Latin America Insurance Market Outlook to 2015 - Promising Region Backed by the Emerging Brazil

Date: February 22, 2011
Pages: 63
Price:
US$ 850.00
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Publisher: Ken Research Private Ltd
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Hard Copy Mail Delivery
ID: LC314DA237BEN
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Latin America Insurance Market Outlook to 2015 - Promising Region Backed by the Emerging Brazil
Executive Summary

The Report titled “Latin America Insurance Market Outlook to 2015 - Promising Region Backed by the Emerging Brazil” provides an in-depth analysis of the Latin American insurance industry. The report covers specific insights on the market size, insurance density, insurance penetration and segmentation, drivers and restraints, recent trends and developments and future outlook of the insurance industry in the Latin America and in the three major countries including the Brazil, Mexico and Venezuela. The report also entails the market size on the basis of gross insurance premium written in case of life and non-life insurance and market share of various companies at the country level. Overall, the report offers a comprehensive analysis of the entire Latin American insurance industry.

Insurance Industry in Latin America

Latin America is an emerging market where insurance industry has tremendous growth potential. Led by the six main national markets of Brazil, Mexico, Venezuela, Argentina, Chile and Colombia, the Latin American insurance premium volume has reached USD ~ million in 2009. It is expected that insurance industry in the region will continue to show the sustained, if not restrained due to catastrophe losses and recession, and will reach USD ~ million in 2010. Latin America insurance market accounted for ~% of the global market share in 2009. The market is not only growing in terms of competition but also in terms of the distribution channels. In such a situation, the insurer who can adapt to a successful sales approach will lead the market.

Latin America insurance market is led by Brazil with the market share of ~% and size of USD ~ million in 2009. It is followed by Mexico with ~% market share and gross Insurance premium of USD ~ million. Venezuela is giving Mexico a tough competition with ~% market share and gross insurance premium of USD ~ million. Other countries include Argentina, Chile, Columbia, Peru, Trinidad and Tobago, Ecuador, Panama and other which contributed the rest of the market share of ~% with gross insurance premium of USD ~ million in 2009.

Brazil

Brazil life insurance market is moderately competitive market with top 10 players accounting for ~% market share in 2009. The life insurance market is dominated by Bradesco Vida E Previdencia S.A with the market share of ~% and gross insurance premium written of USD ~ million in 2009. The second largest life insurer i.e. Itau Vida E Previdencia accounted for the just more than half of the market share (~) of that of Bradesco and gross insurance premium of USD ~ million. There is stiff competition between the third and fourth largest life insurer i.e. Brasilprev Seguros E Previdencia and Santander Seguros respectively with the market share of ~% and ~% respectively. The gross insurance premium of Brasilprev Seguros E Previdencia was valued at USD ~ million in 2009 while the gross insurance premium of Santander Seguros was USD ~ million. It is followed by Caixa Vida E Previdencia at the fifth position with market share of ~% and gross insurance premium of USD ~ million in 2015.

Mexico

Mexico life insurance market is extremely low penetrated with the penetration level of ~% in 2009. This indicates the gross life insurance premium of USD ~ million just contributed ~% to the GDP of USD ~ billion in 2009. It is expected that life insurance market will witness decrease in the penetration level to nearly ~% by 2015.

Venezuela

Venezuela life insurance market has evolved over time. From the market size of just USD ~ million in 2001, the gross life insurance premium written has increased to USD ~ million in 2009, registering 8 year CAGR of ~%. Even in the phase of downturn, life insurance market in Venezuela has remained strong and registered growth of ~% in 2009. It is expected the life insurance market will reach to USD ~ million in 2013 and USD ~ million in 2015, growing at an expected 6 year CAGR of ~%.

Scope of Research

The report entails thorough analysis, drivers, restraints and market opportunities for insurance industry in Latin America. The scope of the report includes:
  • The market size of life and non-life insurance industry in terms of gross insurance premium written for Latin America and 3 countries (Brazil, Mexico and Venezuela) 2001 to 2015
  • Life and Non-life insurance density in USD for Latin America and for all 3 countries, 2001 to 2015
  • Life and Non-life insurance penetration, premium as a percentage of GDP for Latin America and for all 3 countries, 2001 to 2015
  • Market segmentation on the basis of Geography and on the basis of Product for Latin America and major 3 countries, 2009 and 2015
  • Competitive Landscape of the major life and non-life insurers (Caracas de Liberty Mutual, Mercantil Seguro, MetLife Mexico, BBVA Bancomer, Bradesco Life & Pensions, Itau Life & Pensions) in various countries on the basis of gross premium written
  • In-depth analysis of trends and developments, drivers, restraints and future outlook of the insurance industry in Latin America and the major 3 countries
  • Market opportunities and Future Outlook of the insurance industry in Latin America and major 3 countries.
1. LATIN AMERICA INSURANCE MARKET

1.1. Latin America Insurance Market Introduction
1.2. Latin America Insurance Market Drivers
1.3. Latin America Insurance Market Restraints
1.4. Latin America Life and Non-Life insurance Market Size by Value, 2001-2015
1.5. Latin America Life and Non-Life Insurance Density, Premium per Capita, USD, 2001-2015
1.6. Latin America Life and Non-Life Insurance Penetration, Premium in % of GDP, 2001-2015
1.7. Latin America Insurance Market Segmentation
  1.7.1. By Geography, 2009 and 2015
  1.7.2. By Product, 2009 and 2015
    1.7.2.1. Latin America Non-Life Insurance Market
1.8. Latin America Insurance Market Recent Trends and Developments
1.9. Latin America Insurance Market Future Outlook
1.10. Brazil Insurance Market
  1.10.1. Brazil Insurance Market Introduction
  1.10.2. Brazil Life and Non-Life Insurance Market Size by Value, 2001-2015
  1.10.3. Brazil Life and Non-Life Insurance Density, Premium Per Capita, USD, 2001-2015
  1.10.4. Brazil Life and Non-Life Insurance Penetration, Premium as a % of GDP, 2001-2015
  1.10.5. Brazil Insurance Market Segmentation by Product, 2009 and 2015
    1.10.5.1. Brazil Non-Life Insurance Market
  1.10.6. Brazil Insurance Competitive Landscape
    1.10.6.1. Brazil Life Insurance Competitive Landscape, 2009
    1.10.6.2. Brazil Non-Life Insurance Competitive Landscape, 2009
  1.10.7. Brazil Insurance Market Future Outlook
1.11. Mexico Insurance Market
  1.11.1. Mexico Insurance Market Introduction
  1.11.2. Mexico Life and Non-Life Insurance Market Size by Value, 2001-2015
  1.11.3. Mexico Life and Non-Life Insurance Density, Premium Per Capita, USD, 2001-2015
  1.11.4. Mexico Life and Non-Life Insurance Penetration, Premium as a % of GDP, 2001-2015
  1.11.5. Mexico Insurance Market Segmentation by Product, 2009 and 2015
    1.11.5.1. Mexico Non-Life Insurance Market
  1.11.6. Mexico Insurance Competitive Landscape
    1.11.6.1. Mexico Life Insurance Competitive Landscape, 2008
    1.11.6.2. Mexico Non-Life Insurance Competitive Landscape, 2008
  1.11.7. Mexico Insurance Market Future Outlook
1.12. Venezuela Insurance Market
  1.12.1. Venezuela Insurance Market Introduction
  1.12.2. Venezuela Life and Non-Life Insurance Market Size by Value, 2001-2015
  1.12.3. Venezuela Life and Non-Life Insurance Density, Premium Per Capita, USD, 2001-2015
  1.12.4. Venezuela Life and Non-Life Insurance Penetration, Premium as a % of GDP, 2001-2015
  1.12.5. Venezuela Insurance Market Segmentation by Product, 2009 and 2015
  1.12.6. Venezuela Non-Life Insurance Competitive Landscape, 2008
  1.12.7. Venezuela Insurance Market Future Outlook

2. APPENDIX

2.1. Market Definition
2.2. Abbreviations
2.3. Disclaimer

LIST OF FIGURES

Figure 1: Latin America Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015
Figure 2: Latin America Life and Non Life Insurance Density, Premium per Capita, in USD, 2001-2015
Figure 3: Latin America Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, 2001-2015
Figure 4: Latin America Insurance Market Segmentation by Countries, in Percentage, 2009
Figure 5: Latin America Insurance Market Segmentation by Countries, in Percentage, 2015
Figure 6: Latin America Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2009
Figure 7: Latin America Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2015
Figure 8: Brazil Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015
Figure 9: Brazil Life and Non Life Insurance Density, Premium per Capita, in USD, 2001-2015
Figure 10: Brazil Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, 2001-2015
Figure 11: Brazil Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2009
Figure 12: Brazil Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2015
Figure 13: Brazil Non-Life Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2009
Figure 14: Brazil Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, 2009
Figure 15: Brazil Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in USD Million, 2009
Figure 16: Mexico Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015
Figure 17: Mexico Life and Non Life Insurance Density, Premium per Capita, in USD, 2001-2015
Figure 18: Mexico Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, 2001-2015
Figure 19: Mexico Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2009
Figure 20: Mexico Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2015
Figure 21: Mexico Non-Life Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2008
Figure 22: Mexico Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, 2008
Figure 23: Mexico Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, 2008
Figure 24: Venezuela Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015
Figure 25: Venezuela Life and Non Life Insurance Density, Premium per Capita, in USD, 2001-2015
Figure 26: Venezuela Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, 2001-2015
Figure 27: Venezuela Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2009
Figure 28: Venezuela Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2015
Figure 29: Venezuela Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, 2008

LIST OF TABLES

Table 1: Latin America Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015
Table 2: Latin America Life and Non Life Insurance Density, Premium per Capita, in USD, 2001-2015
Table 3: Latin America Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, 2001-2015
Table 4: Latin America Insurance Market Segmentation by Countries, in USD Million, 2009
Table 5: Latin America Insurance Market Segmentation by Countries, in USD Million, 2015
Table 6: Brazil Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015
Table 7: Brazil Life and Non Life Insurance Density, Premium per Capita, in USD, 2001-2015
Table 8: Brazil Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, 2001-2015
Table 9: Brazil Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in USD Million, 2009
Table 10: Brazil Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in USD Million, 2009
Table 11: Mexico Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015
Table 12: Mexico Life and Non Life Insurance Density, Premium per Capita, in USD, 2001-2015
Table 13: Mexico Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, 2001-2015
Table 14: Mexico Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in USD Million, 2008
Table 15: Mexico Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in USD Million, 2008
Table 16: Venezuela Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Insurance Premium Written, 2001-2015
Table 17: Venezuela Life and Non Life Insurance Density, Premium per Capita, in USD, 2001-2015
Table 18: Venezuela Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, 2001-2015
Table 19: Venezuela Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in USD Million, 2008
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