Life Insurance in Mexico, Trends and Opportunities to 2016: Tax Incentives to Continue to Encourage Investment in Life Insurance Retirement Products

Date: February 29, 2012
Pages: 233
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Publisher: Timetric
Report type: Strategic Report
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Life Insurance in Mexico, Trends and Opportunities to 2016: Tax Incentives to Continue to Encourage Investment in Life Insurance Retirement Products
Synopsis

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

Executive Summary

In terms of written premium, Mexico is the second-largest insurance market in Latin America after Brazil. In 2011, the life insurance segment accounted for 45.5% of the overall insurance premium in Mexico. Life insurance is used by 18% of households, but just 7% of rural households, in Mexico. Over the forecast period, the life insurance market is expected to increase at a healthy CAGR, driven by the low penetration levels, tax incentives promoting retirement savings and the introduction of Solvency II regulations.

Scope

This report provides a comprehensive analysis of the life insurance market in Mexico:
  • It provides historical values for Mexico’s 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 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 life insurance products in Mexico
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Mexico for the life insurance business
  • It provides a detailed analysis of the reinsurance market in Mexico and its growth prospects
  • It profiles the top 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 Mexico life insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Mexican life insurance market
  • Assess the competitive dynamics in the 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
  • In 2011, the life insurance segment accounted for 45.5% of the overall insurance premium in Mexico. Life insurance is used by 18% of households, but just 7% of rural households, in Mexico
  • Bancassurance is the most popular channel for distributing pension products and other savings-type life insurance products with post-retirement benefits. Bancassurance accounted for 70.4% of the new business written premium for Mexico in 2011 and is expected to be the dominant distribution channel over the forecast period
  • The Mexican insurance business regulatory body, Comisión Nacional de Seguros y Fianzas (CNSF) is planning to implement Solvency II regulations in 2014, which are expected to contribute to increasing the industry’s market penetration
  • The Mexican insurance industry is open to foreign participation. Around 60% of the life insurance premium market share belongs to foreign companies
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 LIFE INSURANCE MARKET OUTLOOK

4.1 Life Insurance Growth Prospects by Category
  4.1.1 Individual life insurance category
  4.1.2 Individual pension category
  4.1.3 Individual endowment Insurance category
  4.1.4 Individual term life Insurance category
  4.1.5 Individual supplementary category
  4.1.6 Individual others category
  4.1.7 Group life category
4.2 Life Insurance Growth Prospects by Customer Segments
  4.2.1 Individual segment
  4.2.2 Individual single premium category
  4.2.3 Individual non-single premium category
  4.2.4 Group segment
  4.2.5 Group single premium category
  4.2.6 Group non-single premium category

5 ANALYSIS BY DISTRIBUTION CHANNEL

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 LIFE INSURANCE MARKET

7.1 Bargaining Power of Supplier: medium
7.2 Bargaining Power of Buyer: Low
7.3 Barriers to Entry: Low to Medium
7.4 Intensity of Rivalry: High
7.5 Threat of Substitutes: Low

8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES

8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance Market Size by Type of Insurance, 2007–2016

9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

9.1 Overview
9.2 Leading Companies in the Mexican Life Insurance Market
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
  9.3.4 AXA Seguros – key employees
9.4 MetLife Mexico SA – Company Overview
  9.4.1 MetLife Mexico SA – key facts
  9.4.2 MetLife Mexico SA – main products
  9.4.3 MetLife Mexico SA – main competitors
  9.4.4 MetLife Mexico SA – key employees
9.5 Grupo Financiero Inbursa SAB de CV – Company Overview
  9.5.1 Grupo Financiero Inbursa SAB de CV – key facts
  9.5.2 Grupo Financiero Inbursa SAB de CV – main products
  9.5.3 Grupo Financiero Inbursa SAB de CV – main competitors
  9.5.4 Grupo Financiero Inbursa SAB de CV – key employees
9.6 Seguros Banorte Generali, SA de CV – Company Overview
  9.6.1 Seguros Banorte Generali, SA de CV – key facts
  9.6.2 Seguros Banorte Generali, SA de CV – main products
  9.6.3 Seguros Banorte Generali, SA de CV – main competitors
  9.6.4 Seguros Banorte Generali, SA de CV – key employees
9.7 Seguros Monterrey New York Life SA de CV – Company Overview
  9.7.1 Seguros Monterrey New York Life SA de CV – key facts
  9.7.2 Seguros Monterrey New York Life SA de CV – main products
  9.7.3 Seguros Monterrey New York Life SA de CV – main competitors
  9.7.4 Seguros Monterrey New York Life SA de CV – key employees
9.8 Argos Aegon Seguros – Company Overview
  9.8.1 Argos Aegon Seguros – key facts
  9.8.2 Argos Aegon Seguros – main products
  9.8.3 Argos Aegon Seguros – main competitors
  9.8.4 Argos Aegon Seguros – key employees
9.9 Grupo Financiero Santander SAB de CV – Company Overview
  9.9.1 Grupo Financiero Santander SAB de CV – key facts
  9.9.2 Grupo Financiero Santander SAB de CV – main products
  9.9.3 Grupo Financiero Santander SAB de CV – main competitors
  9.9.4 Grupo Financiero Santander SAB 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: Life Insurance Written Premium by Category (MXN Billion), 2007–2011
Table 8: Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Life Insurance Written Premium by Category (MXN Billion), 2011–2016
Table 10: Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Life Insurance – Incurred Loss (MXN Billion), 2007–2011
Table 12: Life Insurance – Incurred Loss (MXN Billion), 2011–2016
Table 13: Life Insurance – Loss Ratio (%), 2007–2011
Table 14: Life Insurance – Loss Ratio (%), 2011–2016
Table 15: Life Insurance – Commissions and Expenses (MXN Billion), 2007–2011
Table 16: Life Insurance – Commissions and Expenses (MXN Billion), 2011–2016
Table 17: Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Life Insurance – Frauds and Crimes (MXN Billion), 2007–2011
Table 20: Life Insurance – Frauds and Crimes (MXN Billion), 2011–2016
Table 21: Life Insurance – Total Assets (MXN Billion), 2007–2011
Table 22: Life Insurance – Total Assets (MXN Billion), 2011–2016
Table 23: Life Insurance – Total Investment Income (MXN Billion), 2007–2011
Table 24: Life Insurance – Total Investment Income (MXN Billion), 2011–2016
Table 25: Life Insurance – Retentions (MXN Billion), 2007–2011
Table 26: Life Insurance – Retentions (MXN Billion), 2011–2016
Table 27: Individual Life Insurance Category by Volume (’000), 2007–2011
Table 28: Individual Life Insurance Category by Volume (’000), 2011–2016
Table 29: Individual Life Insurance Category by Written Premium (MXN Billion), 2007–2011
Table 30: Individual Life Insurance Category by Written Premium (MXN Billion), 2011–2016
Table 31: Individual Pension Category by Volume (’000), 2007–2011
Table 32: Individual Pension Category by Volume (’000), 2011–2016
Table 33: Individual Pension Category by Written Premium (MXN Billion), 2007–2011
Table 34: Individual Pension Category by Written Premium (MXN Billion), 2011–2016
Table 35: Individual Endowment Insurance Category by Volume (’000), 2007–2011
Table 36: Individual Endowment Insurance Category by Volume (’000), 2011–2016
Table 37: Individual Endowment Insurance Category by Written Premium (MXN Billion), 2007–2011
Table 38: Individual Endowment Insurance Category by Written Premium (MXN Billion), 2011–2016
Table 39: Individual Term Life Insurance Category by Volume (’000), 2007–2011
Table 40: Individual Term Life Insurance Category by Volume (’000), 2011–2016
Table 41: Individual Term Life Insurance Category by Written Premium (MXN Billion), 2007–2011
Table 42: Individual Term Life Insurance Category by Written Premium (MXN Billion), 2011–2016
Table 43: Individual Supplementary Category by Volume (’000), 2007–2011
Table 44: Individual Supplementary Category by Volume (’000), 2011–2016
Table 45: Individual Supplementary Category by Written Premium (MXN Billion), 2007–2011
Table 46: Individual Supplementary Category by Written Premium (MXN Billion), 2011–2016
Table 47: Individual Others Category by Volume (’000), 2007–2011
Table 48: Individual-Others Category by Volume (’000), 2011–2016
Table 49: Individual Others Category by Written Premium (MXN Billion), 2007–2011
Table 50: Individual Others Category by Written Premium (MXN Billion), 2011–2016
Table 51: Group life Insurance Category by Volume (’000), 2007–2011
Table 52: Group life Insurance Category by Volume (’000), 2011–2016
Table 53: Group life Insurance Category by Written Premium (MXN Billion), 2007–2011
Table 54: Group Life Insurance Category by Written Premium (MXN Billion), 2011–2016
Table 55: Individual Single Premium Category by Volume (’000), 2007–2011
Table 56: Individual Single Premium Category by Volume (’000), 2011–2016
Table 57: Individual Single Premium Category by Written Premium (MXN Billion), 2007–2011
Table 58: Individual Single Premium Category by Written Premium (MXN Billion), 2011–2016
Table 59: Individual Non-Single Premium Category by Volume (’000), 2007–2011
Table 60: Individual Non-Single Premium Category by Volume (’000), 2011–2016
Table 61: Individual Non-Single Premium Category by Written Premium (MXN Billion), 2007–2011
Table 62: Individual Non-Single Premium Category by Written Premium (MXN Billion), 2011–2016
Table 63: Group Single Premium Category by Volume (’000), 2007–2011
Table 64: Group Single Premium Category by Volume (’000), 2011–2016
Table 65: Group Single Premium Category by Written Premium (MXN Billion), 2007–2011
Table 66: Group Single Premium Category by Written Premium (MXN Billion), 2011–2016
Table 67: Group Non-Single Premium Category by Volume (’000), 2007–2011
Table 68: Group Non-Single Premium Category by Volume (’000), 2011–2016
Table 69: Group Non-Single Premium Category by Written Premium (MXN Billion), 2007–2011
Table 70: Group Non-Single Premium Category by Written Premium (MXN Billion), 2011–2016
Table 71: Life Insurance – Direct Marketing Commission Paid (MXN Billion), 2007–2011
Table 72: Life Insurance – Direct Marketing Commission Paid (MXN Billion), 2011–2016
Table 73: Life Insurance – Written Premium Through Direct Marketing (MXN Billion), 2007–2011
Table 74: Life Insurance – Written Premium Through Direct Marketing (MXN Billion), 2011–2016
Table 75: Life Insurance – Policies Sold Through Direct Marketing (‘000), 2007–2011
Table 76: Life Insurance – Policies Sold Through Direct Marketing (‘000), 2011–2016
Table 77: Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 78: Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 79: Life Insurance – Bancassurance Commission Paid (MXN Billion), 2007–2011
Table 80: Life Insurance – Bancassurance Commission Paid (MXN Billion), 2011–2016
Table 81: Life Insurance – Written Premium Through Bancassurance (MXN Billion), 2007–2011
Table 82: Life Insurance – Written Premium Through Bancassurance (MXN Billion), 2011–2016
Table 83: Life Insurance – Policies Sold Through Bancassurance (‘000), 2007–2011
Table 84: Life Insurance – Policies Sold Through Bancassurance (‘000), 2011–2016
Table 85: Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 86: Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 87: Life Insurance – Commission Paid to Agencies (MXN Billion), 2007–2011
Table 88: Life Insurance – Commission Paid to Agencies (MXN Billion), 2011–2016
Table 89: Life Insurance – Written Premium Through Agencies (MXN Billion), 2007–2011
Table 90: Life Insurance – Written Premium Through Agencies (MXN Billion), 2011–2016
Table 91: Life Insurance – Policies Sold Through Agencies (‘000), 2007–2011
Table 92: Life Insurance – Policies Sold Through Agencies (‘000), 2011–2016
Table 93: Life Insurance – Number of Agencies, 2007–2011
Table 94: Life Insurance – Number of Agencies, 2011–2016
Table 95: Life Insurance – Commission Paid to Other Channels (MXN Billion), 2007–2011
Table 96: Life Insurance – Commission Paid to Other Channels (MXN Billion), 2011–2016
Table 97: Life Insurance – Written Premium Through Other Channels (MXN Billion), 2007–2011
Table 98: Life Insurance – Written Premium Through Other Channels (MXN Billion), 2011–2016
Table 99: Life Insurance – Policies Sold Through Other Channels (‘000), 2007–2011
Table 100: Life Insurance – Policies Sold Through Other Channels (‘000), 2011–2016
Table 101: Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 102: Life Insurance – Number of Distributors in Other Channels, 2011–2016
Table 103: Reinsurance Market in Mexico by Category (MXN Billion), 2007–2011
Table 104: Reinsurance Market in Mexico by Category (US$ Billion), 2007–2011
Table 105: Reinsurance Market in Mexico by Category (MXN Billion), 2011–2016
Table 106: Reinsurance Market in Mexico by Category (US$ Billion), 2011–2016
Table 107: Reinsurance Ceded by Type of Insurance (MXN Billion), 2007–2011
Table 108: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011
Table 109: Reinsurance Ceded by Type of Insurance (MXN Billion), 2011–2016
Table 110: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016
Table 111: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 112: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 113: Life Insurance Market Share (%), 2010
Table 114: AXA Seguros, Key Facts
Table 115: AXA Seguros, Main Products
Table 116: AXA Seguros, Key Employees
Table 117: MetLife Mexico SA, Key Facts
Table 118: MetLife Mexico SA, Main Products
Table 119: MetLife Mexico SA, Key Employees
Table 120: Grupo Financiero Inbursa SAB de CV, Key Facts
Table 121: Grupo Financiero Inbursa SAB de CV, Main Products
Table 122: Grupo Financiero Inbursa SAB de CV, Key Employees
Table 123: Seguros Banorte Generali, SA de CV, Key Facts
Table 124: Seguros Banorte Generali, SA de CV, Main Products
Table 125: Seguros Banorte Generali, SA de CV, Key Employees
Table 126: Seguros Monterrey New York Life SA de CV, Key Facts
Table 127: Seguros Monterrey New York Life SA de CV, Main Products
Table 128: Seguros Monterrey New York Life SA de CV, Key Employees
Table 129: Argos Aegon Seguros, Key Facts
Table 130: Argos Aegon Seguros, Main Products
Table 131: Argos Aegon Seguros, Key Employees
Table 132: Grupo Financiero Santander SAB de CV, Key Facts
Table 133: Grupo Financiero Santander SAB de CV, Main Products
Table 134: Grupo Financiero Santander SAB 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: Life Insurance Written Premium by Category (MXN Billion), 2007–2016
Figure 4: Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Life Insurance – Incurred Loss (MXN Billion), 2007–2011
Figure 7: Life Insurance – Incurred Loss (MXN Billion), 2011–2016
Figure 8: Life Insurance – Loss Ratio (%), 2007–2011
Figure 9: Life Insurance – Loss Ratio (%), 2011–2016
Figure 10: Life Insurance – Commissions and Expenses (MXN Billion), 2007–2011
Figure 11: Life Insurance – Commissions and Expenses (MXN Billion), 2011–2016
Figure 12: Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Life Insurance – Frauds and Crimes (MXN Billion), 2007–2011
Figure 15: Life Insurance – Frauds and Crimes (MXN Billion), 2011–2016
Figure 16: Life Insurance – Total Assets (MXN Billion), 2007–2011
Figure 17: Life Insurance – Total Assets (MXN Billion), 2011–2016
Figure 18: Life Insurance – Total Investment Income (MXN Billion), 2007–2011
Figure 19: Life Insurance – Total Investment Income (MXN Billion), 2011–2016
Figure 20: Life Insurance – Retentions (MXN Billion), 2007–2011
Figure 21: Life Insurance – Retentions (MXN Billion), 2011–2016
Figure 22: Life Insurance – Investment Type (MXN Billion), 2007–2011
Figure 23: Life Insurance – Investment Type (% Share), 2007 and 2011
Figure 24: Life Insurance – Density and Penetration (%), 2007–2011
Figure 25: Life Insurance – Number of Policies Sold (’000), 2007–2011
Figure 26: Life Insurance – Number of Policies Sold (’000), 2011–2016
Figure 27: Life Insurance – Premium Per Capita (MXN), 2007–2011
Figure 28: Individual Life Insurance Category by Volume (’000), 2007–2011
Figure 29: Individual Life Insurance Category by Volume (’000), 2011–2016
Figure 30: Individual Life Insurance Category by Written Premium (MXN Billion), 2007–2011
Figure 31: Individual Life Insurance Category by Written Premium (MXN Billion), 2011–2016
Figure 32: Individual Pension Category by Volume (’000), 2007–2011
Figure 33: Individual Pension Category by Volume (’000), 2011–2016
Figure 34: Individual Pension Category by Written Premium (MXN Billion), 2007–2011
Figure 35: Individual Pension Category by Written Premium (MXN Billion), 2011–2016
Figure 36: Individual Endowment Insurance Category by Volume (’000), 2007–2011
Figure 37: Individual Endowment Insurance Category by Volume (’000), 2011–2016
Figure 38: Individual Endowment Insurance Category by Written Premium (MXN Billion), 2007–2011
Figure 39: Individual Endowment Insurance Category by Written Premium (MXN Billion), 2011–2016
Figure 40: Individual Term Life Insurance Category by Volume (’000), 2007–2011
Figure 41: Individual Term Life Insurance Category by Volume (’000), 2011–2016
Figure 42: Individual Term Life Insurance Category by Written Premium (MXN Billion), 2007–2011
Figure 43: Individual Term Life Insurance Category by Written Premium (MXN Billion), 2011–2016
Figure 44: Individual Supplementary Category by Volume (’000), 2007–2011
Figure 45: Individual Supplementary Category by Volume (’000), 2011–2016
Figure 46: Individual Supplementary Category by Written Premium (MXN Billion), 2007–2011
Figure 47: Individual Supplementary Category by Written Premium (MXN Billion), 2011–2016
Figure 48: Individual Others Category by Volume (’000), 2007–2011
Figure 49: Individual-Others Category by Volume (’000), 2011–2016
Figure 50: Individual Others Category by Written Premium (MXN Billion), 2007–2011
Figure 51: Individual Others Category by Written Premium (MXN Billion), 2011–2016
Figure 52: Group life Insurance Category by Volume (’000), 2007–2011
Figure 53: Group life Insurance Category by Volume (’000), 2011–2016
Figure 54: Group life Insurance Category by Written Premium (MXN Billion), 2007–2011
Figure 55: Group Life Insurance Category by Written Premium (MXN Billion), 2011–2016
Figure 56: Individual Single Premium Category by Volume (’000), 2007–2011
Figure 57: Individual Single Premium Category by Volume (’000), 2011–2016
Figure 58: Individual Single Premium Category by Written Premium (MXN Billion), 2007–2011
Figure 59: Individual Single Premium Category by Written Premium (MXN Billion), 2011–2016
Figure 60: Individual Non-Single Premium Category by Volume (’000), 2007–2011
Figure 61: Individual Non-Single Premium Category by Volume (’000), 2011–2016
Figure 62: Individual Non-Single Premium Category by Written Premium (MXN Billion), 2007–2011
Figure 63: Individual Non-Single Premium Category by Written Premium (MXN Billion), 2011–2016
Figure 64: Group Single Premium Category by Volume (’000), 2007–2011
Figure 65: Group Single Premium Category by Volume (’000), 2011–2016
Figure 66: Group Single Premium Category by Written Premium (MXN Billion), 2007–2011
Figure 67: Group Single Premium Category by Written Premium (MXN Billion), 2011–2016
Figure 68: Group Non-Single Premium Category by Volume (’000), 2007–2011
Figure 69: Group Non-Single Premium Category by Volume (’000), 2011–2016
Figure 70: Group Non-Single Premium Category by Written Premium (MXN Billion), 2007–2011
Figure 71: Group Non-Single Premium Category by Written Premium (MXN Billion), 2011–2016
Figure 72: Life Insurance New Business Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 73: Life Insurance – Direct Marketing Commission Paid (MXN Billion), 2007–2011
Figure 74: Life Insurance – Direct Marketing Commission Paid (MXN Billion), 2011–2016
Figure 75: Life Insurance – Written Premium Through Direct Marketing (MXN Billion), 2007–2011
Figure 76: Life Insurance – Written Premium Through Direct Marketing (MXN Billion), 2011–2016
Figure 77: Life Insurance – Policies Sold Through Direct Marketing (‘000), 2007–2011
Figure 78: Life Insurance – Policies Sold Through Direct Marketing (‘000), 2011–2016
Figure 79: Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 80: Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 81: Life Insurance – Bancassurance Commission Paid (MXN Billion), 2007–2011
Figure 82: Life Insurance – Bancassurance Commission Paid (MXN Billion), 2011–2016
Figure 83: Life Insurance – Written Premium Through Bancassurance (MXN Billion), 2007–2011
Figure 84: Life Insurance – Written Premium Through Bancassurance (MXN Billion), 2011–2016
Figure 85: Life Insurance – Policies Sold Through Bancassurance (‘000), 2007–2011
Figure 86: Life Insurance – Policies Sold Through Bancassurance (‘000), 2011–2016
Figure 87: Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 88: Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 89: Life Insurance – Commission Paid to Agencies (MXN Billion), 2007–2011
Figure 90: Life Insurance – Commission Paid to Agencies (MXN Billion), 2011–2016
Figure 91: Life Insurance – Written Premium Through Agencies (MXN Billion), 2007–2011
Figure 92: Life Insurance – Written Premium Through Agencies (MXN Billion), 2011–2016
Figure 93: Life Insurance – Policies Sold Through Agencies (‘000), 2007–2011
Figure 94: Life Insurance – Policies Sold Through Agencies (‘000), 2011–2016
Figure 95: Life Insurance – Number of Agencies, 2007–2011
Figure 96: Life Insurance – Number of Agencies, 2011–2016
Figure 97: Life Insurance – Commission Paid to Other Channels (MXN Billion), 2007–2011
Figure 98: Life Insurance – Commission Paid to Other Channels (MXN Billion), 2011–2016
Figure 99: Life Insurance – Written Premium Through Other Channels (MXN Billion), 2007–2011
Figure 100: Life Insurance – Written Premium Through Other Channels (MXN Billion), 2011–2016
Figure 101: Life Insurance – Policies Sold Through Other Channels (‘000), 2007–2011
Figure 102: Life Insurance – Policies Sold Through Other Channels (‘000), 2011–2016
Figure 103: Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 104: Life Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 105: Mexican Life Insurance Market – Five Forces Analysis
Figure 106: Premium Ceded to Reinsurance by Category (MXN Billion), 2007–2016
Figure 107: Reinsurance Premium Share by Category, 2011 and 2016
Figure 108: Reinsurance Market Dynamics by Category, 2007–2016
Figure 109: Reinsurance Ceded by Type of Insurance (MXN Billion), 2007–2016
Figure 110: Reinsurance Market Dynamics by Type of Insurance, 2007–2016
Figure 111: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 112: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 113: Life Insurance Market Share (%), 2010
Figure 114: Mexican Business Confidence Indicator, Q1 2008–Q1 2010
Figure 115: Mexican Exchange Market Capitalization (US$ Billion), 2007–2010
Figure 116: Mexican FDI Inflows by Sector (US$ Billion), 2003–2009
Figure 117: Mexican Deployment of Credit (US$ Billion), 2003–2009
Figure 118: Mexican GDP at Constant Prices (US$ Billion), 2007–2016
Figure 119: Mexican GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 120: Mexican GDP at Current Prices (US$ Billion), 2007–2016
Figure 121: Mexican GDP per Capita at Current Prices (US$), 2007–2016
Figure 122: Mexican GDP by Key Sector (%) 2003 and 2009
Figure 123: Mexican Agricultural Net Output at Current Prices (MXN Billion), 2007–2016
Figure 124: Mexican Agricultural Net Output at Current Prices (US$ Billion), 2007–2016
Figure 125: Mexican Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 126: Mexican Manufacturing Net Output at Current Prices (MXN Billion), 2007–2016
Figure 127: Mexican Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 128: Mexican Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 129: Mexican Mining, Manufacturing and Utilities Net Output at Current Prices (MXN Billion), 2007–16
Figure 130: Mexican Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 131: Mexican Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007–2016
Figure 132: Mexican Construction Net Output at Current Prices (MXN Billion), 2007–2016
Figure 133: Mexican Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 134: Mexican Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 135: Mexican Crude Steel Production (‘000 Tons), 2007–2016
Figure 136: Mexican Crude Oil Consumption (Million Tons), 2007–2016
Figure 137: Mexican Inflation Rate (%), 2007–2016
Figure 138: Mexican Fiscal Balance as a Percentage of GDP (%), 2007–2010
Figure 139: Mexican Current Account Balance as a Percentage of GDP (%), 2007–2016
Figure 140: Mexican Exports as a Percentage of GDP (%), 2007–2016
Figure 141: Mexican Imports as a Percentage of GDP (%), 2007–2016
Figure 142: Mexican Exports Growth (%), 2007–2016
Figure 143: Mexican Imports Growth (%), 2007–2016
Figure 144: Mexican External Debt as a Percentage of GDP (%), 2007–2010
Figure 145: Mexican Annual Average Exchange Rate US$–MXN, 2007–2010
Figure 146: Mexican End-of-Period Exchange Rate US$–MXN, 2007–2010
Figure 147: Mexican Debt Service Ratio, 2007–2010
Figure 148: Mexican Airports and Sea Ports, 2010
Figure 149: Mexican Railways and Roadways (Kilometers), 2011
Figure 150: Mexican Passenger Vehicle Production (Units), 2007–2016
Figure 151: Mexican Commercial Vehicle Production (Units), 2007–2016
Figure 152: Mexican Automotive Component Exports (US$ Million), 2007–2016
Figure 153: Mexican Automotive Component Imports (US$ Billion), 2007–2016
Figure 154: Mexican Passenger Car Penetration (per Thousand People), 2007–2016
Figure 155: Mexican Total Installed Capacity for Electricity Generation (Million Kilowatts), 2007–2016
Figure 156: Mexican Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 2007–2016
Figure 157: Mexican Electricity Production (Billion Kilowatt Hours), 2007–2016
Figure 158: Mexican Installed Capacity for the Generation of Hydroelectricity (Million Kilowatts), 2007–2016
Figure 159: Mexican Installed Capacity for the Generation of Renewable Electricity (Million Kilowatts), 2007–2016
Figure 160: Mexican Electricity Consumption (Billion Kilowatt Hours), 2007–2016
Figure 161: Mexican Electricity Exports (Million Kilowatt Hours), 2007–2016
Figure 162: Mexican Electricity Imports (Million Kilowatt Hours), 2007–2016
Figure 163: Mexican Healthcare Expenditure (US$ Billion), 2007–2016
Figure 164: Mexican Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 165: Mexican Healthcare Expenditure per Capita (US$), 2007–2016
Figure 166: Mexican Internet Subscriptions (Thousands), 2007–2016
Figure 167: Mexican Broadband Internet Subscriptions (’000), 2007–2016
Figure 168: Mexican Personal Computer Penetration Rate (per Hundred People), 2007–2016
Figure 169: Mexican Mobile Phone Penetration (%), 2007–2016
Figure 170: Mexican Size of Labor Force Aged 15–59 (Million), 2007–2016
Figure 171: Mexican Unemployment Rate (%), 2007–2016
Figure 172: Mexican Annual Disposable Income (US$ Billion), 2007–2016
Figure 173: Mexican Annual per Capita Disposable Income (US$), 2007–2016
Figure 174: Mexican Consumer Expenditure on Food (US$ Billion), 2007–2016
Figure 175: Mexican Annual per Capita Consumer Expenditure on Food (US$), 2007–2016
Figure 176: Mexican Urban and Rural Populations (%), 2007–2016
Figure 177: Mexican Females as Percentage of the Population (%), 2007–2016
Figure 178: Mexican Males as a Percentage of the Population (%), 2007–2016
Figure 179: Mexican Mean Age of Population (Years), 2007–2016
Figure 180: Mexican Median Age of Population (Years), 2007–2016
Figure 181: Mexican Population Density (per Square Kilometer), 2007–2016
Figure 182: Mexican Population Distribution by Age (%), 2007–2016
Figure 183: Mexican Male Population Distribution by Age (%), 2007–2016
Figure 184: Mexican Female Population Distribution by Age (%), 2007–2016
Figure 185: Mexico – Number of Households (Million), 2007–2016
Figure 186: Global Terrorism Heat Map
Figure 187: Mexican Transparency Index, 2004–2010

COMPANIES MENTIONED

AXA Seguros
MetLife Mexico SA
Grupo Financiero Inbursa SAB de CV
Seguros Banorte Generali, SA de CV
Seguros Monterrey New York Life SA de CV
Argos Aegon Seguros
Grupo Financiero Santander SAB de CV

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Life Insurance in Mexico, Trends and Opportunities to 2016: Tax Incentives to Continue to Encourage Investment in Life Insurance Retirement Products
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