[August 27, 2014]

Research and Markets: Non-Life Insurance in Mexico - Key Trends and Opportunities to 2018

Research and Markets (http://www.researchandmarkets.com/research/8jj47b/nonlife) has announced the addition of the "Non-Life Insurance in Mexico, Key Trends and Opportunities to 2018" report to their offering.

Mexico is the second-largest economy in Latin America after Brazil, and has the region's fourth-highest GDP per capita, after Chile, Brazil and Argentina. In 2009, the Mexican economy experienced a 19.3% decline in GDP at current prices due to the global financial crisis, which affected exports and foreign direct investment (FDI). Despite this, the industry expanded significantly during the review period (2009-2013), at a compound annual growth rate (CAGR) of 9.8% in terms of gross written premium. This growth was partly due to the robust regulatory environment and favorable demographic dividends, including the risig middle class population. The introduction of innovative insurance products, the expansion of microinsurance and foreign participation also contributed to this growth.

Key Highlights

• The Mexican manufacturing sector is expected to rise over the forecast period, mainly due to the manufacturing cost advantage when compared to China and other Asian countries. This is expected to boost the country's economy over the forecast period, and will also have a positive impact on the insurance industry.
• The Mexican insurance industry is the second largest in Latin America, accounting for approximately 14.5% of the region's total premiums.
• Despite having a well-established regulatory framework, the Mexican insurance regulatory body has not yet passed compulsory legislation for property owners.
• Mexico is one of the few countries in the world where motor insurance is not mandatory.
• The Mexican government and insurance legislator, CNSF, are both expected to introduce a new solvency framework over the forecast period.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Regional Market Dynamics

4 Non-Life Insurance Segment - Regional Benchmarking

5 Mexican Insurance Industry Attractiveness

6 Non-Life Insurance Outlook

7 Analysis by Distribution Channels

8 Porter's Five Forces Analysis - Mexico Non-Life Insurance

9 Reinsurance Growth Dynamics and Challenges

10 Governance, Risk and Compliance

11 Competitive Landscape and Strategic Insights

12 Business Environment and Country Risk

13 Appendix

For more information visit http://www.researchandmarkets.com/research/8jj47b/nonlife.

[ Back To TMCnet.com's Homepage ]