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Published: Mar, 2017 | Pages:
119 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)
Synopsis
Timetric's 'Personal Accident and Health Insurance in Chile, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Chilean personal accident and health insurance segment, and a comparison of the Chilean insurance industry with its regional counterparts. It provides 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 Chilean economy and demographics, 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 'Personal Accident and Health Insurance in Chile, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Chilean personal accident and health insurance segment, including: • An overview of the Chilean personal accident and health insurance segment • The Chilean personal accident and health insurance segment's growth prospects by category • A comprehensive overview of the Chilean economy and demographics • A comparison of the Chilean personal accident and health insurance segment with its regional counterparts • The various distribution channels in the Chilean personal accident and health insurance segment • Details of the competitive landscape in the personal accident and health insurance segment in Chile • Details of regulatory policy applicable to the Chilean insurance industry
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Chile: • It provides historical values for the Chilean personal accident and health 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 Chilean personal accident and health insurance segment, and market forecasts to 2020. • It provides a comparison of the Chilean personal accident and health insurance segment with its regional counterparts • It provides an overview of the various distribution channels for personal accident and health insurance products in Chile. • It profiles the top personal accident and health insurance companies in Chile, 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 Chilean personal accident and health insurance segment, and each category within it. • Understand the demand-side dynamics, key market trends and growth opportunities in the Chilean personal accident and health insurance segment. • Assess the competitive dynamics in the personal accident and health insurance segment. • Identify growth opportunities and market dynamics in key product categories. • Gain insights into key regulations governing the Chilean insurance industry, and their impact on companies and the industry's future.
Key Highlights
• Personal accident and health was the smallest segment in the Chilean insurance industry in 2015, accounting for 10.0% of the industry's direct written premium. • Chile has a dual healthcare system, which was created by the Sistema Nacional de Servicios de Salud (SNSS). • Personal accident and health insurers in Chile use a combination of brokers, agencies, bancassurance and direct marketing to distribute their products.. • The segment is competitive, with the presence of both domestic and foreign insurers.
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 Personal Accident Insurance 5.1.1 Premium 5.1.2 Policies 5.1.3 Claims 5.1.4 Profitability 5.2 Health Insurance 5.2.1 Premium 5.2.2 Policies 5.2.3 Claims 5.2.4 Profitability 5.3 Travel Insurance 5.3.1 Premium 5.3.2 Policies 5.3.3 Claims 5.3.4 Profitability 6 Distribution Channel Outlook 7 Competitive Landscape 7.1 Company Profiles 7.1.1 Metlife Chile Seguros De Vida SA - company overview 7.1.2 Consorcio Nacional de Seguros SA - company overview 7.1.3 Bice Vida Compan�a de Seguros SA - company overview 7.1.4 Chilena Consolidada Seguros de Vida SA - company overview 7.1.5 Seguros de Vida Sura SA - company overview 7.1.6 RSA Seguros Chile SA - company overview 7.1.7 BCI Seguros Generales SA - company overview 7.1.8 Mapfre Compan�a de Seguros Generales de Chile SA - company overview 7.1.9 Compan�a de Seguros Generales Penta Security SA - company overview 7.1.10 Liberty Compan�a de Seguros Generales SA - company overview 8 Governance, Risk and Compliance 8.1 Legislation Overview and Historical Evolution 8.2 Latest Changes in Regulation 8.3 Legislation and Market Practice by Type of Insurance 8.3.1 Life insurance 8.3.2 Property insurance 8.3.3 Motor insurance 8.3.4 Liability insurance 8.3.5 Marine, aviation and transit insurance 8.3.6 Personal accident and health insurance 8.4 Compulsory Insurance 8.4.1 Insurance for motor vehicles accidents 8.4.2 Pension insurance 8.4.3 Health insurance 8.4.4 Workmen's compensation insurance 8.4.5 Professional indemnity insurance for insurance and reinsurance brokers and loss adjusters 8.4.6 Liability for ships with respect to oil pollution 8.5 Supervision and Control 8.5.1 International Association of Insurance Supervisors 8.5.2 Association of Insurance Supervisors Latin America 8.5.3 Superintendent of Security Markets and Insurance Companies 8.5.4 Insurance Association of Chile 8.6 Non-Admitted Insurance Regulations 8.6.1 Overview 8.6.2 Intermediaries 8.6.3 Market practices 8.6.4 Fines and penalties 8.7 Company Registration and Operations 8.7.1 Type of insurance organization 8.7.2 Establishing a local company 8.7.3 Foreign ownership 8.7.4 Types of license 8.7.5 Capital requirements 8.7.6 Solvency margin 8.7.7 Reserve requirements 8.7.8 Investment regulations 8.7.9 Statutory return requirements 8.7.10 Fee structure 8.8 Taxation 8.8.1 Insurance premium or policy taxations 8.8.2 Withholding taxes on premium paid overseas. 8.8.3 Corporate tax 8.8.4 VAT 8.8.5 Captives 8.9 Legal System 8.9.1 Introduction 8.9.2 Access to court 8.9.3 Alternative dispute resolution 9 Databook 9.1 Policies and Premium 9.1.1 Claims and expenses 9.1.2 Assets and investments 9.1.3 Personal accident insurance 9.1.4 Health insurance 9.1.5 Health insurance by product 9.1.6 Travel insurance 10 Definitions and Methodology 10.1 Definitions 10.2 Methodology 11 About Timetric 11.1 Contact Timetric 11.2 About Timetric 11.3 Timetric's Services 11.4 Disclaimer
List of Tables
Table 1: Chilean Personal Accident and Health Insurance - Key Facts, 2015 Table 2: Chilean Personal Accident and Health Insurance - Top Insurers, 2015 Table 3: Chilean Government Credit Ratings Table 4: Chilean Motor Insurance - Road Accidents, 2011-2015 Table 5: Chilean Personal Accident and Health Insurance - Gross Written Premium (CLP Billion and US$ Million), 2011-2015 Table 6: Chilean Personal Accident and Health Insurance - Penetration (%), 2011-2015 Table 7: Chilean Personal Accident and Health Insurance - Gross Written Premium (CLP Billion and US$ Million), 2015-2020 Table 8: Chilean Personal Accident and Health Insurance - Penetration (%), 2015-2020 Table 9: Chilean Personal Accident and Health Insurance - Premium per Capita (CLP and US$), 2011-2015 Table 10: Chilean Personal Accident and Health Insurance - Premium per Capita (CLP and US$), 2015-2020 Table 11: Chilean Personal Accident and Health Insurance - Number of Policies Sold (Million), 2011-2015 Table 12: Chilean Personal Accident and Health Insurance - Number of Policies Sold (Million), 2015-2020 Table 13: Chilean Personal Accident and Health Insurance - Paid Claims (CLP Billion and US$ Million), 2011-2015 Table 14: Chilean Personal Accident and Health Insurance - Paid Claims (CLP Billion and US$ Million), 2015-2020 Table 15: Chilean Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015 Table 16: Chilean Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020 Table 17: Chilean Personal Accident and Health Insurance - Total Assets (CLP Trillion and US$ Billion), 2011-2015 Table 18: Chilean Personal Accident and Health Insurance - Total Assets (CLP Trillion and US$ Billion), 2015-2020 Table 19: Chilean Personal Accident and Health Insurance - Total Investment Income (CLP Billion and US$ Million), 2011-2015 Table 20: Chilean Personal Accident and Health Insurance - Total Investment Income (CLP Billion and US$ Million), 2015-2020 Table 21: Chilean Personal Accident and Health Insurance - Investment Portfolio (CLP Billion), 2011-2015 Table 22: Chilean Personal Accident and Health Insurance - Investment Portfolio (CLP Billion), 2015-2020 Table 23: Chilean Personal Accident and Health Insurance - Direct Written Premium by Category (CLP Billion), 2011-2015 Table 24: Chilean Personal Accident and Health Insurance - Direct Written Premium by Category (CLP Billion), 2015-2020 Table 25: Chilean Personal Accident Insurance - Direct Written Premium (CLP Billion and US$ Million), 2011-2015 Table 26: Chilean Personal Accident Insurance - Direct Written Premium (CLP Billion and US$ Million), 2015-2020 Table 27: Chilean Personal Accident Insurance - Number of Policies Sold (Million), 2011-2015 Table 28: Chilean Personal Accident Insurance - Number of Policies Sold (Million), 2015-2020 Table 29: Chilean Personal Accident Insurance - Paid Claims (CLP Billion and US$ Million), 2011-2015 Table 30: Chilean Personal Accident Insurance - Paid Claims (CLP Billion and US$ Million), 2015-2020 Table 31: Chilean Personal Accident Insurance - Loss Ratio (%), 2011-2015 Table 32: Chilean Personal Accident Insurance - Loss Ratio (%), 2015-2020 Table 33: Chilean Health Insurance - Direct Written Premium by Sub-Category (CLP Billion), 2011-2015 Table 34: Chilean Health Insurance - Direct Written Premium by Sub-Category (CLP Billion), 2015-2020 Table 35: Chilean Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015 Table 36: Chilean Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020 Table 37: Chilean Health Insurance - Paid Claims (CLP Billion and US$ Million), 2011-2015 Table 38: Chilean Health Insurance - Paid Claims (CLP Billion and US$ Million), 2015-2020 Table 39: Chilean Health Insurance - Loss Ratio (%), 2011-2015 Table 40: Chilean Health Insurance - Loss Ratio (%), 2015-2020 Table 41: Chilean Travel Insurance - Direct Written Premium (CLP Billion), 2011-2015 Table 42: Chilean Travel Insurance - Direct Written Premium (CLP Billion), 2015-2020 Table 43: Chilean Travel Insurance - Number of Policies Sold (Thousand), 2011-2015 Table 44: Chilean Travel Insurance - Number of Policies Sold (Thousand), 2015-2020 Table 45: Chilean Travel Insurance - Paid Claims (CLP Billion and US$ Million), 2011-2015 Table 46: Chilean Travel Insurance - Paid Claims (CLP Billion and US$ Million), 2015-2020 Table 47: Chilean Travel Insurance - Loss Ratio (%), 2011-2015 Table 48: Chilean Travel Insurance - Loss Ratio (%), 2015-2020 Table 49: Chilean Personal Accident and Health Insurance Industry - Top Insurers, 2015 Table 50: Metlife Chile Seguros De Vida SA - Key Facts Table 51: Consorcio Nacional de Seguros SA - Key Facts Table 52: Bice Vida Compan�a de Seguros SA - Key Facts Table 53: Chilena Consolidada Seguros de Vida SA - Key Facts Table 54: Seguros de Vida Sura SA - Key Facts Table 55: RSA Seguros Chile SA - Key Facts Table 56: BCI Seguros Generales SA - Key Facts Table 57: Mapfre Compan�a de Seguros Generales de Chile SA - Key Facts Table 58: Compan�a de Seguros Generales Penta Security SA - Key Facts Table 59: Liberty Compan�a de Seguros Generales SA - Key Facts Table 60: Chile - Insurance Regulatory Framework Key Features Table 61: Chile - Life Insurance Regulatory Framework Table 62: Chile - Property Insurance Regulatory Framework Table 63: Chile - Motor Insurance Regulatory Framework Table 64: Chile - Liability Insurance Regulatory Framework Table 65: Chile - Factors Used for Solvency Margin Calculation Table 66: Chile - Corporate Tax Rates for the Financial Year 2016 Table 67: Chilean Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015 Table 68: Chilean Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020 Table 69: Chilean Personal Accident and Health Insurance - Claims and Expenses, 2011-2015 Table 70: Chilean Personal Accident and Health Insurance - Claims and Expenses, 2015-2020 Table 71: Chilean Personal Accident and Health Insurance - Assets and Investments, 2011-2015 Table 72: Chilean Personal Accident and Health Insurance - Assets and Investments, 2015-2020 Table 73: Chilean Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015 Table 74: Chilean Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020 Table 75: Chilean Personal Accident and Health Insurance - Health Insurance, 2011-2015 Table 76: Chilean Personal Accident and Health Insurance - Health Insurance, 2015-2020 Table 77: Chilean Personal Accident and Health Insurance - Health by Product, 2011-2015 Table 78: Chilean Personal Accident and Health Insurance - Health by Product, 2015-2020 Table 79: Chilean Personal Accident and Health Insurance - Travel Insurance, 2011-2015 Table 80: Chilean Personal Accident and Health Insurance - Travel Insurance, 2015-2020 Table 81: Insurance Industry Definitions
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