The Argentinean life insurance segment accounted for 17.1%, of the insurance industry’s gross written premiums in 2013 at a CAGR of 25.3% during the review period. The growth was primarily supported by the strong performance of group life products such as group whole life and group superannuation. It was further supported by the robust growth of the individual whole life category, which accounted for 13.3% of the life insurance segment

1. Life Insurance in Argentina, Key Trends and Opportunities to 2018
Synopsis
The report provides in-depth market analysis, information and insights into the Argentine life insurance segment, including: The Argentine life insurance
segment’s growth prospects by life insurance categories Key trends and drivers for the life insurance segment The various distribution channels in the
Argentine life insurance segment The detailed competitive landscape in the life insurance segment in Argentina Detailed regulatory policies of the Argentine
insurance industry A description of the life reinsurance segment in Argentina Porter's Five Forces analysis of the life insurance segment A benchmarking section
on the Argentine life insurance segment in comparison with other countries in the Central and Latin American region
Executive summary
The Argentinean life insurance segment accounted for 17.1%, of the insurance industry’s gross written premiums in 2013 at a CAGR of 25.3% during the
review period. The growth was primarily supported by the strong performance of group life products such as group whole life and group superannuation. It was
further supported by the robust growth of the individual whole life category, which accounted for 13.3% of the life insurance segment. Decreases in
unemployment, new tax benefits, increasing life expectancy and an aging population aided the segment’s growth. GDP at constant prices grew at a CAGR
of 6.0% during the review period, and the presence of such factors is expected to support the life insurance segment over the forecast period. The segment is
expected to grow in terms of gross written premium at a forecast-period CAGR of 28.2%.
Scope
This report provides a comprehensive analysis of the life insurance segment in Argentina: It provides historical values for the Argentine life insurance segment
for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period. It offers a detailed analysis of the key
categories in the Argentine life 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 life insurance products in Argentina. Using Porter’s industry-standard “Five Forces” analysis, it details the
competitive landscape in Argentina for the life insurance business. It provides a detailed analysis of the reinsurance segment in Argentina and its growth
prospects. It profiles the top life insurance companies in Argentina 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 Argentine life insurance segment and each category within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Argentine life insurance segment Assess the competitive dynamics
in the life insurance segment, along with the reinsurance segment Identify the growth opportunities and market dynamics within key product categories Gain
insights into key regulations governing the Argentine insurance industry and its impact on companies and the market's future
Key highlights
The Argentinean life insurance segment accounted for 17.1%, of the insurance industry’s gross written premiums in 2013. Argentine life insurance
penetration stood at 0.51% in 2013, significantly lower than that of other countries in the region such as Brazil (2.07%) and Chile (2.74%). Group life insurance
was the dominant sub-segment compared to individual life insurance. A key challenge for the life segment in Argentina over the forecast period will be changes
in the country’s published statistics that will define the financial stability of the country. High life expectancy was a growth driver for the Argentine life
insurance segment during the review period. The life segment is moderately concentrated, with the 10 leading insurers accounting for a market share of 80.6% of
the total segment’s written premiums in 2013
table Of Contents
1 Executive Summary
2 Introduction
2.1 What Is This Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market Trends
3.1.2 Market Size
4 Life Insurance Segment – Regional Benchmarking
4.1 Scale And Penetration
4.1.1 Total Gross Written Premium
4.1.2 Premium Per Capita
4.1.3 Life Insurance Penetration (as A Percentage Of Gdp)
4.2 Growth
4.2.1 Gross Written Premium
4.2.2 Gross Written Premium Per Capita
4.3 Efficiency And Risk
4.3.1 Loss Ratio
4.3.2 Combined Ratio
4.3.3 Incurred Losses Per Capita
Life Insurance in Argentina, Key Trends and Opportunities to 2018

2. 4.3.4 Incurred Losses As A Percentage Of Gdp
4.4 Distribution Channels
4.4.1 Direct Marketing
4.4.2 Bancassurance
4.4.3 Agencies
5 Argentine Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2009–2018
5.2 Key Industry Trends And Drivers
5.3 Challenges
5.4 Recent Market Developments
6 Life Insurance Outlook
6.1 Consumer Segmentation
6.2 Product And Marketing Strategies
6.3 Life Insurance Growth Prospects By Category
6.4 Individual Life Insurance
6.4.1 Individual Whole Life
6.4.2 Individual General Annuity
6.4.3 Individual Pension
6.4.4 Individual Other Insurance
6.5 Group Life Insurance
6.5.1 Group Whole Life
6.5.2 Group Superannuation
6.6 Life Insurance Growth Prospects By Customer Segment
6.6.1 Individual Single-premium Policies
6.6.2 Individual Non-single-premium Policies
6.6.3 Group Single-premium Policies
6.6.4 Group Non-single-premium Policies
6.7 Life Insurance Growth Prospects By Product Type
6.7.1 Total Non-linked Business
7 Analysis By Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels
8 Porter’s Five Forces Analysis – Argentine Life Insurance
8.1 Bargaining Power Of Suppliers: Low To Medium
8.2 Bargaining Power Of Buyers: Medium
8.3 Barriers To Entry: High
8.4 Intensity Of Rivalry: Medium
8.5 Threat Of Substitutes: Low
9 Reinsurance Growth Dynamics And Challenges
9.1 Reinsurance Segment Size, 2009–2018
9.2 Reinsurance Segment Size By Premium Ceded, 2009–2018
10 Governance, Risk And Compliance
10.1 Legislation Overview And Historical Evolution
10.2 Legislation And Market Practice By Type Of Insurance
10.2.1 Life Insurance
10.2.2 Property Insurance
10.2.3 Motor Insurance
10.2.4 Marine, Aviation And Transit Insurance
10.2.5 Personal Accident And Health Insurance
10.3 Compulsory Insurance
10.3.1 Social Security Scheme
10.3.2 Motor Third-party Liability Insurance
Life Insurance in Argentina, Key Trends and Opportunities to 2018

3. 10.4 Supervision And Control
10.4.1 International Association Of Insurance Supervisors
10.4.2 Association Of Insurance Supervisors Latin America
10.4.3 Superintendence Of Insurance (ssn)
10.5 Non-admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market Practices
10.5.4 Fines And Penalties
10.6 Company Registration And Operations
10.6.1 Types Of Insurance Organization
10.6.2 Establishing A Local Company
10.6.3 Foreign Ownership
10.6.4 Types Of License
10.6.5 Capital Requirements
10.6.6 Solvency Margins
10.6.7 Reserve Requirements
10.6.8 Investment Regulations
10.6.9 Statutory Return Requirements
10.6.10 Fee Structure
10.7 Taxation
10.7.1 Insurance Premium Or Policy Taxation
10.7.2 Withholding Taxes On Premium Paid Overseas
10.7.3 Corporate Tax
10.7.4 Vat
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access To Court
10.8.3 Alternative Dispute Resolution (adr)
11 Competitive Landscape And Strategic Insights
11.1 Overview
11.2 Leading Companies In The Argentine Life Insurance Segment
11.3 Comparison Of The Top Five Insurers
11.3.1 Gross Written Premium
11.3.2 Net Earned Premium
11.3.3 Gross Claims
11.3.4 Commission And Expenses
11.4 La Estrella Sa Compañía De Seguros De Retiro – Company Overview
11.4.1 La Estrella Sa Compañía De Seguros De Retiro – Key Facts
11.4.2 La Estrella Sa Compañía De Seguros De Retiro – Key Financials
11.5 Metlife Seguros De Vida Sa – Company Overview
11.5.1 Metlife Seguros De Vida Sa – Key Facts
11.5.2 Metlife Seguros De Vida Sa – Key Financials
11.6 Hsbc Seguros De Vida Argentina Sa – Company Overview
11.6.1 Hsbc Seguros De Vida Argentina Sa – Key Facts
11.6.2 Hsbc Seguros De Vida Argentina Sa – Key Financials
11.7 Mapfre Argentina Seguros De Vida Sa – Company Overview
11.7.1 Mapfre Argentina Seguros De Vida Sa – Key Facts
11.7.2 Mapfre Argentina Seguros De Vida Sa – Key Financials
11.8 Bhn Vida Sa – Company Overview
11.8.1 Bhn Vida Sa – Key Facts
11.8.2 Bhn Vida Sa – Key Financials
11.9 Prudential Seguros Sa – Company Overview
11.9.1 Prudential Seguros Sa – Key Facts
11.9.2 Prudential Seguros Sa – Key Financials
11.1 Smg Life Seguros De Vida Sa – Company Overview
11.10.1 Smg Life Seguros De Vida Sa – Key Facts
11.10.2 Smg Life Seguros De Vida Sa – Key Financials
11.11 Zurich International Life Ltd (argentina) – Company Overview
11.11.1 Zurich International Life Ltd (argentina) – Key Facts
11.11.2 Zurich International Life Ltd (argentina) – Key Financials
11.12 Origenes Seguros De Vida Sa – Company Overview
11.12.1 Origenes Seguros De Vida Sa – Key Facts
11.12.2 Origenes Seguros De Vida Sa – Key Financials
11.13 Nacion Seguros De Retiro Sa – Company Overview
Life Insurance in Argentina, Key Trends and Opportunities to 2018

4. 11.13.1 Nacion Seguros De Retiro Sa – Key Facts
11.13.2 Nacion Seguros De Retiro Sa – Key Financials
12 Business Environment And Country Risk
12.1 Business Confidence
12.1.1 Market Capitalization Trend – Buenos Aires Stock Exchange, Argentina
12.2 Economic Performance
12.2.1 Gdp At Current Prices (us$)
12.2.2 Gdp Per Capita At Current Prices (us$)
12.2.3 Gdp By Key Sector
12.2.4 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us$)
12.2.5 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp
12.2.6 Manufacturing Net Output At Current Prices (us$)
12.2.7 Manufacturing Net Output At Current Prices As A Percentage Of Gdp
12.2.8 Mining, Manufacturing And Utilities At Current Prices (us$)
12.2.9 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp
12.2.10 Construction Net Output At Current Prices, (us$)
12.2.11 Construction Net Output At Current Prices As A Percentage Of Gdp
12.2.12 Inflation Rate
12.2.13 Exports As A Percentage Of Gdp
12.2.14 Imports As A Percentage Of Gdp
12.2.15 Merchandise Exports Growth
12.2.16 Merchandise Imports Growth
12.2.17 Annual Average Exchange Rate Eur–us$
12.3 Infrastructure
12.3.1 Commercial Vehicles Exports – Total Value
12.3.2 Commercial Vehicles Imports – Total Value
12.3.3 Automotive Exports – Total Value
12.3.4 Automotive Imports – Total Value
12.3.5 Total Internet Subscribers
12.4 Labor Force
12.4.1 Unemployment Rate
12.5 Demographics
12.5.1 Gross National Disposable Income (us$)
12.5.2 Total Population
12.5.3 Urban And Rural Populations
12.5.4 Age Distribution Of The Total Population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer
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Life Insurance in Argentina, Key Trends and Opportunities to 2018