Your SlideShare is downloading. ×
The Insurance Industry in Costa Rica, Key Trends and Opportunities to 2016
The Insurance Industry in Costa Rica, Key Trends and Opportunities to 2016
The Insurance Industry in Costa Rica, Key Trends and Opportunities to 2016
The Insurance Industry in Costa Rica, Key Trends and Opportunities to 2016
The Insurance Industry in Costa Rica, Key Trends and Opportunities to 2016
The Insurance Industry in Costa Rica, Key Trends and Opportunities to 2016
The Insurance Industry in Costa Rica, Key Trends and Opportunities to 2016
The Insurance Industry in Costa Rica, Key Trends and Opportunities to 2016
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

The Insurance Industry in Costa Rica, Key Trends and Opportunities to 2016

415

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
415
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. The Insurance Industry in Costa Rica, Key Trends andOpportunities to 2016Report Details:Published:December 2012No. of Pages: 114Price: Single User License – US$1950SynopsisThe report provides in depth industry analysis, information and insights into the insurance industryin Costa Rica, including:• The Costa Rican insurance industry’s growth prospects by insurance segments and sub-segments• The competitive landscape in the Costa Rican insurance industry• The current trends and drivers of the Costa Rican insurance industry• The challenges facing the Costa Rican insurance industry• The regulatory framework of the Costa Rican insurance industrySummaryUntil August 2008, Costa Rica was one of the few insurance industries in the world undergovernment control. In 2008, it was then de-monopolized, allowing several large global companiessuch as Mapfre, AIG and Pan American Life to gain entry to operate into the industry, leading toincreased competition. Newly-formed private companies (including local and foreign) are makingmajor developments within the industry. The privatization of the insurance industry benefitsconsumers by giving them more product choice. However, there are certain challenges toinvesting in the Costa Rican insurance industry. As it is a small industry, certain categories, suchas mandatory motor insurance are not completely open and regulations are still in adevelopmental phase. Nonetheless, the Costa Rican insurance industry is poised to grow,benefiting from expanding trade, growing investment and a relatively stable operationalenvironment.ScopeThis report provides a comprehensive analysis of the insurance industry in Costa Rica:• It provides historical values for the Costa Rican insurance industry for the report’s 2007–2011review period and forecast figures for the 2012–2016 forecast period• It offers a detailed analysis of the key segments and sub-segments in the Costa Rican insuranceindustry, along with forecasts until 2016
  • 2. • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio,commissions and expenses, combined ratio, total assets, total investment income and retentions• It profiles the top insurance companies in Costa Rica and outlines the key regulations affectingthemReasons To Buy• Make strategic business decisions using in depth historic and forecast industry data related tothe Costa Rican insurance industry and each segment within it• Understand the demand-side dynamics, key trends and growth opportunities within the CostaRican insurance industry• Assess the competitive dynamics in the Costa Rican insurance industry• Identify the growth opportunities and market dynamics within key segments• Gain insights into key regulations governing the Costa Rican insurance industry and its impacton companies and the industrys futureKey Highlights• Until August 2008, Costa Rica was one of the few insurance industries in the world undergovernment control.• In 2008, it was then de-monopolized, allowing several large global companies such as Mapfre,AIG and Pan American Life to gain entry to operate into the industry, leading to increasedcompetition.• Newly-formed private companies (including local and foreign) are making major developmentswithin the industry.• The privatization of the insurance industry benefits consumers by giving them more productchoice.• However, there are certain challenges to investing in the Costa Rican insurance industry.• As it is a small industry, certain categories, such as mandatory motor insurance are notcompletely open and regulations are still in a developmental phase.• Nonetheless, the Costa Rican insurance industry is poised to grow, benefiting from expandingtrade, growing investment and a relatively stable operational environment.Get your copy of this report @http://www.reportsnreports.com/reports/210059-the-insurance-industry-in-costa-rica-key-trends-and-opportunities-to-2016.htmlMajor points covered in Table of Contents of this report includeTable of Contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 The Costa Rican Insurance Industry Overview3.1 Insurance Industry
  • 3. 3.2 Key Industry Trends and Drivers3.3 Challenges3.4 Regulation4 Market Segmentation4.1 Life Insurance4.2 Non-Life Insurance4.2.1. Property Insurance4.2.2. Motor Insurance4.2.3. Liability Insurance4.2.4. Marine, Aviation and Transit Insurance4.3 Personal Accident and Health Insurance4.3.1. Personal Accident Insurance4.3.2. Health Insurance5 Competitive Landscape5.1 Overview5.2 Leading Companies – Insurance Sector5.2.1. Instituto Nacional De Seguros (INS) – company overview5.2.2. Seguros Del Magisterio – company overview5.2.3. Pan American Life Insurance de Costa Rica, S.A – company overview5.2.4. Assa Compañía de Seguros, S.A. – company overview5.2.5. Atlantic Southern Insurance Company, Sucursal en Costa Rica–company overview6 Macroeconomic Indicators6.1 GDP at Constant Prices (US dollar)6.2 GDP per Capita at Constant Prices (US dollar)6.3 GDP at Current Prices (US dollar)6.4 Construction Output (US dollar million)6.5 Construction Output as a Percentage of GDP6.6 Inflation Rate6.7 Exports as a Percentage of GDP6.8 Number of Air Passengers6.9 Healthcare Expenditure per Capita6.1 Healthcare Expenditure as a Percentage of GDP6.11 Employed Population6.12 Annual Disposable Income6.13 Annual Disposable Income per Capita6.14 Total Population7 Appendix7.1 Methodology7.2 Contact Us7.3 About Timetric7.4 Disclaimer
  • 4. List of TablesTable 1: Insurance Industry DefinitionsTable 2: Costa Rican Insurance Overall Written Premium by Segment (CRC Billion), 2007–2011Table 3: Costa Rican Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011Table 4: Costa Rican Insurance Overall Written Premium by Segment (CRC Billion), 2011–2016Table 5: Costa Rican Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016Table 6: Costa Rican Insurance Segmentation (% Share), 2007–2016Table 7: Costa Rican Life Insurance – Gross Written Premium (CRC Billion), 2007–2011Table 8: Costa Rican Life Insurance – Gross Written Premium (CRC Billion), 2011–2016Table 9: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2007–2011Table 10: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2011–2016Table 11: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2007–2011Table 12: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2011–2016Table 13: Costa Rican Life Insurance – Loss Ratio (%), 2007–2011Table 14: Costa Rican Life Insurance – Loss Ratio (%), 2011–2016Table 15: Costa Rican Life Insurance – Combined Ratio (%), 2007–2011Table 16: Costa Rican Life Insurance – Combined Ratio (%), 2011–2016Table 17: Costa Rican Life Insurance – Total Assets (CRC Billion), 2007–2011Table 18: Costa Rican Life Insurance – Total Assets (CRC Billion), 2011–2016Table 19: Costa Rican Life Insurance – Total Investment Income (CRC Billion), 2007–2011Table 20: Costa Rican Life Insurance – Total Investment Income (CRC Billion), 2011–2016Table 21: Costa Rican Life Insurance – Retentions (CRC Billion), 2007–2011Table 22: Costa Rican Life Insurance – Retentions (CRC Billion), 2011–2016Table 23: Cost Rican Non-Life Insurance Written Premium by Category (CRC Billion), 2007–2011Table 24: Cost Rican Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011Table 25: Cost Rican Non-Life Insurance Written Premium by Category (CRC Billion), 2011–2016Table 26: Cost Rican Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016Table 27: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2007–2011Table 28: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2011–2016Table 29: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2007–2011Table 30: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2011–2016Table 31: Costa Rican Non-Life Insurance – Loss Ratio (%), 2007–2011Table 32: Costa Rican Non-Life Insurance – Loss Ratio (%), 2011–2016Table 33: Costa Rican Non-Life Insurance – Combined Ratio (%), 2007–2011Table 34: Costa Rican Non-Life Insurance – Combined Ratio (%), 2011–2016Table 35: Costa Rican Non-Life Insurance – Total Assets (CRC Billion), 2007–2011Table 36: Cost Rican Non-Life Insurance – Total Assets (CRC Billion), 2011–2016Table 37: Costa Rican Non-Life Insurance – Total Investment Income (CRC Billion), 2007–2011Table 38: Cost Rican Non-Life Insurance – Total Investment Income (CRC Billion), 2011–2016Table 39: Cost Rican Non-Life Insurance – Retentions (CRC Billion), 2007–2011Table 40: Cost Rican Non-Life Insurance – Retentions (CRC Billion), 2011–2016
  • 5. Table 41: Costa Rican Property Insurance – Gross Written Premium (CRC Billion), 2007–2011Table 42: Costa Rican Property Insurance – Gross Written Premium (CRC Billion), 2011–2016Table 43: Costa Rican Motor Insurance – Gross Written Premium (CRC Billion), 2007–2011Table 44: Costa Rican Motor Insurance – Gross Written Premium (CRC Billion), 2011–2016Table 45: Costa Rican Liability Insurance – Gross Written Premium (CRC Billion), 2007–2011Table 46: Costa Rican Liability Insurance – Gross Written Premium (CRC Billion), 2011–2016Table 47: Costa Rican Marine, Aviation and Transit Insurance – Gross Written Premium (CRCBillion), 2007–2011Table 48: Costa Rican Marine, Aviation and Transit Insurance – Gross Written Premium (CRCBillion), 2011–2016Table 49: Costa Rican Personal Accident and Health Insurance Written Premium by Category(CRC Billion), 2007–2011Table 50: Costa Rican Personal Accident and Health Insurance Written Premium by Category(US$ Billion), 2007–2011Table 51: Costa Rican Personal Accident and Health Insurance Written Premium by Category(CRC Billion), 2011–2016Table 52: Costa Rican Personal Accident and Health Insurance Written Premium by Category(US$ Billion), 2011–2016Table 53: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2007–2011Table 54: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2011–2016Table 55: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2007–2011Table 56: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2011–2016Table 57: Costa Rican Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011Table 58: Costa Rican Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016Table 59: Costa Rican Personal Accident and Health Insurance – Combined Ratio (%),2007–2011Table 60: Costa Rican Personal Accident and Health Insurance – Combined Ratio (%),2011–2016Table 61: Costa Rican Personal Accident and Health Insurance – Total Assets (CRC Billion),2007–2011Table 62: Costa Rican Personal Accident and Health Insurance – Total Assets (CRC Billion),2011–2016Table 63: Costa Rican Personal Accident and Health Insurance – Total Investment Income (CRCBillion), 2007–2011Table 64: Costa Rican Personal Accident and Health Insurance – Total Investment Income (CRCBillion), 2011–2016Table 65: Costa Rican Personal Accident and Health Insurance – Retentions (CRC Billion),2007–2011Table 66: Costa Rican Personal Accident and Health Insurance – Retentions (CRC Billion),2011–2016Table 67: Costa Rican Personal Accident Insurance – Gross Written Premium (CRC Billion),2007–2011
  • 6. Table 68: Costa Rican Personal Accident Insurance – Gross Written Premium (CRC Billion),2011–2016Table 69: Costa Rican Health Insurance – Gross Written Premium (CRC Billion), 2007–2011Table 70: Costa Rican Health Insurance – Gross Written Premium (CRC Billion), 2011–2016Table 71: List of Costa Rican Insurance Companies as of September 2012Table 72: OP Instituto Nacional De Seguros (INS), Main ProductsTable 73: Instituto Nacional De Seguros (INS), Key EmployeesTable 74: Seguros Del Magisterio, Main ProductsTable 75: Seguros Del Magisterio, Key EmployeesTable 76: Pan American Life Insurance de Costa Rica, S.A, Main ProductsTable 77: Pan American Life Insurance de Costa Rica, S.A, Key EmployeesTable 78: Assa Compañía de Seguros, S.A, Main ProductsTable 79: Assa Compañía de Seguros, S.A, Key EmployeesTable 80: Atlantic Southern Insurance Company, S.A, Main ProductsTable 81: Atlantic Southern Insurance Company, S.A, Key EmployeesList of FiguresFigure 1: Costa Rican Insurance Overall Written Premium by Segment (CRC Billion), 2007–2016Figure 2: Costa Rican Insurance Industry Dynamics by Segment, 2007–2016Figure 3: Costa Rican Life Insurance – Gross Written Premium (CRC Billion), 2007–2011Figure 4: Costa Rican Life Insurance – Gross Written Premium (CRC Billion), 2011–2016Figure 5: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2007–2011Figure 6: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2011–2016Figure 7: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2007–2011Figure 8: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2011–2016Figure 9: Costa Rican Life Insurance – Loss Ratio (%), 2007–2011Figure 10: Costa Rican Life Insurance – Loss Ratio (%), 2011–2016Figure 11: Costa Rican Life Insurance – Combined Ratio (%), 2007–2011Figure 12: Costa Rican Life Insurance – Combined Ratio (%), 2011–2016Figure 13: Costa Rican Life Insurance – Total Assets (CRC Billion), 2007–2011Figure 14: Costa Rican Life Insurance – Total Assets (CRC Billion), 2011–2016Figure 15: Costa Rican Life Insurance – Total Investment Income (CRC Billion), 2007–2011Figure 16: Costa Rican Life Insurance – Total Investment Income (CRC Billion), 2011–2016Figure 17: Costa Rican Life Insurance – Retentions (CRC Billion), 2007–2011Figure 18: Costa Rican Life Insurance – Retentions (CRC Billion), 2011–2016Figure 19: Costa Rican Life Insurance Penetration (% of GDP), 2007–2011Figure 20: Costa Rican Life Insurance – Premium Per-capita (CRC), 2007–2011Figure 21: Cost Rican Non-Life Insurance Written Premium by Category (CRC Billion), 2007–2016Figure 22: Cost Rican Non-Life Insurance Written Premium by Category (% Share), 2011 and2016Figure 23: Cost Rican Non-Life Insurance Industry Dynamics by Category, 2007–2016Figure 24: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2007–2011
  • 7. Figure 25: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2011–2016Figure 26: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2007–2011Figure 27: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2011–2016Figure 28: Costa Rican Non-Life Insurance – Loss Ratio (%), 2007–2011Figure 29: Costa Rican Non-Life Insurance – Loss Ratio (%), 2011–2016Figure 30: Costa Rican Non-Life Insurance – Combined Ratio (%), 2007–2011Figure 31: Costa Rican Non-Life Insurance – Combined Ratio (%), 2011–2016Figure 32: Costa Rican Non-Life Insurance – Total Assets (CRC Billion), 2007–2011Figure 33: Cost Rican Non-Life Insurance – Total Assets (CRC Billion), 2011–2016Figure 34: Costa Rican Non-Life Insurance – Total Investment Income (CRC Billion), 2007–2011Figure 35: Cost Rican Non-Life Insurance – Total Investment Income (CRC Billion), 2011–2016Figure 36: Cost Rican Non-Life Insurance – Retentions (CRC Billion), 2007–2011Figure 37: Cost Rican Non-Life Insurance – Retentions (CRC Billion), 2011–2016Figure 38: Cost Rican Non-Life Insurance Penetration (% of GDP), 2007–2011Figure 39: Cost Rican Non-Life Insurance – Premium Per Capita (CRC), 2007–2011Figure 40: Costa Rican Property Insurance – Gross Written Premium (CRC Billion), 2007–2011Figure 41: Costa Rican Property Insurance – Gross Written Premium (CRC Billion), 2011–2016Figure 42: Costa Rican Motor Insurance – Gross Written Premium (CRC Billion), 2007–2011Figure 43: Costa Rican Motor Insurance – Gross Written Premium (CRC Billion), 2011–2016Figure 44: Costa Rican Liability Insurance – Gross Written Premium (CRC Billion), 2007–2011Figure 45: Costa Rican Liability Insurance – Gross Written Premium (CRC Billion), 2011–2016Figure 46: Costa Rican Marine, Aviation and Transit Insurance – Gross Written Premium (CRCBillion), 2007–2011Figure 47: Costa Rican Liability Insurance – Gross Written Premium (CRC Billion), 2011–2016Figure 48: Costa Rican Personal Accident and Health Insurance Written Premium by Category(CRC Billion), 2007–2016Figure 49: Costa Rican Personal Accident and Health Insurance Written Premium by Category (%Share), 2011 and 2016Figure 50: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2007–2011Figure 51: Costa Rican Life Insurance – Paid Claims (CRC Billion), 2011–2016Figure 52: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2007–2011Figure 53: Costa Rican Life Insurance – Incurred Loss (CRC Billion), 2011–2016Figure 54: Costa Rican Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011Figure 55: Costa Rican Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016Figure 56: Costa Rican Personal Accident and Health Insurance – Combined Ratio (%),2007–2011Figure 57: Costa Rican Personal Accident and Health Insurance – Combined Ratio (%),2011–2016Figure 58: Costa Rican Personal Accident and Health Insurance – Total Assets (CRC Billion),2007–2011Figure 59: Costa Rican Personal Accident and Health Insurance – Total Assets (CRC Billion),2011–2016
  • 8. Figure 60: Costa Rican Personal Accident and Health Insurance – Total Investment Income (CRCBillion), 2007–2011Figure 61: Costa Rican Personal Accident and Health Insurance – Total Investment Income (CRCBillion), 2011–2016Figure 62: Costa Rican Personal Accident and Health Insurance – Retentions (CRC Billion),2007–2011Figure 63: Costa Rican Personal Accident and Health Insurance – Retentions (CRC Billion),2011–2016Figure 64: Costa Rican Personal Accident and Health Insurance Penetration (% of GDP),2007–2011Figure 65: Costa Rican Personal Accident and Health Insurance – Premium Per Capita (CRC),2007–2011Figure 66: Costa Rican Personal Accident Insurance – Gross Written Premium (CRC Billion),2007–2011Figure 67: Costa Rican Personal Accident Insurance – Gross Written Premium (CRC Billion),2011–2016Figure 68: Costa Rican Health Insurance – Gross Written Premium (CRC Billion), 2007–2011Figure 69: Costa Rican Health Insurance – Gross Written Premium (CRC Billion), 2011–2016Figure 70: Costa Rican Insurance Industry Share in 2010 and 2011Figure 71: Costa Rican GDP at Constant Prices (US$ Billion), 2007–2011Figure 72: Costa Rican GDP Per Capita at Constant Prices (US$), 2007–2011Figure 73: Costa Rican GDP at Current Prices (US$ Billion), 2007–2011Figure 74: Costa Rican Construction Output (US$ million), 2007–2011Figure 75: Costa Rican Exports as a Percentage of GDP (%), 2007–2011Figure 76: Costa Rican Inflation Rate (%), 2007–2011Figure 77: Costa Rican Exports as a Percentage of GDP (%), 2007–2011Figure 78: Costa Rican Number of Air Passengers (000), 2007–2011Figure 79: Costa Rican Healthcare Expenditure Per Capita (US$), 2007–2011Figure 80: Costa Rican Exports as a Percentage of GDP (%), 2007–2011Figure 81: Costa Rican Employed Population (%), 2007–2011Figure 82: Costa Rican Annual Disposable Income (US$ Billion), 2007–2011Figure 83: Costa Rican Annual Disposable Income per Capita (US$), 2007–2011Figure 84: Costa Rican Total Population (Million), 2007–2011Contact: sales@reportsandreports.com for more information.

×