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BRICdata Publishes Emerging Market and Investment Opportunities in Mexican Motor Insurance to 2016 - 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 - BRICdata.com
BRICdata Publishes Emerging Market and Investment Opportunities in Mexican Motor Insurance to 2016

 

NewswireToday - /newswire/ - London, Greater London, United Kingdom, 2012/03/30 - 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 - BRICdata.com.

   
 
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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 are 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.

Key highlights of this title:
• The number of policies sold in the Mexican motor insurance category increased at a CAGR of 4.34% during the review period.
• The Mexican motor insurance category recorded growth during the review period, despite the reduced demand for automobiles in North America due to the adverse impact of the global economic crisis.
• 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.
• The US-Mexico border is infamous for the illegal automobile trade and high number of stolen vehicles. Insurers in Mexico have started using a new technology that involves spraying non-removable microdots that contain a unique identification code on different auto parts to prevent illegal trade between Mexico and the US.
• While agencies remain the dominant distribution channel of motor insurance in Mexico, companies are also developing new distribution channel to sell their motor insurance products in the country. Some companies are entering into bancassurance partnerships with banks in order to capitalize on the existing branch network across the country which can access a large customer base.

Scope
This report provides a comprehensive analysis of the motor insurance industry in Mexico:
• It provides historical values for 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 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.

• 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 the Mexican motor insurers;
• Gain insights into key regulations governing the Mexican motor insurance industry.

Product code:IS0203MR

BRICdata (bricdata.com) specializes in the provision of strategic intelligence on emerging markets that helps suppliers in developed markets identify, pursue and achieve growth opportunities.

 
 
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BRICdata Publishes Emerging Market and Investment Opportunities in Mexican Motor Insurance to 2016

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Publisher Contact: BRICdata.com 
+44(0)20 7406 6596 tarun.bisht[.]digitalinsightresearch.in
 
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