Insurance in Mexico - Market Summary, Competitive Analysis and Forecast to 2025

November 2021 | 54 pages | ID: IAE2402A662FEN
MarketLine

Abstracts

Insurance in Mexico - Market Summary, Competitive Analysis and Forecast to 2025

SUMMARY

Insurance in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

KEY HIGHLIGHTS

• The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
• The Mexican insurance market had total gross written premiums of $27.7bn in 2020, representing a compound annual growth rate (CAGR) of 7.4% between 2016 and 2020.
• The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $14.9bn, equivalent to 53.9% of the market's overall value.
• The COVID-19 pandemic, which first took hold in Mexico in early 2020, has had a significant impact on many markets around the world, including insurance. Interest rate cuts have hampered insurance companies’ profits, whilst restrictions on consumers’ movement have reduced demand for certain types of insurance, such as motor and travel.

SCOPE

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Mexico
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Mexico
• Leading company profiles reveal details of key insurance market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Mexico insurance market with five year forecasts

REASONS TO BUY

• What was the size of the Mexico media market by value in 2020?
• What will be the size of the Mexico media market in 2025?
• What factors are affecting the strength of competition in the Mexico media market?
• How has the market performed over the last five years?
• Who are the top competitors in Mexico's media market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?

8 COMPANY PROFILES

8.1. Grupo Nacional Provincial SAB
8.2. Chubb Ltd
8.3. AXA SA
8.4. Qualitas Controladora SAB de CV

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: Mexico insurance market value: $ billion, 2016–20
Table 2: Mexico insurance market category segmentation: $ billion, 2020
Table 3: Mexico insurance market geography segmentation: $ billion, 2020
Table 4: Mexico insurance market value forecast: $ billion, 2020–25
Table 5: Mexico insurance market share: % share, by value, 2020
Table 6: Grupo Nacional Provincial SAB: key facts
Table 7: Grupo Nacional Provincial SAB: Annual Financial Ratios
Table 8: Grupo Nacional Provincial SAB: Key Employees
Table 9: Chubb Ltd: key facts
Table 10: Chubb Ltd: Annual Financial Ratios
Table 11: Chubb Ltd: Key Employees
Table 12: Chubb Ltd: Key Employees Continued
Table 13: Chubb Ltd: Key Employees Continued
Table 14: Chubb Ltd: Key Employees Continued
Table 15: AXA SA: key facts
Table 16: AXA SA: Annual Financial Ratios
Table 17: AXA SA: Key Employees
Table 18: AXA SA: Key Employees Continued
Table 19: AXA SA: Key Employees Continued
Table 20: Qualitas Controladora SAB de CV: key facts
Table 21: Qualitas Controladora SAB de CV: Annual Financial Ratios
Table 22: Qualitas Controladora SAB de CV: Key Employees
Table 23: Mexico size of population (million), 2016–20
Table 24: Mexico gdp (constant 2005 prices, $ billion), 2016–20
Table 25: Mexico gdp (current prices, $ billion), 2016–20
Table 26: Mexico inflation, 2016–20
Table 27: Mexico consumer price index (absolute), 2016–20
Table 28: Mexico exchange rate, 2016–20

List Of Figures

LIST OF FIGURES

Figure 1: Mexico insurance market value: $ billion, 2016–20
Figure 2: Mexico insurance market category segmentation: % share, by value, 2020
Figure 3: Mexico insurance market geography segmentation: % share, by value, 2020
Figure 4: Mexico insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Mexico, 2020
Figure 6: Drivers of buyer power in the insurance market in Mexico, 2020
Figure 7: Drivers of supplier power in the insurance market in Mexico, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Mexico, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Mexico, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Mexico, 2020
Figure 11: Mexico insurance market share: % share, by value, 2020