Mexico Insurance Report - Business Monitor International - Industry Reports

Mexico Insurance Report

Mexico Insurance Report - Business Monitor International - Industry Reports
Mexico Insurance Report
Published Oct 22, 2016
65 pages — Published Oct 22, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We anticipate life insurance premium growth to be on par with growth in the non-life insurance sector of Mexico. Growth in the life insurance sector will come from higher macroeconomic growth in the country, higher disposable income and a growing national discretionary spending power on the part of households and individuals. ...The Mexican life insurance market has plenty of growth potential due to rising household income and low coverage; --mn Mexicans were without life cover in ----, according to the Mexican Association of Insurance Institutions (AMIS). Life products are gaining in popularity, and some life insurance companies will be able to exploit growth opportunities through product innovation and marketing aimed at key demographics such as the emerging middle class and also potentially through microinsurance products. The strong rise in private health spending over the forecast period suggests that demand for health insurance riders will increase steadily. ...The strong rise in private health spending over the forecast period suggests that demand for health insurance riders will increase steadily. In Mexico, health insurance is normally considered to be part of the non-life segment, though some companies offer health insurance products in conjunction with life insurance products.

...Ongoing fluctuations in the USD/MXN exchange rate means that this will translate to a contraction of -.- in USD terms, a higher contraction than the -.- forecast previously. The Mexican life insurance market is set for solid growth from ----, but penetration and density levels will still remain low in spite of growth in household incomes. While per capita spending on life insurance is set to rise by around a third over the --------- period, as a percentage of GDP gross premiums written will decline from -.- to -.- as the life sector trails overall economic growth. However, in US dollar terms, growth rates will be far stronger than those measures in Mexican pesos as the local currency strengthens ...While per capita spending on life insurance is set to rise by around a third over the --------- period, as a percentage of GDP gross premiums written will decline from -.- to -.- as the life sector trails overall economic growth. However, in US dollar terms, growth rates will be far stronger than those measures in Mexican pesos as the local currency strengthens

...� Business Monitor International Ltd Page - SWOT Anal - Continued The number of users of insurance could be boosted by a sustained marketing campaign. Micro-insurance provides an area of opportunity to reach the low-income portion of Mexico s population. Financial market conditions primed for the Mexican insurers investment operations. Mexican government s National Infrastructure Plan will see state expenditure on infrastructure increase, creating opportunities for foreign insurance. Legislation to mandate vehicle insurance on federal highways could increase demand for auto insurance. ...

  
Source:
Document ID
1750-5704
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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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Mexico Insurance Report" Oct 22, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mexico-Insurance-Report-2026-388>
  
APA:
Business Monitor International - Industry Reports. (2016). Mexico Insurance Report Oct 22, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mexico-Insurance-Report-2026-388>
  
US$ 1,295.00
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