Lewes, DE -- (SBWIRE) -- 02/25/2014 -- At first glance, the news-flow from Argentina's insurance sector through 2013 looks good. However, the reality is more nuanced. The Superentendencia de Seguros de la Nación (SSN, the regulator) has published an ambitious strategic plan for the development of the overall sector. There has been strong growth in premiums in both the non-life and the life segments. Several companies have highlighted that their Argentine businesses are contributing meaningfully to the development of their regional operations. Some players have confirmed that profitability has been improving.
According to report analyst the apparent size and importance of the life segment has been expanded by inflation in wages and salaries. This is because Argentina's life segment is dominated by group life products, for which premiums/contributions are generally linked to nominal wages. We see no sign of an imminent resolution to the main challenge facing life insurance companies in Argentina: people lack the essential trust and confidence in long-term savings solutions. Past financial crises and investor-unfriendly (but politically expedient) decisions by governments, including the current administration, have constrained the development of financial services generally.
This new insurance report format provides forecasts of the life and non-life markets, including gross and net premiums, reinsurance premiums and assets. Moreover, it provides forecasts for key growth drivers such as vehicle fleet size, demographic factors and private health expenditure. The report also contains a comprehensive breakdown of the non-life insurance market, providing forecasts for motor and transport insurance, property, personal accident, health, general liability and credit insurance. Finally, the new report offers a detailed breakdown of the life and non-life competitive landscapes, covering the top companies present in each segment by premiums and market share.
The report covers detailed industry SWOT analysis,industry forecast, industry risk rewards ratings, demographic forecast, industry trends and overview and company profiles of major players including Grupo La Caja, Grupo Sancor Seguros, MAPFRE Argentina, QBE Insurance Group and Zurich Argentina.
For TOC and pricing information please visit: http://www.marketresearchreports.com/business-monitor-international/argentina-insurance-report-q2-2014
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