2013
Table 71: Chilean Non-Life Health Insurance – Retentions (CLP Billion), 2013–2018
Table 72: Chilean Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 73: Chilean Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 74: Chilean Life Health Insurance – Gross Written Premium (CLP Billion), 2009–2013
Table 75: Chilean Life Health Insurance – Gross Written Premium (CLP Billion), 2013–2018
Table 76: Chilean Life Health Insurance – Direct Written Premium (CLP Billion), 2009–2013
Table 77: Chilean Life Health Insurance – Direct Written Premium (CLP Billion), 2013–2018
Table 78: Chilean Life Health Insurance – Loss Ratio (%), 2009–2013
Table 79: Chilean Life Health Insurance – Loss Ratio (%), 2013–2018
Table 80: Chilean Life Health Insurance – Retentions (CLP Billion), 2009–2013
Table 81: Chilean Life Health Insurance – Retentions (CLP Billion), 2013–2018
Table 82: Chilean Personal Accident and Health Insurance – Direct Marketing Commission Paid (CLP Billion), 2009–2013
Table 83: Chilean Personal Accident and Health Insurance – Direct Marketing Commission Paid (CLP Billion), 2013–2018
Table 84: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Direct Marketing (CLP Billion), 2009–2013
Table 85: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Direct Marketing (CLP Billion), 2013–2018
Table 86: Chilean Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 87: Chilean Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 88: Chilean Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2009–2013
Table 89: Chilean Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2013–2018
Table 90: Chilean Personal Accident and Health Insurance – Bancassurance Commission Paid (CLP Billion), 2009–2013
Table 91: Chilean Personal Accident and Health Insurance – Bancassurance Commission Paid (CLP Billion), 2013–2018
Table 92: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Bancassurance (CLP Billion), 2009–2013
Table 93: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Bancassurance (CLP Billion), 2013–2018
Table 94: Chilean Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Table 95: Chilean Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Table 96: Chilean Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2009–2013
Table 97: Chilean Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2013–2018
Table 98: Chilean Personal Accident and Health Insurance – Commission Paid to Agencies (CLP Billion), 2009–2013
Table 99: Chilean Personal Accident and Health Insurance – Commission Paid to Agencies (CLP Billion), 2013–2018
Table 100: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Agencies (CLP Billion), 2009–2013
Table 101: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Agencies (CLP Billion), 2013–2018
Table 102: Chilean Personal Accident and Health Insurance – Policies Sold Through Agencies (Million), 2009–2013
Table 103: Chilean Personal Accident and Health Insurance – Policies Sold Through Agencies (Million), 2013–2018
Table 104: Chilean Personal Accident and Health Insurance – Number of Agencies, 2009–2013
Table 105: Chilean Personal Accident and Health Insurance – Number of Agencies, 2013–2018
Table 106: Chilean Personal Accident and Health Insurance – E-Commerce Commission Paid (CLP Billion), 2009–2013
Table 107: Chilean Personal Accident and Health Insurance – E-Commerce Commission Paid (CLP Billion), 2013–2018
Table 108: Chilean Personal Accident and Health Insurance – Gross Written Premium Through E-Commerce (CLP Billion), 2009–2013
Table 109: Chilean Personal Accident and Health Insurance – Gross Written Premium Through E-Commerce (CLP Billion), 2013–2018
Table 110: Chilean Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Table 111: Chilean Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Table 112: Chilean Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2009–2013
Table 113: Chilean Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2013–2018
Table 114: Chilean Personal Accident and Health Insurance – Commission Paid to Brokers (CLP Billion), 2009–2013
Table 115: Chilean Personal Accident and Health Insurance – Commission Paid to Brokers (CLP Billion), 2013–2018
Table 116: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Brokers (CLP Billion), 2009–2013
Table 117: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Brokers (CLP Billion), 2013–2018
Table 118: Chilean Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Table 119: Chilean Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Table 120: Chilean Personal Accident and Health Insurance – Number of Brokers, 2009–2013
Table 121: Chilean Personal Accident and Health Insurance – Number of Brokers, 2013–2018
Table 122: Chilean Personal Accident and Health Insurance – Commission Paid to Other Channels (CLP Billion), 2009–2013
Table 123: Chilean Personal Accident and Health Insurance – Commission Paid to Other Channels (CLP Billion), 2013–2018
Table 124: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Other Channels (CLP Billion), 2009–2013
Table 125: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Other Channels (CLP Billion), 2013–2018
Table 126: Chilean Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Table 127: Chilean Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Table 128: Chilean Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2009–2013
Table 129: Chilean Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2013–2018
Table 130: Chilean Reinsurance – Premium Accepted by Category (CLP Billion), 2009–2013
Table 131: Chilean Reinsurance – Premium Accepted by Category (US$ Million), 2009–2013
Table 132: Chilean Reinsurance – Premium Accepted by Category (CLP Billion), 2013–2018
Table 133: Chilean Reinsurance – Premium Accepted by Category (US$ Million), 2013–2018
Table 134: Chilean Reinsurance – Premium Ceded by Type of Insurance (CLP Billion), 2009–2013
Table 135: Chilean Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2009–2013
Table 136: Chilean Reinsurance – Premium Ceded by Type of Insurance (CLP Billion), 2013–2018
Table 137: Chilean Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2013–2018
Table 138: Chilean Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 139: Chilean Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 140: Chile – Life Insurance Regulatory Framework
Table 141: Chile – Property Insurance Regulatory Framework
Table 142: Chile – Motor Insurance Regulatory Framework
Table 143: Chile – Factors Used for Solvency Margin Calculation
Table 144: Chile – Corporate Tax Rates for the Financial Year 2013
Table 145: Number of Insurance Providers in Chile, 2008–2012
Table 146: Shares of Key Insurers in the Chilean Personal Accident and Health Insurance Segment (%), 2012
Table 147: MetLife Chile Seguros de Vida, Key Facts
Table 148: EuroAmerica Seguros de Vida SA, Key Facts
Table 149: BICE Vida Compañía de Seguros SA, Key Facts
Table 150: BCI Seguros Generales SA, Key Facts
Table 151: Seguros Vida Security Prevision SA , Key Facts
Table 152: Compañía de Seguros de Vida Cruz del Sur SA, Key Facts
Table 153: Zurich Santander Seguros Chile SA, Key Facts
Table 154: Seguros de Vida Sura SA, Key Facts
Table 155: Chilena Consolidada Seguros de Vida SA, Key Facts
Table 156: Banchile Seguros de Vida SA, Key Facts

List of Figures
Figure 1: Chilean Insurance – Gross Written Premium by Segment (CLP Trillion), 2009–2018
Figure 2: Chilean Insurance – Dynamics by Segment, Gross Written Premium (2009–2018)
Figure 3: Chilean Insurance – Direct Written Premium by Segment (CLP Billion), 2009–2018
Figure 4: Chilean Insurance – Direct Written Premium Dynamics by Segment, (2009–2018)
Figure 5: Chilean Personal Accident and Health Insurance – Gross Written Premium by Category (CLP Billion), 2009–2018
Figure 6: Chilean Personal Accident and Health Insurance – Gross Written Premium by Category (% Share), 2013 and 2018
Figure 7: Chilean Personal Accident and Health Insurance – Dynamics by Category, 2009–2018
Figure 8: Chilean Personal Accident and Health Insurance – Direct Written Premium by Category (CLP Billion), 2009–2018
Figure 9: Chilean Personal Accident and Health Insurance – Direct Written Premium by Category (% Share), 2013 and 2018
Figure 10: Chilean Personal Accident and Health Insurance – Dynamics by Category, 2009–2018
Figure 11: Chilean Personal Accident and Health Insurance – Earned Premium (CLP Billion), 2009–2013
Figure 12: Chilean Personal Accident and Health Insurance – Earned Premium (CLP Billion), 2013–2018
Figure 13: Chilean Personal Accident and Health Insurance – Paid Claims by Category (CLP Billion), 2009–2018
Figure 14: Chilean Personal Accident and Health Insurance – Incurred Loss by Category (CLP Billion), 2009–2018
Figure 15: Chilean Personal Accident and Health Insurance – Retention by Category (CLP Billion), 2009–2018
Figure 16: Chilean Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Figure 17: Chilean Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Figure 18: Chilean Personal Accident and Health Insurance – Commission and Expenses (CLP Billion), 2009–2013
Figure 19: Chilean Personal Accident and Health Insurance – Commission and Expenses (CLP Billion), 2013–2018
Figure 20: Chilean Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Figure 21: Chilean Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Figure 22: Chilean Personal Accident and Health Insurance – Frauds and Crimes (CLP Billion), 2009–2013
Figure 23: Chilean Personal Accident and Health Insurance – Frauds and Crimes (CLP Billion), 2013–2018
Figure 24: Chilean Personal Accident and Health Insurance – Total Assets (CLP Trillion), 2009–2013
Figure 25: Chilean Personal Accident and Health Insurance – Total Assets (CLP Trillion), 2013–2018
Figure 26: Chilean Personal Accident and Health Insurance – Total Investment Income (CLP Billion), 2009–2013
Figure 27: Chilean Personal Accident and Health Insurance – Total Investment Income (CLP Billion), 2013–2018
Figure 28: Chilean Personal Accident and Health Insurance – Investment Portfolio (CLP Billion), 2009–2013
Figure 29: Chilean Personal Accident and Health Insurance – Investment Portfolio (% Share), 2009 and 2013
Figure 30: Chilean Personal Accident and Health Insurance – Penetration (% of GDP), 2009–2013
Figure 31: Chilean Personal Accident and Health Insurance – Number of Policies Sold (Million), 2009–2013
Figure 32: Chilean Personal Accident and Health Insurance – Number of Policies Sold (Million), 2013–2018
Figure 33: Chilean Personal Accident and Health Insurance – Premium Per Capita (CLP), 2009–2013
Figure 34: Chilean Personal Accident Insurance – Number of Policies Sold (Million), 2009–2013
Figure 35: Chilean Personal Accident Insurance – Number of Policies Sold (Million), 2013–2018
Figure 36: Chilean Personal Accident Insurance – Gross Written Premium (CLP Billion), 2009–2013
Figure 37: Chilean Personal Accident Insurance – Gross Written Premium (CLP Billion), 2013–2018
Figure 38: Chilean Personal Accident Insurance – Loss Ratio (%), 2009–2013
Figure 39: Chilean Personal Accident Insurance – Loss Ratio (%), 2013–2018
Figure 40: Chilean Travel Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 41: Chilean Travel Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 42: Chilean Travel Insurance – Gross Written Premium (CLP Billion), 2009–2013
Figure 43: Chilean Travel Insurance – Gross Written Premium (CLP Billion), 2013–2018
Figure 44: Chilean Travel Insurance – Loss Ratio (%), 2009–2013
Figure 45: Chilean Travel Insurance – Loss Ratio (%), 2013–2018
Figure 46: Chilean Health Insurance – Gross Written Premium by Sub-Category (CLP Billion), 2009–2018
Figure 47: Chilean Health Insurance – Dynamics by Sub-Category, 2009–2018
Figure 48: Chilean Non-Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 49: Chilean Non-Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 50: Chilean Non-Life Health Insurance – Gross Written Premium (CLP Billion), 2009–2013
Figure 51: Chilean Non-Life Health Insurance – Gross Written Premium (CLP Billion), 2013–2018
Figure 52: Chilean Non-Life Health Insurance – Direct Written Premium (CLP Billion), 2009–2013
Figure 53: Chilean Non-Life Health Insurance – Direct Written Premium (CLP Billion), 2013–2018
Figure 54: Chilean Non-Life Health Insurance – Loss Ratio (%), 2009–2013
Figure 55: Chilean Non-Life Health Insurance – Loss Ratio (%), 2013–2018
Figure 56: Chilean Non-Life Health Insurance – Retentions (CLP Billion), 2009–2013
Figure 57: Chilean Non-Life Health Insurance – Retentions (CLP Billion), 2013–2018
Figure 58: Chilean Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 59: Chilean Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 60: Chilean Life Health Insurance – Gross Written Premium (CLP Billion), 2009–2013
Figure 61: Chilean Life Health Insurance – Gross Written Premium (CLP Billion), 2013–2018
Figure 62: Chilean Life Health Insurance – Direct Written Premium (CLP Billion), 2009–2013
Figure 63: Chilean Life Health Insurance – Direct Written Premium (CLP Billion), 2013–2018
Figure 64: Chilean Life Health Insurance – Loss Ratio (%), 2009–2013
Figure 65: Chilean Life Health Insurance – Loss Ratio (%), 2013–2018
Figure 66: Chilean Life Health Insurance – Retentions (CLP Billion), 2009–2013
Figure 67: Chilean Life Health Insurance – Retentions (CLP Billion), 2013–2018
Figure 68: Chilean Personal Accident and Health Insurance – Written Premium by Distribution Channel (% Share), 2013 and 2018
Figure 69: Chilean Personal Accident and Health Insurance – Direct Marketing Commission Paid (CLP Billion), 2009–2013
Figure 70: Chilean Personal Accident and Health Insurance – Direct Marketing Commission Paid (CLP Billion), 2013–2018
Figure 71: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Direct Marketing (CLP Billion), 2009–2013
Figure 72: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Direct Marketing (CLP Billion), 2013–2018
Figure 73: Chilean Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Figure 74: Chilean Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Figure 75: Chilean Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2009–2013
Figure 76: Chilean Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2013–2018
Figure 77: Chilean Personal Accident and Health Insurance – Bancassurance Commission Paid (CLP Billion), 2009–2013
Figure 78: Chilean Personal Accident and Health Insurance – Bancassurance Commission Paid (CLP Billion), 2013–2018
Figure 79: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Bancassurance (CLP Billion), 2009–2013
Figure 80: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Bancassurance (CLP Billion), 2013–2018
Figure 81: Chilean Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Figure 82: Chilean Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Figure 83: Chilean Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2009–2013
Figure 84: Chilean Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2013–2018
Figure 85: Chilean Personal Accident and Health Insurance – Commission Paid to Agencies (CLP Billion), 2009–2013
Figure 86: Chilean Personal Accident and Health Insurance – Commission Paid to Agencies (CLP Billion), 2013–2018
Figure 87: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Agencies (CLP Billion), 2009–2013
Figure 88: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Agencies (CLP Billion), 2013–2018
Figure 89: Chilean Personal Accident and Health Insurance – Policies Sold Through Agencies (Million), 2009–2013
Figure 90: Chilean Personal Accident and Health Insurance – Policies Sold Through Agencies (Million), 2013–2018
Figure 91: Chilean Personal Accident and Health Insurance – Number of Agencies, 2009–2013
Figure 92: Chilean Personal Accident and Health Insurance – Number of Agencies, 2013–2018
Figure 93: Chilean Personal Accident and Health Insurance – E-Commerce Commission Paid (CLP Billion), 2009–2013
Figure 94: Chilean Personal Accident and Health Insurance – E-Commerce Commission Paid (CLP Billion), 2013–2018
Figure 95: Chilean Personal Accident and Health Insurance – Gross Written Premium Through E-Commerce (CLP Billion), 2009–2013
Figure 96: Chilean Personal Accident and Health Insurance – Gross Written Premium Through E-Commerce (CLP Billion), 2013–2018
Figure 97: Chilean Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Figure 98: Chilean Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Figure 99: Chilean Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2009–2013
Figure 100: Chilean Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2013–2018
Figure 101: Chilean Personal Accident and Health Insurance – Commission Paid to Brokers (CLP Billion), 2009–2013
Figure 102: Chilean Personal Accident and Health Insurance – Commission Paid to Brokers (CLP Billion), 2013–2018
Figure 103: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Brokers (CLP Billion), 2009–2013
Figure 104: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Brokers (CLP Billion), 2013–2018
Figure 105: Chilean Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Figure 106: Chilean Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Figure 107: Chilean Personal Accident and Health Insurance – Number of Brokers, 2009–2013
Figure 108: Chilean Personal Accident and Health Insurance – Number of Brokers, 2013–2018
Figure 109: Chilean Personal Accident and Health Insurance – Commission Paid to Other Channels (CLP Billion), 2009–2013
Figure 110: Chilean Personal Accident and Health Insurance – Commission Paid to Other Channels (CLP Billion), 2013–2018
Figure 111: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Other Channels (CLP Billion), 2009–2013
Figure 112: Chilean Personal Accident and Health Insurance – Gross Written Premium Through Other Channels (CLP Billion), 2013–2018
Figure 113: Chilean Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Figure 114: Chilean Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Figure 115: Chilean Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2009–2013
Figure 116: Chilean Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2013–2018
Figure 117: Chilean Personal Accident and Health Insurance – Five Forces Analysis
Figure 118: Chilean Reinsurance – Premium Accepted by Category (CLP Billion), 2009–2018
Figure 119: Chilean Reinsurance – Premium Accepted by Category (% Share), 2013 and 2018
Figure 120: Chilean Reinsurance – Premium Accepted Dynamics by Category, 2009–2018
Figure 121: Chilean Reinsurance – Premium Ceded by Type of Insurance (CLP Billion), 2009–2018
Figure 122: Chilean Reinsurance Segment – Premium Ceded Dynamics by Type of Insurance, 2009–2018
Figure 123: Chilean Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 124: Chilean Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 125: Chile – Insurance Regulatory Framework
Figure 126: Chile – Insurance Supervision and Control at Various Levels
Figure 127: Chile – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 128: Shares of Key Insurers in the Chilean Personal Accident and Health Insurance Segment (%), 2012
Figure 129: Chile, Santiago Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 130: Chilean GDP at Constant Prices (US$ Billion), 2008–2012
Figure 131: Chilean GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 132: Chilean GDP at Current Prices (US$ Billion), 2008–2012
Figure 133: Chilean GDP Per Capita at Current Prices (US$), 2008–2012
Figure 134: Chilean GDP by Key Segments (%) 2007 and 2011
Figure 135: Chilean Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 136: Chilean Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 137: Chilean Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 138: Chilean Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 139: Chilean Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 140: Chilean Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 141: Chilean Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 142: Chilean Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 143: Chilean Inflation Rate (%), 2008–2012
Figure 144: Chilean Exports as a Percentage of GDP (%), 2008–2012
Figure 145: Chilean Imports as a Percentage of GDP (%), 2008–2012
Figure 146: Chilean Merchandise Exports Growth (%), 2008–2012
Figure 147: Chilean Merchandise Imports Growth (%), 2008–2012
Figure 148: Chilean Annual Average Exchange Rate US$–CLP, 2008–2012
Figure 149: Chilean Commercial Vehicles Exports – Total Value (US$ Million), 2007–2011
Figure 150: Chilean Commercial Vehicles Imports – Total Value (US$ Billion), 2007–2011
Figure 151: Chilean Automotive Exports – Total Value (US$ Billion), 2007–2011
Figure 152: Chilean Automotive Imports – Total Value (US$ Billion), 2007–2011
Figure 153: Chilean Total Internet Subscriptions (Millions), 2007–2011
Figure 154: Chilean Size of Labor Force (Million), 2008–2012
Figure 155: Chilean Unemployment Rate (%), 2008–2012
Figure 156: Chilean Gross National Disposable Income (US$ Billion), 2008–2012
Figure 157: Chilean Household Consumption Expenditure (US$ Billion), 2008–2012
Figure 158: Chilean Total Population (Million), 2008–2012
Figure 159: Chilean Urban and Rural Populations (%), 2008–2012
Figure 160: Chilean Population Distribution by Age (%), 2008–2012