Boston, MA -- (SBWIRE) -- 10/30/2013 -- The growth of Chile's life, non-life, and personal accident and health insurance segments is expected to drive the reinsurance segment over the forecast period. The value of reinsurance is expected to grow from CLP25.5 billion (US$52.4 million) in 2012 to CLP60.7 billion (US$124.3 million) in 2017, at a forecast-period CAGR of 19.0%.

Key Highlights

- Chile is the most seismically active country in the world with the highest frequency of earthquakes, thereby increasing the business potential for reinsurers.
- The country was affected by a major earthquake in February 2010, resulting in an estimated incurred loss of US$8.5 billion.
- Non-life insurers ceded 56.0% of their gross written premium to reinsurers in 2012 to avoid exposure to high-risk events such as natural disasters.
- The Chilean reinsurance segment is highly competitive with the presence of both domestic and foreign reinsurers. As of 2011, 129 foreign reinsurers and one domestic reinsurer operated in Chile.

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Scope

This report provides a comprehensive analysis of the reinsurance segment in Chile:

- It provides historical values for Chile's reinsurance 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 reinsurance segment, along with market forecasts until 2017
- It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Chile and its growth prospects

Reasons to Get This Report

- Make strategic business decisions using in depth historic and forecast market data related to Chile's reinsurance segment and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within Chile's reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing Chile's insurance industry and its impact on companies and the market's future

Companies Mentioned in this Report: Caja Reaseguradora de Chile SA, MetLife Chile Reaseguros de Vida SA, Munich Re

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