Personal accident and health insurance in argentina, key trends and opportunities to 2018

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In terms of gross written premium, the Argentine personal accident and health segment registered a healthy growth rate during the review period, despite high inflation, stock market fluctuations and an economic slowdown in 2012. The segment grew at review-period CAGR of 35.8%. Growth was partly attributed to increasing outbound travels, disposable incomes, rising healthcare expenditure and the growing awareness of the benefits of this insurance. These factors, coupled with the anticipated positive development of Argentine GDP, are expected to support the personal accident and health insurance segment over the forecast period. As such, the segment’s gross written premium is projected to increase at a forecast-period CAGR of 28.1%.

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Personal accident and health insurance in argentina, key trends and opportunities to 2018

  1. 1. Personal Accident and Health Insurance in Argentina, Key Trends and Opportunities to 2018 Synopsis The report provides in depth market analysis, information and insights into the Argentine personal accident and health insurance segment, including: The Argentine personal accident and health insurance segment’s growth prospects by insurance categories Key trends and drivers for the personal accident and health insurance segment The various distribution channels in the Argentine personal accident and health insurance segment The detailed competitive landscape in the personal accident and health insurance segment in Argentina Detailed regulatory policies of the Argentine insurance industry A description of the personal accident and health reinsurance segment in Argentina Porter's Five Forces analysis of the personal accident and health insurance segment A benchmarking section on the Argentine personal accident and health insurance segment in comparison with other countries in the Central and Latin American region Executive summary In terms of gross written premium, the Argentine personal accident and health segment registered a healthy growth rate during the review period, despite high inflation, stock market fluctuations and an economic slowdown in 2012. The segment grew at review-period CAGR of 35.8%. Growth was partly attributed to increasing outbound travels, disposable incomes, rising healthcare expenditure and the growing awareness of the benefits of this insurance. These factors, coupled with the anticipated positive development of Argentine GDP, are expected to support the personal accident and health insurance segment over the forecast period. As such, the segment’s gross written premium is projected to increase at a forecast-period CAGR of 28.1%. Scope This report provides a comprehensive analysis of the personal accident and health insurance segment in Argentina: It provides historical values for the Argentine personal accident and health insurance segment for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period. It offers a detailed analysis of the key sub-segments in Argentine personal accident and health insurance segment, along with market forecasts until 2018. 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 personal accident and health insurance products in Argentina. Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Argentina for the personal accident and health insurance segment. It provides a detailed analysis of the reinsurance segment in Argentina and its growth prospects. It profiles the top personal accident and health insurance companies in Argentina and outlines the key regulations affecting them. Reasons to buy Make strategic business decisions using in depth historic and forecast market data related to the Argentine personal accident and health insurance segment and each category within it Understand the demand-side dynamics, key market trends and growth opportunities within the Argentine personal accident and health insurance segment Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment Identify the growth opportunities and market dynamics within key product categories Gain insights into key regulations governing the Argentine insurance segment and its impact on companies and the market's future Key highlights In terms of gross written premium, the Argentine personal accident and health segment registered a healthy growth rate during the review period, despite high inflation, stock market fluctuations and an economic slowdown in 2012. Outbound tourism is flourishing in Argentina, as a result of the growing economy and high inflation rate, which limits the country’s expenditure. Changing lifestyle patterns and an improving public awareness of diseases has led to increased consumer expenditure on healthcare. Argentina suffers from a very high and unstable inflation rate, which has affected various sectors such as consumer goods and property. Argentina has one of the highest rates of road accident deaths in the Latin American region. The personal accident and health segment is highly competitive in the presence of both domestic and foreign companies. table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Regional Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 4 Personal Accident And Health Insurance Segment – Regional Benchmarking 4.1 Scale And Penetration 4.1.1 Total Market Gross Written Premium 4.1.2 Premium Per Capita 4.1.3 Personal Accident And Health Insurance Penetration (as A Percentage Of Gdp) 4.2 Growth 4.2.1 Gross Written Premium 4.2.2 Gross Written Premium Per Capita 4.3 Efficiency And Risk 4.3.1 Loss Ratio Personal Accident and Health Insurance in Argentina, Key Trends and Opportunities to 2018
  2. 2. 4.3.2 Incurred Losses Per Capita 4.3.3 Incurred Losses As A Percentage Of Gdp 4.4 Distribution Channels 4.4.1 Direct Marketing 4.4.2 Bancassurance 4.4.3 Agencies 5 Argentine Insurance Industry Attractiveness 5.1 Insurance Industry Size, 2009–2018 5.2 Key Industry Trends And Drivers 5.3 Challenges 5.4 Recent Market Developments 6 Personal Accident And Health Insurance Segment Outlook 6.1 Consumer Segmentation 6.2 Product And Marketing Strategies 6.3 Personal Accident And Health Insurance Growth Prospects By Category 6.3.1 Personal Accident 6.3.2 Travel Insurance 6.3.3 Health Insurance 7 Analysis By Distribution Channels 7.1 Direct Marketing 7.2 Bancassurance 7.3 Agencies 7.4 E-commerce 7.5 Brokers 7.6 Other Channels 8 Porter’s Five Forces Analysis – Argentine Personal Accident And Health Insurance 8.1 Bargaining Power Of Suppliers: Low To Medium 8.2 Bargaining Power Of Buyer: Medium 8.3 Barriers To Entry: Low 8.4 Intensity Of Rivalry: Medium 8.5 Threat Of Substitutes: Low 9 Reinsurance Growth Dynamics And Challenges 9.1 Reinsurance Segment Size, 2009–2018 9.2 Reinsurance Segment Size By Premium Ceded, 2009–2018 10 Governance, Risk And Compliance 10.1 Legislation Overview And Historical Evolution 10.2 Legislation And Market Practice By Type Of Insurance 10.2.1 Life Insurance 10.2.2 Property Insurance 10.2.3 Motor Insurance 10.2.4 Marine, Aviation And Transit Insurance 10.2.5 Personal Accident And Health Insurance 10.3 Compulsory Insurance 10.3.1 Social Security Scheme 10.3.2 Motor Third-party Liability Insurance 10.4 Supervision And Control 10.4.1 International Association Of Insurance Supervisors 10.4.2 Association Of Insurance Supervisors Latin America 10.4.3 Superintendence Of Insurance (ssn) 10.5 Non-admitted Insurance Regulations 10.5.1 Overview 10.5.2 Intermediaries 10.5.3 Market Practices 10.5.4 Fines And Penalties 10.6 Company Registration And Operations 10.6.1 Types Of Insurance Organization Personal Accident and Health Insurance in Argentina, Key Trends and Opportunities to 2018
  3. 3. 10.6.2 Establishing A Local Company 10.6.3 Foreign Ownership 10.6.4 Types Of License 10.6.5 Capital Requirements 10.6.6 Solvency Margins 10.6.7 Reserve Requirements 10.6.8 Investment Regulations 10.6.9 Statutory Return Requirements 10.6.10 Fee Structure 10.7 Taxation 10.7.1 Insurance Premium Or Policy Taxation 10.7.2 Withholding Taxes On Premium Paid Overseas 10.7.3 Corporate Tax 10.7.4 Vat 10.7.5 Captives 10.8 Legal System 10.8.1 Introduction 10.8.2 Access To Court 10.8.3 Alternative Dispute Resolution (adr) 11 Competitive Landscape And Strategic Insights 11.1 Overview 11.2 Meridional Seguros De Argentina – Company Overview 11.2.1 Meridional Seguros De Argentina – Key Facts 11.3 Alico Compania De Seguros Sa – Company Overview 11.3.1 Alico Compania De Seguros Sa – Key Facts 11.4 Ace Argentina – Company Overview 11.4.1 Ace Argentina – Key Facts 11.5 Metlife Seguros De Vida Sa – Company Overview 11.5.1 Metlife Seguros De Vida Sa – Key Facts 11.6 Hsbc Seguros De Vida Argentina Sa – Company Overview 11.6.1 Hsbc Seguros De Vida Argentina Sa – Key Facts 11.7 Santander Rio Seguros Sa – Company Overview 11.7.1 Santander Rio Seguros Sa – Key Facts 11.8 Bbva Consolidar Seguros Sa – Company Overview 11.8.1 Bbva Consolidar Seguros Sa – Key Facts 11.9 Cnp Assurances Compania De Seguros Sa – Company Overview 11.9.1 Cnp Assurances Compania De Seguros Sa – Key Facts 11.10 Mapfre Argentina Seguros De Vida Sa – Company Overview 11.10.1 Mapfre Argentina Seguros De Vida Sa – Key Facts 11.11 Origenes Seguros De Vida Sa – Company Overview 11.11.1 Origenes Seguros De Vida Sa – Key Facts 11.12 Caja De Seguros Sa – Company Overview 11.12.1 Caja De Seguros Sa – Key Facts 11.13 Nacion Seguros Sa – Company Overview 11.13.1 Nacion Seguros Sa – Key Facts 12 Business Environment And Country Risk 12.1 Business Confidence 12.1.1 Market Capitalization Trend – Buenos Aires Stock Exchange, Argentina 12.2 Economic Performance 12.2.1 Gdp At Current Prices (us$) 12.2.2 Gdp Per Capita At Current Prices (us$) 12.2.3 Gdp By Key Sector 12.2.4 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us$) 12.2.5 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp 12.2.6 Manufacturing Net Output At Current Prices (us$) 12.2.7 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 12.2.8 Mining, Manufacturing And Utilities At Current Prices (us$) 12.2.9 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp 12.2.10 Construction Net Output At Current Prices, (us$) 12.2.11 Construction Net Output At Current Prices As A Percentage Of Gdp 12.2.12 Inflation Rate 12.2.13 Exports As A Percentage Of Gdp 12.2.14 Imports As A Percentage Of Gdp 12.2.15 Merchandise Exports Growth Personal Accident and Health Insurance in Argentina, Key Trends and Opportunities to 2018
  4. 4. 12.2.16 Merchandise Imports Growth 12.2.17 Annual Average Exchange Rate Eur–us$ 12.3 Infrastructure 12.3.1 Commercial Vehicles Exports – Total Value 12.3.2 Commercial Vehicles Imports – Total Value 12.3.3 Automotive Exports – Total Value 12.3.4 Automotive Imports – Total Value 12.3.5 Total Internet Subscribers 12.4 Labor Force 12.4.1 Unemployment Rate 12.5 Demographics 12.5.1 Gross National Disposable Income (us$) 12.5.2 Total Population 12.5.3 Urban And Rural Populations 12.5.4 Age Distribution Of The Total Population 13 Appendix 13.1 Methodology 13.2 Contact Timetric 13.3 About Timetric 13.4 Timetric’s Services 13.5 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Personal Accident and Health Insurance in Argentina, Key Trends and Opportunities to 2018

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