Reinsurance in Argentina, Key Trends and Opportunities to 2018

Date: August 11, 2014
Pages: 72
Price:
US$ 1,950.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: R4C7BFEAF2DEN
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Reinsurance in Argentina, Key Trends and Opportunities to 2018
SYNOPSIS

The report provides in depth market analysis, information and insights into the Argentine reinsurance segment, including:
  • The Argentine reinsurance segment's growth prospects by reinsurance categories
  • Key trends and drivers for the reinsurance segment
  • The Argentine reinsurance segment’s growth prospects by reinsurance ceded from direct insurance segments
  • The competitive landscape in the Argentine reinsurance segment
  • SUMMARY

    The Argentine reinsurance segment registered robust growth during the review period (2009–2013), with its gross written premium growing at a compound annual growth rate (CAGR) of 226.8%. Treaty reinsurance accounted for 72.8% of the total reinsurance written premium in 2013, followed by facultative reinsurance with the remaining 27.2%. Growth in the segment was mainly due to new reinsurance legislation, and partly to improvements in the real estate sector and investment levels across the country. This was supported by the reinsurance ceded for large infrastructure projects and natural disaster protection in the country. The reinsurance segment’s written premium value is subsequently projected to post a forecast-period (2013–2018) CAGR of 31.8%.

    SCOPE

    This report provides a comprehensive analysis of the reinsurance segment in Argentina:
    • It provides historical values for Argentina’s reinsurance segment for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
    • It offers a detailed analysis of the key sub-segments in Argentina’s reinsurance segment, along with market forecasts until 2018.
    • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Argentina and its growth prospects.
    REASONS TO BUY
    • Make strategic business decisions using in depth historic and forecast market data related to the Argentine reinsurance segment and each sector within it
    • Understand the demand-side dynamics, key market trends and growth opportunities within the Argentine reinsurance segment
    • Identify the growth opportunities and market dynamics within key product categories
    • Gain insights into key regulations governing the Argentine insurance industry and its impact on companies and the market's future
    KEY HIGHLIGHTS
    • The Argentine reinsurance segment registered robust growth during the review period (2009–2013), with its gross written premium growing at a compound annual growth rate (CAGR) of 226.8%.
    • Treaty reinsurance accounted for 72.8% of the total written premium in 2013, while facultative reinsurance accounted for the remaining 27.2%.
    • Growth in premium accepted was predominantly due to new reinsurance legislation to promote domestic reinsurers over foreign reinsurers.
    • The number of local reinsurers in 2012 was 17; it increased to 19 in 2013.
    1 EXECUTIVE SUMMARY

    2 INTRODUCTION

    2.1 What is this Report About?
    2.2 Definitions
    2.3 Methodology

    3 ARGENTINE INSURANCE INDUSTRY ATTRACTIVENESS

    3.1 Insurance Industry Size, 2009–2018

    4 REINSURANCE GROWTH DYNAMICS AND CHALLENGES

    4.1 Reinsurance Segment Size, 2009–2018
    4.2 Reinsurance Segment Size by Premium Ceded, 2009–2018

    5 KEY INDUSTRY TRENDS AND DRIVERS

    5.1 Fundamental Business Drivers
    5.2 Life Insurance Segment Drivers
    5.3 Non-Life Insurance Segment Drivers
    5.4 Personal Accident and Health Insurance Segment Drivers

    6 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

    6.1 Overview
    6.2 Federación Patronal Reaseguros SA – Company Overview
      6.2.1 Federación Patronal Reaseguros SA – key facts
    6.3 Nace Punto Sur Sociedad Argentina de Reaseguros SA – Company Overview
      6.3.1 Nace Punto Sur Sociedad Argentina de Reaseguros SA – key facts
    6.4 Prudential Seguros SA – Company Overview
      6.4.1 Prudential Seguros SA – key facts

    7 BUSINESS ENVIRONMENT AND COUNTRY RISK

    7.1 Business Confidence
      7.1.1 Market capitalization trend – Buenos Aires Stock Exchange, Argentina
    7.2 Economic Performance
      7.2.1 GDP at current prices (US$)
      7.2.2 GDP per capita at current prices (US$)
      7.2.3 GDP by key sector
      7.2.4 Agriculture, hunting, forestry and fishing net output at current prices (US$)
      7.2.5 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
      7.2.6 Manufacturing net output at current prices (US$)
      7.2.7 Manufacturing net output at current prices as a percentage of GDP
      7.2.8 Mining, manufacturing and utilities at current prices (US$)
      7.2.9 Mining, manufacturing and utilities at current prices, as percentage of GDP
      7.2.10 Construction net output at current prices, (US$)
      7.2.11 Construction net output at current prices as a percentage of GDP
      7.2.12 Inflation rate
      7.2.13 Exports as a percentage of GDP
      7.2.14 Imports as a percentage of GDP
      7.2.15 Merchandise exports growth
      7.2.16 Merchandise imports growth
      7.2.17 Annual average exchange rate EUR–US$
    7.3 Infrastructure
      7.3.1 Commercial vehicles exports – total value
      7.3.2 Commercial vehicles imports – total value
      7.3.3 Automotive exports – total value
      7.3.4 Automotive imports – total value
      7.3.5 Total internet subscribers
    7.4 Labor Force
      7.4.1 Unemployment rate
    7.5 Demographics
      7.5.1 Gross national disposable income (US$)
      7.5.2 Total population
      7.5.3 Urban and rural populations
      7.5.4 Age distribution of the total population

    8 APPENDIX

    8.1 Methodology
    8.2 Contact Timetric
    8.3 About Timetric
    8.4 Timetric’s Services
    8.5 Disclaimer

    LIST OF TABLES

    Table 1: Insurance Industry Definitions
    Table 2: Argentine Insurance – Gross Written Premium by Segment (ARS Billion), 2009–2013
    Table 3: Argentine Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
    Table 4: Argentine Insurance – Gross Written Premium by Segment (ARS Billion), 2013–2018
    Table 5: Argentine Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
    Table 6: Argentine Insurance – Segmentation, Gross Written Premium (% Share), 2009–2018
    Table 7: Argentine Insurance – Direct Written Premium by Segment (ARS Billion), 2009–2013
    Table 8: Argentine Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
    Table 9: Argentine Insurance – Direct Written Premium by Segment (ARS Billion), 2013–2018
    Table 10: Argentine Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
    Table 11: Argentine Insurance – Segmentation, Direct Written Premium (% Share), 2009–2018
    Table 12: Argentine Reinsurance – Premium Accepted by Category (ARS Million), 2009–2013
    Table 13: Argentine Reinsurance – Premium Accepted by Category (US$ Million), 2009–2013
    Table 14: Argentine Reinsurance – Premium Accepted by Category (ARS Million), 2013–2018
    Table 15: Argentine Reinsurance – Premium Accepted by Category (US$ Million), 2013–2018
    Table 16: Argentine Reinsurance – Premium Ceded by Type of Insurance (ARS Million), 2009–2013
    Table 17: Argentine Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2009–2013
    Table 18: Argentine Reinsurance – Premium Ceded by Type of Insurance (ARS Million), 2013–2018
    Table 19: Argentine Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2013–2018
    Table 20: Argentine Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
    Table 21: Argentine Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
    Table 22: Argentine Non-Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
    Table 23: Argentine Non-Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
    Table 24: Argentine Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
    Table 25: Argentine Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
    Table 26: Federación Patronal Reaseguros SA, Key Facts
    Table 27: Nace Punto Sur Sociedad Argentina de Reaseguros SA, Key Facts
    Table 28: Prudential Seguros SA, Key Facts

    LIST OF FIGURES

    Figure 1: Argentine Insurance – Gross Written Premium by Segment (ARS Billion), 2009–2018
    Figure 2: Argentine Insurance – Dynamics by Segment, Gross Written Premium (2009–2018)
    Figure 3: Argentine Insurance – Direct Written Premium by Segment (ARS Billion), 2009–2018
    Figure 4: Argentine Insurance – Dynamics by Segment, Direct Written Premium (2009–2018)
    Figure 5: Argentine Reinsurance – Premium Accepted by Category (ARS Billion), 2009–2018
    Figure 6: Argentine Reinsurance – Premium Accepted by Category (% Share), 2013 and 2018
    Figure 7: Argentine Reinsurance – Premium Accepted Dynamics by Category, 2009–2018
    Figure 8: Argentine Reinsurance – Premium Ceded by Type of Insurance (ARS Billion), 2009–2018
    Figure 9: Argentine Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2009–2018
    Figure 10: Argentine Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
    Figure 11: Argentine Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
    Figure 12: Argentine Non-Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
    Figure 13: Argentine Non-Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
    Figure 14: Argentine Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
    Figure 15: Argentine Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
    Figure 16: Argentina, Buenos Aires Stock Exchange Market Capitalization (US$ Billion), 2008–2012
    Figure 17: Argentine GDP at Current Prices (US$ Billion), 2008–2012
    Figure 18: Argentine GDP Per Capita at Current Prices (US$), 2008–2012
    Figure 19: Argentine GDP by Key Sector (%) 2008 and 2012
    Figure 20: Argentine Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008–2012
    Figure 21: Argentine Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
    Figure 22: Argentine Manufacturing Net Output at Current Prices (US$ Billion), 2008–2012
    Figure 23: Argentine Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
    Figure 24: Argentine Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2012
    Figure 25: Argentine Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2008–2012
    Figure 26: Argentine Construction Net Output at Current Prices (US$ Billion), 2008– 2012
    Figure 27: Argentine Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
    Figure 28: Argentine Inflation Rate (%), 2008–2012
    Figure 29: Argentine Exports as a Percentage of GDP (%), 2008–2012
    Figure 30: Argentine Imports as a Percentage of GDP (%), 2008–2012
    Figure 31: Argentine Merchandise Exports Growth (%), 2008–2012
    Figure 32: Argentine Merchandise Imports Growth (%), 2008–2012
    Figure 33: Argentine Annual Average Exchange Rate US$–ARS, 2008–2012
    Figure 34: Argentine Commercial Vehicles Exports – Total Value (US$ Billion), 2007–2010
    Figure 35: Argentine Commercial Vehicles Imports – Total Value (US$ Billion), 2007–2010
    Figure 36: Argentine Automotive Exports – Total Value (US$ Billion), 2007–2010
    Figure 37: Argentine Automotive Imports – Total Value (US$ Billion), 2007–2010
    Figure 38: Argentine Internet Subscriptions (Millions), 2008–2012
    Figure 39: Argentine Unemployment Rate (%), 2008–2012
    Figure 40: Argentine Gross National Disposable Income (US$ Billion), 2007–2011
    Figure 41: Argentine Total Population (Million), 2008–2012
    Figure 42: Argentine Urban and Rural Populations (%), 2008–2012
    Figure 43: Argentine Population Distribution by Age (%), 2008–2012

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