Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2019

Published: Dec, 2015 | Pages: 148 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Mexican personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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 'Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Mexican personal accident and health insurance segment, including:

 The Mexican personal accident and health insurance segment's growth prospects by insurance category

 Key trends, drivers and challenges for the personal accident and health insurance segment 

 A comprehensive overview of the Mexican economy and demographics

 Details of the competitive landscape in the personal accident and health insurance segment in Mexico

 Details of regulatory policy applicable to the Mexican insurance industry

Scope
Timetric's 'Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Mexican personal accident and health insurance segment, including:

 The Mexican personal accident and health insurance segment's growth prospects by insurance category

 Key trends, drivers and challenges for the personal accident and health insurance segment 

 A comprehensive overview of the Mexican economy and demographics

 Details of the competitive landscape in the personal accident and health insurance segment in Mexico

 Details of regulatory policy applicable to the Mexican insurance industry

Reasons To Buy
Timetric's 'Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Mexican personal accident and health insurance segment, including:

 The Mexican personal accident and health insurance segment's growth prospects by insurance category

 Key trends, drivers and challenges for the personal accident and health insurance segment 

 A comprehensive overview of the Mexican economy and demographics

 Details of the competitive landscape in the personal accident and health insurance segment in Mexico

 Details of regulatory policy applicable to the Mexican insurance industry

Key Highlights
Timetric's 'Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Mexican personal accident and health insurance segment, including:

 The Mexican personal accident and health insurance segment's growth prospects by insurance category

 Key trends, drivers and challenges for the personal accident and health insurance segment 

 A comprehensive overview of the Mexican economy and demographics

 Details of the competitive landscape in the personal accident and health 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 Personal Accident and Health Insurance Segment Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Personal Accident and Health Insurance Growth Prospects by Category
5.4.1 Personal accident insurance
5.4.2 Travel insurance
5.4.3 Health insurance
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 Personal Accident and Health Insurance Segment
7.2.1 Grupo Nacional Provincial, SAB - company overview
7.2.2 Axa Seguros, SA de CV - company overview
7.2.3 Metlife Mexico, SA - company overview
7.2.4 Seguros Monterrey New York Life, SA de CV - company overview
7.2.5 Seguros Inbursa, SA, Grupo Financiero Inbursa - company overview
7.2.6 Seguros Banorte Generali, SA de CV, Grupo Financiero Banorte - company overview
7.2.7 Mapfre Tepeyac, SA - company overview
7.2.8 Seguros Atlas, SA - company overview
7.2.9 Allianz Mexico, SA, Compania de Seguros - company overview
7.2.10 Seguros Banamex, SA de CV, Grupo Financiero Banamex - 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 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Mexican Personal Accident and Health Insurance - Key Facts, 2014 
Table 2: Insurance Industry Definitions 
Table 3: Mexican Government Credit Ratings 
Table 4: Mexican Personal Accident and Health Insurance - Gross Written Premium by Category (MXN Billion), 2010-2014 
Table 5: Mexican Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014 
Table 6: Mexican Personal Accident and Health Insurance - Gross Written Premium by Category (MXN Billion), 2014-2019 
Table 7: Mexican Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019 
Table 8: Mexican Personal Accident and Health Insurance - Direct Written Premium by Category (MXN Billion), 2010-2014 
Table 9: Mexican Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014 
Table 10: Mexican Personal Accident and Health Insurance - Direct Written Premium by Category (MXN Billion), 2014-2019 
Table 11: Mexican Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019 
Table 12: Mexican Personal Accident and Health Insurance - Net Earned Premium (MXN Billion), 2010-2014 
Table 13: Mexican Personal Accident and Health Insurance - Net Earned Premium (MXN Billion), 2014-2019 
Table 14: Mexican Personal Accident and Health Insurance - Paid Claims by Category (MXN Billion), 2010-2014 
Table 15: Mexican Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2010-2014 
Table 16: Mexican Personal Accident and Health Insurance - Paid Claims by Category (MXN Billion), 2014-2019 
Table 17: Mexican Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2014-2019 
Table 18: Mexican Personal Accident and Health Insurance - Incurred Loss by Category (MXN Billion), 2010-2014 
Table 19: Mexican Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2010-2014 
Table 20: Mexican Personal Accident and Health Insurance - Incurred Loss by Category (MXN Billion), 2014-2019 
Table 21: Mexican Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2014-2019 
Table 22: Mexican Personal Accident and Health Insurance - Net Written Premium by Category (MXN Billion), 2010-2014 
Table 23: Mexican Personal Accident and Health Insurance - Net Written Premium by Category (US$ Million), 2010-2014 
Table 24: Mexican Personal Accident and Health Insurance - Net Written Premium by Category (MXN Billion), 2014-2019 
Table 25: Mexican Personal Accident and Health Insurance - Net Written Premium by Category (US$ Million), 2014-2019 
Table 26: Mexican Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014 
Table 27: Mexican Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019 
Table 28: Mexican Personal Accident and Health Insurance - Commission and Expenses (MXN Billion), 2010-2014 
Table 29: Mexican Personal Accident and Health Insurance - Commission and Expenses (MXN Billion), 2014-2019 
Table 30: Mexican Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014 
Table 31: Mexican Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019 
Table 32: Mexican Personal Accident and Health Insurance - Number of Policies per Capita (Million), 2010-2014 
Table 33: Mexican Personal Accident and Health Insurance - Number of Policies per Capita (Million), 2014-2019 
Table 34: Mexican Personal Accident and Health Insurance - Total Assets (MXN Billion), 2010-2014 
Table 35: Mexican Personal Accident and Health Insurance - Total Assets (MXN Billion), 2014-2019 
Table 36: Mexican Personal Accident and Health Insurance - Total Investment Income (MXN Billion), 2010-2014 
Table 37: Mexican Personal Accident and Health Insurance - Total Investment Income (MXN Billion), 2014-2019 
Table 38: Mexican Personal Accident and Health Insurance - Net Written Premium (Percentage of Gross Written Premium), 2010-2014 
Table 39: Mexican Personal Accident and Health Insurance - Net Written Premium (Percentage of Gross Written Premium), 2014-2019 
Table 40: Mexican Personal Accident Insurance - Number of Policies Sold (Million), 2010-2014 
Table 41: Mexican Personal Accident Insurance - Number of Policies Sold (Million), 2014-2019 
Table 42: Mexican Personal Accident Insurance - Direct Written Premium (MXN Billion), 2010-2014 
Table 43: Mexican Personal Accident Insurance - Direct Written Premium (MXN Billion), 2014-2019 
Table 44: Mexican Personal Accident Insurance - Loss Ratio (%), 2010-2014 
Table 45: Mexican Personal Accident Insurance - Loss Ratio (%), 2014-2019 
Table 46: Mexican Travel Insurance - Number of Policies Sold (Thousand), 2010-2014 
Table 47: Mexican Travel Insurance - Number of Policies Sold (Thousand), 2014-2019 
Table 48: Mexican Travel Insurance - Direct Written Premium (MXN Million), 2010-2014 
Table 49: Mexican Travel Insurance - Direct Written Premium (MXN Million), 2014-2019 
Table 50: Mexican Travel Insurance - Loss Ratio (%), 2010-2014 
Table 51: Mexican Travel Insurance - Loss Ratio (%), 2014-2019 
Table 52: Mexican Health Insurance - Gross Written Premium by Sub-Category (MXN Billion), 2010-2014 
Table 53: Mexican Health Insurance - Gross Written Premium by Sub-Category (US$ Billion), 2010-2014 
Table 54: Mexican Health Insurance - Gross Written Premium by Sub-Category (MXN Billion), 2014-2019 
Table 55: Mexican Health Insurance - Gross Written Premium by Sub-Category (US$ Billion), 2014-2019 
Table 56: Mexican Personal Accident and Health Insurance - Direct Marketing Value of Commission (MXN Billion), 2010-2014 
Table 57: Mexican Personal Accident and Health Insurance - Direct Marketing Value of Commission (MXN Billion), 2014-2019 
Table 58: Mexican Personal Accident and Health Insurance - Direct Marketing Direct Written Premium (MXN Billion), 2010-2014 
Table 59: Mexican Personal Accident and Health Insurance - Direct Marketing Direct Written Premium (MXN Billion), 2014-2019 
Table 60: Mexican Personal Accident and Health Insurance - Number of Policies Sold Through Direct Marketing (Million), 2010-2014 
Table 61: Mexican Personal Accident and Health Insurance - Number of Policies Sold Through Direct Marketing (Million), 2014-2019 
Table 62: Mexican Personal Accident and Health Insurance - Bancassurance Value of Commission (MXN Billion), 2010-2014 
Table 63: Mexican Personal Accident and Health Insurance - Bancassurance Value of Commission (MXN Billion), 2014-2019 
Table 64: Mexican Personal Accident and Health Insurance - Bancassurance Direct Written Premium (MXN Billion), 2010-2014 
Table 65: Mexican Personal Accident and Health Insurance - Bancassurance Direct Written Premium (MXN Billion), 2014-2019 
Table 66: Mexican Personal Accident and Health Insurance - Number of Policies Sold Through Bancassurance (Million), 2010-2014 
Table 67: Mexican Personal Accident and Health Insurance - Number of Policies Sold Through Bancassurance (Million), 2014-2019 
Table 68: Mexican Personal Accident and Health Insurance - Number of Banking Entities, 2010-2014 
Table 69: Mexican Personal Accident and Health Insurance - Number of Banking Entities, 2014-2019 
Table 70: Mexican Personal Accident and Health Insurance - Agencies' Value of Commission (MXN Billion), 2010-2014 
Table 71: Mexican Personal Accident and Health Insurance - Agencies' Value of Commission (MXN Billion), 2014-2019 
Table 72: Mexican Personal Accident and Health Insurance - Agencies' Direct Written Premium (MXN Billion), 2010-2014 
Table 73: Mexican Personal Accident and Health Insurance - Agencies' Direct Written Premium (MXN Billion), 2014-2019 
Table 74: Mexican Personal Accident and Health Insurance - Number of Policies Sold Through Agencies (Million), 2010-2014 
Table 75: Mexican Personal Accident and Health Insurance - Number of Policies Sold Through Agencies (Million), 2014-2019 
Table 76: Mexican Personal Accident and Health Insurance - Number of Insurance Agents, 2010-2014 
Table 77: Mexican Personal Accident and Health Insurance - Number of Insurance Agents, 2014-2019 
Table 78: Mexican Personal Accident and Health Insurance - Brokers' Value of Commission (MXN Billion), 2010-2014 
Table 79: Mexican Personal Accident and Health Insurance - Brokers' Value of Commission (MXN Billion), 2014-2019 
Table 80: Mexican Personal Accident and Health Insurance - Brokers' Direct Written Premium (MXN Billion), 2010-2014 
Table 81: Mexican Personal Accident and Health Insurance - Brokers' Direct Written Premium (MXN Billion), 2014-2019 
Table 82: Mexican Personal Accident and Health Insurance - Number of Policies Sold Through Brokers (Million), 2010-2014 
Table 83: Mexican Personal Accident and Health Insurance - Number of Policies Sold Through Brokers (Million), 2014-2019 
Table 84: Mexican Personal Accident and Health Insurance - Other Channels' Value of Commission (MXN Million), 2010-2014 
Table 85: Mexican Personal Accident and Health Insurance - Other Channels' Value of Commission (MXN Billion), 2014-2019 
Table 86: Mexican Personal Accident and Health Insurance - Other Channels' Direct Written Premium (MXN Billion), 2010-2014 
Table 87: Mexican Personal Accident and Health Insurance - Other Channels' Direct Written Premium (MXN Billion), 2014-2019 
Table 88: Mexican Personal Accident and Health Insurance - Number of Policies Sold Through Other Channels (Thousand), 2010-2014 
Table 89: Mexican Personal Accident and Health Insurance - Number of Policies Sold Through Other Channels (Million), 2014-2019 
Table 90: Mexican Personal Accident and Health Insurance - Segment Shares (%), 2014 
Table 91: Grupo Nacional Provincial, SAB - Key Facts 
Table 92: Grupo Nacional Provincial, SAB - Key Financials (MXN Million), 2010-2014 
Table 93: Axa Seguros SA de CV - Key Facts 
Table 94: Axa Seguros SA de CV - Key Financials (MXN Million), 2010-2014 
Table 95: MetLife Mexico, SA - Key Facts 
Table 96: MetLife Mexico - Key Financials (MXN Million), 2010-2014 
Table 97: Seguros Monterrey New York Life, SA de CV - Key Facts 
Table 98: Seguros Monterrey New York Life, SA de CV - Key Financials (MXN Million), 2010-2014 
Table 99: Seguros Inbursa, SA, Grupo Financiero Inbursa - Key Facts 
Table 100: Seguros Banorte Generali SA de CV - Key Facts 
Table 101: Seguros Banorte Generali SA de CV - Key Financials (MXN Million), 2010-2014 
Table 102: Mapfre Tepeyac, SA - Key Facts 
Table 103: Mapfre Tepeyac, SA - Key Financials (MXN Million), 2010-2014 
Table 104: Seguros Atlas, SA - Key Facts 
Table 105: Seguros Atlas, SA - Key Financials (MXN Million), 2010-2014 
Table 106: Allianz Mexico, SA, Compania de Seguros - Key Facts 
Table 107: Allianz Mexico, SA, Compania de Seguros - Key Financials (MXN Million), 2010-2014 
Table 108: Seguros Banamex, SA de CV - Key Facts 
Table 109: Seguros Banamex, SA de CV - Key Financials (MXN Million), 2010-2014 
Table 110: Mexico - Insurance Regulatory Framework Key Features 
Table 111: Mexico - Life Insurance Regulatory Framework 
Table 112: Mexico - Property Insurance Regulatory Framework 
Table 113: Mexico - Motor Insurance Regulatory Framework 
Table 114: Mexico - Liability Insurance Regulatory Framework 
Table 115: Mexico - Corporate Tax Rates for the Financial Year 2015