Mexico's steady economic growth and growing awareness about the benefits of insurance products were the main growth drivers for the non-life insurance segment. More than 90% of the households in Mexico have no earthquake insurance.
Sales of property insurance products will also increase since more Mexicans are expected to purchase insurance in order to provide protection against frequent earthquakes, hurricanes and droughts that affect the country. Due to their popularity among insurance companies, agencies accounted for a share of 40.6% of the total non-life insurance written premium sales in 2011.
Report ScopeThis report provides a comprehensive analysis of the non-life insurance market in Mexico:
• It provides historical values for Mexico's non-life insurance market for the report's 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in Mexico's non-life insurance market, along with market forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
• It analyses the various distribution channels for non-life insurance products in Mexico
• Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Mexico for the non-life insurance business
• It provides a detailed analysis of the reinsurance market in Mexico and its growth prospects
• It profiles the top non-life insurance companies in Mexico and outlines the key regulations affecting them
Click for Report details:Non-Life Insurance in Mexico, Trends and Opportunities to 2016: Introduction of Solvency II Norms Will Lead to Market Consolidation