Argentina Insurance Report - Business Monitor International - Industry Reports

Argentina Insurance Report

Argentina Insurance Report - Business Monitor International - Industry Reports
Argentina Insurance Report
Published Sep 10, 2016
61 pages — Published Sep 10, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

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 ----, the subsequent depreciation of the peso against major global benchmark currencies distorts the premium outlook in ---- significantly. ...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 ----, the subsequent depreciation of the peso against major global benchmark currencies distorts the premium outlook in ---- significantly. BMI anticipates an acceleration in real GDP growth from late ---- onwards, although inflation will remain elevated and weigh on growth in demand for insurance. ...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. Table: Headline Insurance Forecasts (Argentina ---------) ---- ---- ---- ----f ----f ----f ----f ----f Gross life premiums written, ARSbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.-- Gross life premiums written, ARS, y-o-y --.- --.- --.- --.- --.- --.- --.- --.- Gross life premiums written, USDbn -.-- -.-- -.-- -.-- -.-- -.-- -.-- -.-- Gross life premiums written, USD, y-o-y -.- --.- --.- ---.- --.- --.- --.- --.- Gross non-life premiums written, ARSbn --.-- --.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- Gross non-life premiums written, ARS, y-o-y --.- --.- --.- --.- --.- --.- --.- --.- Gross non-life premiums written, USDbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.--

...Regulatory changes and a better sovereign environment for the country as a whole are likely to benefit the insurance sector. Changes included the lifting of restrictions on the amount of foreign currency assets insurers could hold and the scrapping of rules mandating companies to allocate a portion of their investments in securities to support infrastructure developments and small and midsize enterprises. ...Regulatory changes and a better sovereign environment for the country as a whole are likely to benefit the insurance sector. Changes included the lifting of restrictions on the amount of foreign currency assets insurers could hold and the scrapping of rules mandating companies to allocate a portion of their investments in securities to support infrastructure developments and small and midsize enterprises. Under the scheme, life and retirement insurance had the highest ratios, and thus the policy was of particular concern to the industry with some expressing concern over the negative effects on the solvency of insurance companies. ...This change has triggered positive changes in rating outlooks for Argentinean insurers. However, the sector will be affected, at least in the short term, by high inflation and the depreciation of the peso.

...BMI View: We retain our positive outlook for the Argentine life insurance sector over the course of our forecast period, out to ----. BMI believes recent regulatory changes will benefit the insurance sector, improving asset quality by removing requirements for investing a quota of investment for infrastructure developments and small- and medium-size enterprises. ...

  
Source:
Document ID
1750-5607
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Argentina Insurance Report" Sep 10, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Argentina-Insurance-Report-2026-386>
  
APA:
Business Monitor International - Industry Reports. (2016). Argentina Insurance Report Sep 10, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Argentina-Insurance-Report-2026-386>
  
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