Argentina Insurance Report Q4 2016

Publisher Name :
Date: 14-Sep-2016
No. of pages: 61

BMI View: The Argentine economy has been facing significant headwinds over the past year due to

macroeconomic concerns, inflation and severe currency fluctuation. As a result of the government's

decision to float the peso in December 2015, the subsequent depreciation of the peso against major global

benchmark currencies distorts the premium outlook in 2016 significantly. BMI anticipates an acceleration

in real GDP growth from late 2016 onwards, although inflation will remain elevated and weigh on growth

in demand for insurance.

Greater access to US dollars and a more favourable business environment will prompt an uptick in

investment which will, from 2017, lead to a boost in demand. In the coming years, the peso will appreciate

gradually as foreign investment into the economy accelerates, which should support growth in premiums in

US dollar terms. The non-life segment will grow faster than life premiums due to high demand for motor

insurance lines and other personal covers. Nevertheless, the life market will benefit from a recovery in

incomes and a desire for alternative investment products that are more insulated from the volatility of the

markets.

Argentina Insurance Report Q4 2016

Table of Contents

BMI Industry View 7
Table: Headline Insurance Forecasts (Argentina 2013-2020) 7
SWOT 9
Insurance 9
Industry Forecast 11
Life Premiums Forecast 11
Table: Life Premiums (Argentina 2013-2020) 15
Table: Life Insurance Claims (Argentina 2008-2014) 16
Non-Life Premiums Forecast 16
Table: Non-Life Premiums (Argentina 2013-2020) 19
Table: Non-Life Insurance Claims (Argentina 2009-2014) 21
Non-Life Sub-Sector Forecast 21
Table: Non-Life Insurance Premiums by Product Line (Argentina 2013-2020) 29
Insurance Risk/Reward Index 31
Latin America Insurance Risk/Reward Index 31
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q416 32
Market Overview 33
Life Market Overview 33
The Product Offering 33
The Competitive Landscape 33
Table: Argentina Life Insurance market Shares, 2015, USDmn 35
Non-Life Market Overview 35
The Product Offering 36
The Competitive Landscape 36
Table: Non-Life Market Share, USDmn, 2012-2015 36
Company Profile 40
Grupo La Caja 40
Grupo Sancor Seguros 43
MAPFRE Argentina 46
QBE Insurance Group 48
Zurich Argentina 51
Table: Financial Results: USDmn 53
Table: Consolidated Income Statements (USDmn) 53
Methodology 55
Industry Forecast Methodology 55
Risk/Reward Index Methodology 58
Table: Indicators 60
Table: Weighting of Indicators 61

List of Tables

Table: Headline Insurance Forecasts (Argentina 2013-2020)
Table: Life Premiums (Argentina 2013-2020)
Table: Life Insurance Claims (Argentina 2008-2014)
Table: Non-Life Premiums (Argentina 2013-2020)
Table: Non-Life Insurance Claims (Argentina 2009-2014)
Table: Non-Life Insurance Premiums by Product Line (Argentina 2013-2020)
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q416
Table: Argentina Life Insurance market Shares, 2015, USDmn
Table: Non-Life Market Share, USDmn, 2012-2015
Table: Financial Results: USDmn
Table: Consolidated Income Statements (USDmn)
Table: Indicators
Table: Weighting of Indicators
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