Insurance in Mexico
Published: November 2012 · Publisher: MarketLine
Insurance in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016).
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Introduction
Insurance in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Mexico insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Highlights
*The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.
*The Mexican insurance market had total gross written premiums of $22.2 billion in 2011, representing a compound annual growth rate (CAGR) of 9.5% between 2007 and 2011.
*The non-life insurance segment was the market's most lucrative in 211, with total gross written premiums of $12.2 billion, equivalent to 54.6% of the market's overall value.
*The performance of the market is forecast to decelerate, with an anticipated CAGR of 6.2% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $30 billion by the end of 2016.
Features
Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Mexico
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Mexico
Leading company profiles reveal details of key insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Mexico insurance market with five year forecasts
Macroeconomic indicators provide insight into general trends within the Mexico economy
Key Questions Answered
What was the size of the Mexico insurance market by value in 2011?
What will be the size of the Mexico insurance market in 2016?
What factors are affecting the strength of competition in the Mexico insurance market?
How has the market performed over the last five years?
Insurance in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Mexico insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Highlights
*The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.
*The Mexican insurance market had total gross written premiums of $22.2 billion in 2011, representing a compound annual growth rate (CAGR) of 9.5% between 2007 and 2011.
*The non-life insurance segment was the market's most lucrative in 211, with total gross written premiums of $12.2 billion, equivalent to 54.6% of the market's overall value.
*The performance of the market is forecast to decelerate, with an anticipated CAGR of 6.2% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $30 billion by the end of 2016.
Features
Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Mexico
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Mexico
Leading company profiles reveal details of key insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Mexico insurance market with five year forecasts
Macroeconomic indicators provide insight into general trends within the Mexico economy
Key Questions Answered
What was the size of the Mexico insurance market by value in 2011?
What will be the size of the Mexico insurance market in 2016?
What factors are affecting the strength of competition in the Mexico insurance market?
How has the market performed over the last five years?
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TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 14
New entrants 15
Threat of substitutes 16
Degree of rivalry 17
Leading Companies 18
BBVA 18
Grupo Nacional Provincial SAB 21
MetLife, Inc. 24
Qualitas Compania de Seguros SAB de CV 27
Macroeconomic Indicators 30
Country Data 30
Appendix 32
Methodology 32
Industry associations 33
Related research 33
LIST OF TABLES
Table 1: Mexico insurance market value: $ billion, 2007–11 8
Table 2: Mexico insurance market category segmentation: $ billion, 2011 9
Table 3: Mexico insurance market geography segmentation: $ billion, 2011 10
Table 4: Mexico insurance market value forecast: $ billion, 2011–16 11
Table 5: BBVA: key facts 18
Table 6: BBVA: key financials ($) 19
Table 7: BBVA: key financials (€) 19
Table 8: BBVA: key financial ratios 19
Table 9: Grupo Nacional Provincial SAB: key facts 21
Table 10: Grupo Nacional Provincial SAB: key financials ($) 21
Table 11: Grupo Nacional Provincial SAB: key financials (MXN) 22
Table 12: Grupo Nacional Provincial SAB: key financial ratios 22
Table 13: MetLife, Inc.: key facts 24
Table 14: MetLife, Inc.: key financials ($) 25
Table 15: MetLife, Inc.: key financial ratios 25
Table 16: Qualitas Compania de Seguros SAB de CV: key facts 27
Table 17: Qualitas Compania de Seguros SAB de CV: key financials ($) 28
Table 18: Qualitas Compania de Seguros SAB de CV: key financials (MXN) 28
Table 19: Qualitas Compania de Seguros SAB de CV: key financial ratios 28
Table 20: Mexico size of population (million), 2007–11 30
Table 21: Mexico gdp (constant 2000 prices, $ billion), 2007–11 30
Table 22: Mexico gdp (current prices, $ billion), 2007–11 30
Table 23: Mexico inflation, 2007–11 31
Table 24: Mexico consumer price index (absolute), 2007–11 31
Table 25: Mexico exchange rate, 2007–11 31
LIST OF FIGURES
Figure 1: Mexico insurance market value: $ billion, 2007–11 8
Figure 2: Mexico insurance market category segmentation: % share, by value, 2011 9
Figure 3: Mexico insurance market geography segmentation: % share, by value, 2011 10
Figure 4: Mexico insurance market value forecast: $ billion, 2011–16 11
Figure 5: Forces driving competition in the insurance market in Mexico, 2011 12
Figure 6: Drivers of buyer power in the insurance market in Mexico, 2011 13
Figure 7: Drivers of supplier power in the insurance market in Mexico, 2011 14
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Mexico, 2011 15
Figure 9: Factors influencing the threat of substitutes in the insurance market in Mexico, 2011 16
Figure 10: Drivers of degree of rivalry in the insurance market in Mexico, 2011 17
Figure 11: BBVA: revenues & profitability 20
Figure 12: BBVA: assets & liabilities 20
Figure 13: Grupo Nacional Provincial SAB: revenues & profitability 22
Figure 14: Grupo Nacional Provincial SAB: assets & liabilities 23
Figure 15: MetLife, Inc.: revenues & profitability 25
Figure 16: MetLife, Inc.: assets & liabilities 26
Figure 17: Qualitas Compania de Seguros SAB de CV: revenues & profitability 29
Figure 18: Qualitas Compania de Seguros SAB de CV: assets & liabilities 29
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 14
New entrants 15
Threat of substitutes 16
Degree of rivalry 17
Leading Companies 18
BBVA 18
Grupo Nacional Provincial SAB 21
MetLife, Inc. 24
Qualitas Compania de Seguros SAB de CV 27
Macroeconomic Indicators 30
Country Data 30
Appendix 32
Methodology 32
Industry associations 33
Related research 33
LIST OF TABLES
Table 1: Mexico insurance market value: $ billion, 2007–11 8
Table 2: Mexico insurance market category segmentation: $ billion, 2011 9
Table 3: Mexico insurance market geography segmentation: $ billion, 2011 10
Table 4: Mexico insurance market value forecast: $ billion, 2011–16 11
Table 5: BBVA: key facts 18
Table 6: BBVA: key financials ($) 19
Table 7: BBVA: key financials (€) 19
Table 8: BBVA: key financial ratios 19
Table 9: Grupo Nacional Provincial SAB: key facts 21
Table 10: Grupo Nacional Provincial SAB: key financials ($) 21
Table 11: Grupo Nacional Provincial SAB: key financials (MXN) 22
Table 12: Grupo Nacional Provincial SAB: key financial ratios 22
Table 13: MetLife, Inc.: key facts 24
Table 14: MetLife, Inc.: key financials ($) 25
Table 15: MetLife, Inc.: key financial ratios 25
Table 16: Qualitas Compania de Seguros SAB de CV: key facts 27
Table 17: Qualitas Compania de Seguros SAB de CV: key financials ($) 28
Table 18: Qualitas Compania de Seguros SAB de CV: key financials (MXN) 28
Table 19: Qualitas Compania de Seguros SAB de CV: key financial ratios 28
Table 20: Mexico size of population (million), 2007–11 30
Table 21: Mexico gdp (constant 2000 prices, $ billion), 2007–11 30
Table 22: Mexico gdp (current prices, $ billion), 2007–11 30
Table 23: Mexico inflation, 2007–11 31
Table 24: Mexico consumer price index (absolute), 2007–11 31
Table 25: Mexico exchange rate, 2007–11 31
LIST OF FIGURES
Figure 1: Mexico insurance market value: $ billion, 2007–11 8
Figure 2: Mexico insurance market category segmentation: % share, by value, 2011 9
Figure 3: Mexico insurance market geography segmentation: % share, by value, 2011 10
Figure 4: Mexico insurance market value forecast: $ billion, 2011–16 11
Figure 5: Forces driving competition in the insurance market in Mexico, 2011 12
Figure 6: Drivers of buyer power in the insurance market in Mexico, 2011 13
Figure 7: Drivers of supplier power in the insurance market in Mexico, 2011 14
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Mexico, 2011 15
Figure 9: Factors influencing the threat of substitutes in the insurance market in Mexico, 2011 16
Figure 10: Drivers of degree of rivalry in the insurance market in Mexico, 2011 17
Figure 11: BBVA: revenues & profitability 20
Figure 12: BBVA: assets & liabilities 20
Figure 13: Grupo Nacional Provincial SAB: revenues & profitability 22
Figure 14: Grupo Nacional Provincial SAB: assets & liabilities 23
Figure 15: MetLife, Inc.: revenues & profitability 25
Figure 16: MetLife, Inc.: assets & liabilities 26
Figure 17: Qualitas Compania de Seguros SAB de CV: revenues & profitability 29
Figure 18: Qualitas Compania de Seguros SAB de CV: assets & liabilities 29
Copyright © FriedlNet. You may share using our tools Please don't cut content from FriedlNet and redistribute by email or post to the web.