New Insurance market report from Timetric: "Life Insurance in Chile, Key Trends and Opportunities to 2017"
Boston, MA -- (SBWIRE) -- 10/31/2013 -- The gross written premiums of the life insurance segment grew during the review period (2008-2012), supported by rising disposable income, an increase in the country's working population, the growing penetration of distribution channels selling insurance products and the availability of a wider range of innovative insurance products. Chile has a favorable economic environment, making it an attractive destination for international life insurers. Higher foreign capital inflows are anticipated over the forecast period which will have a large impact on the country's financial services sectors, including the insurance industry.
- Chile is considered one of most stable economic and political environments in South America.
- Its economy is one of the fastest-growing in the region and GDP at constant prices grew at a CAGR of 4.0% during the review period.
- The value of the life segment is expected to increase to CLP3.3 trillion (US$6.8 billion) by 2012.
- Premiums earned through sales of retirement products, such as general annuity and pension plans, accounted for 70.6% of total Chilean life insurance written premiums in 2012.
- Agencies remain the leading distribution channel for life insurance companies followed by direct marketing and bancassurance
View Full Report Details and Table of Contents
This report provides a comprehensive analysis of the life insurance segment in Chile:
- It provides historical values for Chile's life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key sub-segments in Chile's life insurance segment, along with market forecasts until 2017
- 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 life insurance products in Chile
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Chile for the life insurance business
- It provides a detailed analysis of the reinsurance segment in Chile and its growth prospects
- It profiles the top life insurance companies in Chile and outlines the key regulations affecting them
Reasons to Get This Report
- Make strategic business decisions using in depth historic and forecast market data related to Chile's life insurance segment and each category within it
- Understand the demand-side dynamics, key market trends and growth opportunities within Chile's life insurance segment
- Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
Companies Mentioned in this Report: Consorcio Nacional, Corpvida, Cruz del Sur, Sura, Chilena Consolidada, Bice Vida, Camara, Zurich Santander, Euro America, Principal
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