Home > > > > > Report Detail

Reinsurance in Mexico, Key Trends and Opportunities to 2019

Publisher Name :
Date: 22-Dec-2015
No. of pages: 72
Inquire Before Buying

Synopsis

Timetric's 'Reinsurance in Mexico, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Mexican reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010-2014) and forecast period (2014-2019).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Mexican economy and demographics, and provides detailed analysis of natural hazards and their impact on the Mexican insurance industry.

The report brings together Timetric's research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary

Timetric's 'Reinsurance in Mexico, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Mexican reinsurance segment, including:


  • The Mexican reinsurance segment's growth prospects by reinsurance ceded from direct insurance

  • A comprehensive overview of the Mexican economy and demographics

  • Detailed analysis of natural hazards and their impact on the Mexican insurance industry

  • The competitive landscape in the Mexican reinsurance segment


Scope

This report provides a comprehensive analysis of the reinsurance segment in Mexico:


  • It provides historical values for the Mexican reinsurance 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 Mexican reinsurance segment, and market forecasts to 2019.

  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Mexico, and the reinsurance segment's growth prospects.


Reasons To Buy


  • Make strategic business decisions using in-depth historic and forecast market data related to the Mexican reinsurance segment, and each category within it.

  • Understand the demand-side dynamics, key market trends and growth opportunities in the Mexican reinsurance segment.

  • Identify growth opportunities and market dynamics in key product categories.

  • Gain insights into key regulations governing the Mexican insurance industry, and their impact on companies and the industry's future.


Key Highlights


  • As the second-largest country in Latin America and a hub for the insurance industry, Mexico offers significant opportunities for reinsurers - especially foreign operators.

  • Growth in the segment was achieved partly as a result of Mexico's exposure to natural disasters, favorable risk-retention regulations, and large-scale government and corporate risk.

  • The Mexican government and the insurance legislator, Comisión Nacional de Seguros y Fianzas, are expected to introduce a new framework based on the risk-management principles of the European Union Solvency II program, which will be implemented by 2016.

  • In total, 25% of the country's population is exposed to other disasters such as floods, hurricanes and storms. Consequently, the demand for property and life cover will put pressure on life and non-life insurers to improve products and reduce prices.

Reinsurance in Mexico, Key Trends and Opportunities to 2019

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 Economy and Demographics

5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2010-2019
5.2 Reinsurance Segment Size by Premium Ceded, 2010-2019

6 Key Industry Drivers
6.1 Reinsurance Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers

7 Natural Hazards
7.1 Flooding
7.2 Cyclones and Storms
7.3 Earthquake and Landslides
7.4 Exposure

8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Mexican Reinsurance Segment
8.2.1 Mexico Istmo Reinsurance Company, SA de CV - company overview
8.2.2 Reaseguradora Patria SAB - company overview
8.2.3 RGA Mexico - company overview
8.2.4 Munich Re - company overview
8.2.5 Partner Re - company overview

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 Workers' compensation insurance
9.4.2 Motor third-party liability insurance
9.4.3 Social security system
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 Secretaria de Hacienda y Credito Publico
9.5.4 Comisión Nacional de Seguros y Fianzas
9.5.5 Association of Mexican Insurance Companies
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 tax on insurance premiums 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

10 Appendix
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric's Services
10.5 Disclaimer

List of Tables

Table 1: Mexican Reinsurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Mexican Government Credit Ratings
Table 4: Mexican Reinsurance - Premium Accepted (MXN Billion), 2010-2014
Table 5: Mexican Reinsurance - Premium Accepted (MXN Billion), 2014-2019
Table 6: Mexican Reinsurance - Premium Ceded by Type of Insurance (MXN Billion), 2010-2014
Table 7: Mexican Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2010-2014
Table 8: Mexican Reinsurance - Premium Ceded by Type of Insurance (MXN Billion), 2014-2019
Table 9: Mexican Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2014-2019
Table 10: Mexican Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 11: Mexican Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 12: Mexican Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 13: Mexican Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 14: Mexican Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 15: Mexican Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 16: Mexican Average Annual Loss by Hazard, 1990-2014
Table 17: Mexico Istmo Reinsurance Company, SA de CV - Key Facts
Table 18: Reaseguradora Patria SAB - Key Facts
Table 19: RGA Mexico - Key Facts
Table 20: Munich Re - Key Facts
Table 21: Partner Re - Key Facts
Table 22: Mexico - Insurance Regulatory Framework Key Features
Table 23: Mexico - Life Insurance Regulatory Framework
Table 24: Mexico - Property Insurance Regulatory Framework
Table 25: Mexico - Motor Insurance Regulatory Framework
Table 26: Mexico - Liability Insurance Regulatory Framework
Table 27: Mexico - Corporate Tax Rates for the Financial Year 2015

List of Figures

Figure 1: Mexican Real GDP (MXN Trillion), 2010-2019
Figure 2: MXN - US$ Exchange Rate, 2010-2019
Figure 3: Mexican Consumer Price Inflation, 2010-2019
Figure 4: Mexican Current Account Balance (MXN Billion), 2010-2014
Figure 5: Mexican Unemployment Rate, 2010-2019
Figure 6: Mexican Population by Age Group, 1991-2025
Figure 7: Mexican Reinsurance - Premium Accepted (MXN Billion), 2010-2014
Figure 8: Mexican Reinsurance - Premium Accepted (MXN Billion), 2014-2019
Figure 9: Mexican Reinsurance - Premium Ceded by Type of Insurance (MXN Billion), 2010-2019
Figure 10: Mexican Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2010-2019
Figure 11: Mexican Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 12: Mexican Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 13: Mexican Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 14: Mexican Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 15: Mexican Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 16: Mexican Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 17: Mexican Mortality (%) by Type of Natural Hazard, 1990-2014
Figure 18: Mexico - Insurance Supervision and Control at Various Levels
Figure 19: Mexico - Insurance Regulatory Frameworks for Company Registration and Operation

  • Global Reinsurance Market Growth (Status and Outlook) 2024-2030
    Published: 04-Jan-2024        Price: US 3660 Onwards        Pages: 147
    According to our LPI (LP Information) latest study, the global Reinsurance market size was valued at US$ 273770 million in 2023. With growing demand in downstream market, the Reinsurance is forecast to a readjusted size of US$ 309410 million by 2030 with a CAGR of 1.8% during review period. The research report highlights the growth potential of the global Reinsurance market. Reinsurance are expected to show stable growth in the future market. However, product differentiation, reducing co......
  • Global Reinsurance Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028
    Published: 17-Oct-2023        Price: US 3380 Onwards        Pages: 120
    Market Overview of Global Reinsurance market: According to our latest research, the global Reinsurance market looks promising in the next 5 years. As of 2022, the global Reinsurance market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years. This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Reinsurance market, with a systematica......
  • Global Reinsurance Market Insights: Impact of COVID-19 and Future Expectations to 2028
    Published: 28-Feb-2023        Price: US 3260 Onwards        Pages: 126
    Reinsurance is insurance that is purchased by an insurance company. In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used for tax mitigation and other reasons. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the re......
  • Reinsurance Market, Global Outlook and Forecast 2023-2029
    Published: 16-Jan-2023        Price: US 3250 Onwards        Pages: 113
    Reinsurance, also known as insurance for insurers or stop-loss insurance, is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party. The party that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the reinsurer. Reinsur......
  • Global Reinsurance Market Research Report 2023
    Published: 07-Jan-2023        Price: US 2900 Onwards        Pages: 115
    Reinsurance, also known as insurance for insurers or stop-loss insurance, is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party. The party that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the reinsurer. Reinsur......
  • Global Reinsurance Market Growth (Status and Outlook) 2023-2029
    Published: 06-Jan-2023        Price: US 3660 Onwards        Pages: 121
    Reinsurance, also known as insurance for insurers or stop-loss insurance, is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party. The party that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the reinsurer. Reinsur......
  • Global Reinsurance Market Research Report 2022 - Market Size, Current Insights and Development Trends
    Published: 20-Oct-2022        Price: US 3450 Onwards        Pages: 110
    The report focuses on the Reinsurance market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19. Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, cus......
  • Global Reinsurance Market Research Report 2022
    Published: 06-Sep-2022        Price: US 2900 Onwards        Pages: 112
    Reinsurance market is segmented by players, region (country), by Type and by Distribution Channel. Players, stakeholders, and other participants in the global Reinsurance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Distribution Channel for the period 2017-2028. Segment by Type - P&C Reinsurance - Life Reinsurance Segment by Distribution C......
  • 2022-2029 Global Reinsurance Professional Market Research Report, Analysis from Perspective of Segmentation (Competitor Landscape, Type, Application, and Geography)
    Published: 05-Apr-2022        Price: US 2980 Onwards        Pages: 105
    The Reinsurance market has witnessed growth from USD XX million to USD XX million from 2017 to 2022. With the CAGR of X.X%, this market is estimated to reach USD XX million in 2029. The report focuses on the Reinsurance market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain. Technological innovation and adv......
    • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs