Personal Accident and Health Insurance in Uruguay, Key Trends and Opportunities to 2020

 Table of Content

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 Claims
4.2.3 Profitability
4.2.4 Assets and investments

5 Outlook by Category
5.1 Health Insurance
5.1.1 Premium
5.1.2 Claims
5.1.3 Profitability

6 Distribution Channel Outlook

7 Competitive Landscape
7.1 Company Profiles
7.1.1 Banco de Seguros del Estado – company overview
7.1.2 MetLife Seguros SA – company overview
7.1.3 Mapfre La Uruguaya SA – company overview
7.1.4 Royal & Sun Alliance Seguros (Uruguay) SA – company overview
7.1.5 Sancor Seguros 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 Workers’ compensation insurance
8.4.2 Motor third-party liability insurance
8.4.3 Liability for ships with respect to oil pollution
8.4.4 Aviation liability insurance
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 Superintendence of Insurance and Reinsurance
8.5.4 Asociación Uruguaya de Empresas Aseguradoras
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
9.2 Claims and Expenses
9.3 Assets and Investments
9.4 Health 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: Uruguayan Personal Accident and Health Insurance – Key Facts, 2015
Table 2: Uruguayan Personal Accident and Health Insurance – Leading Insurers, 2015
Table 3: Uruguay Government Credit Ratings
Table 4: Uruguayan Personal Accident and Health Insurance – Gross Written Premium (UYU Billion and US$ Million), 2011–2015
Table 5: Uruguayan Personal Accident and Health Insurance – Penetration (%), 2011–2015
Table 6: Uruguayan Personal Accident and Health Insurance – Gross Written Premium (UYU Billion and US$ Million), 2015–2020
Table 7: Uruguayan Personal Accident and Health Insurance – Penetration (%), 2015–2020
Table 8: Uruguayan Personal Accident and Health Insurance – Premium per Capita (UYU and US$), 2011–2015
Table 9: Uruguayan Personal Accident and Health Insurance – Premium per Capita (UYU and US$), 2015–2020
Table 10: Uruguayan Personal Accident and Health Insurance – Paid Claims (UYU Billion and US$ Million), 2011–2015
Table 11: Uruguayan Personal Accident and Health Insurance – Paid Claims (UYU Billion and US$ Million), 2015–2020
Table 12: Uruguayan Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2015
Table 13: Uruguayan Personal Accident and Health Insurance – Profitability Ratio (%), 2015–2020
Table 14: Uruguayan Personal Accident and Health Insurance – Total Assets (UYU Billion and US$ Million), 2011–2015
Table 15: Uruguayan Personal Accident and Health Insurance – Total Assets (UYU Billion and US$ Million), 2015–2020
Table 16: Uruguayan Personal Accident and Health Insurance – Investment Portfolio (UYU Billion), 2011–2015
Table 17: Uruguayan Personal Accident and Health Insurance – Investment Portfolio (UYU Billion), 2015–2020
Table 18: Uruguayan Health Insurance – Direct Written Premium (UYU Billion),2011–2015
Table 19: Uruguayan Health Insurance – Direct Written Premium (UYU Billion), 2015–2020
Table 20: Uruguayan Health Insurance – Paid Claims (UYU Billion and US$ Million), 2011–2015
Table 21: Uruguayan Health Insurance – Paid Claims (UYU Billion and US$ Million), 2015–2020
Table 22: Uruguayan Health Insurance – Loss Ratio (%), 2011–2015
Table 23: Uruguayan Health Insurance – Loss Ratio (%), 2015–2020
Table 24: Uruguayan Personal Accident and Health Insurance – Leading Insurers, 2015
Table 25: Banco de Seguros del Estado – Key Facts
Table 26: MetLife Seguros SA – Key Facts
Table 27: Mapfre La Uruguaya SA – Key Facts
Table 28: Royal & Sun Alliance Seguros (Uruguay) SA – Key Facts
Table 29: Sancor Seguros SA – Key Facts
Table 30: Uruguay – Insurance Regulatory Framework Key Features
Table 31: Uruguay – Life Insurance Regulatory Framework
Table 32: Uruguay – Property Insurance Regulatory Framework
Table 33: Uruguay – Motor Insurance Regulatory Framework
Table 34: Uruguay – Liability Insurance Regulatory Framework
Table 35: Uruguay – Insurance Premium Tax Rates
Table 36: Uruguay – Corporate Tax Rates for the Financial Year 2016
Table 37: Uruguayan Personal Accident and Health Insurance Industry – Policies and Premium, 2011–2015
Table 38: Uruguayan Personal Accident and Health Insurance Industry – Policies and Premium, 2015–2020
Table 39: Uruguayan Personal Accident and Health Insurance – Claims and Expenses, 2011–2015
Table 40: Uruguayan Personal Accident and Health Insurance – Claims and Expenses, 2015–2020
Table 41: Uruguayan Personal Accident and Health Insurance – Assets and Investments, 2011–2015
Table 42: Uruguayan Personal Accident and Health Insurance – Assets and Investments, 2015–2020
Table 43: Uruguayan Personal Accident and Health Insurance – Health Insurance, 2011–2015
Table 44: Uruguayan Personal Accident and Health Insurance – Health Insurance, 2015–2020
Table 45: Insurance Industry Definitions

List of Figures

Figure 1: Uruguayan Real GDP (UYU Billion), 2011–2020
Figure 2: Uruguayan Inflation Rate (%), 2011–2020
Figure 3: Uruguayan UYU-US$ Exchange Rate, 2011–2020
Figure 4: Uruguayan Current Account Balance (% of GDP), 2011–2020
Figure 5: Uruguayan Unemployment Rate (%), 2011–2020
Figure 6: Uruguayan Population by Age Group (Million), 1990–2025
Figure 7: Uruguayan Personal Accident and Health Insurance Penetration – Regional Comparison (%), 2015
Figure 8: Uruguayan Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2015
Figure 9: Uruguayan Personal Accident and Health Insurance – Gross Written Premium (UYU Billion), 2011–2020
Figure 10: Uruguayan Personal Accident and Health Insurance – Penetration (%), 2011–2020
Figure 11: Uruguayan Personal Accident and Health Insurance – Premium per Capita (UYU), 2011–2020
Figure 12: Uruguayan Personal Accident and Health Insurance – Paid Claims (UYU Billion), 2011–2020
Figure 13: Uruguayan Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2020
Figure 14: Uruguay Personal Accident and Health Insurance – Total Assets (UYU Billion), 2011–2020
Figure 15: Uruguayan Personal Accident and Health Insurance – Investment Portfolio (UYU Billion), 2011–2020
Figure 16: Uruguayan Personal Accident and Health Insurance – Investment Portfolio Dynamics by Category, 2011–2020
Figure 17: Uruguayan Health Insurance – Direct Written Premium (UYU Billion), 2011–2020
Figure 18: Uruguayan Health Insurance – Paid Claims (UYU Billion), 2011–2020
Figure 19: Uruguayan Health Insurance – Earned Premium, Incurred Loss and Loss Ratio (UYU Billion and %), 2011–2020
Figure 20: Uruguay – Insurance Supervision and Control at Various Levels
Figure 21: Uruguay – Insurance Regulatory Frameworks for Company Registration and Operation 

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