2012-11-22 16:49:12 -
Recently published research from Timetric, "The Insurance Industry in Uruguay, Key Trends and Opportunities to 2016", is now available at Fast Market Research
The written premium value of the Uruguayan insurance industry increased at a compound annual growth rate (CAGR) of 18.4% during the review period. This was mainly driven by stable economic growth during the review period. Unlike many other Latin American countries, Uruguay did not experience a recession between 2007 and 2009, with its economic indicators remaining more stable. There is a high demand for crop insurance products such as hail insurance and additional perils such as wind, freeze and excess moisture. In recent years, new insurance products such as multi-peril crop insurance (MPCI) have become popular. Forestry insurance is also very popular in Uruguay. The growth in tourism and increased investment in building infrastructure will drive the demand for property
insurance over the forecast period.
Full Report Details at
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Key Highlights
* The written premium value of the Uruguayan insurance industry increased at a compound annual growth rate (CAGR) of 18.4% during the review period.
* This was mainly driven by stable economic growth during the review period. Unlike many other Latin American countries, Uruguay did not experience a recession between 2007 and 2009, with its economic indicators remaining more stable.
* There is a high demand for crop insurance products such as hail insurance and additional perils such as wind, freeze and excess moisture. In recent years, new insurance products such as multi-peril crop insurance (MPCI) have become popular.
* Forestry insurance is also very popular in Uruguay.
* The growth in tourism and increased investment in building infrastructure will drive the demand for property insurance over the forecast period.
Scope
This report provides a comprehensive analysis of the insurance market in Uruguay:
* It provides historical values for the Uruguayan insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period
* It offers a detailed analysis of the key segments and sub-segments in the Uruguayan insurance market, along with market forecasts until 2016
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
* It profiles the top insurance companies in Uruguay and outlines the key regulations affecting them
Reasons to Purchase
* Make strategic business decisions using in depth historic and forecast market data related in the Uruguayan insurance industry and each segment within it
* Understand the demand-side dynamics, key market trends and growth opportunities within the Uruguayan insurance market
* Assess the competitive dynamics in the the Uruguayan insurance market
* Identify the growth opportunities and market dynamics within key segments
* Gain insights into key regulations governing the Uruguayan insurance market and its impact on companies and the industry's future
Companies Mentioned in this Report: Banco de Seguros del Estado, Uruguay RSA, Porto Seguro, MAPFRE Uruguay S.A, Metlife Seguros de Vida, Sancor Seguros Uruguay S.A., AIG Uruguay, Compania Cooperativa de Seguros Surco, HDI Seguros S.A.
Partial Table of Contents:
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Uruguay Insurance Industry Overview
3.1 Market Definition
3.2 Uruguayan Insurance Industry - Market Size, 2007-2016
3.3 Key Industry Trends and Drivers
3.4 Challenges
3.5 Regulation
4 Market Segmentation
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 Pension insurance category
4.2 Non-Life Insurance Growth Prospects by Category
4.2.1 Property insurance category
4.2.2 Motor insurance category
4.2.3 Liability insurance category
4.2.4 Marine, aviation and transit insurance category
4.3 Personal Accident and Health Insurance Growth Prospects by Category
5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Banco de Seguros del Estado - company overview
5.2.2 Uruguay RSA - company overview
5.2.3 Porto Seguro - company overview
5.2.4 MAPFRE Uruguay S.A. - company overview
5.2.5 Metlife Seguros de Vida - company overview
5.2.6 Sancor Seguros Uruguay S.A. - company overview
5.2.7 AIG Uruguay - company overview
5.2.8 Compania Cooperativa de Seguros Surco - company overview
5.2.9 HDI Seguros S.A. - company overview
6 Macroeconomic Indicators
6.1 GDP at Constant Prices (US Dollar)
6.2 GDP per Capita at Constant Prices (US Dollar)
6.3 GDP at Current Prices (US Dollar)
6.4 Construction Output at Current Prices (US$ Billion)
6.5 Construction Net Output at Current Prices as a Percentage of GDP
6.6 Inflation Rate
6.7 Arable Land
6.8 Exports as a Percentage of GDP
6.9 Imports as a Percentage of GDP
6.1 Number of Air Passengers
6.11 Healthcare Expenditure per Capita
6.12 Employed Population
6.13 Annual Disposable Income
6.14 Annual Disposable Income per Capita
6.15 Total Population
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Uruguayan Insurance Overall Written Premium by Segment (UYU Billion), 2007-2011
Table 3: Uruguayan Insurance Overall Written Premium by Segment (UYU Billion), 2007-2011
Table 4: Uruguayan Insurance Overall Written Premium by Segment (UYU Billion), 2011-2016
Full Table of Contents is available at:
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About Timetric
Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at
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