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Life insurance was the largest segment in the Mexican insurance industry in 2013, accounting for 46.2% of the industrys gross written premiums. Led by sustained economic growth and favorable demographics, the segment expanded at a review-period CAGR of 11.2%. Growth in the segment is primarily led by strong demand for products with protection and savings components such as pension and endowment. For More Information Visit: http://goo.gl/H4qLVs
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JSB Market Research: Life Insurance in Mexico, Key Trends and Opportunities to 2018 f To buy this Report Visit http://www.jsbmarketresearch.com
Summary: Life insurance was the largest segment in the Mexican insurance industry in 2013, accounting for 46.2% of the industrys gross written premiums. Led by sustained economic growth and favorable demographics, the segment expanded at a review-period CAGR of 11.2%. Growth in the segment is primarily led by strong demand for products with protection and savings components such as pension and endowment. From the diverse range of life insurance products, pension and term-life categories registered the highest CAGRs of 24.9% and 12.4% respectively during the review period. f
Key Highlights: • After Brazil, Mexico has the second-largest economy in Latin America, and the fourth-highest GDP per capita after Chile, Brazil and Argentina. • The growth in the insurance industry during the review period was partly due to the robust regulatory environment, rising middle-class population and favorable demographic dividend. • Agencies were the most popular channel for distributing life insurance products in 2013, accounting for 33.7% of the new business written premium. • As of 2013, there were 48 life insurance companies operating in the life segment. Foreign companies dominated the segment, accounting for 60% of life insurance premiums in 2013. • A lack of proper insurance knowledge is acting as a hindrance for the growth of the Mexican life insurance industry. • To know more about this report click here – • http://www.jsbmarketresearch.com/finance-banking/r-Life-Insurance-in-Mexico-Key-Trends-and-Opportunities-to-2018-123758 f
Table of Contents: Life Insurance in Mexico, Key Trends and Opportunities to 2018 Scale and Penetration Total gross written premium Premium per capita Life insurance penetration f
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