Researchmoz | Non-Life Insurance in Chile, Key Trends and Opportunities Forecast 2018

Most up-to-date research on "Non-Life Insurance in Chile, Key Trends and Opportunities to 2018" to its huge collection of research reports.

Synopsis

The report provides in-depth market analysis, information and insights into the Chilean non-life insurance segment, including:

The Chilean non-life insurance segment’s growth prospects by non-life insurance category

Key trends and drivers for the non-life insurance segment

The various distribution channels in the Chilean non-life insurance segment

The detailed competitive landscape in the non-life insurance segment in Chile

Detailed regulatory policies of the Chilean insurance industry

Analysis of various consumer segments in Chilean non-life insurance

Key developments in the Chilean non-life insurance segment

New products launched by Chilean non-life insurers

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Executive summary

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. Upcoming reforms in different economic sectors helped the segment’s growth during the review period, a trend that is projected to continue over the forecast period (2013–2018).

Regulatory reforms, such as the adoption of a new accounting framework based on International Financial Reporting Standards (IFRS) in 2012 and an upcoming Solvency II-style capital framework due 2015 are expected to support the non-life segment’s development over the forecast period. Furthermore, economic growth, an increase in automobile sales, rising infrastructure...