2014-02-10 02:47:02 - Mexico Insurance Report Q2 2014 - a new market research report on companiesandmarkets.com
In terms of important metrics such as overall penetration (premiums as a percentage of GDP), non-life penetration and life density (premiums per capita), Mexico´s insurance sector has long been underdeveloped.
This is because the companies within it are, to a significant extent, in competition with majors in the United States. Not coincidentally, MetLife´s subsidiary in Mexico is unusual (for that group´s businesses outside the United States) in that it is, by quite a margin, the largest player in the life segment. Mexico is also a rare foreign country in which New York Life has a (substantial) subsidiary.
The new insurance report format provides forecasts of the life and non-life markets, including gross and net premiums, reinsurance premiums and assets. Moreover, it provides
forecasts for key growth drivers such as vehicle fleet size, demographic factors and private health expenditure. The report also contains a comprehensive breakdown of the non-life insurance market, providing forecasts for motor and transport insurance, property, personal accident, health, general liability and credit insurance. Finally, the new report offers a detailed breakdown of the life and non-life competitive landscapes, covering the top companies present in each segment by premiums and market share.
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