New Market Research Report: Argentina Insurance Report Q3 2011

June 23, 2011 - PRLog -- Key Insights And Key Risks

*  The overall insurance sector is tracking broadly in keeping with its historical performance.
 *  Unless the government changes tack, the country is unlikely to develop an organised long-term savings system of any size.
 * The nationalisation of the pensions industry is helping to keep life penetration at low levels.
 *  Low penetration rates indicate households remain unconvinced of the benefits of non-life insurance.


Government policymaking has traditionally been driven by short-term public finance issues and populism. The nationalisation of the private sector pension fund industry in late 2008 showed this is still the case. Until a government is seen as in favour of orthodox policies, the country is unlikely to develop an organised long-term savings system of any size. In this climate, life and non-life penetration rates remain low. The market is also characterised by a high level of fragmentation.

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Full Report Details at
- http://www.fastmr.com/prod/171447_argentina_insurance_rep...
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The most up to date data from the Argentine insurance sector regulator available to us indicate that life penetration as a proportion of GDP remains extremely low in Argentina. One of the main causes of this is the nationalisation of the pension industry by the government. We predict positive growth in life premiums for the remainder of the forecast period, countering a couple of years of contraction. However, the growth is coming from such a low base that it will not affect life penetration significantly.

A couple of characteristics stand out from an analysis of the performance of Argentina's non-life segment. One is the low penetration rate, which has typically remained at about 2% of GDP in recent years. The implication is that Argentine households remain unconvinced about the benefits of non-life insurance. Growth in absolute premiums has tended to contract moderately in recent years but remains in positive territory. We forecast growth in non-life penetration to slow in 2011, recover slightly in 2012 and then moderate over the forecast period.

Report Table of Contents:

Executive Summary
- Table: Total Premiums, 2008-2015
- Key Insights And Key Risks
SWOT Analysis
- Argentina Insurance Industry SWOT
- Argentina Political SWOT
- Argentina Economic SWOT
- Argentina Business Environment SWOT
Life
- Latin America Life Sector Overview
- Table: Latin America's Life Premiums, 2008-2015 (US$mn)
- Argentina - Life Sector Update
- Industry Forecast Scenario
- Table: Argentina's Life Premiums, 2008-2015
- Growth Drivers And Risk Management Projections
- Table: Insurance Key Drivers - Demographics, 2008-2015
Non-Life
- Latin America Non-Life Sector Overview
- Table: Latin America's Non-Life Premiums, 2008-2015 (US$mn)
- Argentina - Non-Life Sector Update
- Table: Breakdown Of Premiums, 2010 (ARSmn)
- Industry Forecast Scenario
- Table: Argentina's Non-Life Premiums, 2008-2015
- Growth Drivers And Risk Management Projections
- Macroeconomic Outlook
- Table: Macroeconomic Data And Forecasts, 2008-2015
- Political Stability Outlook
- Table: Argentina's Risk Ratings
- Healthcare
- Healthcare Insurance
- Epidemiology
- Table: Insurance Key Drivers - Disease Adjusted Life Years, 2008-2015
- Motor Insurance
Insurance Business Environment Ratings
- Table: Argentina's Insurance Business Environment Rating
- Table: Latin America Insurance Business Environment Ratings
Competitive Landscape
- Major Players In Argentina's Insurance Sector
- Table: Ranking Of Largest Companies By Total Premiums, 2010 (% of premiums)
- Table: Market Rankings Of Top 10 Companies - Work Risks, Q210 (% of premiums)
- Table: Market Rankings Of Top 10 Companies - Group Life, Q210 (% of premiums)
- Table: Market Rankings Of Top 10 Companies - Individual Life, Q210 (% of premiums)
Company Profiles
- Local Company Profiles
- Caja Seguros (La Caja)
- Federacion Patronal Seguros
- Nacion Seguros
- Provincia Seguros
- San Cristobal Seguros
- Sancor Seguros
- La Segunda
- Regional Company Profiles
- Allianz
- BNP Paribas Cardif
- CNP
- Generali
- HSBC Insurance
- ING
- Liberty Mutual
- MAPFRE
- MetLife ALICO
- New York Life
- Prudential Financial
- QBE
- RSA
- Zurich
BMI Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.