Non-Life Insurance in Argentina, Key Trends and Opportunities to 2019

Date: September 26, 2015
Pages: 111
Price:
US$ 1,450.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: NC3872E15B7EN
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Non-Life Insurance in Argentina, Key Trends and Opportunities to 2019
Synopsis

Timetric’s 'Non-Life Insurance in the Argentina, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Argentine non-life insurance segment, and a comparison of the Argentine insurance industry with regional counterparts.

It uses key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Argentina's economy and demographics, explains the various types of natural hazard and their impact on the Argentine insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in the Argentina, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Argentine non-life insurance segment, including:
  • The Argentine non-life insurance segment’s detailed outlook by product category
  • A comprehensive overview of Argentina's economy and demographics
  • A comparison of the Argentine insurance industry with regional counterparts
  • Detailed analysis of natural hazards and their impact on the Argentine insurance industry
  • The detailed competitive landscape in the non-life insurance segment in Argentina
  • Details of regulatory policy applicable to the Argentine insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Argentina:
  • It provides historical values for the Argentine non-life insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key categories in the Argentine non-life insurance segment, and market forecasts to 2019.
  • It profiles the top non-life insurance companies in Argentina, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Argentine non-life insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Argentine non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Argentine insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The Argentine non-life segment segment’s gross written premium grew at a review-period CAGR of 34.5%.
  • Property insurance was the largest category in the segment during the review period, in terms of gross written premium.
  • In May 2015, the government and the SSN signed an agreement to introduce a security index to promote risk related to the agricultural sector.
  • Argentine motor insurance posted a review-period CAGR of 33.9% in terms of gross written premium.
  • The non-life segment is fragmented, with the 10 leading insurers accounted for 41.9% of the segment’s gross written premium in 2014.
1 KEY FACTS AND HIGHLIGHTS

2 EXECUTIVE SUMMARY

3 ECONOMY AND DEMOGRAPHICS

4 SEGMENT OUTLOOK

4.1 Regional Comparison
4.2 Segment Indicators
  4.2.1 Gross written premium and penetration
  4.2.2 Policies
  4.2.3 Claims
  4.2.4 Profitability
  4.2.5 Assets and investments

5 OUTLOOK BY CATEGORY

5.1 Property Insurance
  5.1.1 Product overview
  5.1.2 Premium
  5.1.3 Policies
  5.1.4 Claims
  5.1.5 Profitability
5.2 Motor Insurance
  5.2.1 Product overview
  5.2.2 Premiums
  5.2.3 Policies
  5.2.4 Claims
  5.2.5 Profitability
5.3 Liability Insurance
  5.3.1 Product overview
  5.3.2 Premium
  5.3.3 Policies
  5.3.4 Claims
  5.3.5 Profitability
5.4 Marine, Aviation and Transit Insurance
  5.4.1 Product overview
  5.4.2 Premiums
  5.4.3 Policies
  5.4.4 Claims
  5.4.5 Profitability

6 DISTRIBUTION CHANNEL OUTLOOK

7 NATURAL HAZARDS

7.1 Flooding
7.2 Drought
7.3 Volcanic Activity
7.4 Landslide
7.5 Storms
7.6 Exposure

8 COMPETITIVE LANDSCAPE

8.1 Company Rankings
8.2 Comparison of the Top Five Insurers
  8.2.1 Gross written premium
8.3 Company Profiles
  8.3.1 Federacion Patronal Seguros SA
  8.3.2 Caja de Seguros SA
  8.3.3 Prevención Aseguradora de Riesgos del Trabajo SA
  8.3.4 Sancor Cooperativa de Seguros Ltd
  8.3.5 Provincia ART

9 GOVERNANCE, RISK AND COMPLIANCE

9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulations
9.3 Legislation and Market Practice by Type of Insurance
  9.3.1 Life insurance
  9.3.2 Property insurance
  9.3.3 Motor insurance
  9.3.4 Liability insurance
  9.3.5 Marine, aviation and transit insurance
  9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
  9.4.1 Motor third-party liability insurance
  9.4.2 Social security system
  9.4.3 Civil liability insurance for passenger transport vehicles
9.5 Supervision and Control
  9.5.1 International Association of Insurance Supervisors
  9.5.2 Association of Insurance Supervisors Latin America
  9.5.3 Superintendence of Insurance (SSN)
  9.5.4 Asociacion de Administradores de Riesgos de la Republica Argentina (ADARA)
  9.5.5 Asociación Argentina de Compañías de Seguros (AACS)
9.6 Non-Admitted Insurance Regulations
  9.6.1 Overview
  9.6.2 Intermediaries
  9.6.3 Market practices
  9.6.4 Fines and penalties
9.7 Company Registration and Operations
  9.7.1 Types of insurance organization
  9.7.2 Establishing a local company
  9.7.3 Foreign ownership
  9.7.4 Types of license
  9.7.5 Capital requirements
  9.7.6 Solvency margins
  9.7.7 Reserve requirements
  9.7.8 Investment regulations
  9.7.9 Statutory return requirements
  9.7.10 Fee structure
9.8 Taxation
  9.8.1 Insurance premium or policy taxation
  9.8.2 Withholding taxes on premium paid overseas
  9.8.3 Corporate tax
  9.8.4 VAT
  9.8.5 Captives
9.9 Legal System
  9.9.1 Introduction
  9.9.2 Access to court
  9.9.3 Alternative dispute resolution (ADR)

10 DATABOOK

10.1 Policies and Premium

11 DEFINITIONS AND METHODOLOGY

11.1 Definitions
11.2 Methodology

12 ABOUT TIMETRIC

12.1 Contact Timetric
12.2 About Timetric
12.3 Timetric’s Services
12.4 Disclaimer

LIST OF TABLES

Table 1: Argentine Non-Life Insurance – Key Facts, 2014
Table 2: Argentine Non-Life Insurance – Leading Insurers’ Segment Shares, 2014
Table 3: Argentine Government Credit Ratings
Table 4: Argentine Non-Life Insurance – Gross Written Premium (ARS Billion and US$ Billion), 2010–2014
Table 5: Argentine Non-Life Insurance – Penetration (%), 2010–2014
Table 6: Argentine Non-Life Insurance – Gross Written Premium (ARS Billion and US$ Billion), 2014–2019
Table 7: Argentine Non-Life Insurance – Penetration (%), 2014–2019
Table 8: Argentine Non-Life Insurance – Premium per Capita (ARS and US$), 2010–2014
Table 9: Argentine Non-Life Insurance – Premium per Capita (ARS and US$), 2014–2019
Table 10: Argentine Non-Life Insurance – Number of Policies Sold (Thousand), 2010–2014
Table 11: Argentine Non-Life Insurance – Number of Policies Sold (Thousand), 2014–2019
Table 12: Argentine Non-Life Insurance – Paid Claims (ARS Billion and US$ Billion), 2010–2014
Table 13: Argentine Non-Life Insurance – Paid Claims (ARS Billion and US$ Billion), 2014–2019
Table 14: Argentine Non-Life Insurance – Profitability Ratio (%), 2010–2014
Table 15: Argentine Non-Life Insurance – Profitability Ratio (%), 2014–2019
Table 16: Argentine Non-Life Insurance – Total Assets (ARS Billion and US$ Billion), 2010–2014
Table 17: Argentine Non-Life Insurance – Total Assets (ARS Billion and US$ Billion), 2014–2019
Table 18: Argentine Non-Life Insurance – Total Investment Income (ARS Billion and US$ Billion), 2010–2014
Table 19: Argentine Non-Life Insurance – Total Investment Income (ARS Billion and US$ Billion), 2014–2019
Table 20: Argentine Non-Life Insurance – Investment Portfolio (ARS Billion), 2010–2014
Table 21: Argentine Non-Life Insurance – Investment Portfolio (ARS Billion), 2014–2019
Table 22: Argentine Non-Life Insurance – Gross Written Premium by Category (ARS Million), 2010–2014
Table 23: Argentine Non-Life Insurance – Gross Written Premium by Category (ARS Million), 2014–2019
Table 24: Argentine Property Insurance – Gross Written Premium by Sub-Category (ARS Million), 2010–2014
Table 25: Argentine Property Insurance – Gross Written Premium by Sub-Category (ARS Million), 2014–2019
Table 26: Argentine Property Insurance – Number of Policies Sold (Thousand) by Sub-Category, 2010–2014
Table 27: Argentine Property Insurance – Number of Policies Sold (Thousand) by Sub-Category, 2014–2019
Table 28: Argentine Property Insurance – Paid Claims (ARS Billion), 2010–2014
Table 29: Argentine Property Insurance – Paid Claims (ARS Billion), 2014–2019
Table 30: Argentine Property Insurance – Loss Ratio (%), 2010–2014
Table 31: Argentine Property Insurance – Loss Ratio (%), 2014–2019
Table 32: Argentine Non-Life Insurance – Motor Insurance Gross Written Premium (ARS Billion), 2010–2014
Table 33: Argentine Non-Life Insurance – Motor Insurance Gross Written Premium (ARS Billion), 2014–2019
Table 34: Argentine Non-Life Insurance – Motor Insurance Number of Policies Sold (Thousand), 2010–2014
Table 35: Argentine Non-Life Insurance – Motor Insurance Number of Policies Sold (Thousand), 2014–2019
Table 36: Argentine Non-Life Insurance – Motor Insurance Paid Claims (ARS Billion), 2010–2014
Table 37: Argentine Non-Life Insurance – Motor Insurance Paid Claims (ARS Billion), 2014–2019
Table 38: Argentine Motor Insurance – Loss Ratio (%), 2010–2014
Table 39: Argentine Motor Insurance – Loss Ratio (%), 2014–2019
Table 40: Argentine Liability Insurance – Gross Written Premium (ARS Million), 2010–2014
Table 41: Argentine Liability Insurance – Gross Written Premium (ARS Million), 2014–2019
Table 42: Argentine Liability Insurance – Number of Policies Sold (Thousand), 2010–2014
Table 43: Argentine Liability Insurance – Number of Policies Sold (Thousand), 2014–2019
Table 44: Argentine Liability Insurance – Paid Claims (ARS Million), 2010–2014
Table 45: Argentine Liability Insurance – Paid Claims (ARS Million), 2014–2019
Table 46: Argentine Liability Insurance – Loss Ratio (%), 2010–2014
Table 47: Argentine Liability Insurance – Loss Ratio (%), 2014–2019
Table 48: Argentine Marine, Aviation and Transit Insurance – Gross Written Premium (ARS Million), 2010–2014
Table 49: Argentine Marine, Aviation and Transit Insurance – Gross Written Premium (ARS Million), 2014–2019
Table 50: Argentine Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2010–2014
Table 51: Argentine Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2014–2019
Table 52: Argentine Marine, Aviation and Transit Insurance – Paid Claims (ARS Million), 2010–2014
Table 53: Argentine Marine, Aviation and Transit Insurance – Paid Claims (ARS Million), 2014–2019
Table 54: Argentine Marine, Aviation and Transit Insurance – Loss Ratio (%), 2010–2014
Table 55: Argentine Marine, Aviation and Transit Insurance – Loss Ratio (%), 2014–2019
Table 56: Argentine Average Annual Loss by Hazard (Thousand), 1990–2014
Table 57: Shares of Top Non-Life Insurers in Argentina (%), 2014
Table 58: Federacion Patronal Seguros SA – Key Facts
Table 59: Federacion Patronal Seguros SA – Key Financials (ARS Million), 2010–2014
Table 60: Caja de Seguros SA – Key Facts
Table 61: Caja de Seguros SA – Key Financials (ARS Million), 2010–2014
Table 62: Prevención Aseguradora de Riesgos del Trabajo SA – Key Facts
Table 63: Prevención Aseguradora de Riesgos del Trabajo SA – Key Financials (ARS Million), 2010–2014
Table 64: Sancor Cooperativa de Seguros Ltd – Key Facts
Table 65: Sancor Cooperativa de Seguros Ltd – Key Financials (ARS Million), 2010–2014
Table 66: Provincia ART – Key Facts
Table 67: Provincia ART – Key Financials (ARS Million), 2010–2014
Table 68: Argentina – Insurance Regulatory Framework Key Features
Table 69: Argentina – Life Insurance Regulatory Framework
Table 70: Argentina – Property Insurance Regulatory Framework
Table 71: Argentina – Motor Insurance Regulatory Framework
Table 72: Argentina – Liability Insurance Regulatory Framework
Table 73: Argentina – Corporate Taxes for the Financial Year 2015
Table 74: Argentine Insurance Industry – Policies and Premium, 2010–2014
Table 75: Argentine Insurance Industry – Policies and Premium, 2014–2019
Table 76: Argentine Non-Life Insurance – Whole Market, Policies and Premium, 2010–2014
Table 77: Argentine Non-Life Insurance – Whole Market, Policies and Premium, 2014–2019
Table 78: Argentine Non-Life Insurance – Policies and Premium by Property Insurance, 2010–2014
Table 79: Argentine Non-Life Insurance – Policies and Premium by Property Insurance, 2014–2019
Table 80: Argentine Non-Life Insurance – Policies and Premium by Motor Insurance, 2010–2014
Table 81: Argentine Non-Life Insurance – Policies and Premium by Motor Insurance, 2014–2019
Table 82: Argentine Non-Life Insurance – Policies and Premium by Liability Insurance, 2010–2014
Table 83: Argentine Non-Life Insurance – Policies and Premium by Liability Insurance, 2014–2019
Table 84: Argentine Non-Life Insurance – Policies and Premium by Marine, Aviation and Transit Insurance, 2010–2014
Table 85: Argentine Non-Life Insurance – Policies and Premium by Marine, Aviation and Transit Insurance, 2014–2019
Table 86: Argentine Non-Life Insurance – Gross Written Premium by Sub-Category (ARS Million), 2010–2014
Table 87: Argentine Non-Life Insurance – Gross Written Premium by Sub-Category (ARS Million), 2014–2019
Table 88: Argentine Non-Life Insurance – Direct Written Premium by Sub-Category (ARS Million), 2010–2014
Table 89: Argentine Non-Life Insurance – Direct Written Premium by Sub-Category (ARS Million), 2014–2019
Table 90: Argentine Non-Life Insurance – Penetration by Sub-Category (%), 2010–2014
Table 91: Argentine Non-Life Insurance – Penetration by Sub-Category (%), 2014–2019
Table 92: Argentine Non-Life Insurance – Number of Active Policies by Sub-Category (Thousand), 2010–2014
Table 93: Argentine Non-Life Insurance – Number of Active Policies by Sub-Category (Thousand), 2014–2019
Table 94: Insurance Industry Definitions

LIST OF FIGURES

Figure 1: Argentine Real GDP, 2010–2019
Figure 2: Argentine ARS/US$ Exchange Rate, 2010–2019
Figure 3: Argentine Consumer Price Inflation, 2010–2019
Figure 4: Argentine Current Account Balance, 2010–2014
Figure 5: Argentine Unemployment Rate, 2010–2019
Figure 6: Argentine Population by Age Group, 1990–2025
Figure 7: Argentine Non-Life Insurance Penetration – Regional Comparison (%), 2014
Figure 8: Argentine Insurance Segments Direct Written Premium Share – Regional Comparison (%), 2014
Figure 9: Argentine Non-Life Insurance – Gross Written Premium (ARS Billion), 2010–2019
Figure 10: Argentine Non-Life Insurance – Penetration (%), 2010–2019
Figure 11: Argentine Non-Life Insurance – Premium per Capita (ARS), 2010–2019
Figure 12: Argentine Non-Life Insurance – Number of Policies Sold (Thousand), 2010–2019
Figure 13: Argentine Non-Life Insurance – Paid Claims (ARS Billion), 2010–2019
Figure 14: Argentine Non-Life Insurance – Profitability Ratio (%), 2010–2019
Figure 15: Argentine Non-Life Insurance – Total Assets (ARS Billion), 2010–2019
Figure 16: Argentine Non-Life Insurance – Total Investment Income (ARS Billion), 2010–2019
Figure 17: Argentine Non-Life Insurance – Investment Portfolio (ARS Billion), 2010–2019
Figure 18: Argentine Non-Life Insurance – Investment Portfolio Dynamics by Category, 2010–2019
Figure 19: Argentine Non-Life Insurance – Gross Written Premium by Category (ARS Million), 2010–2019
Figure 20: Argentine Non-Life Insurance – Gross Written Premium Dynamics by Category, 2010–2019
Figure 21: Argentine Property Insurance – Gross Written Premium by Sub-Category (ARS Million), 2010–2019
Figure 22: Argentine Property Insurance – Gross Written Premium Dynamics by Sub-Category, 2010–2019
Figure 23: Argentine Property Insurance – Number of Policies Sold by Sub-Category (Thousand), 2010–2019
Figure 24: Argentine Property Insurance – Paid Claims (ARS Billion), 2010–2019
Figure 25: Argentine Property Insurance – Earned Premium, Incurred Loss and Loss Ratio (ARS Billion and %), 2010–2019
Figure 26: Total Number of Road Accident Deaths in Argentina (Thousand), 2010–2014
Figure 27: Argentine Non-Life Insurance – Motor Insurance Gross Written Premium (ARS Billion), 2010–2019
Figure 28: Argentine Non-Life Insurance – Motor Insurance Number of Policies Sold (Thousand), 2010–2019
Figure 29: Argentine Non-Life Insurance – Motor Insurance Paid Claims (ARS Billion), 2010–2019
Figure 30: Argentine Motor Insurance– Earned Premium, Incurred Loss and Loss Ratio (ARS Billion and %), 2010–2019
Figure 31: Argentine Liability Insurance – Gross Written Premium (ARS Million), 2010–2019
Figure 32: Argentine Liability Insurance – Number of Policies Sold (Thousand), 2010–2019
Figure 33: Argentine Liability Insurance – Paid Claims (ARS Million), 2010–2019
Figure 34: Argentine Liability Insurance – Earned Premium, Incurred Loss and Loss Ratio (ARS Million and %), 2010–2019
Figure 35: Argentine Marine, Aviation and Transit Insurance – Gross Written Premium (ARS Million), 2010–2019
Figure 36: Argentine Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2010–2019
Figure 37: Argentine Marine, Aviation and Transit Insurance – Paid Claims (ARS Million), 2010–2019
Figure 38: Argentine Marine, Aviation and Transit Insurance – Earned Premium, Incurred Loss and Loss Ratio (ARS Million and %), 2010–2019
Figure 39: Argentine – Frequency and Economic Damages of Natural Disasters by Type (%), 1990–2014
Figure 40: Shares of Top Non-Life Insurers in Argentina (%), 2014
Figure 41: Argentine Non-Life Insurance – Gross Written Premium Growth of Top Insurers Relative to Segment Overall (%), 2010–2014
Figure 42: Argentina – Insurance Supervision and Control at Various Levels
Figure 43: Argentina – Insurance Regulatory Frameworks for Company Registration and Operation
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