The Argentine non-life insurance segment recorded a double digit CAGR during the review period (2007–2011). This was supported by Argentina’s economic growth, expanding construction and real estate industries, increasing awareness of the benefits of insurance products and favorable demographic changes such as a growing middle-class population. Over the forecast period (2012–2016), the segment is expected to continue its double digit growth and will be driven by the country’s expanding real estate and automobile industries, increasing employment opportunities and industrial growth. Property insurance accounted for the largest market share during the review period and is expected to remain the largest non-life insurance category over the forecast period.
Argentine non-life insurance market
Published: March 2012
No. of Pages: 216
No. of Pages: 216
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Scope
This report provides a comprehensive analysis of the non-life insurance market in Argentina:
- It provides historical values for Argentine non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key sub-segments in the Argentine non-life insurance market, along with market forecasts until 2016
- 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 non-life insurance products in Argentina
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Argentina for the non-life insurance business
- It provides a detailed analysis of the reinsurance market in Argentina and its growth prospects
- 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 top-level historic and forecast market data related to the Argentine non-life insurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Argentine non-life insurance market
- Assess the competitive dynamics in the non-life insurance market, 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 market and its impact on companies and the market's future
Key Highlights
- The Argentine non-life insurance segment grew at a healthy CAGR during the review period (2007–2011) and was supported by Argentina’s economic growth, expanding construction and real estate industries, increasing awareness of the benefits of insurance products and favorable demographic changes such as a growing middle-class population
- Property insurance accounted for the largest market share of 50.9% of the total non-life insurance written premiums in 2011 and is expected to remain the largest non-life insurance category over the forecast period. The motor insurance category was second to property insurance and accounted for a share of 44.1%
- Traditionally, most non-life insurance policies in Argentina have been sold through other distribution channels such as brokers and automobile dealers, followed by agencies and direct marketing. However, with rising consumer awareness about the benefits of non-life insurance and the increasing number of people with access to banks, the bancassurance channel is expected to generate the highest growth of new non-life insurance written premium
- There were 118 companies operating in the Argentine non-life insurance segment in 2010. The presence of both domestic and foreign companies makes the segment competitive
- The non-life segment is fragmented with the ten leading companies accounting for a share of 52.9% of the total non-life insurance written premium in 2010
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