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Published: Oct, 2016 | Pages:
139 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)
Synopsis Timetric's 'Non-Life Insurance in Argentina Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Argentine non-life insurance segment, and a comparison of the Argentine insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Argentine economy and demographics, explains the various types of natural hazard and their impact on the Argentine insurance industry, and provides detailed information on the competitive landscape in the country. The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure. Summary Timetric's 'Non-Life Insurance in Argentina Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Argentine non-life insurance segment, including: • The Argentine non-life segment's detailed outlook by product category • A comprehensive overview of the Argentine economy and demographics • A comparison of the Argentine non-life insurance segment with its regional counterparts • The various distribution channels in the Argentine non-life insurance segment • Detailed analysis of natural hazards and their impact on the Argentine insurance industry • Details of the competitive landscape in the non-life insurance segment in Argentina • Details of regulatory policy applicable to the Argentine insurance industry Scope This report provides a comprehensive analysis of the non-life insurance segment in Argentina: • It provides historical values for the Argentine non-life insurance segment for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period. • It offers a detailed analysis of the key categories in the Argentine non-life insurance segment, and market forecasts to 2020. • It provides a comparison of the Argentine non-life insurance segment with its regional counterparts • It analyzes the various distribution channels for non-life insurance products in Argentina. • It analyzes various natural and man-made hazards and their impact on the Argentine insurance industry • It profiles the top non-life 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 non-life insurance segment, and each category within it. • Understand the demand-side dynamics, key market trends and growth opportunities in the Argentine non-life insurance segment. • Assess the competitive dynamics in the non-life insurance segment. • Identify growth opportunities and market dynamics in key product categories. • Gain insights into key regulations governing the Argentine insurance industry, and their impact on companies and the industry's future. Key Highlights • The Argentine non-life segment accounted for 80.2% of the industry's gross written premium in 2015. • In 2015, the non-life segment's penetration was 2.2%. • Argentina is a major exporter of agricultural products, and export earnings from agricultural products form a large part of its GDP. • The Argentine non-life segment is fragmented, with the 10 leading insurers accounting for 44.9% of the segment's gross written premium in 2015. • Non-life insurance policies in Argentina are mainly sold through channels such as direct marketing, brokers, bancassurance and agencies.
Table of Contents 1 Key Facts and Highlights 2 Executive Summary 3 Economy and Demographics 4 Segment Outlook 4.1 Regional Comparison 4.2 Segment Indicators 4.2.1 Gross written premium and penetration 4.2.2 Policies sold 4.2.3 Claims 4.2.4 Profitability 4.2.5 Assets and investments 5 Outlook by Category 5.1 Property Insurance 5.1.1 Product overview 5.1.2 Premium 5.1.3 Policies sold 5.1.4 Claims 5.1.5 Profitability 5.2 Motor Insurance 5.2.1 Product overview 5.2.2 Premium 5.2.3 Policies sold 5.2.4 Claims 5.2.5 Profitability 5.3 Liability Insurance 5.3.1 Product overview 5.3.2 Premium 5.3.3 Policies sold 5.3.4 Claims 5.3.5 Profitability 5.4 Marine, Aviation and Transit Insurance 5.4.1 Product overview 5.4.2 Premium 5.4.3 Policies sold 5.4.4 Claims 5.4.5 Profitability 6 Distribution Channel Outlook 6.1 Analysis by Distribution Channel 7 Natural Hazards 7.1 Flooding 7.2 Droughts 7.3 Volcanic Activity 7.4 Landslides 7.5 Storms 7.6 Exposure 8 Competitive Landscape 8.1 Company Profiles 8.1.1 Federacion Patronal Seguros SA - company overview 8.1.2 Caja de Seguros SA - company overview 8.1.3 Prevencion Aseguradora de Riesgos del Trabajo SA - company overview 8.1.4 Galeno ART SA - company overview 8.1.5 Sancor Cooperativa de Seguros Ltd - company overview 9 Governance, Risk and Compliance 9.1 Legislation Overview and Historical Evolution 9.2 Latest Changes in Regulation 9.3 Legislation and Market Practice by Type of Insurance 9.3.1 Life insurance 9.3.2 Property insurance 9.3.3 Motor insurance 9.3.4 Liability insurance 9.3.5 Marine, aviation and transit insurance 9.3.6 Personal accident and health insurance 9.4 Compulsory Insurance 9.4.1 Motor third-party liability insurance 9.4.2 Civil liability insurance for passenger transport vehicles 9.4.3 Clinical trials liability insurance 9.4.4 Social security scheme 9.4.5 Professional indemnity insurance for reinsurance brokers 9.4.6 Third party liability insurance for lift operators 9.4.7 Bond insurance for travel agents 9.4.8 Professional indemnity insurance for directors and managers of public and private limited companies 9.4.9 Insurance for drones 9.4.10 Mandatory group life insurance 9.4.11 Liability insurance for ships with respect to oil pollution 9.5 Supervision and Control 9.5.1 International Association of Insurance Supervisors 9.5.2 Association of Insurance Supervisors Latin America 9.5.3 Superintendence of Insurance 9.5.4 Asociacion de Administradores de Riesgos de la Republica Argentina 9.5.5 Asociacion Argentina de Companias de Seguros 9.5.6 Aseguradores del Interior de la Republica Argentina 9.5.7 Asociacion de Aseguradores de Vida y Retiro de la Republica Argentina 9.6 Non-Admitted Insurance Regulations 9.6.1 Overview 9.6.2 Intermediaries 9.6.3 Market practices 9.6.4 Fines and penalties 9.7 Company Registration and Operations 9.7.1 Type of insurance organization 9.7.2 Establishing a local company 9.7.3 Foreign ownership 9.7.4 Types of license 9.7.5 Capital requirements 9.7.6 Solvency margins 9.7.7 Reserve requirements 9.7.8 Investment regulations 9.7.9 Statutory return requirements 9.7.10 Fee structure 9.8 Taxation 9.8.1 Insurance premium or policy taxation 9.8.2 Withholding taxes on premium paid overseas 9.8.3 Corporate tax 9.8.4 VAT 9.8.5 Captives 9.9 Legal System 9.9.1 Introduction 9.9.2 Access to court 9.9.3 Alternative dispute resolution (ADR) 10 Databook 10.1 Policies and Premium 10.2 Claims and Expenses 10.3 Assets and Investments 10.4 Direct Marketing and E-Commerce 10.5 Insurance Brokers and Agencies 10.6 Bancassurance and Other Distribution Channels 10.7 Property Insurance 10.8 Property Insurance by Product 10.9 Motor Insurance 10.1 Liability Insurance 10.11 Marine, Aviation and Transit Insurance 11 Definitions and Methodology 11.1 Definitions 11.2 Methodology 12 About Timetric 12.1 Contact Timetric 12.2 About Timetric 12.3 Timetric's Services 12.4 Disclaimer
List of Tables Table 1: Argentine Non-Life Insurance - Key Facts, 2015 Table 2: Argentine Non-Life Insurance - Segment Shares of the Top Insurers, 2015 Table 3: Argentina - Government Credit Ratings Table 4: Argentine Non-Life Insurance - Gross Written Premium (ARS Billion and US$ Billion), 2011-2015 Table 5: Argentine Non-Life Insurance - Penetration (%), 2011-2015 Table 6: Argentine Non-Life Insurance - Gross Written Premium (ARS Billion and US$ Billion), 2015-2020 Table 7: Argentine Non-Life Insurance - Penetration (%), 2015-2020 Table 8: Argentine Non-Life Insurance - Premium per Capita (ARS and US$), 2011-2015 Table 9: Argentine Non-Life Insurance - Premium per Capita (ARS and US$), 2015-2020 Table 10: Argentine Non-Life Insurance - Number of Policies Sold (Million), 2011-2015 Table 11: Argentine Non-Life Insurance - Number of Policies Sold (Million), 2015-2020 Table 12: Argentine Non-Life Insurance - Paid Claims (ARS Billion and US$ Billion), 2011-2015 Table 13: Argentine Non-Life Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020 Table 14: Argentine Non-Life Insurance - Profitability Ratio (%), 2011-2015 Table 15: Argentine Non-Life Insurance - Profitability Ratio (%), 2015-2020 Table 16: Argentine Non-Life Insurance - Total Assets (ARS Billion and US$ Billion), 2011-2015 Table 17: Argentine Non-Life Insurance - Total Assets (ARS Billion and US$ Billion), 2015-2020 Table 18: Argentine Non-Life Insurance - Total Investment Income (ARS Billion and US$ Billion), 2011-2015 Table 19: Argentine Non-Life Insurance - Total Investment Income (ARS Billion and US$ Billion), 2015-2020 Table 20: Argentine Non-Life Insurance - Investment Portfolio (ARS Billion), 2011-2015 Table 21: Argentine Non-Life Insurance - Investment Portfolio (ARS Billion), 2015-2020 Table 22: Argentine Non-Life Insurance - Direct Written Premium by Category (ARS Billion), 2011-2015 Table 23: Argentine Non-Life Insurance - Direct Written Premium by Category (ARS Billion), 2015-2020 Table 24: Argentine Property Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2011-2015 Table 25: Argentine Property Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2015-2020 Table 26: Argentine Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015 Table 27: Argentine Property Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020 Table 28: Argentine Property Insurance - Paid Claims (ARS Billion and US$ Billion), 2011-2015 Table 29: Argentine Property Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020 Table 30: Argentine Property Insurance - Loss Ratio (%), 2011-2015 Table 31: Argentine Property Insurance - Loss Ratio (%), 2015-2020 Table 32: Argentine Motor Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2011-2015 Table 33: Argentine Motor Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2015-2020 Table 34: Argentine Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015 Table 35: Argentine Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020 Table 36: Argentine Motor Insurance - Paid Claims (ARS Billion and US$ Billion), 2011-2015 Table 37: Argentine Motor Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020 Table 38: Argentine Motor Insurance - Loss Ratio (%), 2011-2015 Table 39: Argentine Motor Insurance - Loss Ratio (%), 2015-2020 Table 40: Argentine Liability Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2011-2015 Table 41: Argentine Liability Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2015-2020 Table 42: Argentine Liability Insurance - Number of Policies Sold (Thousand), 2011-2015 Table 43: Argentine Liability Insurance - Number of Policies Sold (Thousand), 2015-2020 Table 44: Argentine Liability Insurance - Paid Claims (ARS Billion and US$ Billion), 2011-2015 Table 45: Argentine Liability Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020 Table 46: Argentine Liability Insurance - Loss Ratio (%), 2011-2015 Table 47: Argentine Liability Insurance - Loss Ratio (%), 2015-2020 Table 48: Argentine Transport Network - Global Rankings Table 49: Argentine Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2011-2015 Table 50: Argentine Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (ARS Billion), 2015-2020 Table 51: Argentine Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015 Table 52: Argentine Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020 Table 53: Argentine Marine, Aviation and Transit Insurance - Paid Claims (ARS Million and US$ Million), 2011-2015 Table 54: Argentine Marine, Aviation and Transit Insurance - Paid Claims (ARS Billion and US$ Billion), 2015-2020 Table 55: Argentine Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015 Table 56: Argentine Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020 Table 57: Argentine Non-Life Insurance - Direct Written Premium by Distribution Channel (ARS Billion), 2011-2015 Table 58: Argentine Non-Life Insurance - Direct Written Premium by Distribution Channel (ARS Billion), 2015-2020 Table 59: Argentine Non-Life Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011-2020 Table 60: Argentine Non-Life Insurance - Segment Shares of Leading Insurers (%), 2015 Table 61: Federacion Patronal Seguros SA - Key Facts Table 62: Federacion Patronal Seguros SA - Key Financials (ARS Billion), 2011-2015 Table 63: Caja de Seguros SA - Key Facts Table 64: Caja de Seguros SA - Key Financials (ARS Billion), 2011-2015 Table 65: Prevencion Aseguradora de Riesgos del Trabajo SA - Key Facts Table 66: Prevencion Aseguradora de Riesgos del Trabajo SA - Key Financials (ARS Billion), 2011-2015 Table 67: Galeno ART SA - Key Facts Table 68: Galeno ART SA - Key Financials (ARS Billion), 2011-2015 Table 69: Sancor Cooperativa de Seguros Ltd - Key Facts Table 70: Sancor Cooperativa de Seguros Ltd - Key Financials (ARS Billion), 2011-2015 Table 71: Argentina - Insurance Regulatory Framework Key Features Table 72: Argentina - Life Insurance Regulatory Framework Table 73: Argentina - Property Insurance Regulatory Framework Table 74: Argentina - Motor Insurance Regulatory Framework Table 75: Argentina - Liability Insurance Regulatory Framework Table76: Argentina - Corporate Tax Rates for the Financial Year 2016 Table 77: Argentine Insurance Industry - Policies and Premium, 2011-2015 Table 78: Argentine Insurance Industry - Policies and Premium, 2015-2020 Table 79: Argentine Non-Life Insurance - Claims and Expenses, 2011-2015 Table 80: Argentine Non-Life Insurance - Claims and Expenses, 2015-2020 Table 81: Argentine Non-Life Insurance - Assets and Investments, 2011-2015 Table 82: Argentine Non-Life Insurance - Assets and Investments, 2015-2020 Table 83: Argentine Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015 Table 84: Argentine Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020 Table 85: Argentine Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015 Table 86: Argentine Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020 Table 87: Argentine Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015 Table 88: Argentine Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020 Table 89: Argentine Non-Life Insurance - Property Insurance, 2011-2015 Table 90: Argentine Non-Life Insurance - Property Insurance, 2015-2020 Table 91: Argentine Non-Life Insurance - Property Insurance by Product, 2011-2015 Table 92: Argentine Non-Life Insurance - Property Insurance by Product, 2015-2020 Table 93: Argentine Non-Life Insurance - Motor Insurance, 2011-2015 Table 94: Argentine Non-Life Insurance - Motor Insurance, 2015-2020 Table 95: Argentine Non-Life Insurance - Liability Insurance, 2011-2015 Table 96: Argentine Non-Life Insurance - Liability Insurance, 2015-2020 Table 97: Argentine Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015 Table 98: Argentine Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020 Table 99: Insurance Industry Definitions
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