Chile Insurance Market Examined & Forecast by Timetric in Its New Topical Reports Recently Added at MarketPublishers.com
04 Apr 2017 • by Natalie Aster
LONDON – Market Publishers, Ltd. informs that a number of new research studies covering the Chilean insurance market elaborated by Timetric has been recently uploaded at MarketPublishers.com.
New Reports on Chile’s Insurance Market by Timetric Include:
As of 2015, the life insurance sector captured a share of slightly over 60% of the total gross written premium of Chile’s insurance industry. Key drivers of the country’s life insurance sector include escalating life expectancy and also rising volume of the population aged 65+ in the country. The domestic life insurance sector was moderately consolidated, with ten top players capturing a share of 71.9% of the sector’s total direct written premium as of 2015. In the same year, life insurance penetration in Chile stood at 2.6%, the figure is likely to increase to 2.7% in the year 2020.
This publication is a detailed guide to the Chilean life insurance market, contains trustworthy data on the market performance and also highlights the market dynamics and key market aspects.
In 2015, the penetration of non-life insurance in Chile was equal to 1.3%, the figure is the fifth-highest in South America. In the same year, the property insurance ranked the biggest category in Chile’s non-life insurance market, accounting for a share of 63.9% of the non-life gross written premium. As of 2015, Chile’s non-life market is highly concentrated, with the 10 top players holding a share of 91%. Bancassurance is one of the most popular distribution channels for non-life insurers in the country.
This research study offers a detailed overview of the Chilean non-life insurance market and reliable data on the market performance, dynamics, regulative norms, competitive environment and emerging trends and growth prospects.
With a share of 10%, personal accident and health was the smallest sector of the Chilean insurance market as of the year 2015. The country has a dual healthcare system, which was created by the Sistema Nacional de Servicios de Salud. For distribution of personal accident and health insurance products the insurers in Chile use a combination of agencies, brokers, direct marketing instruments and bancassurance.
This topical study presents a detailed guide to the Chilean personal accident and health insurance market, highlights the market dynamics and top trends, covers competitive landscape and key distribution channels, as well as discloses important industry performance statistics.
Many other insurance market research reports and other topical research studies by this publisher are available in the Timetric catalogue at MarketPublishers.com.