Life Insurance in Ecuador, Key Trends and Opportunities to 2018
Table of Contents
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Ecuadorian Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009-2018
5 Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Life Insurance Growth Prospects by Category
5.6 Individual Whole Life Insurance
5.7 Group Life Insurance
5.8 Life Insurance Growth Prospects by Customer Segment
5.8.1 Individual single-premium insurance
5.8.2 Individual non-single-premium insurance
5.8.3 Group single-premium insurance
5.8.4 Group non-single-premium insurance
5.9 Life Insurance Growth Prospects by Non-Linked Insurance Business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-Commerce
6.5 Brokers
6.6 Other Channels
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Regulations by Type of Insurance
7.2.1 Life insurance regulations
7.2.2 Property insurance regulations
7.2.3 Motor insurance regulations
7.2.4 Marine, aviation and transit insurance regulations
7.2.5 Personal accident and health insurance regulations
7.3 Compulsory Insurance
7.3.1 Traffic accident insurance (SOAT)
7.3.2 General insurance under the Social Security Act
7.3.3 Aviation insurance
7.4 Supervision and Control
7.4.1 International Association of Insurance Supervisors
7.4.2 Association of Insurance Supervisors Latin America
7.4.3 Superintendency of Banks and Insurance
7.5 Non-Admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market practices
7.5.4 Fines and penalties
7.6 Company Registration and Operations
7.6.1 Types of insurance organization
7.6.2 Establishing a local company
7.6.3 Foreign ownership
7.6.4 Types of license
7.6.5 Capital requirements
7.6.6 Solvency margins
7.6.7 Reserve requirements
7.6.8 Investment regulations
7.6.9 Statutory return requirements
7.6.10 Fee structure
7.7 Taxation
7.7.1 Insurance premium or policy taxation
7.7.2 Withholding taxes on premium paid overseas
7.7.3 Corporate tax
7.7.4 VAT
7.7.5 Captives
7.8 Legal System
7.8.1 Introduction
7.8.2 Access to court
7.8.3 Alternative dispute resolution (ADR)
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Ecuadorian Life segment
8.3 Leading Life Insures - Product Portfolios
8.4 Seguros del Pichincha SA - Company Overview
8.4.1 Seguros del Pichincha SA - key facts
8.4.2 Seguros del Pichincha SA - key financials
8.5 Equivida SA - Company Overview
8.5.1 Equivida SA - key facts
8.5.2 Equivida SA - key financials
8.6 ACE Seguros SA - Company Overview
8.6.1 ACE Seguros SA - key facts
8.6.2 ACE Seguros SA - key financials
8.7 Pan American Life Insurance - Company Overview
8.7.1 Pan American Life Insurance - key facts
8.7.2 Pan American Life Insurance - key financials
8.8 Compañía de Seguros Ecuatoriano-Suiza SA - Company Overview
8.8.1 Compañía de Seguros Ecuatoriano-Suiza SA - key facts
8.8.2 Compañía de Seguros Ecuatoriano-Suiza SA - key financials
8.9 Seguros Sucre SA - Company Overview
8.9.1 Seguros Sucre SA - key facts
8.9.2 Seguros Sucre SA - key financials
8.1 Liberty Seguros SA - Company Overview
8.10.1 Liberty Seguros SA - key facts
8.10.2 Liberty Seguros SA - key financials
8.11 Colvida SA - Company Overview
8.11.1 Colvida SA - key facts
8.11.2 Colvida SA - key financials
8.12 Coopseguros del Ecuador SA - Company Overview
8.12.1 Coopseguros del Ecuador SA - key facts
8.12.2 Coopseguros del Ecuador SA - key financials
8.13 AIG Metropolitana Cia. de Seguros y Reaseguros SA - Company Overview
8.13.1 AIG Metropolitana Cia. de Seguros y Reaseguros SA - key facts
8.13.2 AIG Metropolitana Cia. de Seguros y Reaseguros SA - key financials
9 Appendix - 1
9.1 Business Confidence
9.1.1 Market capitalization trend - Quito Stock Exchange, Ecuador
9.2 Economic Performance
9.2.1 GDP at constant prices (US$)
9.2.2 GDP per capita at constant prices (US$)
9.2.3 GDP at current prices (US$)
9.2.4 GDP per capita at current prices (US$)
9.2.5 GDP by key sector
9.2.6 Agriculture net output at current prices (US$)
9.2.7 Manufacturing net output at current prices (US$)
9.2.8 Manufacturing net output at current prices as a percentage of GDP
9.2.9 Mining, manufacturing and utilities at current prices (US$)
9.2.10 Mining, manufacturing and utilities growth as a percentage of GDP
9.2.11 Construction net output at current prices (US$)
9.2.12 Construction net output at current prices as a percentage of GDP
9.2.13 Inflation rate
9.2.14 Merchandise exports growth
9.2.15 Merchandise imports growth
9.3 Infrastructure
9.3.1 Commercial vehicle exports - total value
9.3.2 Commercial vehicle imports - total value
9.3.3 Automotive exports - total value
9.3.4 Automotive imports - total value
9.3.5 Total internet subscribers
9.4 Labor Force
9.4.1 Labor force
9.4.2 Unemployment rate
9.5 Demographics
9.5.1 Household consumption expenditure (US$)
9.5.2 Total population
9.5.3 Urban and rural populations
9.5.4 Age distribution of the total population
9.5.5 Life expectancy
10 Appendix - 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric's Services
10.5 Disclaimer
List of Tables
Table 1: Ecuadorian Life Insurance - Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Ecuadorian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2009-2013
Table 4: Ecuadorian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2013-2018
Table 5: Ecuadorian Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018
Table 6: Ecuadorian Insurance Industry - Direct Written Premium by Segment (US$ Million), 2009-2013
Table 7: Ecuadorian Insurance Industry - Direct Written Premium by Segment (US$ Million), 2013-2018
Table 8: Ecuadorian Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018
Table 9: Ecuadorian Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
Table 10: Ecuadorian Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
Table 11: Ecuadorian Life Insurance - New Business Written Premium (US$ Million), 2009-2013
Table 12: Ecuadorian Life Insurance - New Business Written Premium (US$ Million), 2013-2018
Table 13: Ecuadorian Life Insurance - Earned Premium (US$ Million), 2009-2013
Table 14: Ecuadorian Life Insurance - Earned Premium (US$ Million), 2013-2018
Table 15: Ecuadorian Life Insurance - Sum Assured (US$ Billion), 2009-2013
Table 16: Ecuadorian Life Insurance - Sum Assured (US$ Billion), 2013-2018
Table 17: Ecuadorian Life Insurance - Paid Claims (US$ Million), 2009-2013
Table 18: Ecuadorian Life Insurance - Paid Claims (US$ Million), 2013-2018
Table 19: Ecuadorian Life Insurance - Incurred Loss (US$ Million), 2009-2013
Table 20: Ecuadorian Life Insurance - Incurred Loss (US$ Million), 2013-2018
Table 21: Ecuadorian Life Insurance - Loss Ratio (%), 2009-2013
Table 22: Ecuadorian Life Insurance - Loss Ratio (%), 2013-2018
Table 23: Ecuadorian Life Insurance - Commissions and Expenses (US$ Million), 2009-2013
Table 24: Ecuadorian Life Insurance - Commissions and Expenses (US$ Million), 2013-2018
Table 25: Ecuadorian Life Insurance - Combined Ratio (%), 2009-2013
Table 26: Ecuadorian Life Insurance - Combined Ratio (%), 2013-2018
Table 27: Ecuadorian Life Insurance - Fraud and Crime (US$ Million), 2009-2013
Table 28: Ecuadorian Life Insurance - Fraud and Crime (US$ Million), 2013-2018
Table 29: Ecuadorian Life Insurance - Total Assets (US$ Million), 2009-2013
Table 30: Ecuadorian Life Insurance - Total Assets (US$ Million), 2013-2018
Table 31: Ecuadorian Life Insurance - Total Investment Income (US$ Million), 2009-2013
Table 32: Ecuadorian Life Insurance - Total Investment Income (US$ Million), 2013-2018
Table 33: Ecuadorian Life Insurance - Retentions (US$ Million), 2009-2013
Table 34: Ecuadorian Life Insurance - Retentions (US$ Million), 2013-2018
Table 35: Ecuadorian Individual Whole Life Insurance - Gross Written Premium (US$ Million), 2009-2013
Table 36: Ecuadorian Individual Whole Life Insurance - Gross Written Premium (US$ Million), 2013-2018
Table 37: Ecuadorian Individual Whole Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
Table 38: Ecuadorian Individual Whole Life Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
Table 39: Ecuadorian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Table 40: Ecuadorian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Table 41: Ecuadorian Group Whole Life Insurance - Gross Written Premium (US$ Million), 2009-2013
Table 42: Ecuadorian Group Whole Life Insurance - Gross Written Premium (US$ Million), 2013-2018
Table 43: Ecuadorian Group Whole Life Insurance - Direct Written Premium (US$ Million), 2009-2013
Table 44: Ecuadorian Group Whole Life Insurance - Direct Written Premium (US$ Million), 2013-2018
Table 45: Ecuadorian Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Table 46: Ecuadorian Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Table 47: Ecuadorian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 48: Ecuadorian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 49: Ecuadorian Individual Single-Premium Insurance - Gross Written Premium (US$ Million), 2009-2013
Table 50: Ecuadorian Individual Single-Premium Insurance - Gross Written Premium (US$ Million), 2013-2018
Table 51: Ecuadorian Individual Single-Premium Insurance - Direct Written Premium (US$ Million), 2009-2013
Table 52: Ecuadorian Individual Single-Premium Insurance - Direct Written Premium (US$ Million), 2013-2018
Table 53: Ecuadorian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 54: Ecuadorian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 55: Ecuadorian Individual Non-Single-Premium Insurance - Gross Written Premium (US$ Million), 2009-2013
Table 56: Ecuadorian Individual Non-Single-Premium Insurance - Gross Written Premium (US$ Million), 2013-2018
Table 57: Ecuadorian Individual Non-Single-Premium Insurance - Direct Written Premium (US$ Million), 2009-2013
Table 58: Ecuadorian Individual Non-Single-Premium Insurance - Direct Written Premium (US$ Million), 2013-2018
Table 59: Ecuadorian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 60: Ecuadorian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 61: Ecuadorian Group Single-Premium Insurance - Gross Written Premium (US$ Million), 2009-2013
Table 62: Ecuadorian Group Single-Premium Insurance - Gross Written Premium (US$ Million), 2013-2018
Table 63: Ecuadorian Group Single-Premium Insurance - Direct Written Premium (US$ Million), 2009-2013
Table 64: Ecuadorian Group Single-Premium Insurance - Direct Written Premium (US$ Million), 2013-2018
Table 65: Ecuadorian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 66: Ecuadorian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 67: Ecuadorian Group Non-Single-Premium Insurance - Gross Written Premium (US$ Million), 2009-2013
Table 68: Ecuadorian Group Non-Single-Premium Insurance - Gross Written Premium (US$ Million), 2013-2018
Table 69: Ecuadorian Group Non-Single-Premium Insurance - Direct Written Premium (US$ Million), 2009-2013
Table 70: Ecuadorian Group Non-Single-Premium Insurance - Direct Written Premium (US$ Million), 2013-2018
Table 71: Ecuadorian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
Table 72: Ecuadorian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
Table 73: Ecuadorian Non-Linked Insurance Business - Gross Written Premium (US$ Million), 2009-2013
Table 74: Ecuadorian Non-Linked Insurance Business - Gross Written Premium (US$ Million), 2013-2018
Table 75: Ecuadorian Non-Linked Insurance Business - Direct Written Premium (US$ Million), 2009-2013
Table 76: Ecuadorian Non-Linked Insurance Business - Direct Written Premium (US$ Million), 2013-2018
Table 77: Ecuadorian Life Insurance - Direct Marketing Commission Paid (US$ Million), 2009-2013
Table 78: Ecuadorian Life Insurance - Direct Marketing Commission Paid (US$ Million), 2013-2018
Table 79: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Table 80: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2013-2018
Table 81: Ecuadorian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
Table 82: Ecuadorian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
Table 83: Ecuadorian Life Insurance - Number of Direct Marketing Distributors, 2009-2013
Table 84: Ecuadorian Life Insurance - Number of Direct Marketing Distributors, 2013-2018
Table 85: Ecuadorian Life Insurance - Bancassurance Commission Paid (US$ Million), 2009-2013
Table 86: Ecuadorian Life Insurance - Bancassurance Commission Paid (US$ Million), 2013-2018
Table 87: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Table 88: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2013-2018
Table 89: Ecuadorian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2009-2013
Table 90: Ecuadorian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018
Table 91: Ecuadorian Life Insurance - Number of Bancassurance Distributors, 2009-2013
Table 92: Ecuadorian Life Insurance - Number of Bancassurance Distributors, 2013-2018
Table 93: Ecuadorian Life Insurance - Commission Paid to Agencies (US$ Million), 2009-2013
Table 94: Ecuadorian Life Insurance - Commission Paid to Agencies (US$ Million), 2013-2018
Table 95: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Table 96: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2013-2018
Table 97: Ecuadorian Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013
Table 98: Ecuadorian Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018
Table 99: Ecuadorian Life Insurance - Number of Agencies, 2009-2013
Table 100: Ecuadorian Life Insurance - Number of Agencies, 2013-2018
Table 101: Ecuadorian Life Insurance - E-Commerce Commission Paid (US$ Million), 2009-2013
Table 102: Ecuadorian Life Insurance - E-Commerce Commission Paid (US$ Million), 2013-2018
Table 103: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Table 104: Ecuadorian Life Insurance - Gross Written Premium New Business (US$ Million), 2013-2018
Table 105: Ecuadorian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013
Table 106: Ecuadorian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018
Table 107: Ecuadorian Life Insurance - Number of E-Commerce Distributors, 2009-2013
Table 108: Ecuadorian Life Insurance - Number of E-Commerce Distributors, 2013-2018
Table 109: Ecuadorian Life Insurance - Commission Paid to Brokers (US$ Million), 2009-2013
Table 110: Ecuadorian Life Insurance - Commission Paid to Brokers (US$ Million), 2013-2018
Table 111: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Table 112: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2013-2018
Table 113: Ecuadorian Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013
Table 114: Ecuadorian Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018
Table 115: Ecuadorian Life Insurance - Number of Brokers, 2009-2013
Table 116: Ecuadorian Life Insurance - Number of Brokers, 2013-2018
Table 117: Ecuadorian Life Insurance - Commission Paid to Other Channels (US$ Million), 2009-2013
Table 118: Ecuadorian Life Insurance - Commission Paid to Other Channels (US$ Million), 2013-2018
Table 119: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Table 120: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2013-2018
Table 121: Ecuadorian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013
Table 122: Ecuadorian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018
Table 123: Ecuadorian Life Insurance - Number of Distributors in Other Channels, 2009-2013
Table 124: Ecuadorian Life Insurance - Number of Distributors in Other Channels, 2013-2018
Table 125: Ecuador - Life Insurance Regulatory Framework
Table 126: Ecuador - Property Insurance Regulatory Framework
Table 127: Ecuador - Motor Insurance Regulatory Framework
Table 128: Ecuador - Compensation Provided by the Insurer in the Event of Accident
Table 129: Ecuador - List of Companies Authorized to Offer SOAT
Table 130: Ecuador - Aviation Insurance Coverage
Table 131: Ecuador - Ratings Required for Registration of Reinsurance Business
Table 132: Ecuador - Minimum Capital Requirements (UVC and US$)
Table 133: Ecuador - Minimum Capital Requirements (US$)
Table 134: Ecuador - Taxes and Charges Levied on Insurance Premium
Table 135: Ecuador - Issuing Fees Charged to the Insured by Insurer Based on Value of Premiums
Table 136: Ecuador - Corporate Tax Rates in Ecuador for the Financial Year 2012-2013
Table 137: Shares of Key Insurers in the Ecuadorian Life Segment (%), 2013
Table 138: Seguros del Pichincha SA, Key Facts
Table 139: Seguros del Pichincha SA, Key Financials (US$ Million), 2009-2013
Table 140: Equivida SA, Key Facts
Table 141: Equivida SA, Key Financials (US$ Million), 2009-2013
Table 142: ACE Seguros SA, Key Facts
Table 143: ACE Seguros SA, Key Financials (US$ Million), 2009-2013
Table 144: Pan American Life Insurance, Key Facts
Table 145: Pan American Life Insurance, Key Financials (US$ Million), 2009-2013
Table 146: Compañía de Seguros Ecuatoriano-Suiza SA, Key Facts
Table 147: Compañía de Seguros Ecuatoriano-Suiza SA, Key Financials (US$ Million), 2009-2013
Table 148: Seguros Sucre SA, Key Facts
Table 149: Seguros Sucre SA, Key Financials (US$ Million), 2009-2013
Table 150: Liberty Seguros SA, Key Facts
Table 151: Liberty Seguros SA, Key Financials (US$ Million), 2009-2013
Table 152: Colvida SA, Key Facts
Table 153: Colvida SA, Key Financials (US$ Million), 2009-2013
Table 154: Coopseguros del Ecuador SA, Key Facts
Table 155: Coopseguros del Ecuador SA, Key Financials (US$ Million), 2009-2013
Table 156: AIG Metropolitana Cia. de Seguros y Reaseguros SA, Key Facts
Table 157: AIG Metropolitana Cia. de Seguros y Reaseguros SA, Key Financials (US$ Million), 2009-2013
List of Figures
Figure 1: Ecuadorian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2009-2018
Figure 2: Ecuadorian Insurance Industry - Gross Written Premium Dynamics by Segment (2009-2018)
Figure 3: Ecuadorian Insurance Industry - Direct Written Premium by Segment (US$ Million), 2009-2018
Figure 4: Ecuadorian Insurance Industry - Direct Written Premium Dynamics by Segment (2009-2018)
Figure 5: Ecuadorian Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2018
Figure 6: Ecuadorian Life Insurance - Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 7: Ecuadorian Life Insurance - Gross Written Premium Dynamics by Segment (2009-2018)
Figure 8: Ecuadorian Life Insurance - New Business Written Premium (US$ Million), 2009-2013
Figure 9: Ecuadorian Life Insurance - New Business Written Premium (US$ Million), 2013-2018
Figure 10: Ecuadorian Life Insurance - Earned Premium (US$ Million), 2009-2013
Figure 11: Ecuadorian Life Insurance - Earned Premium (US$ Million), 2013-2018
Figure 12: Ecuadorian Life Insurance - Sum Assured (US$ Billion), 2009-2013
Figure 13: Ecuadorian Life Insurance - Sum Assured (US$ Billion), 2013-2018
Figure 14: Ecuadorian Life Insurance - Paid Claims (US$ Million), 2009-2013
Figure 15: Ecuadorian Life Insurance - Paid Claims (US$ Million), 2013-2018
Figure 16: Ecuadorian Life Insurance - Incurred Loss (US$ Million), 2009-2013
Figure 17: Ecuadorian Life Insurance - Incurred Loss (US$ Million), 2013-2018
Figure 18: Ecuadorian Life Insurance - Loss Ratio (%), 2009-2013
Figure 19: Ecuadorian Life Insurance - Loss Ratio (%), 2013-2018
Figure 20: Ecuadorian Life Insurance - Commissions and Expenses (US$ Million), 2009-2013
Figure 21: Ecuadorian Life Insurance - Commissions and Expenses (US$ Million), 2013-2018
Figure 22: Ecuadorian Life Insurance - Combined Ratio (%), 2009-2013
Figure 23: Ecuadorian Life Insurance - Combined Ratio (%), 2013-2018
Figure 24: Ecuadorian Life Insurance - Fraud and Crimes (US$ Million), 2009-2013
Figure 25: Ecuadorian Life Insurance - Fraud and Crimes (US$ Million), 2013-2018
Figure 26: Ecuadorian Life Insurance - Total Assets (US$ Million), 2009-2013
Figure 27: Ecuadorian Life Insurance - Total Assets (US$ Million), 2013-2018
Figure 28: Ecuadorian Life Insurance - Total Investment Income (US$ Million), 2009-2013
Figure 29: Ecuadorian Life Insurance - Total Investment Income (US$ Million), 2013-2018
Figure 30: Ecuadorian Life Insurance - Retentions (US$ Million), 2009-2013
Figure 31: Ecuadorian Life Insurance - Retentions (US$ Million), 2013-2018
Figure 32: Ecuadorian Life Insurance - Investment Portfolio (US$ Million), 2009-2013
Figure 33: Ecuadorian Life Insurance - Investment Portfolio, 2009-2013
Figure 34: Ecuadorian Life Insurance - Penetration (%), 2009-2013
Figure 35: Ecuadorian Life Insurance - Density (Number of Policies per Capita), 2009-2013
Figure 36: Ecuadorian Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 37: Ecuadorian Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 38: Ecuadorian Life Insurance - Number of New Policies Sold (Thousand), 2009-2013
Figure 39: Ecuadorian Life Insurance - Number of New Policies Sold (Thousand), 2013-2018
Figure 40: Ecuadorian Life Insurance - Premium per Capita (US$), 2009-2013
Figure 41: Ecuadorian Individual Whole Life Insurance - Gross Written Premium (US$ Million), 2009-2013
Figure 42: Ecuadorian Individual Whole Life Insurance - Gross Written Premium (US$ Million), 2013-2018
Figure 43: Ecuadorian Individual Whole Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
Figure 44: Ecuadorian Individual Whole Life Insurance - Direct Written Premium (US$ Million), 2013-2018
Figure 45: Ecuadorian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 46: Ecuadorian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 47: Ecuadorian - Gross Written Premium (US$ Million), 2009-2013
Figure 48: Ecuadorian Group Whole Life Insurance - Gross Written Premium (US$ Million), 2013-2018
Figure 49: Ecuadorian Group Whole Life Insurance - Direct Written Premium (US$ Million), 2009-2013
Figure 50: Ecuadorian Group Whole Life Insurance - Direct Written Premium (US$ Million), 2013-2018
Figure 51: Ecuadorian Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 52: Ecuadorian Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 53: Ecuadorian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 54: Ecuadorian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 55: Ecuadorian Individual Single-Premium Insurance - Gross Written Premium (US$ Million), 2009-2013
Figure 56: Ecuadorian Individual Single-Premium Insurance - Gross Written Premium (US$ Million), 2013-2018
Figure 57: Ecuadorian Individual Single-Premium Insurance - Direct Written Premium (US$ Million), 2009-2013
Figure 58: Ecuadorian Individual Single-Premium Insurance - Direct Written Premium (US$ Million), 2013-2018
Figure 59: Ecuadorian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 60: Ecuadorian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 61: Ecuadorian Individual Non-Single-Premium Insurance - Gross Written Premium (US$ Million), 2009-2013
Figure 62: Ecuadorian Individual Non-Single-Premium Insurance - Gross Written Premium (US$ Million), 2013-2018
Figure 63: Ecuadorian Individual Non-Single-Premium Insurance - Direct Written Premium (US$ Million), 2009-2013
Figure 64: Ecuadorian Individual Non-Single-Premium Insurance - Direct Written Premium (US$ Million), 2013-2018
Figure 65: Ecuadorian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 66: Ecuadorian Group Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 67: Ecuadorian Group Single-Premium Insurance - Gross Written Premium (US$ Million), 2009-2013
Figure 68: Ecuadorian Group Single-Premium Insurance - Gross Written Premium (US$ Million), 2013-2018
Figure 69: Ecuadorian Group Single-Premium Insurance - Direct Written Premium (US$ Million), 2009-2013
Figure 70: Ecuadorian Group Single-Premium Insurance - Direct Written Premium (US$ Million), 2013-2018
Figure 71: Ecuadorian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 72: Ecuadorian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 73: Ecuadorian Group Non-Single-Premium Insurance - Gross Written Premium (US$ Million), 2009-2013
Figure 74: Ecuadorian Group Non-Single-Premium Insurance - Gross Written Premium (US$ Million), 2013-2018
Figure 75: Ecuadorian Group Non-Single-Premium Insurance - Direct Written Premium (US$ Million), 2009-2013
Figure 76: Ecuadorian Group Non-Single-Premium Insurance - Direct Written Premium (US$ Million), 2013-2018
Figure 77: Ecuadorian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
Figure 78: Ecuadorian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
Figure 79: Ecuadorian Non-Linked Insurance Business - Gross Written Premium (US$ Million), 2009-2013
Figure 80: Ecuadorian Non-Linked Insurance Business - Gross Written Premium (US$ Million), 2013-2018
Figure 81: Ecuadorian Non-Linked Insurance Business - Direct Written Premium (US$ Million), 2009-2013
Figure 82: Ecuadorian Non-Linked Insurance Business - Direct Written Premium (US$ Million), 2013-2018
Figure 83: Ecuadorian Life Insurance - New Business Gross Written Premium by Distribution Channel (Percentage Share), 2013 and 2018
Figure 84: Ecuadorian Life Insurance - Direct Marketing Commission Paid (US$ Million), 2009-2013
Figure 85: Ecuadorian Life Insurance - Direct Marketing Commission Paid (US$ Million), 2013-2018
Figure 86: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Figure 87: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2013-2018
Figure 88: Ecuadorian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
Figure 89: Ecuadorian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
Figure 90: Ecuadorian Life Insurance - Number of Direct Marketing Distributors, 2009-2013
Figure 91: Ecuadorian Life Insurance - Number of Direct Marketing Distributors, 2013-2018
Figure 92: Ecuadorian Life Insurance - Bancassurance Commission Paid (US$ Million), 2009-2013
Figure 93: Ecuadorian Life Insurance - Bancassurance Commission Paid (US$ Million), 2013-2018
Figure 94: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Figure 95: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2013-2018
Figure 96: Ecuadorian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2009-2013
Figure 97: Ecuadorian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018
Figure 98: Ecuadorian Life Insurance - Number of Bancassurance Distributors, 2009-2013
Figure 99: Ecuadorian Life Insurance - Number of Bancassurance Distributors, 2013-2018
Figure 100: Ecuadorian Life Insurance - Commission Paid to Agencies (US$ Million), 2009-2013
Figure 101: Ecuadorian Life Insurance - Commission Paid to Agencies (US$ Million), 2013-2018
Figure 102: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Figure 103: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2013-2018
Figure 104: Ecuadorian Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013
Figure 105: Ecuadorian Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018
Figure 106: Ecuadorian Life Insurance - Number of Agencies, 2009-2013
Figure 107: Ecuadorian Life Insurance - Number of Agencies, 2013-2018
Figure 108: Ecuadorian Life Insurance - E-Commerce Commission Paid (US$ Million), 2009-2013
Figure 109: Ecuadorian Life Insurance - E-Commerce Commission Paid (US$ Million), 2013-2018
Figure 110: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Figure 111: Ecuadorian Life Insurance - Gross Written Premium New Business (US$ Million), 2013-2018
Figure 112: Ecuadorian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013
Figure 113: Ecuadorian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018
Figure 114: Ecuadorian Life Insurance - Number of E-Commerce Distributors, 2009-2013
Figure 115: Ecuadorian Life Insurance - Number of E-Commerce Distributors, 2013-2018
Figure 116: Ecuadorian Life Insurance - Commission Paid to Brokers (US$ Million), 2009-2013
Figure 117: Ecuadorian Life Insurance - Commission Paid to Brokers (US$ Million), 2013-2018
Figure 118: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Figure 119: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2013-2018
Figure 120: Ecuadorian Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013
Figure 121: Ecuadorian Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018
Figure 122: Ecuadorian Life Insurance - Number of Brokers, 2009-2013
Figure 123: Ecuadorian Life Insurance - Number of Brokers, 2013-2018
Figure 124: Ecuadorian Life Insurance - Commission Paid to Other Channels (US$ Million), 2009-2013
Figure 125: Ecuadorian Life Insurance - Commission Paid to Other Channels (US$ Million), 2013-2018
Figure 126: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2009-2013
Figure 127: Ecuadorian Life Insurance - New Business Gross Written Premium (US$ Million), 2013-2018
Figure 128: Ecuadorian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013
Figure 129: Ecuadorian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018
Figure 130: Ecuadorian Life Insurance - Number of Distributors in Other Channels, 2009-2013
Figure 131: Ecuadorian Life Insurance - Number of Distributors in Other Channels, 2013-2018
Figure 132: Ecuador - Insurance Regulatory Framework
Figure 133: Ecuador - Insurance Supervision and Control at Various Levels
Figure 134: Ecuador - Insurance Regulatory Frameworks for Company Registration and Operation
Figure 135: Ecuador - Judiciary System
Figure 136: Shares of Key Insurers in the Ecuadorian Life Segment (%), 2013
Figure 137: Quito Stock Exchange Market Capitalization (US$ Billion), 2008-2012
Figure 138: Ecuadorian GDP at Constant Prices (US$ Billion), 2009-2013
Figure 139: Ecuadorian GDP Per Capita at Constant Prices (US$), 2009-2013
Figure 140: Ecuadorian GDP at Current Prices (US$ Billion), 2009-2013
Figure 141: Ecuadorian GDP Per Capita at Current Prices (US$), 2009-2013
Figure 142: Ecuadorian GDP by Key Sector (%), 2008 and 2012
Figure 143: Ecuadorian Agriculture Net Output at Current Prices (US$ Billion), 2008-2012
Figure 144: Ecuadorian Manufacturing Net Output at Current Prices (US$ Billion), 2008-2012
Figure 145: Ecuadorian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 146: Ecuadorian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008-2012
Figure 147: Ecuadorian Mining, Manufacturing and Utilities Growth as a Percentage of GDP, 2008-2012
Figure 148: Ecuadorian Construction Net Output at Current Prices (US$ Billion), 2008- 2012
Figure 149: Ecuadorian Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 150: Ecuadorian Inflation Rate (%), 2009–2013
Figure 151: Ecuadorian Merchandise Exports Growth (%), 2009–2012
Figure 152: Ecuadorian Merchandise Imports Growth (%), 2009–2012
Figure 153: Ecuadorian Commercial Vehicle Exports – Total Value (US$ Thousand), 2009–2013
Figure 154: Ecuadorian Commercial Vehicle Imports – Total Value (US$ Thousand), 2009–2013
Figure 155: Ecuadorian Automotive Exports – Total Value (US$ Thousand), 2009–2013
Figure 156: Ecuadorian Automotive Imports – Total Value (US$ Million), 2009–2013
Figure 157: Ecuadorian Internet Subscribers (Million), 2008–2012
Figure 158: Ecuadorian Size of Labor Force (Million), 2008–2012
Figure 159: Ecuadorian Unemployment Rate (%), 2009–2013
Figure 160: Ecuadorian Household Consumption Expenditure (US$ Billion), 2009–2013
Figure 161: Ecuadorian Total Population (Million), 2009–2013
Figure 162: Ecuadorian Urban and Rural Populations (%), 2009–2013
Figure 163: Ecuadorian Population Distribution by Age (%), 2009–2013
Figure 164: Ecuadorian Life Expectancy (Years), 2009–2013