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Emerging Market and Investment Opportunities in the Mexican Motor Insurance Industry to 2016

  • Published:
  • 43 Pages
  • BRICdata

Synopsis

The report provides top-level market analysis, information and insights into the Mexican motor insurance industry, including:

  • Current, historic and forecast values for the Mexican motor insurance industry
  • Comprehensive, country-specific analysis of the industry's market attractiveness, covering key trends and drivers, plus benchmarking with other key markets
  • Detailed analysis of the business and operations strategy used by various motor insurers in the market, including marketing strategy and social media strategy
  • Detailed analysis of the challenges affecting the Mexican motor insurance industry
  • Company profiles of the major insurers in the Mexican motor insurance market

Summary

The Mexican motor insurance category grew during the review period, due to the expansion of the automobile industry in the country. There are positive growth prospects for the Mexican motor insurance category, which is being supported by the country's favorable macroeconomic fundamentals. The number of automobile sales in the country is expected to increase during the forecast period, which will generate a larger customer base for Mexican motor insurance. The Mexican motor insurance category grew in written premium value at a compound annual growth rate (CAGR) of 2.35% during the review period 2007-2011. The impact of Solvency II will be experienced across insurance businesses as well as individual product types. Some Mexican motor insurance companies will be in a stronger position following the enforcement of these standards in 2014 while other companies are expected to struggle due to the greater capital requirements and lowered profitability proposed by the Solvency II framework.

Scope

This report provides a comprehensive analysis of the motor insurance industry in Mexico:

  • It provides historical values for the Mexican motor insurance industry 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 markets in the Mexican motor insurance industry, along with market forecasts until 2016
  • It details the different macroeconomic factors affecting the motor insurance industry in Mexico
  • It covers an exhaustive summary on the key trends and drivers affecting the motor insurance industry
  • It outlines the current regulatory framework in the industry
  • It details the business and operations strategy used by various Mexican motor insurance companies
  • It profiles the major insurers in the Mexican motor insurance industry

Reasons To Buy

  • Make strategic business decisions using top-level historic and forecast market data related to the Mexican motor insurance industry and each market within it
  • Understand the key market trends and growth opportunities within the Mexican insurance industry
  • Assess the competitive dynamics in the Mexican motor insurance industry
  • Gain insights into the business and operations strategies used by Mexican motor insurers
  • Gain insights into key regulations governing the Mexican motor insurance industry

Table of Contents

1 Executive Summary

2 Mexican Motor Insurance Market Environment

  • 2.1 Macroeconomic fundamentals
    • 2.1.1 Mexican GDP at constant prices
    • 2.1.2 Mexican inflation rate
    • 2.1.3 Mexican manufacturing net output at current prices (US$)
  • 2.2 Consumer Confidence
    • 2.2.1 Mexican annual disposable income
    • 2.2.2 Mexican unemployment rate

3 Market Sizing and Future Growth Potential

  • 3.1 Mexican Motor Insurance - Benchmarking with Emerging Economies
  • 3.2 Mexican Motor Insurance - Market Size by Volume of Policies Sold
  • 3.3 Mexican Motor Insurance Industry Market Size by Written Premium Value
  • 3.4 Mexican Motor Insurance Market Size by Sub-Category
    • 3.4.1 Motor hull market size by volume
    • 3.4.2 Motor hull market size by value
    • 3.4.3 Third-party motor insurance market size by volume
    • 3.4.4 Third-party motor insurance market size by value

4 Market Attractiveness and Challenges

  • 4.1 Trends and Growth Drivers
  • 4.2 Profitability
  • 4.3 Challenges

5 Market Entry Strategy and Competitive Landscape

  • 5.1 Regulatory Framework
  • 5.2 Entry Strategy
  • 5.3 Competitive Landscape and Industry Structure

6 Business and Marketing Strategy

  • 6.1 Marketing Strategy
    • 6.1.1 Product strategy and customer segmentation
    • 6.1.2 Social media strategy
  • 6.2 Distribution Channels
    • 6.2.1 Agencies
    • 6.2.2 Bancassurance
    • 6.2.3 Internet
    • 6.2.4 Call centers

7 Operations Strategy

8 Profile of Major Companies

  • 8.1 AXA Seguros
    • 8.1.1 AXA Seguros - key company facts
  • 8.2 Grupo Nacional Provincial SAB
    • 8.2.1 Grupo Nacional Provincial SAB - key company facts
  • 8.3 Aba Seguros SA de CV
    • 8.3.1 Aba Seguros SA de CV - key company facts
  • 8.4 Qualitas Compania de Seguros SAB de CV
    • 8.4.1 Qualitas Compania de Seguros SAB de CV - key company facts
  • 8.5 Allianz Mexico
    • 8.5.1 Allianz Mexico - key company facts

9 Appendix

  • 9.1 About BRICdata
  • 9.2 Methodology
  • 9.3 Definitions
  • 9.4 Disclaimer

List of Tables

  • Table 1: Mexican GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
  • Table 2: Mexican Manufacturing Net Output at Current Prices (US$ Billion), 2007-2016
  • Table 3: Mexican Motor Insurance - Market Size by Volume (Million), 2007-2011
  • Table 4: Mexican Motor Insurance - Market Size by Volume (Million), 2012-2016
  • Table 5: Mexican Motor Insurance - Market Size by Written Premium Value (US$ Million), 2007-2011
  • Table 6: Mexican Motor Insurance - Market Size by Written Premium Value (US$ Million), 2012-2016
  • Table 7: Mexican Motor Insurance - Motor Hull Market Size by Volume (Million), 2007-2011
  • Table 8: Mexican Motor Insurance - Motor Hull Market Size by Volume (Million), 2012-2016
  • Table 9: Mexican Motor Insurance - Motor Hull Market Size by Value (US$ Million), 2007-2011
  • Table 10: Mexican Motor Insurance - Motor Hull Market Size by Value (US$ Million), 2012-2016
  • Table 11: Mexican Motor Insurance - Third-Party Motor Insurance Market Size by Volume (Million), 2007-2011
  • Table 12: Mexican Motor Insurance - Third-Party Motor Insurance Market Size by Volume (Million), 2012-2016
  • Table 13: Mexican Motor Insurance - Third-Party Motor Insurance Market Size by Value (US$ Million), 2007-2011
  • Table 14: Mexican Motor Insurance - Third-Party Motor Insurance Market Size by Value (US$ Million), 2012-2016
  • Table 15: Mexican Motor Insurance - Key Performance Indicators (US$ Million), 2007-2011
  • Table 16: Mexican Motor Insurance - Key Performance Indicators (US$ Million), 2012-2016
  • Table 17: AXA Seguros - Key Facts
  • Table 18: AXA Seguros - Key Competitors
  • Table 19: Grupo Nacional Provincial SAB - Key Facts
  • Table 20: Grupo Nacional Provincial SAB - Key Employees
  • Table 21: Grupo Nacional Provincial SAB - Key Competitors
  • Table 22: Aba Seguros SA de CV - Key Facts
  • Table 23: Aba Seguros SA de CV - Key Employees
  • Table 24: Aba Seguros SA de CV - Key Competitors
  • Table 25: Qualitas Compania de Seguros SAB de CV - Key Facts
  • Table 26: Qualitas Compania de Seguros SAB de CV - Key Employees
  • Table 27: Qualitas Compania de Seguros SAB de CV - Key Competitors
  • Table 28: Allianz Mexico - Key Facts
  • Table 29: Allianz Mexico - Key Competitors
  • Table 30: Insurance Industry Definitions
  • Table 31: Exchange Rates (MXN-US$), 2007-2016

List of Figures

  • Figure 1: Mexican GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
  • Figure 2: Mexican Inflation Rate (%), 2007-2016
  • Figure 3: Mexican Manufacturing Net Output at Current Prices (US$ Billion), 2007-2016
  • Figure 4: Mexican Annual Disposable Income (US$ Billion), 2007-2016
  • Figure 5: Mexican Unemployment Rate (%), 2007-2016
  • Figure 6: Mexican Motor Insurance - Benchmarking with Emerging Economies, 2007-2011
  • Figure 7: Mexican Motor Insurance - Market Size by Volume (Million), 2007-2011
  • Figure 8: Mexican Motor Insurance - Market Size by Volume (Million), 2012-2016
  • Figure 9: Mexican Motor Insurance - Market Size by Written Premium Value (US$ Million), 2007-2011
  • Figure 10: Mexican Motor Insurance - Market Size by Written Premium Value (US$ Million), 2012-2016
  • Figure 11: Mexican Motor Insurance - Motor Hull Market Size by Volume (Million), 2007-2011
  • Figure 12: Mexican Motor Insurance - Motor Hull Market Size by Volume (Million), 2012-2016
  • Figure 13: Mexican Motor Insurance - Motor Hull Market Size by Value (US$ Million), 2007-2011
  • Figure 14: Mexican Motor Insurance - Motor Hull Market Size by Value (US$ Million), 2012-2016
  • Figure 15: Mexican Motor Insurance - Third-Party Motor Insurance Market Size by Volume (Million), 2007-2011
  • Figure 16: Mexican Motor Insurance - Third-Party Motor Insurance Market Size by Volume (Million), 2012-2016
  • Figure 17: Mexican Motor Insurance - Third-Party Motor Insurance Market Size by Value (US$ Million), 2007-2011
  • Figure 18: Mexican Motor Insurance - Third-Party Motor Insurance Market Size by Value (US$ Million), 2012-2016
  • Figure 19: Mexican Automobile Sales (Number of Vehicles Sold), 2007-2011
  • Figure 20: Mexican Motor Insurance - Challenges
  • Figure 21: Mexican Motor Insurance - Average Number of Policies Sold per Company, 2007-2016
  • Figure 22: Mexican Motor Insurance - IT Services in Motor Insurance
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