Non-Life Insurance in Mexico, Trends and Opportunities to 2016: Introduction of Solvency II Norms Will Lead to Market Consolidation

Date: February 29, 2012
Pages: 236
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US$ 1,950.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: NC16B92B697EN
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Non-Life Insurance in Mexico, Trends and Opportunities to 2016: Introduction of Solvency II Norms Will Lead to Market Consolidation
Synopsis

The report provides top-level market analysis, information and insights into the Mexican non-life insurance market, including:
  • The Mexican non-life insurance market’s growth prospects by non-life insurance categories
  • The various distribution channels in the Mexican non-life insurance market
  • The competitive landscape in the non-life insurance market in Mexico
  • A description of the non-life reinsurance market in Mexico

Executive Summary

Mexico’s steady economic growth and growing awareness about the benefits of insurance products were the main growth drivers for the non-life insurance segment. Furthermore, the customer base for motor and property insurance increases alongside the country’s expanding automobile, real estate and construction industries. These factors will continue to drive segment growth over the forecast period.

Scope

This report provides a comprehensive analysis of the non-life insurance market in Mexico:
  • It provides historical values for Mexico’s non-life 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 sub-segments in Mexico’s non-life 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, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for non-life insurance products in Mexico
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Mexico for the non-life insurance business
  • It provides a detailed analysis of the reinsurance market in Mexico and its growth prospects
  • It profiles the top non-life insurance companies in Mexico and outlines the key regulations affecting them

Reasons To Buy
  • Make strategic business decisions using top-level historic and forecast market data related to the Mexican non-life insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Mexican non-life insurance market
  • Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Mexican insurance market and its impact on companies and the market's future

Key Highlights
  • Mexico’s steady economic growth and growing awareness about the benefits of insurance products were the main growth drivers for the non-life insurance segment
  • More than 90% of the households in Mexico have no earthquake insurance
  • Sales of property insurance products will also increase since more Mexicans are expected to purchase insurance in order to provide protection against frequent earthquakes, hurricanes and droughts that affect the country
  • Due to their popularity among insurance companies, agencies accounted for a share of 40.6% of the total non-life insurance written premium sales in 2011
1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 MEXICAN INSURANCE INDUSTRY ATTRACTIVENESS

3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
  3.2.1 Business drivers
  3.2.2 Consumer drivers
3.3 Recent Market Developments

4 NON-LIFE INSURANCE MARKET OUTLOOK

4.1 Non-Life Insurance Growth Prospects by Category
4.2 Property insurance category
  4.2.1 Fire and allied perils insurance sub-category
  4.2.2 Engineering insurance sub-category
  4.2.3 Agriculture insurance sub-category
  4.2.4 Other property sub-category
4.3 Motor insurance category
  4.3.1 Motor hull sub-category
  4.3.2 Motor third party sub-category
4.4 General third party category
4.5 Marine, aviation and transit category
  4.5.1 Marine sub-category
  4.5.2 Aviation sub-category
  4.5.3 Transit sub-category

5 ANALYSIS BY DISTRIBUTION CHANNELS

5.1 Direct Marketing Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 Other Channels

6 REGULATORY POLICIES

7 PORTER’S FIVE FORCES ANALYSIS – MEXICAN NON-LIFE INSURANCE MARKET

7.1 Bargaining power of supplier: medium to high
7.2 Bargaining Power of Buyer: low to medium
7.3 Barrier to Entry: high
7.4 Intensity of Rivalry: medium to high
7.5 Threat of Substitution: low

8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES

8.1 Reinsurance market size
8.2 Reinsurance Market Size by Type of Insurance

9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

9.1 Overview
9.2 Leading Companies in the Mexican Non-Life Insurance Segment
9.3 AXA Seguros – Company Overview
  9.3.1 AXA Seguros – key facts
  9.3.2 AXA Seguros – main products
  9.3.3 AXA Seguros – main competitors
9.4 Grupo Financiero Inbursa SAB de CV – Company Overview
  9.4.1 Grupo Financiero Inbursa SAB de CV – key facts
  9.4.2 Grupo Financiero Inbursa SAB de CV – main products
  9.4.3 Grupo Financiero Inbursa SAB de CV – main competitors
  9.4.4 Grupo Financiero Inbursa SAB de CV – key employees
9.5 Qualitas Compania de Seguros, SAB de CV – Company Overview
  9.5.1 Qualitas Compania de Seguros, SAB de CV – key facts
  9.5.2 Qualitas Compania de Seguros, SAB de CV – main products
  9.5.3 Qualitas Compania de Seguros, SAB de CV – main competitors
  9.5.4 Qualitas Compania de Seguros, SAB de CV – key employees
9.6 Aba Seguros, SA de CV – Company Overview
  9.6.1 Aba Seguros, SA de CV – key facts
  9.6.2 Aba Seguros, SA de CV – main products
  9.6.3 Aba Seguros, SA de CV – main competitors
  9.6.4 Aba Seguros, SA De CV – key employees
9.7 Seguros Banorte Generali, SA de CV – Company Overview
  9.7.1 Seguros Banorte Generali, SA de CV – key facts
  9.7.2 Seguros Banorte Generali, SA de CV – main products
  9.7.3 Seguros Banorte Generali, SA de CV – main competitors
  9.7.4 Seguros Banorte Generali, SA de CV – key employees

10 BUSINESS ENVIRONMENT AND COUNTRY RISK

10.1 Business Confidence
  10.1.1 Business confidence indicator
  10.1.2 Market capitalization trend - Mexican Exchange, Mexico
  10.1.3 FDI inflows by sector
  10.1.4 Deployment of credit
10.2 Economic Performance
  10.2.1 GDP at constant prices (US dollars)
  10.2.2 GDP per capita at constant prices (US dollars)
  10.2.3 GDP at current prices (US dollars)
  10.2.4 GDP per capita at current prices (US dollars)
  10.2.5 GDP by key sectors
  10.2.6 Agriculture net output at current prices (Mexican pesos)
  10.2.7 Agriculture net output at current prices (US dollars)
  10.2.8 Agriculture net output at current prices as a percentage of GDP
  10.2.9 Manufacturing net output at current prices (Mexican peso)
  10.2.10 Manufacturing net output at current prices (US dollars)
  10.2.11 Manufacturing net output at current prices as a percentage of GDP
  10.2.12 Mining, manufacturing and utilities net output at current prices (Mexican pesos)
  10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
  10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
  10.2.15 Construction net output at current prices (Mexican pesos)
  10.2.16 Construction net output at current prices (US dollars)
  10.2.17 Construction net output at current prices as a percentage of GDP
  10.2.18 Crude steel production
  10.2.19 Crude oil consumption
  10.2.20 Inflation rate
  10.2.21 Fiscal balance as a percentage of GDP
  10.2.22 Current account balance as a percentage of GDP
  10.2.23 Exports as a percentage of GDP
  10.2.24 Imports as a percentage of GDP
  10.2.25 Exports growth
  10.2.26 Imports growth
  10.2.27 External debt as a percentage of GDP
  10.2.28 Annual average exchange rate US$–MXN
  10.2.29 End-of-period exchange rate US$–MXN
  10.2.30 Debt service ratio
10.3 Infrastructure Quality and Availability
  10.3.1 Total airports and sea ports
  10.3.2 Railways and roadways
  10.3.3 Passenger vehicle production volume
  10.3.4 Commercial vehicle production volume
  10.3.5 Automotive components exports
  10.3.6 Automotive components imports
  10.3.7 Passenger car penetration
  10.3.8 Total installed capacity for electricity generation
  10.3.9 Installed capacity for the generation of conventional thermal electricity
  10.3.10 Electricity production
  10.3.11 Installed capacity for the generation of hydroelectricity
  10.3.12 Installed capacity for renewable electricity generation
  10.3.13 Electricity consumption
  10.3.14 Electricity exports
  10.3.15 Electricity imports
  10.3.16 Healthcare expenditure
  10.3.17 Healthcare expenditure as a percentage of GDP
  10.3.18 Healthcare expenditure per capita
  10.3.19 Total internet subscribers
  10.3.20 Broadband internet subscribers
  10.3.21 Personal computer penetration rate
  10.3.22 Mobile phone penetration rate
10.4 Labor Force
  10.4.1 Labor force
  10.4.2 Unemployment rate
10.5 Demographics
  10.5.1 Annual disposable income
  10.5.2 Annual per capita disposable income
  10.5.3 Annual consumer expenditure on food
  10.5.4 Annual per capita consumer expenditure on food
  10.5.5 Urban and rural population
  10.5.6 Female percentage of population
  10.5.7 Male percentage of population
  10.5.8 Mean age of population
  10.5.9 Median age of population
  10.5.10 Population density
  10.5.11 Age distribution of the total population
  10.5.12 Age distribution of the male population
  10.5.13 Age distribution of the female population
  10.5.14 Number of households
10.6 Political and Social Risk
  10.6.1 Political stability
  10.6.2 Terrorism Index
  10.6.3 Transparency index

11 APPENDIX

11.1 Methodology
11.2 Contact us
11.3 About Timetric
11.4 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: Mexican Insurance – Overall Written Premium by Segment (MXN Billion), 2007–2011
Table 3: Mexican Insurance – Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Mexican Insurance – Overall Written Premium by Segment (MXN Billion), 2011–2016
Table 5: Mexican Insurance – Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Mexican Insurance – Segmentation (% Share), 2007–2016
Table 7: Non-Life Insurance Written Premium by Category (MXN Billion), 2007–2011
Table 8: Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Non-Life Insurance Written Premium by Category (MXN Billion), 2011–2016
Table 10: Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Non-Life Insurance – Incurred Loss (MXN Billion), 2007–2011
Table 12: Non-Life Insurance – Incurred Loss (MXN Billion), 2011–2016
Table 13: Non-Life Insurance – Loss Ratio (%), 2007–2011
Table 14: Non-Life Insurance – Loss Ratio (%), 2011–2016
Table 15: Non-Life Insurance – Commissions and Expenses (MXN Billion), 2007–2011
Table 16: Non-Life Insurance – Commissions and Expenses (MXN Billion), 2011–2016
Table 17: Non-Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Non-Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Non-Life Insurance – Frauds and Crimes (MXN Billion), 2007–2011
Table 20: Non-Life Insurance – Frauds and Crimes (MXN Billion), 2011–2016
Table 21: Non-Life Insurance – Total Assets (MXN Billion), 2007–2011
Table 22: Non-Life Insurance – Total Assets (MXN Billion), 2011–2016
Table 23: Non-Life Insurance – Total Investment Income (MXN Billion), 2007–2011
Table 24: Non-Life Insurance – Total Investment Income (MXN Billion), 2011–2016
Table 25: Non-Life Insurance – Retentions (MXN Billion), 2007–2011
Table 26: Non-Life Insurance – Retentions (MXN Billion), 2011–2016
Table 27: Property Insurance Written Premium by Sub-Category (MXN Billion), 2007–2011
Table 28: Property Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 29: Property Insurance Written Premium by Sub-Category (MXN Billion), 2011–2016
Table 30: Property Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 31: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2007–2011
Table 32: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2011–2016
Table 33: Fire and Allied Perils Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Table 34: Fire and Allied Perils Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Table 35: Engineering Insurance Sub-Category by Volume (‘000), 2007–2011
Table 36: Engineering Insurance Sub-Category by Volume (‘000), 2011–2016
Table 37: Engineering Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Table 38: Engineering Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Table 39: Agriculture Insurance Sub-Category by Volume (‘000), 2007–2011
Table 40: Agriculture Insurance Sub-Category by Volume (‘000), 2011–2016
Table 41: Agriculture Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Table 42: Agriculture Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Table 43: Other Property Insurance Sub-Category by Volume (‘000), 2007–2011
Table 44: Other Property Insurance Sub-Category by Volume (‘000), 2011–2016
Table 45: Other Property Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Table 46: Other Property Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Table 47: Motor Insurance Written Premium by Sub-Category (MXN Billion), 2007–2011
Table 48: Motor Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 49: Motor Insurance Written Premium by Sub-Category (MXN Billion), 2011–2016
Table 50: Motor Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 51: Motor Hull Insurance Sub-Category by Volume (‘000), 2007–2011
Table 52: Motor Hull Insurance Sub-Category by Volume (‘000), 2011–2016
Table 53: Motor Hull Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Table 54: Motor Hull Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Table 55: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2007–2011
Table 56: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2011–2016
Table 57: Motor Third-Party Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Table 58: Motor Third-Party Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Table 59: General Third-Party Insurance Category by Volume (‘000), 2007–2011
Table 60: General Third-Party Insurance Category by Volume (‘000), 2011–2016
Table 61: General Third-Party Insurance Category by Written Premium (MXN Billion), 2007–2011
Table 62: General Third-Party Insurance Category by Written Premium (MXN Billion), 2011–2016
Table 63: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (MXN Billion), 2007–2011
Table 64: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 65: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (MXN Billion), 2011–2016
Table 66: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 67: Marine Insurance Sub-Category by Volume (‘000), 2007–2011
Table 68: Marine Insurance Sub-Category by Volume (‘000), 2011–2016
Table 69: Marine Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Table 70: Marine Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Table 71: Aviation Insurance Sub-Category by Volume (‘000), 2007–2011
Table 72: Aviation Insurance Sub-Category by Volume (‘000), 2011–2016
Table 73: Aviation Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Table 74: Aviation Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Table 75: Transit Insurance Sub-Category by Volume (‘000), 2007–2011
Table 76: Transit Insurance Sub-Category by Volume (‘000), 2011–2016
Table 77: Transit Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Table 78: Transit Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Table 79: Non-Life Insurance – Direct Marketing Commission Paid (MXN Billion), 2007–2011
Table 80: Non-Life Insurance – Direct Marketing Commission Paid (MXN Billion), 2011–2016
Table 81: Non-Life Insurance – Written Premium Through Direct Marketing (MXN Billion), 2007–2011
Table 82: Non-Life Insurance – Written Premium Through Direct Marketing (MXN Billion), 2011–2016
Table 83: Non-Life Insurance – Policies Sold Through Direct Marketing (’000), 2007–2011
Table 84: Non-Life Insurance – Policies Sold Through Direct Marketing (’000), 2011–2016
Table 85: Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 86: Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 87: Non-Life Insurance – Bancassurance Commission Paid (MXN Billion), 2007–2011
Table 88: Non-Life Insurance – Bancassurance Commission Paid (MXN Billion), 2011–2016
Table 89: Non-Life Insurance – Written Premium Through Bancassurance (MXN Billion), 2007–2011
Table 90: Non-Life Insurance – Written Premium Through Bancassurance (MXN Billion), 2011–2016
Table 91: Non-Life Insurance – Policies Sold Through Bancassurance (‘000), 2007–2011
Table 92: Non-Life Insurance – Policies Sold Through Bancassurance (‘000), 2011–2016
Table 93: Non-Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 94: Non-Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 95: Non-Life Insurance – Agencies Commission Paid (MXN Billion), 2007–2011
Table 96: Non-Life Insurance – Agencies Commission Paid (MXN Billion), 2011–2016
Table 97: Non-Life Insurance – Written Premium Through Agencies (MXN Billion), 2007–2011
Table 98: Non-Life Insurance – Written Premium Through Agencies (MXN Billion), 2011–2016
Table 99: Non-Life Insurance – Policies Sold Through Agencies (‘000), 2007–2011
Table 100: Non-Life Insurance – Policies Sold Through Agencies (‘000), 2011–2016
Table 101: Non-Life Insurance – Number of Agencies, 2007–2011
Table 102: Non-Life Insurance – Number of Agencies, 2011–2016
Table 103: Non-Life Insurance – Commission Paid to Other Channels (MXN Billion), 2007–2011
Table 104: Non-Life Insurance – Commission Paid to Other Channels (MXN Billion), 2011–2016
Table 105: Non-Life Insurance – Written Premium Through Other Channels (MXN Billion), 2007–2011
Table 106: Non-Life Insurance – Written Premium Through Other Channels (MXN Billion), 2011–2016
Table 107: Non-Life Insurance – Policies Sold Through Other Channels (‘000), 2007–2011
Table 108: Non-Life Insurance – Policies Sold Through Other Channels (‘000), 2011–2016
Table 109: Non-Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 110: Non-Life Insurance – Number of Distributors in Other Channels, 2011–2016
Table 111: Reinsurance Market in Mexico by Category (MXN Billion), 2007–2011
Table 112: Reinsurance Market in Mexico by Category (US$ Billion), 2007–2011
Table 113: Reinsurance Market in Mexico by Category (MXN Billion), 2011–2016
Table 114: Reinsurance Market in Mexico by Category (US$ Billion), 2011–2016
Table 115: Reinsurance Ceded by Type of Insurance (MXN Billion), 2007–2011
Table 116: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011
Table 117: Reinsurance Ceded by Type of Insurance (MXN Billion), 2011–2016
Table 118: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016
Table 119: Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Table 120: Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Table 121: Non-Life Insurance Market Share (%), 2010
Table 122: AXA Seguros, Key Facts
Table 123: AXA Seguros, Main Products
Table 124: Grupo Financiero Inbursa SAB de CV, Key Facts
Table 125: Grupo Financiero Inbursa SAB de CV, Main Products
Table 126: Grupo Financiero Inbursa SAB de CV, Key Employees
Table 127: Qualitas Compania de Seguros, SAB de CV, Key Facts
Table 128: Qualitas Compania de Seguros, SAB de CV, Main Products
Table 129: Qualitas Compania de Seguros, SAB de CV, Key Employees
Table 130: Aba Seguros, SA de CV, Key Facts
Table 131: Aba Seguros, SA de CV, Main Products
Table 132: Aba Seguros, SA De CV, Key Employees
Table 133: Seguros Banorte Generali, SA de CV, Key Facts
Table 134: Seguros Banorte Generali, SA de CV, Main Products
Table 135: Seguros Banorte Generali, SA de CV, Key Employees

LIST OF FIGURES

Figure 1: Mexican Insurance Overall Written Premium by Segment (MXN Billion), 2007–2016
Figure 2: Mexican Insurance – Market Dynamics by Segment, 2007–2016
Figure 3: Non-Life Insurance Written Premium by Category (MXN Billion), 2007–2016
Figure 4: Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Non-Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Non-Life Insurance – Incurred Loss (MXN Billion), 2007–2011
Figure 7: Non-Life Insurance – Incurred Loss (MXN Billion), 2011–2016
Figure 8: Non-Life Insurance – Loss Ratio (%), 2007–2011
Figure 9: Non-Life Insurance – Loss Ratio (%), 2011–2016
Figure 10: Non-Life Insurance – Commissions and Expenses (MXN Billion), 2007–2011
Figure 11: Non-Life Insurance – Commissions and Expenses (MXN Billion), 2011–2016
Figure 12: Non-Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Non-Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Non-Life Insurance – Frauds and Crimes (MXN Billion), 2007–2011
Figure 15: Non-Life Insurance – Frauds and Crimes (MXN Billion), 2011–2016
Figure 16: Non-Life Insurance – Total Assets (MXN Billion), 2007–2011
Figure 17: Non-Life Insurance – Total Assets (MXN Billion), 2011–2016
Figure 18: Non-Life Insurance – Total Investment Income (MXN Billion), 2007–2011
Figure 19: Non-Life Insurance – Total Investment Income (MXN Billion), 2011–2016
Figure 20: Non-Life Insurance – Retentions (MXN Billion), 2007–2011
Figure 21: Non-Life Insurance – Retentions (MXN Billion), 2011–2016
Figure 22: Non-Life Insurance – Investment by Type (MXN Billion), 2007–2011
Figure 23: Non-Life Insurance – Investment by Type (% Share), 2007 and 2011
Figure 24: Non-Life Insurance – Density and Penetration (%), 2007–2011
Figure 25: Non-Life Insurance – Number of Policies Sold (‘000), 2007–2011
Figure 26: Non-Life Insurance – Number of Policies Sold (’000), 2011–2016
Figure 27: Non-Life Insurance – Premium Per Capita (MXN), 2007–2011
Figure 28: Property Insurance Written Premium by Sub-Category (MXN Billion), 2007–2016
Figure 29: Property Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 30: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 31: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 32: Fire and Allied Perils Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Figure 33: Fire and Allied Perils Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Figure 34: Engineering Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 35: Engineering Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 36: Engineering Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Figure 37: Engineering Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Figure 38: Agriculture Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 39: Agriculture Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 40: Agriculture Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Figure 41: Agriculture Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Figure 42: Other Property Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 43: Other Property Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 44: Other Property Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Figure 45: Other Property Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Figure 46: Motor Insurance Written Premium by Sub-Category (MXN Billion), 2007–2016
Figure 47: Motor Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 48: Motor Hull Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 49: Motor Hull Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 50: Motor Hull Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Figure 51: Motor Hull Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Figure 52: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 53: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 54: Motor Third-Party Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Figure 55: Motor Third-Party Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Figure 56: General Third-Party Insurance Category by Volume (‘000), 2007–2011
Figure 57: General Third-Party Insurance Category by Volume (‘000), 2011–2016
Figure 58: General Third-Party Insurance Category by Written Premium (MXN Billion), 2007–2011
Figure 59: General Third-Party Insurance Category by Written Premium (MXN Billion), 2011–2016
Figure 60: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (MXN Billion), 2007–2016
Figure 61: Marine, Aviation and Transit Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 62: Marine Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 63: Marine Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 64: Marine Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Figure 65: Marine Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Figure 66: Aviation Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 67: Aviation Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 68: Aviation Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Figure 69: Aviation Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Figure 70: Transit Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 71: Transit Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 72: Transit Insurance Sub-Category by Written Premium (MXN Billion), 2007–2011
Figure 73: Transit Insurance Sub-Category by Written Premium (MXN Billion), 2011–2016
Figure 74: Non-Life Insurance New Business Written Premium by Distribution Channels (% Share), 2011 and 2016
Figure 75: Non-Life Insurance – Direct Marketing Commission Paid (MXN Billion), 2007–2011
Figure 76: Non-Life Insurance – Direct Marketing Commission Paid (MXN Billion), 2011–2016
Figure 77: Non-Life Insurance – Written Premium Through Direct Marketing (MXN Billion), 2007–2011
Figure 78: Non-Life Insurance – Written Premium Through Direct Marketing (MXN Billion), 2011–2016
Figure 79: Non-Life Insurance – Policies Sold Through Direct Marketing (’000), 2007–2011
Figure 80: Non-Life Insurance – Policies Sold Through Direct Marketing (’000), 2011–2016
Figure 81: Non-Life Insurance – Number of Direct Marketing Distributors 2007–2011
Figure 82: Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 83: Non-Life Insurance – Bancassurance Commission Paid (MXN Billion), 2007–2011
Figure 84: Non-Life Insurance – Bancassurance Commission Paid (MXN Billion), 2011–2016
Figure 85: Non-Life Insurance – Written Premium Through Bancassurance (MXN Billion), 2007–2011
Figure 86: Non-Life Insurance – Written Premium Through Bancassurance (MXN Billion), 2011–2016
Figure 87: Non-Life Insurance – Policies Sold Through Bancassurance (‘000), 2007–2011
Figure 88: Non-Life Insurance – Policies Sold Through Bancassurance (‘000), 2011–2016
Figure 89: Non-Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 90: Non-Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 91: Non-Life Insurance – Agencies Commission Paid (MXN Billion), 2007–2011
Figure 92: Non-Life Insurance – Agencies Commission Paid (MXN Billion), 2011–2016
Figure 93: Non-Life Insurance – Written Premium Through Agencies (MXN Billion), 2007–2011
Figure 94: Non-Life Insurance – Written Premium Through Agencies (MXN Billion), 2011–2016
Figure 95: Non-Life Insurance – Policies Sold Through Agencies (‘000), 2007–2011
Figure 96: Non-Life Insurance – Policies Sold Through Agencies (‘000), 2011–2016
Figure 97: Non-Life Insurance – Number of Agencies, 2007–2011
Figure 98: Non-Life Insurance – Number of Agencies, 2011–2016
Figure 99: Non-Life Insurance – Commission Paid to Other Channels (MXN Billion), 2007–2011
Figure 100: Non-Life Insurance – Commission Paid to Other Channels (MXN Billion), 2011–2016
Figure 101: Non-Life Insurance – Written Premium Through Other Channels (MXN Billion), 2007–2011
Figure 102: Non-Life Insurance – Written Premium Through Other Channels (MXN Billion), 2011–2016
Figure 103: Non-Life Insurance – Policies Sold Through Other Channels (‘000), 2007–2011
Figure 104: Non-Life Insurance – Policies Sold Through Other Channels (‘000), 2011–2016
Figure 105: Non-Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 106: Non-Life Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 107: Mexican Non-Life Insurance Market – Five Forces Analysis
Figure 108: Premium Ceded to Reinsurance by Category (MXN Billion), 2007–2016
Figure 109: Reinsurance Premium Share by Category, 2011 and 2016
Figure 110: Reinsurance Market Dynamics by Category, 2007–2016
Figure 111: Reinsurance Ceded by Type of Insurance (MXN Billion), 2007–2016
Figure 112: Reinsurance Market Dynamics by Type of Insurance, 2007–2016
Figure 113: Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Figure 114: Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Figure 115: Non-Life Insurance Market Share (%), 2010
Figure 116: Mexican Business Confidence Indicator, Q1 2008–Q1 2010
Figure 117: Mexican Exchange Market Capitalization (US$ Billion), 2007–2010
Figure 118: Mexican FDI Inflows by Sector (US$ Billion), 2003–2009
Figure 119: Mexican Deployment of Credit (US$ Billion), 2003–2009
Figure 120: Mexican GDP at Constant Prices (US$ Billion), 2007–2016
Figure 121: Mexican GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 122: Mexican GDP at Current Prices (US$ Billion), 2007–2016
Figure 123: Mexican GDP per Capita at Current Prices (US$), 2007–2016
Figure 124: Mexican GDP by Key Sector (%) 2003 and 2009
Figure 125: Mexican Agricultural Net Output at Current Prices (MXN Billion), 2007–2016
Figure 126: Mexican Agricultural Net Output at Current Prices (US$ Billion), 2007–2016
Figure 127: Mexican Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 128: Mexican Manufacturing Net Output at Current Prices (MXN Billion), 2007–2016
Figure 129: Mexican Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 130: Mexican Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 131: Mexican Mining, Manufacturing and Utilities Net Output at Current Prices (MXN Billion), 2007–16
Figure 132: Mexican Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 133: Mexican Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007–2016
Figure 134: Mexican Construction Net Output at Current Prices (MXN Billion), 2007–2016
Figure 135: Mexican Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 136: Mexican Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 137: Mexican Crude Steel Production (‘000 Tons), 2007–2016
Figure 138: Mexican Crude Oil Consumption (Million Tons), 2007–2016
Figure 139: Mexican Inflation Rate (%), 2007–2016
Figure 140: Mexican Fiscal Balance as a Percentage of GDP (%), 2007–2010
Figure 141: Mexican Current Account Balance as a Percentage of GDP (%), 2007–2016
Figure 142: Mexican Exports as a Percentage of GDP (%), 2007–2016
Figure 143: Mexican Imports as a Percentage of GDP (%), 2007–2016
Figure 144: Mexican Exports Growth (%), 2007–2016
Figure 145: Mexican Imports Growth (%), 2007–2016
Figure 146: Mexican External Debt as a Percentage of GDP (%), 2007–2010
Figure 147: Mexican Annual Average Exchange Rate US$–MXN, 2007–2010
Figure 148: Mexican End-of-Period Exchange Rate US$–MXN, 2007–2010
Figure 149: Mexican Debt Service Ratio, 2007–2010
Figure 150: Mexican Airports and Sea Ports, 2010
Figure 151: Mexican Railways and Roadways (Kilometers), 2011
Figure 152: Mexican Passenger Vehicle Production (Units), 2007–2016
Figure 153: Mexican Commercial Vehicle Production (Units), 2007–2016
Figure 154: Mexican Automotive Component Exports (US$ Million), 2007–2016
Figure 155: Mexican Automotive Component Imports (US$ Billion), 2007–2016
Figure 156: Mexican Passenger Car Penetration (per Thousand People), 2007–2016
Figure 157: Mexican Total Installed Capacity for Electricity Generation (Million Kilowatts), 2007–2016
Figure 158: Mexican Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 2007–2016
Figure 159: Mexican Electricity Production (Billion Kilowatt Hours), 2007–2016
Figure 160: Mexican Installed Capacity for the Generation of Hydroelectricity (Million Kilowatts), 2007–2016
Figure 161: Mexican Installed Capacity for the Generation of Renewable Electricity (Million Kilowatts), 2007–2016
Figure 162: Mexican Electricity Consumption (Billion Kilowatt Hours), 2007–2016
Figure 163: Mexican Electricity Exports (Million Kilowatt Hours), 2007–2016
Figure 164: Mexican Electricity Imports (Million Kilowatt Hours), 2007–2016
Figure 165: Mexican Healthcare Expenditure (US$ Billion), 2007–2016
Figure 166: Mexican Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 167: Mexican Healthcare Expenditure per Capita (US$), 2007–2016
Figure 168: Mexican Internet Subscriptions (Thousands), 2007–2016
Figure 169: Mexican Broadband Internet Subscriptions (’000), 2007–2016
Figure 170: Mexican Personal Computer Penetration Rate (per Hundred People), 2007–2016
Figure 171: Mexican Mobile Phone Penetration (%), 2007–2016
Figure 172: Mexican Size of Labor Force Aged 15–59 (Million), 2007–2016
Figure 173: Mexican Unemployment Rate (%), 2007–2016
Figure 174: Mexican Annual Disposable Income (US$ Billion), 2007–2016
Figure 175: Mexican Annual per Capita Disposable Income (US$), 2007–2016
Figure 176: Mexican Consumer Expenditure on Food (US$ Billion), 2007–2016
Figure 177: Mexican Annual per Capita Consumer Expenditure on Food (US$), 2007–2016
Figure 178: Mexican Urban and Rural Populations (%), 2007–2016
Figure 179: Mexican Females as Percentage of the Population (%), 2007–2016
Figure 180: Mexican Males as a Percentage of the Population (%), 2007–2016
Figure 181: Mexican Mean Age of Population (Years), 2007–2016
Figure 182: Mexican Median Age of Population (Years), 2007–2016
Figure 183: Mexican Population Density (per Square Kilometer), 2007–2016
Figure 184: Mexican Population Distribution by Age (%), 2007–2016
Figure 185: Mexican Male Population Distribution by Age (%), 2007–2016
Figure 186: Mexican Female Population Distribution by Age (%), 2007–2016
Figure 187: Mexico – Number of Households (Million), 2007–2016
Figure 188: Global Terrorism Heat Map
Figure 189: Mexican Transparency Index, 2004–2010

COMPANIES MENTIONED

AXA Seguros
Grupo Financiero Inbursa SAB de CV
Qualitas Compania de Seguros, SAB de CV
Aba Seguros, SA de CV
Qualitas Mexico
Mapfre

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Non-Life Insurance in Mexico, Trends and Opportunities to 2016: Introduction of Solvency II Norms Will Lead to Market Consolidation
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