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Personal Accident and Health Insurance in Uruguay, Key Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Sep 2017

Category :

Insurance

No. of Pages : 74 Pages

Synopsis
Timetrics 'Personal Accident and Health Insurance in Uruguay, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Uruguayan personal accident and health insurance segment, and a comparison of the Uruguayan insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20122016) and forecast period (20162021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Uruguayan economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics 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 the regulatory structure.

Summary
Timetrics 'Personal Accident and Health Insurance in Uruguay, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Uruguayan personal accident and health insurance segment, including:

An overview of the Uruguayan personal accident and health insurance segment

The Uruguayan personal accident and health insurance segments growth prospects by category

A comprehensive overview of the Uruguayan economy and demographics

A comparison of the Uruguayan personal accident and health insurance segment with its regional counterparts

The various distribution channels in the Uruguayan personal accident and health insurance segment

Details of the competitive landscape in the personal accident and health insurance segment in Uruguay

Details of regulatory policy applicable to the Uruguayan insurance industry

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

It provides historical values for the Uruguayan personal accident and health insurance segment for the reports 20122016 review period, and projected figures for the 20162021 forecast period.

It offers a detailed analysis of the key categories in the Uruguayan personal accident and health insurance segment, and market forecasts to 2021.

It provides a comparison of the Uruguayan personal accident and health insurance segment with its regional counterparts

It provides an overview of the various distribution channels for personal accident and health insurance products in Uruguay.

It profiles the top personal accident and health insurance companies in Uruguay, 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 Uruguayan personal accident and health insurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Uruguayan personal accident and health insurance segment.

Assess the competitive dynamics in the personal accident and health insurance segment.

Identify growth opportunities and market dynamics in key product categories.

Gain insights into key regulations governing the Uruguayan insurance industry, and their impact on companies and the industry's future.

Key Highlights
In July 2016, Suramericana SA, the insurance subsidiary holding of Grupo de Inversiones Suramericana (Grupo Sura), completed the acquisition of Royal & Sun Alliance insurance (Uruguay).

The public sector is administrated by the Ministry of Public Health (MoPH) under the supervision of the State Health Services Administration (ASSE).
Table of Contents
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHICS
4 SEGMENT OUTLOOK
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and investments
5 DISTRIBUTION CHANNEL OUTLOOK
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Banco de Seguros del Estado company overview
6.1.2 MetLife Seguros SA company overview
6.1.3 Mapfre La Uruguaya SA company overview
6.1.4 Seguros Sura SA company overview
6.1.5 Sancor Seguros SA company overview
7 GOVERNANCE, RISK AND COMPLIANCE
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulation
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Workers compensation insurance
7.4.2 Motor third-party liability insurance
7.4.3 Liability for ships with respect to oil pollution
7.4.4 Aviation liability insurance
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors
7.5.2 Association of Insurance Supervisors Latin America
7.5.3 Superintendence of Insurance and Reinsurance
7.5.4 Asociacin Uruguaya de Empresas Aseguradoras
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Type of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margin
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxations
7.8.2 Withholding taxes on premium paid overseas.
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution
8 DATABOOK
8.1 Policies and Premium
8.2 Claims and Expenses
8.3 Assets and Investments
9 DEFINITIONS AND METHODOLOGY
9.1 Definitions
9.2 Methodology
10 ABOUT TIMETRIC
10.1 Contact Timetric
10.2 About Timetric
10.3 Timetrics Services
10.4 Disclaimer


List of Tables
Table 1: Uruguayan Personal Accident and Health Insurance Key Facts, 2016
Table 2: Uruguayan Personal Accident and Health Insurance Leading Insurers, 2016
Table 3: Uruguayan Government Credit Ratings
Table 4: Uruguayan Personal Accident and Health Insurance Gross Written Premium (UYU Billion and US$ Million), 20122016
Table 5: Uruguayan Personal Accident and Health Insurance Penetration (%), 20122016
Table 6: Uruguayan Personal Accident and Health Insurance Gross Written Premium (UYU Billion and US$ Million), 20162021
Table 7: Uruguayan Personal Accident and Health Insurance Penetration (%), 20162021
Table 8: Uruguayan Personal Accident and Health Insurance Premium per Capita (UYU and US$), 20122016
Table 9: Uruguayan Personal Accident and Health Insurance Premium per Capita (UYU and US$), 20162021
Table 10: Uruguayan Personal Accident and Health Insurance Paid Claims (UYU Billion and US$ Million), 20122016
Table 11: Uruguayan Personal Accident and Health Insurance Paid Claims (UYU Billion and US$ Million), 20162021
Table 12: Uruguayan Personal Accident and Health Insurance Profitability Ratio (%), 20122016
Table 13: Uruguayan Personal Accident and Health Insurance Profitability Ratio (%), 20162021
Table 14: Uruguayan Personal Accident and Health Insurance Total Assets (UYU Billion and US$ Million), 20122016
Table 15: Uruguayan Personal Accident and Health Insurance Total Assets (UYU Billion and US$ Million), 20162021
Table 16: Uruguayan Personal Accident and Health Insurance Total Investment Income (UYU Million and US$ Million), 20122016
Table 17: Uruguayan Personal Accident and Health Insurance Total Investment Income (UYU Million and US$ Million), 20162021
Table 18: Uruguayan Personal Accident and Health Insurance Investment Portfolio (UYU Billion), 20122016
Table 19: Uruguayan Personal Accident and Health Insurance Investment Portfolio (UYU Billion), 20162021
Table 20: Uruguayan Personal Accident and Health Insurance Leading Insurers, 2016
Table 21: Banco de Seguros del Estado Key Facts
Table 22: MetLife Seguros SA Key Facts
Table 23: Mapfre La Uruguaya SA Key Facts
Table 24: Seguros Sura SA Key Facts
Table 25: Sancor Seguros SA Key Facts
Table 26: Uruguay Insurance Regulatory Framework Key Features
Table 27: Uruguay Life Insurance Regulatory Framework
Table 28: Uruguay Property Insurance Regulatory Framework
Table 29: Uruguay Motor Insurance Regulatory Framework
Table 30: Uruguay Liability Insurance Regulatory Framework
Table 31: Uruguay Insurance Premium Tax Rates
Table 32: Uruguay Corporate Tax Rates for the Financial Year 2016
Table 33: Uruguayan Personal Accident and Health Insurance Industry Policies and Premium, 20122016
Table 34: Uruguayan Personal Accident and Health Insurance Industry Policies and Premium, 20162021
Table 35: Uruguayan Personal Accident and Health Insurance Claims and Expenses, 20122016
Table 36: Uruguayan Personal Accident and Health Insurance Claims and Expenses, 20162021
Table 37: Uruguayan Personal Accident and Health Insurance Assets and Investments, 20122016
Table 38: Uruguayan Personal Accident and Health Insurance Assets and Investments, 20162021
Table 39: Insurance Industry Definitions


List of Figures
Figure 1: Uruguayan GDP Composition by Sector, 2016
Figure 2: Uruguayan Real GDP (UYU Billion), 20122021
Figure 3: Uruguayan Consumer Price Inflation (%), 20122021
Figure 4: Uruguayan Exchange Rate (UYUUS$), 20122021
Figure 5: Uruguayan Current Account Balance as Percentage of GDP (%), 20122021
Figure 6: Uruguayan Unemployment Rate, 20122021
Figure 7: Uruguayan Population by Age Group, 19912025
Figure 8: Uruguayan Personal Accident and Health Insurance Penetration Regional Comparison (%), 2016
Figure 9: Uruguayan Insurance Segment by Direct Written Premium Shares Regional Comparison (%), 2016
Figure 10: Uruguayan Personal Accident and Health Insurance Gross Written Premium (UYU Billion), 20122021
Figure 11: Uruguayan Personal Accident and Health Insurance Penetration (%), 20122021
Figure 12: Uruguayan Personal Accident and Health Insurance Premium per Capita (UYU), 20122021
Figure 13: Uruguayan Personal Accident and Health Insurance Paid Claims (UYU Billion), 20122021
Figure 14: Uruguayan Personal Accident and Health Insurance Profitability Ratio (%), 20122021
Figure 15: Uruguayan Personal Accident and Health Insurance Total Assets (UYU Billion), 20122021
Figure 16: Uruguayan Personal Accident and Health Insurance Total Investment Income (UYU Million), 20122021
Figure 17: Uruguayan Personal Accident and Health Insurance Investment Portfolio (UYU Billion), 20122021
Figure 18: Uruguayan Personal Accident and Health Insurance Investment Portfolio Dynamics by Types of Investment, 20122021
Figure 19: Uruguay Insurance Supervision and Control at Various Levels
Figure 20: Uruguay Insurance Regulatory Frameworks for Company Registration and Operation

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