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The Insurance Industry in Bolivia, Key Trends and Opportunities to 2017

Timetric
Published Date » 2013-03-26
No. Of Pages » 109
Synopsis

The report provides in depth market analysis, information and insights into the insurance industry in Bolivia, including:
  • The Bolivian insurance industrys growth prospects by insurance segments and categories 
  • The competitive landscape in the Bolivian insurance industry
  • The current trends and drivers of the Bolivia insurance industry
  • The challenges facing the Bolivia insurance industry
  • The regulatory framework of the Bolivia insurance industry
Summary

The Bolivian insurance industry is both concentrated and competitive, with 14 insurers operating in the country. However, the countrys insurance industry is very small in terms of penetration, premium per capita and gross written premiums when compared to other Latin American countries such as Brazil and Chile. 

The industry benefits from well-written insurance laws and a good supervisory framework. Eight of the countrys 14 insurers operate in the non-life insurance segment, while the remaining six operate in the life segment. There are 27 insurance brokers and four reinsurance brokers in the country. In terms of gross written premium, the top five insurers account for over 70% of the overall industry. In the non-life insurance segment, the top four companies have a combined share of 85%.

Scope

This report provides a comprehensive analysis of the insurance industry in Bolivia:
  • It provides historical values for the Bolivian insurance industry for the reports 2008-2012 review period and forecast figures for the 2012-2017 forecast period 
  • It offers a detailed analysis of the key segments and categories in the Bolivian insurance industry, along with industry forecasts until 2017
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions 
  • It profiles the top insurance companies in Bolivia and outlines the key regulations affecting them
Reasons To Buy

  • Make strategic business decisions using in depth historic and forecast industry data related to the Bolivian insurance industry and each segment within it
  • Assess the competitive dynamics in the Bolivian insurance industry
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Bolivian insurance industry
  • Identify the growth opportunities and market dynamics within key segments
  • Gain insights into key regulations governing the Bolivian insurance industry and its impact on companies and the industry's future
Key Highlights

  • The Bolivian insurance industry is both concentrated and competitive, with 14 insurers operating in the country
  • However, the countrys insurance industry is very small in terms of penetration, premium per capita and gross written premiums when compared to other Latin American countries such as Brazil and Chile
  • Although the Bolivian insurance industry is competitive, underwriting performance is weakening as the combined ratio was over 100% for all three segments in 2012
  • The Bolivian insurance industry is dominated by non-life insurance
  • Insurance companies are introducing new schemes to increase market share, with one example being crop insurance
Table of Content

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Bolivian Insurance Industry Overview
3.1 Bolivian Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Regulation

4 Industry Segmentation
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance
4.1.2 Individual pension insurance
4.1.3 Individual endowment insurance
4.1.4 Other insurance
4.1.5 Group life insurance
4.2 Non-Life Insurance Growth Prospects by Category
4.2.1 Property insurance
4.2.2 Motor insurance
4.2.3 Liability insurance
4.2.4 Marine, aviation and transit insurance
4.3 Personal Accident and Health Insurance Growth Prospects by Category
4.4 Reinsurance Industry size by Insurance Segment, 2008-2017

5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 La Boliviana Ciacruz Seguros Generales
5.2.2 Credinform International SA de Seguros
5.2.3 Alianza Compaa de Seguros y Reaseguros SA
5.2.4 Bisa Seguros y Reaseguros SA
5.2.5 Nacional Vida Seguros de Personas SA
5.2.6 Compaa de Seguros y Reaseguros Fortaleza SA

6 Macroeconomic Indicators
6.1 GDP at Constant Prices (US Dollars)
6.2 GDP Per Capita at Constant Prices (US Dollars)
6.3 GDP at Current Prices (US Dollars)
6.4 Exports as a Percentage of GDP
6.5 Imports as a Percentage of GDP
6.6 Healthcare Expenditure per Capita
6.7 Employed Population
6.8 Total Population

7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer

List of Tables


Table 1: Insurance Industry Definitions
Table 2: Bolivian Insurance - Overall Written Premium by Segment (BOB Million), 2008-2012
Table 3: Bolivian Insurance - Overall Written Premium by Segment (US$ Million), 2008-2012
Table 4: Bolivian Insurance - Overall Written Premium by Segment (BOB Million), 2012-2017
Table 5: Bolivian Insurance - Overall Written Premium by Segment (US$ Million), 2012-2017
Table 6: Bolivian Insurance - Segmentation (% Share), 2008-2017
Table 7: Bolivian Life Insurance - Written Premium by Category (BOB Million), 2008-2012
Table 8: Bolivian Life Insurance - Written Premium by Category (US$ Million), 2008-2012
Table 9: Bolivian Life Insurance - Written Premium by Category (BOB Million), 2012-2017
Table 10: Bolivian Life Insurance - Written Premium by Category (US$ Million), 2012-2017
Table 11: Bolivian Life Insurance - Paid Claims (BOB Million), 2008-2012
Table 12: Bolivian Life Insurance - Paid Claims (BOB Million), 2012-2017
Table 13: Bolivian Life Insurance - Incurred Loss (BOB Million), 2008-2012
Table 14: Bolivian Life Insurance - Incurred Loss (BOB Million), 2012-2017
Table 15: Bolivian Life Insurance - Loss Ratio (%), 2008-2012
Table 16: Bolivian Life Insurance - Loss Ratio (%), 2012-2017
Table 17: Bolivian Life Insurance - Combined Ratio (%), 2008-2012
Table 18: Bolivian Life Insurance - Combined Ratio (%), 2012-2017
Table 19: Bolivian Life Insurance - Retentions (BOB Million), 2008-2012
Table 20: Bolivian Life Insurance - Retentions (BOB Million), 2012-2017
Table 21: Bolivian Individual Life Insurance - Written Premium (BOB Million), 2008-2012
Table 22: Bolivian Individual Life Insurance - Written Premium (BOB Million), 2012-2017
Table 23: Bolivian Individual Pension Insurance - Written Premium (BOB Million), 2008-2012
Table 24: Bolivian Individual Pension Insurance - Written Premium (BOB Million), 2012-2017
Table 25: Bolivian Individual Endowment Insurance - Written Premium (BOB Million), 2008-2012
Table 26: Bolivian Individual Endowment Insurance - Written Premium (BOB Million), 2012-2017
Table 27: Other Bolivian Individual Life Insurance - Written Premium (BOB Million), 2008-2012
Table 28: Other Bolivian Individual Life Insurance - Written Premium (BOB Million), 2012-2017
Table 29: Bolivian Group Life Insurance - Written Premium (BOB Million), 2008-2012
Table 30: Bolivian Group Life Insurance - Written Premium (BOB Million), 2012-2017
Table 31: Bolivian Non-Life Insurance - Written Premium by Category (BOB Million), 2008-2012
Table 32: Bolivian Non-Life Insurance - Written Premium by Category (US$ Million), 2008-2012
Table 33: Bolivian Non-Life Insurance - Written Premium by Category (BOB Million), 2012-2017
Table 34: Bolivian Non-Life Insurance - Written Premium by Category (US$ Million), 2012-2017
Table 35: Bolivian Non-Life Insurance - Paid Claims (BOB Million), 2008-2012
Table 36: Bolivian Non-Life Insurance - Paid Claim (BOB Million), 2012-2017
Table 37: Bolivian Non-Life Insurance - Incurred Loss (BOB Million), 2008-2012
Table 38: Bolivian Non-Life Insurance - Incurred Loss (BOB Million), 2012-2017
Table 39: Bolivian Non-Life Insurance - Loss Ratio (%), 2008-2012
Table 40: Bolivian Non-Life Insurance - Loss Ratio (%), 2012-2017
Table 41: Bolivian Non-Life Insurance - Combined Ratio (%), 2008-2012
Table 42: Bolivian Non-Life Insurance - Combined Ratio (%), 2012-2017
Table 43: Bolivian Non-Life Insurance - Retentions (BOB Million), 2008-2012
Table 44: Bolivian Non-Life Insurance - Retentions (BOB Million), 2012-2017
Table 45: Bolivian Property Insurance - Written Premium (BOB Million), 2008-2012
Table 46: Bolivian Property Insurance - Written Premium (BOB Million), 2012-2017
Table 47: Bolivian Motor Insurance - Written Premium (BOB Million), 2008-2012
Table 48: Bolivian Motor Insurance - Written Premium (BOB Million), 2012-2017
Table 49: Bolivian Liability Insurance - Written Premium (BOB Million), 2008-2012
Table 50: Bolivian Liability Insurance - Written Premium (BOB Million), 2012-2017
Table 51: Bolivian Marine, Aviation and Transit Insurance - Written Premium (BOB Million), 2008-2012
Table 52: Bolivian Marine, Aviation and Transit Insurance - Written Premium (BOB Million), 2012-2017
Table 53: Bolivian Personal Accident and Health Insurance - Paid Claims (BOB Million), 2008-2012
Table 54: Bolivian Personal Accident and Health Insurance - Paid Claims (BOB Million), 2012-2017
Table 55: Bolivian Personal Accident and Health Insurance - Incurred Loss (BOB Million), 2008-2012
Table 56: Bolivian Personal Accident and Health Insurance - Incurred Loss (BOB Million), 2012-2017
Table 57: Bolivian Personal Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 58: Bolivian Personal Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 59: Bolivian Personal Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 60: Bolivian Personal Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 61: Bolivian Personal Accident and Health Insurance - Retentions (BOB Million), 2008-2012
Table 62: Bolivian Personal Accident and Health Insurance - Retentions (BOB Million), 2012-2017
Table 63: Bolivian Reinsurance Ceded by Insurance Segment (BOB Million), 2008-2012
Table 64: Bolivian Reinsurance Ceded by Insurance Segment (US$ Million), 2008-2012
Table 65: Bolivian Reinsurance Ceded by Insurance Segment (BOB Million), 2012-2017
Table 66: Bolivian Reinsurance Ceded by Insurance Segment (US$ Million), 2012-2017
Table 67: Bolivian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 68: Bolivian Life Insurance - Percentage of Reinsurance Ceded (%),2012-2017
Table 69: Bolivian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 70: Bolivian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 71: Bolivian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 72: Bolivian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 73: Bolivian Insurance - Industry Shares, 2010
Table 74: La Boliviana Ciacruz Seguros Generales, Main Products
Table 75: La Boliviana Ciacruz Seguros Generales, Key Employees
Table 76: Credinform International SA de Seguros, Main Products
Table 77: Credinform International SA de Seguros, Key Employees
Table 78: Alianza Compaa de Seguros y Reaseguros SA, Main Products
Table 79: Alianza Compaa de Seguros y Reaseguros SA, Key Employees
Table 80: Bisa Seguros y Reaseguros SA, Main Products
Table 81: Bisa Seguros y Reaseguros SA, Key Employees
Table 82: Nacional Vida Seguros de Personas SA, Main Products
Table 83: Nacional Vida Seguros de Personas SA, Key Employees
Table 84: Compaa de Seguros y Reaseguros Fortaleza SA, Main Products

List of Figures


Figure 1: Bolivian Insurance - Overall Written Premium by Segment (BOB Million), 2008-2017
Figure 2: Bolivian Insurance - Industry Dynamics by Segment, 2008-2017
Figure 3: Bolivian Life Insurance - Written Premium by Category (BOB Million), 2008-2017
Figure 4: Bolivian Life Insurance - Written Premium by Category (% Share), 2012 and 2017
Figure 5: Bolivian Life Insurance - Dynamics by Category, 2008-2017
Figure 6: Bolivian Life Insurance - Paid Claims (BOB Million), 2008-2012
Figure 7: Bolivian Life Insurance - Paid Claims (BOB Million), 2012-2017
Figure 8: Bolivian Life Insurance - Incurred Loss (BOB Million), 2008-2012
Figure 9: Bolivian Life Insurance - Incurred Loss (BOB Million), 2012-2017
Figure 10: Bolivian Life Insurance - Loss Ratio (%), 2008-2012
Figure 11: Bolivian Life Insurance - Loss Ratio (%), 2012-2017
Figure 12: Bolivian Life Insurance - Combined Ratio (%), 2008-2012
Figure 13: Bolivian Life Insurance - Combined Ratio (%), 2012-2017
Figure 14: Bolivian Life Insurance - Retentions (BOB Million), 2008-2012
Figure 15: Bolivian Life Insurance - Retentions (BOB Million), 2012-2017
Figure 16: Bolivian Life Insurance - Penetration (% of GDP), 2008-2012
Figure 17: Bolivian Life Insurance - Premium Per Capita (BOB), 2008-2012
Figure 18: Bolivian Individual Life Insurance - Written Premium (BOB Million), 2008-2012
Figure 19: Bolivian Individual Life Insurance - Written Premium (BOB Million), 2012-2017
Figure 20: Bolivian Individual Pension Insurance - Written Premium (BOB Million), 2008-2012
Figure 21: Bolivian Individual Pension Insurance - Written Premium (BOB Million), 2012-2017
Figure 22: Bolivian Individual Endowment Insurance - Written Premium (BOB Million), 2008-2012
Figure 23: Bolivian Individual Endowment Insurance - Written Premium (BOB Million), 2012-2017
Figure 24: Other Bolivian Individual Life Insurance - Written Premium (BOB Million), 2008-2012
Figure 25: Other Bolivian Individual Life Insurance - Written Premium (BOB Million), 2012-2017
Figure 26: Bolivian Group Life Insurance - Written Premium (BOB Million), 2008-2012
Figure 27: Bolivian Group Life Insurance - Written Premium (BOB Million), 2012-2017
Figure 28: Bolivian Non-Life Insurance - Written Premium by Category (BOB Million), 2008-2017
Figure 29: Bolivian Non-Life Insurance - Written Premium by Category (% Share), 2012 and 2017
Figure 30: Bolivian Non-Life Insurance - Dynamics by Category, 2008-2017
Figure 31: Bolivian Non-Life Insurance - Paid Claims (BOB Million), 2008-2012
Figure 32: Bolivian Non-Life Insurance - Paid Claims (BOB Million), 2012-2017
Figure 33: Bolivian Non-Life Insurance - Incurred Loss (BOB Million), 2008-2012
Figure 34: Bolivian Non-Life Insurance - Incurred Loss (BOB Million), 2012-2017
Figure 35: Bolivian Non-Life Insurance - Loss Ratio (%), 2008-2012
Figure 36: Bolivian Non-Life Insurance - Loss Ratio (%), 2012-2017
Figure 37: Bolivian Non-Life Insurance - Combined Ratio (%), 2008-2012
Figure 38: Bolivian Non-Life Insurance - Combined Ratio (%), 2012-2017
Figure 39: Bolivian Non-Life Insurance - Retentions (BOB Million), 2008-2012
Figure 40: Bolivian Non-Life Insurance - Retentions (US$ Million), 2012-2017
Figure 41: Bolivian Non-Life Insurance - Penetration (% of GDP), 2008-2012
Figure 42: Bolivian Non-Life Insurance - Premium Per Capita (BOB), 2008-2012
Figure 43: Bolivian Property Insurance - Written Premium (BOB Million), 2008-2012
Figure 44: Bolivian Property Insurance - Written Premium (BOB Million), 2012-2017
Figure 45: Bolivian Motor Insurance - Written Premium (BOB Million), 2008-2012
Figure 46: Bolivian Motor Insurance - Written Premium (BOB Million), 2012-2017
Figure 47: Bolivian Liability Insurance - Written Premium (BOB Million), 2008-2012
Figure 48: Bolivian Liability Insurance - Written Premium (BOB Million), 2012-2017
Figure 49: Bolivian Marine, Aviation and Transit Insurance - Written Premium (BOB Million), 2008-2012
Figure 50: Bolivian Marine, Aviation and Transit Insurance - Written Premium (BOB Million), 2012-2017
Figure 51: Bolivian Personal Accident and Health Insurance - Paid Claims (BOB Million), 2008-2012
Figure 52: Bolivian Personal Accident and Health Insurance - Paid Claims (BOB Million), 2012-2017
Figure 53: Bolivian Personal Accident and Health Insurance - Incurred Loss (BOB Million), 2008-2012
Figure 54: Bolivian Personal Accident and Health Insurance - Incurred Loss (BOB Million), 2012-2017
Figure 55: Bolivian Personal Accident and Health Insurance - Loss Ratio (%), 2008-2012
Figure 56: Bolivian Personal Accident and Health Insurance - Loss Ratio (%), 2012-2017
Figure 57: Bolivian Personal Accident and Health Insurance - Combined Ratio (%), 2008-2012
Figure 58: Bolivian Personal Accident and Health Insurance - Combined Ratio (%), 2012-2017
Figure 59: Bolivian Personal Accident and Health Insurance - Retentions (BOB Million), 2008-2012
Figure 60: Bolivian Personal Accident and Health Insurance - Retentions (US$ Million), 2012-2017
Figure 61: Bolivian Personal Accident and Health Insurance - Penetration (% of GDP), 2008-2012
Figure 62: Bolivian Personal Accident and Health Insurance - Premium Per Capita (BOB), 2008-2012
Figure 63: Bolivian Reinsurance Ceded by Insurance Segment (BOB Million), 2008-2017
Figure 64: Bolivian Reinsurance Dynamics, 2008-2017
Figure 65: Bolivian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 66: Bolivian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 67: Bolivian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 68: Bolivian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 69: Bolivian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 70: Bolivian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 71: Bolivian Non-Life Insurance - Segment Shares, 2010
Figure 72: Bolivian Life Insurance - Segment Shares, 2010
Figure 73: Bolivian GDP at Constant Prices (US$ Billion), 2007-2011
Figure 74: Bolivian GDP Per Capita at Constant Prices (US$), 2007-2011
Figure 75: Bolivian GDP at Current Prices (US$ Billion), 2007-2011
Figure 76: Bolivian Exports as a Percentage of GDP (%), 2007-2011
Figure 77: Bolivian Imports as a Percentage of GDP, 2007-2011
Figure 78: Bolivian Healthcare Expenditure Per Capita (US$), 2007-2011
Figure 79: Bolivian Employed Population (%), 2007-2011
Figure 80: Bolivian Total Population (Million), 2007-2011

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