BMI Country Insurance Reports - Sample BMI Executive Summary

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In Q307 we have incorporated actual data for 2006 in our insurance sector reports. In Q207 much of this data was not available, and we had to make estimates. In international comparison tables, we have also incorporated data from 30 new countries in addition to the 58 for which we had data in Q207. We are therefore able to place each country into a truly global context.

Non-life premiums rose from MXN82,922mn (US$7,608mn) in 2005 to MXN90,738mn (US$8,325mn) in 2006. Non-life premiums therefore increased by 9% in both Mexican peso and US dollar terms. We expect that non-life premiums will grow by 9% and 7% annually, in peso and US dollar terms, respectively, in 2006-2011.

Life premiums rose from MXN57,286mn (US$5,256mn) in 2005 to MXN75,503mn (US$6,927mn) in 2006. Life premiums therefore increased by 32% in both peso and US dollar terms. We expect that life premiums will grow by 16% and 14% annually, in peso and US dollar terms, respectively, in 2006- 2011.

In 2006 the two most important lines within the non-life segment were motor and accident and health. These two lines, respectively, accounted for 44% and 27% of non-life premiums. At 14% of non-life premiums, property/fire insurance was the third most important line in Mexico in 2006.

Mexico is, among the 88 countries for which we have gathered data, in the second quartile in terms of absolute non-life premiums in 2006, and also in the second quartile in terms of absolute growth of nonlife premiums last year. We would therefore categorise Mexico as a large-sized national market for nonlife insurance and one where premium growth is relatively high, although it also reflects the growing maturity of the market. Most of the growth is accounted for by the strong economy. Non-life penetration is comparatively unchanged.

Mexico is in the first quartile both in terms of absolute life premiums and in terms of absolute growth of life premiums in 2006. We would therefore categorise Mexico as an upper medium-sized national market for life insurance and one where premiums are growing quickly. Since population growth in Mexico has not been especially strong, most of the growth has been driven by growth in life density.

In 2006 non-life penetration in Mexico grew by 0.9%, while life density rose by 30.5% in US dollar terms.

Contents of the Latin America Insurance Report

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Chapter 1 - The Sector At A Glance

Table: Overview millions of currency specified

Key Features Of This Report & Likely Future Changes

Chapter 2 - Latest News

Recent Developments

Chapter 3 - Evolution Since The Mid-1990s

Table: Evolution Of The Insurance Sector (in millions of currency specified)

Evolution

Chapter 4 - Projections And Forecasts

Table: BMI Projections (in millions of currency specified)

Projections And Drivers Of Growth

Chapter 5 - Macroeconomic Outlook

Table: Economic Activity Indicators

Chapter 6 - Country Update

Political Risk Caldern Wins, But

Economic Risk Banxico On Hold

Business Environment Still Bound Up In Red Tape

Table: Non-Life Segment Rankings of Markets

Table: Presence Of Cross-Border Insurers Non-Life

Table: Selected Local Non-Life Insurers

Table: Life Segment Rankings of Markets

Table: Presence Of Cross-Border Insurers Life

Table: Selected Local Life Insurers

Whos who in the Latin American region?

Chapter 7 - Regional Context

Table: Regional Context - Premiums

Table: Regional Context Total Premiums

Chapter 8 - Methodology And Objectives

Introduction

Background

Forecasts

Regional Context

Chapter 9 - Appendix

Table: Latest Estimates / Actual Figures For 2005

Table: Latest Estimates For 2010

Table: Latest Estimates For 2005-2010

Competitive Landscape for Latin America Insurance Reports: Sample       of Companies Ranked

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A cross-border overview of key players and their insurance market share across Latin America. Tables and graphs show country presence of multinationals across the region. Comparative company analyses and rankings by premium income (life and non-life). Company SWOTS for leading life and non-life insurers, covering network of offices, presence of foreign stakeholders, strategic relationships, joint ventures; portfolio of clients; diversity of product range; profit growth, investment strategy and risk exposure.

Network of Insurance Sources

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BMI's Latin American Insurance Reports are based on an extensive network of multilateral organisations, government departments, insurance industry associations, chambers of commerce and company reports. Information sources include: