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Personal Accident and Health Insurance in Ecuador, Key Trends and Opportunities to 2018

Published By :

Timetric

Published Date : Mar 2015

Category :

Health Insurance

No. of Pages : 197 Pages

Synopsis

The report provides in-depth market analysis, information and insights into the Ecuadorian personal accident and health insurance segment, including:

  • The Ecuadorian personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • The various distribution channels in the Ecuadorian personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Ecuador
  • Detailed regulatory policies of the Ecuadorian insurance industry
  • Analysis of various consumer segments in Ecuadorian personal accident and health insurance
  • Product portfolios of the leading personal accident and health insurers
Executive summary

  • Timetric’s 'Personal Accident and Health Insurance in the Ecuador, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Ecuadorian personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country. 
  • The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Ecuador:

  • It provides historical values for the Ecuadorian personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Ecuadorian personal accident and health insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for personal accident and health insurance products in Ecuador.
  • It profiles the top personal accident and health insurance companies in Ecuador and outlines the key regulations affecting them.
Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Ecuadorian personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Ecuadorian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify the growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Ecuadorian insurance industry and their impact on companies and the industry's future.
Key highlights

  • Ecuadorian personal accident and health insurance segment recorded the fastest growth in the country’s insurance industry.
  • The growth was primarily driven by the growing middle-class population and the rising number of road accidents.
  • The personal accident category accounted for XX.X% of the total personal accident and health gross written premium in 2013.
  • Distribution channels in the Ecuadorian personal accident and health insurance segment expanded, with the new business gross written premium rising at a review-period CAGR of XX.X%.
  • Agencies and insurance brokers were the primary contributors to the growth, as the new gross written premium business generated by these channels grew strongly.
Table of Contents

1 Key Facts and Events

2 Executive Summary

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 Ecuadorian Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018

5 Personal Accident and Health Insurance Segment Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Personal Accident and Health Insurance Growth Prospects by Category
5.5.1 Personal accident insurance
5.5.2 Non-life health insurance

6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-Commerce
6.5 Brokers
6.6 Other Channels

7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Regulations by Type of Insurance
7.2.1 Life insurance regulations
7.2.2 Property insurance regulations
7.2.3 Motor insurance regulations
7.2.4 Marine, aviation and transit insurance regulations
7.2.5 Personal accident and health insurance regulations
7.3 Compulsory Insurance
7.3.1 Traffic accident insurance (SOAT)
7.3.2 General insurance under the Social Security Act
7.3.3 Aviation insurance
7.4 Supervision and Control
7.4.1 International Association of Insurance Supervisors
7.4.2 Association of Insurance Supervisors Latin America
7.4.3 Superintendency of Banks and Insurance
7.5 Non-Admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market practices
7.5.4 Fines and penalties
7.6 Company Registration and Operations
7.6.1 Types of insurance organization
7.6.2 Establishing a local company
7.6.3 Foreign ownership
7.6.4 Types of license
7.6.5 Capital requirements
7.6.6 Solvency margins
7.6.7 Reserve requirements
7.6.8 Investment regulations
7.6.9 Statutory return requirements
7.6.10 Fee structure
7.7 Taxation
7.7.1 Insurance premium or policy taxation
7.7.2 Withholding taxes on premium paid overseas
7.7.3 Corporate tax
7.7.4 VAT
7.7.5 Captives
7.8 Legal System
7.8.1 Introduction
7.8.2 Access to court
7.8.3 Alternative dispute resolution (ADR)

8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Ecuadorian Personal Accident and Health Insurance Segment
8.3 Leading Personal Accident and Health Insurers – Product Portfolios
8.4 ACE Seguros SA – Company Overview
8.4.1 ACE Seguros SA – key facts
8.5 Pan American Life Insurance – Company Overview
8.5.1 Pan American Life Insurance – key facts
8.6 QBE Seguros Colonial SA – Company Overview
8.6.1 QBE Seguros Colonial SA – key facts
8.7 Equivida SA – Company Overview
8.7.1 Equivida SA – key facts
8.8 AIG Metropolitana Cia. de Seguros y Reaseguros SA – Company Overview
8.8.1 AIG Metropolitana Cia. de Seguros y Reaseguros SA – key facts
8.9 Bupa Ecuador SA – Company Overview
8.9.1 Bupa Ecuador SA – key facts
8.10 Seguros del Pichincha SA – Company Overview
8.10.1 Seguros del Pichincha SA – key facts
8.11 Seguros Sucre SA – Company Overview
8.11.1 Seguros Sucre SA – key facts
8.12 Mapfre Atlas Compañía de Seguros SA – Company Overview
8.12.1 Mapfre Atlas Compañía de Seguros SA – key facts
8.13 BMI del Ecuador – Company Overview
8.13.1 BMI del Ecuador – key facts

9 Appendix – 1
9.1 Business Confidence
9.1.1 Market capitalization trend – Quito Stock Exchange, Ecuador
9.2 Economic Performance
9.2.1 GDP at constant prices (US$)
9.2.2 GDP per capita at constant prices (US$)
9.2.3 GDP at current prices (US$)
9.2.4 GDP per capita at current prices (US$)
9.2.5 GDP by key sector
9.2.6 Agriculture net output at current prices (US$)
9.2.7 Manufacturing net output at current prices (US$)
9.2.8 Manufacturing net output at current prices as a percentage of GDP
9.2.9 Mining, manufacturing and utilities at current prices (US$)
9.2.10 Mining, manufacturing and utilities growth as a percentage of GDP
9.2.11 Construction net output at current prices (US$)
9.2.12 Construction net output at current prices as a percentage of GDP
9.2.13 Inflation rate
9.2.14 Merchandise exports growth
9.2.15 Merchandise imports growth
9.3 Infrastructure
9.3.1 Commercial vehicle exports – total value
9.3.2 Commercial vehicle imports – total value
9.3.3 Automotive exports – total value
9.3.4 Automotive imports – total value
9.3.5 Total internet subscribers
9.4 Labor Force
9.4.1 Labor force
9.4.2 Unemployment rate
9.5 Demographics
9.5.1 Household consumption expenditure (US$)
9.5.2 Total population
9.5.3 Urban and rural populations
9.5.4 Age distribution of the total population
9.5.5 Life expectancy

10 Appendix – 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric’s Services
10.5 Disclaimer

List of Table

Table 1: Ecuadorian Personal Accident and Health Insurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Ecuadorian Insurance Industry – Gross Written Premium by Segment (US$ Million), 2009–2013
Table 4: Ecuadorian Insurance Industry – Gross Written Premium by Segment (US$ Million), 2013–2018
Table 5: Ecuadorian Insurance Industry – Gross Written Premium by Segment (Percentage Share), 2009–2018
Table 6: Ecuadorian Insurance Industry – Direct Written Premium by Segment (US$ Million), 2009–2013
Table 7: Ecuadorian Insurance Industry – Direct Written Premium by Segment (US$ Million), 2013–2018
Table 8: Ecuadorian Insurance Industry – Direct Written Premium by Segment (Percentage Share), 2009–2018
Table 9: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2009–2013
Table 10: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2013–2018
Table 11: Ecuadorian Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2009–2013
Table 12: Ecuadorian Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2013–2018
Table 13: Ecuadorian Personal Accident and Health Insurance – Earned Premium (US Million), 2009–2013
Table 14: Ecuadorian Personal Accident and Health Insurance – Earned Premium (US$ Million), 2013–2018
Table 15: Ecuadorian Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2009–2013
Table 16: Ecuadorian Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2013–2018
Table 17: Ecuadorian Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2009–2013
Table 18: Ecuadorian Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2013–2018
Table 19: Ecuadorian Personal Accident and Health Insurance – Retentions by Category (US$ Million), 2009–2013
Table 20: Ecuadorian Personal Accident and Health Insurance – Retentions by Category (US$ Million), 2013–2018
Table 21: Ecuadorian Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Table 22: Ecuadorian Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Table 23: Ecuadorian Personal Accident and Health Insurance – Commission and Expenses (US$ Million), 2009–2013
Table 24: Ecuadorian Personal Accident and Health Insurance – Commission and Expenses (US$ Million), 2013–2018
Table 25: Ecuadorian Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Table 26: Ecuadorian Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Table 27: Ecuadorian Personal Accident and Health Insurance – Frauds and Crimes (US$ Million), 2009–2013
Table 28: Ecuadorian Personal Accident and Health Insurance – Frauds and Crimes (US$ Million), 2013–2018
Table 29: Ecuadorian Personal Accident and Health Insurance – Total Assets (US$ Million), 2009–2013
Table 30: Ecuadorian Personal Accident and Health Insurance – Total Assets (US$ Million), 2013–2018
Table 31: Ecuadorian Personal Accident and Health Insurance – Total Investment Income (US$ Million), 2009–2013
Table 32: Ecuadorian Personal Accident and Health Insurance – Total Investment Income (US$ Million), 2013–2018
Table 33: Ecuadorian Personal Accident and Health Insurance – Retentions (US$ Million), 2009–2013
Table 34: Ecuadorian Personal Accident and Health Insurance – Retentions (US$ Million), 2013–2018
Table 35: Ecuadorian Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 36: Ecuadorian Personal Accident Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 37: Ecuadorian Personal Accident Insurance – Gross Written Premium (US$ Million), 2009–2013
Table 38: Ecuadorian Personal Accident Insurance – Gross Written Premium (US$ Million), 2013–2018
Table 39: Ecuadorian Personal Accident Insurance – Loss Ratio (%), 2009–2013
Table 40: Ecuadorian Personal Accident Insurance – Loss Ratio (%), 2013–2018
Table 41: Ecuadorian Non-Life Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Table 42: Ecuadorian Non-Life Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Table 43: Ecuadorian Non-Life Health Insurance – Direct Written Premium (US$ Million), 2009–2013
Table 44: Ecuadorian Non-Life Health Insurance – Direct Written Premium (US$ Million), 2013–2018
Table 45: Ecuadorian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 46: Ecuadorian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 47: Ecuadorian Non-Life Health Insurance – Loss Ratio (%), 2009–2013
Table 48: Ecuadorian Non-Life Health Insurance – Loss Ratio (%), 2013–2018
Table 49: Ecuadorian Non-Life Health Insurance – Retentions (US$ Million), 2009–2013
Table 50: Ecuadorian Non-Life Health Insurance – Retentions (US$ Million), 2013–2018
Table 51: Ecuadorian Personal Accident and Health Insurance – Direct Marketing Commission Paid (US$ Million), 2009–2013
Table 52: Ecuadorian Personal Accident and Health Insurance – Direct Marketing Commission Paid (US$ Million), 2013–2018
Table 53: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Table 54: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Table 55: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 56: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 57: Ecuadorian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2009–2013
Table 58: Ecuadorian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2013–2018
Table 59: Ecuadorian Personal Accident and Health Insurance – Bancassurance Commission Paid (US$ Million), 2009–2013
Table 60: Ecuadorian Personal Accident and Health Insurance – Bancassurance Commission Paid (US$ Million), 2013–2018
Table 61: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Table 62: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Table 63: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Table 64: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Table 65: Ecuadorian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2009–2013
Table 66: Ecuadorian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2013–2018
Table 67: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Agencies (US$ Million), 2009–2013
Table 68: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Agencies (US$ Million), 2013–2018
Table 69: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Table 70: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Table 71: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Table 72: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Table 73: Ecuadorian Personal Accident and Health Insurance – Number of Agencies, 2009–2013
Table 74: Ecuadorian Personal Accident and Health Insurance – Number of Agencies, 2013–2018
Table 75: Ecuadorian Personal Accident and Health Insurance – E-Commerce Commission Paid (US$ Million), 2009–2013
Table 76: Ecuadorian Personal Accident and Health Insurance – E-Commerce Commission Paid (US$ Million), 2013–2018
Table 77: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Table 78: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Table 79: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Table 80: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Table 81: Ecuadorian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2009–2013
Table 82: Ecuadorian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2013–2018
Table 83: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Brokers (US$ Million), 2009–2013
Table 84: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Brokers (US$ Million), 2013–2018
Table 85: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Table 86: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Table 87: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Table 88: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Table 89: Ecuadorian Personal Accident and Health Insurance – Number of Brokers, 2009–2013
Table 90: Ecuadorian Personal Accident and Health Insurance – Number of Brokers, 2013–2018
Table 91: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Other Channels (US$ Million), 2009–2013
Table 92: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Other Channels (US$ Million), 2013–2018
Table 93: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Table 94: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Table 95: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Table 96: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Table 97: Ecuadorian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2009–2013
Table 98: Ecuadorian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2013–2018
Table 99: Ecuador – Life Insurance Regulatory Framework
Table 100: Ecuador – Property Insurance Regulatory Framework
Table 101: Ecuador – Motor Insurance Regulatory Framework
Table 102: Ecuador – Compensation Provided by the Insurer in the Event of Accident
Table 103: Ecuador – List of Companies Authorized to Offer SOAT
Table 104: Ecuador – Aviation Insurance Coverage
Table 105: Ecuador – Ratings Required for Registration of Reinsurance Business
Table 106: Ecuador – Minimum Capital Requirements (UVC and US$)
Table 107: Ecuador – Minimum Capital Requirements (US$)
Table 108: Ecuador – Taxes and Charges Levied on Insurance Premium
Table 109: Ecuador – Issuing Fees Charged to the Insured by Insurer Based on Value of Premiums
Table 110: Ecuador – Corporate Tax Rates in Ecuador for the Financial Year 2012-2013
Table 111: Shares of Key Insurers in the Ecuadorian Personal Accident and Health Insurance Segment (%), 2013
Table 112: ACE Seguros SA, Key Facts
Table 113: Pan American Life Insurance, Key Facts
Table 114: QBE Seguros Colonial SA, Key Facts
Table 115: Equivida SA, Key Facts
Table 116: AIG Metropolitana Cia. de Seguros y Reaseguros SA, Key Facts
Table 117: Bupa Ecuador SA, Key Facts
Table 118: Seguros del Pichincha SA, Key Facts
Table 119: Seguros Sucre SA, Key Facts
Table 120: Mapfre Atlas Compañía de Seguros SA, Key Facts
Table 121: BMI del Ecuador, Key Facts

List of Chart

Figure 1: Ecuadorian Insurance Industry – Gross Written Premium by Segment (US$ Million), 2009–2018
Figure 2: Ecuadorian Insurance Industry – Gross Written Premium Dynamics by Segment (2009–2018)
Figure 3: Ecuadorian Insurance Industry – Direct Written Premium by Segment (US$ Million), 2009–2018
Figure 4: Ecuadorian Insurance Industry – Direct Written Premium Dynamics by Segment (2009–2018)
Figure 5: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2009–2018
Figure 6: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 7: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium Dynamics by Category, 2009–2018
Figure 8: Ecuadorian Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2009–2018
Figure 9: Ecuadorian Personal Accident and Health Insurance – Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 10: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium Dynamics by Category, 2009–2018
Figure 11: Ecuadorian Personal Accident and Health Insurance – Earned Premium (US$ Million), 2009–2013
Figure 12: Ecuadorian Personal Accident and Health Insurance – Earned Premium (US$ Million), 2013–2018
Figure 13: Ecuadorian Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2009–2018
Figure 14: Ecuadorian Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2009–2018
Figure 15: Ecuadorian Personal Accident and Health Insurance – Retentions by Category (US$ Million), 2009–2018
Figure 16: Ecuadorian Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Figure 17: Ecuadorian Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Figure 18: Ecuadorian Personal Accident and Health Insurance – Commission and Expenses (US$ Million), 2009–2013
Figure 19: Ecuadorian Personal Accident and Health Insurance – Commission and Expenses (US$ Million), 2013–2018
Figure 20: Ecuadorian Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Figure 21: Ecuadorian Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Figure 22: Ecuadorian Personal Accident and Health Insurance – Frauds and Crimes (US$ Million), 2009–2013
Figure 23: Ecuadorian Personal Accident and Health Insurance – Frauds and Crimes (US$ Million), 2013–2018
Figure 24: Ecuadorian Personal Accident and Health Insurance – Total Assets (US$ Million), 2009–2013
Figure 25: Ecuadorian Personal Accident and Health Insurance – Total Assets (US$ Million), 2013–2018
Figure 26: Ecuadorian Personal Accident and Health Insurance – Total Investment Income (US$ Million), 2009–2013
Figure 27: Ecuadorian Personal Accident and Health Insurance – Total Investment Income (US$ Million), 2013–2018
Figure 28: Ecuadorian Personal Accident and Health Insurance – Retentions (US$ Million), 2009–2013
Figure 29: Ecuadorian Personal Accident and Health Insurance – Retentions (US$ Million), 2013–2018
Figure 30: Ecuadorian Personal Accident and Health Insurance – Investment Portfolio (US$ Million), 2009–2013
Figure 31: Ecuadorian Personal Accident and Health Insurance – Investment Portfolio (% Share), 2009 and 2013
Figure 32: Ecuadorian Personal Accident and Health Insurance Penetration (%), 2009–2013
Figure 33: Ecuadorian Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 34: Ecuadorian Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 35: Ecuadorian Personal Accident and Health Insurance – Premium Per Capita (US$), 2009–2013
Figure 36: Ecuadorian Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 37: Ecuadorian Personal Accident Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 38: Ecuadorian Personal Accident Insurance – Gross Written Premium (US$ Million), 2009–2013
Figure 39: Ecuadorian Personal Accident Insurance – Gross Written Premium (US$ Million), 2013–2018
Figure 40: Ecuadorian Personal Accident Insurance – Loss Ratio (%), 2009–2013
Figure 41: Ecuadorian Personal Accident Insurance – Loss Ratio (%), 2013–2018
Figure 42: Ecuadorian Non-Life Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Figure 43: Ecuadorian Non-Life Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Figure 44: Ecuadorian Non-Life Health Insurance – Direct Written Premium (US$ Million), 2009–2013
Figure 45: Ecuadorian Non-Life Health Insurance – Direct Written Premium (US$ Million), 2013–2018
Figure 46: Ecuadorian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 47: Ecuadorian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 48: Ecuadorian Non-Life Health Insurance – Loss Ratio (%), 2009–2013
Figure 49: Ecuadorian Non-Life Health Insurance – Loss Ratio (%), 2013–2018
Figure 50: Ecuadorian Non-Life Health Insurance – Retentions (US$ Million), 2009–2013
Figure 51: Ecuadorian Non-Life Health Insurance – Retentions (US$ Million), 2013–2018
Figure 52: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium by Distribution Channel (% Share), 2013 and 2018
Figure 53: Ecuadorian Personal Accident and Health Insurance – Direct Marketing Commission Paid (US$ Million), 2009–2013
Figure 54: Ecuadorian Personal Accident and Health Insurance – Direct Marketing Commission Paid (US$ Million), 2013–2018
Figure 55: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Figure 56: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Figure 57: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Figure 58: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Figure 59: Ecuadorian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2009–2013
Figure 60: Ecuadorian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2013–2018
Figure 61: Ecuadorian Personal Accident and Health Insurance – Bancassurance Commission Paid (US$ Million), 2009–2013
Figure 62: Ecuadorian Personal Accident and Health Insurance – Bancassurance Commission Paid (US$ Million), 2013–2018
Figure 63: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Figure 64: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Figure 65: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Figure 66: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Figure 67: Ecuadorian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2009–2013
Figure 68: Ecuadorian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2013–2018
Figure 69: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Agencies (US$ Million), 2009–2013
Figure 70: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Agencies (US$ Million), 2013–2018
Figure 71: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Figure 72: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Figure 73: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Figure 74: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Figure 75: Ecuadorian Personal Accident and Health Insurance – Number of Agencies, 2009–2013
Figure 76: Ecuadorian Personal Accident and Health Insurance – Number of Agencies, 2013–2018
Figure 77: Ecuadorian Personal Accident and Health Insurance – E-Commerce Commission Paid (US$ Million), 2009–2013
Figure 78: Ecuadorian Personal Accident and Health Insurance – E-Commerce Commission Paid (US$ Million), 2013–2018
Figure 79: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Figure 80: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Figure 81: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Figure 82: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Figure 83: Ecuadorian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2009–2013
Figure 84: Ecuadorian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2013–2018
Figure 85: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Brokers (US Million), 2009–2013
Figure 86: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Brokers (US$ Million), 2013–2018
Figure 87: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Figure 88: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Figure 89: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Figure 90: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Figure 91: Ecuadorian Personal Accident and Health Insurance – Number of Brokers, 2009–2013
Figure 92: Ecuadorian Personal Accident and Health Insurance – Number of Brokers, 2013–2018
Figure 93: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Other Channels (US$ Million), 2009–2013
Figure 94: Ecuadorian Personal Accident and Health Insurance – Commission Paid to Other Channels (US$ Million), 2013–2018
Figure 95: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2009–2013
Figure 96: Ecuadorian Personal Accident and Health Insurance – Gross Written Premium (US$ Million), 2013–2018
Figure 97: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Figure 98: Ecuadorian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Figure 99: Ecuadorian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2009–2013
Figure 100: Ecuadorian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2013–2018
Figure 101: Ecuador – Insurance Regulatory Framework
Figure 102: Ecuador – Insurance Supervision and Control at Various Levels
Figure 103: Ecuador – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 104: Ecuador – Judiciary System
Figure 105: Shares of Key Insurers in the Ecuadorian Personal Accident and Health Insurance Segment (%), 2013
Figure 106: Quito Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 107: Ecuadorian GDP at Constant Prices (US$ Billion), 2009–2013
Figure 108: Ecuadorian GDP Per Capita at Constant Prices (US$), 2009–2013
Figure 109: Ecuadorian GDP at Current Prices (US$ Billion), 2009–2013
Figure 110: Ecuadorian GDP Per Capita at Current Prices (US$), 2009–2013
Figure 111: Ecuadorian GDP by Key Sector (%), 2008 and 2012
Figure 112: Ecuadorian Agriculture Net Output at Current Prices (US$ Billion), 2008–2012
Figure 113: Ecuadorian Manufacturing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 114: Ecuadorian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 115: Ecuadorian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2012
Figure 116: Ecuadorian Mining, Manufacturing and Utilities Growth as a Percentage of GDP, 2008–2012
Figure 117: Ecuadorian Construction Net Output at Current Prices (US$ Billion), 2008– 2012
Figure 118: Ecuadorian Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 119: Ecuadorian Inflation Rate (%), 2009–2013
Figure 120: Ecuadorian Merchandise Exports Growth (%), 2009–2012
Figure 121: Ecuadorian Merchandise Imports Growth (%), 2009–2012
Figure 122: Ecuadorian Commercial Vehicle Exports – Total Value (US$ Thousand), 2009–2013
Figure 123: Ecuadorian Commercial Vehicle Imports – Total Value (US$ Thousand), 2009–2013
Figure 124: Ecuadorian Automotive Exports – Total Value (US$ Thousand), 2009–2013
Figure 125: Ecuadorian Automotive Imports – Total Value (US$ Million), 2009–2013
Figure 126: Ecuadorian Internet Subscribers (Million), 2008–2012
Figure 127: Ecuadorian Size of Labor Force (Million), 2008–2012
Figure 128: Ecuadorian Unemployment Rate (%), 2009–2013
Figure 129: Ecuadorian Household Consumption Expenditure (US$ Billion), 2009–2013
Figure 130: Ecuadorian Total Population (Million), 2009–2013
Figure 131: Ecuadorian Urban and Rural Populations (%), 2009–2013
Figure 132: Ecuadorian Population Distribution by Age (%), 2009–2013
Figure 133: Ecuadorian Life Expectancy (Years), 2009–2013

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