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Mexico health insurance market: $3.4 billion industry in 2012

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Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-18 12:41:01
The government funded health insurance program: ´Seguro Popular´ hit a milestone in April 2012 when it was revealed that it had extended health coverage to 52.6 million people in just nine years. The personal accident and health segment accounted for the third-largest share of the Mexican industry´s written premiums in 2012.

The segment grew from MXN33.0 billion (US$3.0 billion) in 2008 to MXN45.0 billion (US$3.4 billion) in 2012, at a review-period CAGR of 8.1%. Mexican private health insurers provide healthcare services to around 18.5% of the population and mainly target the middle-classes not covered under social security programs. Agencies´ share of the total commission was highest at 39.5% in 2012.

Until the introduction of health reforms in 2003, people with regular employment gained access to social health insurance schemes. Private health insurance schemes were only available to those who could afford them

The Mexican personal accident and health insurance segment is consolidated, and the top-five insurance companies accounted for 68.5% of the market share in 2012. Mexican private health insurers provide healthcare services to around 18.5% of the population and mainly target the middle-classes not covered under social security programs.

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