Top Report - Life & Non-Life Insurance Market in Chile to 2018

ResearchMoz.us include new market research report " Life and Non-Life Insurance Market in Chile to 2018: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Life Insurance in Chile:-

Life insurance was the largest segment in the Chilean insurance industry in 2013, and contributed 58.1% of its total gross written premium. The country’s strong private pension system and tax benefits associated with general annuity products were the segment’s primary contributors of growth. Chile’s demographics include a large working-age population, rising employment opportunities and falling inflation, which supported the life segment’s growth during the review period (2009–2013).

View Full Report with TOC at: http://www.researchmoz.us/life-insurance-in-chile-key-trends-and-opportunities-to-2018-report.html

Significant growth opportunities are projected for the segment over the forecast period (2013–2018) as its large growth potential has yet to be fully explored by insurers. The penetration of life insurance in Chile is lower than in OECD countries such as France, Germany and the UK, offering potential for life insurers to gain market share by developing and providing innovative, cost-effective products over the forecast period. Other factors projected to influence the segment’s growth include middle-class population growth, rising demand for pension and insurance products, and the introduction of reforms in education, pension, employment etc. by the Chilean government in 2014.

Non-Life Insurance in Chile:-

Chilean GDP at constant prices posted a compound annual growth rate (CAGR) of 4.0% during 2008–2012. Insurance is one of the fastest-growing industries in Latin America, and the non-life segment’s gross written premium recorded a review-period (2009–2013) CAGR of 9.0%, and is relatively mature with the 10 leading companies collectively accounting for 85.5% of the segment’s gross written premium in 2013....