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Non-Life Insurance in Chile, Key Trends and Opportunities to 2020

142 pages report Published in Mar 2017

Synopsis

Timetric's 'Non-Life Insurance in Chile, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Chilean non-life insurance segment, and a comparison of the Chilean 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 Chilean economy and demographics, explains the various types of natural hazard and their impact on the Chilean 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 Chile, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Chilean non-life insurance segment, including:

  • The Chilean non-life segment's detailed outlook by product category
  • A comprehensive overview of the Chilean economy and demographics
  • A comparison of the Chilean non-life insurance segment with its regional counterparts
  • The various distribution channels in the Chilean non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Chilean insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Chile
  • Details of regulatory policy applicable to the Chilean insurance industry

Scope

This report provides a comprehensive analysis of the non-life insurance segment in Chile:

  • It provides historical values for the Chilean 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 Chilean non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Chilean non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Chile.
  • It analyzes various natural and man-made hazards and their impact on the Chilean insurance industry
  • It profiles the top non-life 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 non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Chilean 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 Chilean insurance industry, and their impact on companies and the industry's future.

Key Highlights

  • Non-life insurance penetration stood at 1.3% in 2015, the fifth-largest in the South American region.
  • Property insurance was the largest category, in terms of gross written premium, and accounted for 63.9% of the non-life gross written premium in 2015.
  • Bancassurance is a popular distribution channel for non-life insurers in Chile.
  • The Chilean non-life segment is highly concentrated, with the 10 leading insurers accounting for 91.0% of the segment's gross written premium in 2015.
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