Argentina Insurance Market Intelligence - Market Research Reports On Aarkstore Enterprise
07/14/2010

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Online PR News – 14-July-2010 – – Argentina Insurance Market Intelligence "Argentina is regarded as the fourth largest market in Latin America, on account of the industry’s growth, profitability and per capita expenditure on insurance in this region. The insurance market of Argentina is characterized by its small size and fragmented structure, with the general (non-life) insurance segment holding a stronger position as compared to the life insurance segment. The significant growth of the non-life insurance segment is attributed to the continuous economic recovery and positive growth of the credit market. The automobiles industry is major contributor to the non-life segment, due to the increase in sales of vehicles and the resultant demand for compulsory third party motor and voluntary insurance in the country. Life insurance is mainly supported by the rise in demand for retirement and pension policies, as they are accompanied by tax advantages, while the non-life business mainly thrives on the back of labor-risk insurance plans.

According to the market experts, growth of the non-life segment mainly comes from the increase in private demand, improvement in foreign trade, changes in investment habits, as well as an increase in domestic savings. The insurance density in Argentina has witnessed a continuous growth due to strong GDP growth and higher salaries, which have further added to the growth of this sector. The non-life insurance segment is characterized by its fragmented structure. Mapfre is the largest companies in the general insurance segment, while in the life insurance segment, the top 10 companies constitute more than half of the market share, with La Caja Seguros as the major player.

The present report offers an overview of the Argentinean insurance market along with an analysis of the country’s political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments, and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of Argentina’s insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments: life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable has been analyzed using standard SPSS output, including charts, tables and tests.

Table of Contents :
1. Industry Snapshot

1.1 Industry Structure

1.1.1 Small Size and Fragmented Structure
1.1.2 Significant Existence of Foreign Players

1.2 Market Overview

1.2.1 Market Size & Growth

1.2.1.1 Significant Growth in Industry, Higher than GDP Growth
1.2.1.2 Recovery from Economic Crisis, Regained Growth Pace

1.2.2 Market Segments

1.2.2.1 Dominated by Non-Life Segment, Automobiles Represents Largest Share
1.2.2.2 Notable Growth in Non-Life Segment, on Account of Labor-Risk Insurance
1.2.2.3 Growth in Life Segment, Demand for Retirement and Pension Policies
1.2.2.4 Life and Labor-Risk Insurances - Fastest Growing Segment
1.2.2.5 Life Insurance Mainly Driven by Retirement and Pension Policies
1.2.2.6 Compulsory Collective Life Segment Constitutes Largest Share in Life Segment

1.2.3 Market Density & Penetration

1.2.3.1 Continuous Increase in Insurance Density
1.2.3.2 Varying Penetration Rates, Low Levels

1.2.4 Market Share

1.2.4.1 Life Insurance Market Relatively More Fragmented than General Insurance
1.2.4.2 Top 10 Players Hold More than Half of the Market in Life and General Insurance

2. Industry Analysis

2.1 Industry Developments

Nationalization of Pension Funds
Plans Announced to Implement Mandatory Environmental Insurance
Rise in Premium
Caixa Seguros Acquired 76.5% of CNP Assurances
Government Hikes Pensions by 11.7%
Plans on Nationalization of ART

2.2 Market Drivers

Expanding Economy
Increasing Domestic Savings
Growing Motor Market

3. Country Analysis: Risk Assessment

3.1 Political Environment
3.2 Macro-Economic Indicators: Current and Projections

4. Industry Outlook: Forecast and Projections

4.1 Non Life Segment Highly Dependent on Car Trade
4.2 Nationalization of Pension Fund, Negative Impact on Life Segment

List of Tables

Key Macroeconomic Indicators: (2008 – 2013F)

List of Graphs

Annual Premium – Argentina Insurance Industry (2001-2008)
Insurance Premium Share (%) by Segment (2008)
Insurance Premium by Segment (2001-2008)
Combined Ratio – Argentina Insurance Industry (Q109 vs. Q108)
Life Insurance Premium Share (%) by Segment (2008)
Non-Life Insurance Premium Share (%) by Segment (2008)
Argentina: Insurance Density (US$) (2001 – 2008)
Argentina: Insurance Penetration (2001 – 2008)
Argentina: Major Non-Life Insurer’s Market Share (2008)
Argentina: Major Life Insurer’s Market Share (2008)
GDP Growth of Argentina (2001 – 2008)
Argentina: Gross National Income & Unemployment Rate (2001 – 2008)
Argentina: Gross Domestic Savings (2001 - 2008)
Argentina: Motor Sales ('000 Units) (2001 – 2008)
Forecast: Argentina Insurance Industry: (2008A – 2012F)
Forecast: Argentina Life & Non-Life Insurance Industry: (2008A – 2012F)

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