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Mexico reinsurance market: 9.5% CAGR growth witnessed between 2008-2012
Reinsurance in Mexico, Key Trends and Opportunities to 2017 - a new market research report on 2014-04-18 12:43:02
Mexico is the largest property and casualty reinsurance market in the Latin American region and over two-thirds of total non-motor and non-life business is ceded to overseas reinsurance providers.
Aside from the growing conventional insurance industry, the key drivers for the reinsurance segment are the country´s exposure to natural disasters, favorable regulations in terms of risk retention, the presence of large government and corporate risks, an increasing number of overseas participants and a lack of limits imposed on inter-group cession.
The Mexican reinsurance segment registered a CAGR of 9.5% during the review period (2008−2012). Mexico has the largest property and casualty reinsurance category in the Latin American region.
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