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Insurance Industry in Uruguay 2017

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Unlike most Latin American countries, Uruguay was able to avoid recession during 2008-2009, with GDP rising by 2.9% in 2009. The gross written premium of the insurance industry registered a CAGR of 18.9% to value UYU21.6 billion (US$1.1 billion) in 2012 – PowerPoint PPT presentation

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Title: Insurance Industry in Uruguay 2017


1
The Insurance Industry in Uruguay, Key Trends and
Opportunities to 2017byTimetric
  • Explore all reports for Insurance market
  • _at_
  • http//www.rnrmarketresearch.com/reports/business-
    financial-services/financial-services/insurance-fi
    nancial-services .

2
The Insurance Industry in Uruguay, Key Trends and
Opportunities to 2017
  • Unlike most Latin American countries, Uruguay was
    able to avoid recession during 2008-2009, with
    GDP rising by 2.9 in 2009. The gross written
    premium of the insurance industry registered a
    CAGR of 18.9 to value UYU21.6 billion (US1.1
    billion) in 2012. The penetration rate of the
    industry also rose, from 1.7 in 2008 to 2.2 in
    2012. The industry is very competitive, and since
    its liberalization in 1993 the number of private
    insurance companies has increased there were 16
    insurers operating in the insurance industry in
    2012. Nonetheless, state-owned insurer Banco de
    Seguros del Estado (BSE) continued to lead the
    industry with a 69.3 share of gross written
    premium in 2012.

3
The Insurance Industry in Uruguay, Key Trends and
Opportunities to 2017
  • Scope
  • This report provides a comprehensive analysis of
    the insurance industry in Uruguay
  • ?It provides historical values for the Uruguayan
    insurance industry for the reports 2008-2012
    review period and expected figures for the
    2012-2017 forecast period.
  • ?It offers a detailed analysis of the key
    segments and categories in the Uruguayan
    insurance industry, along with 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
    Uruguay, and outlines the key regulations
    affecting them.
  • Complete report available _at_ http//www.rnrmarketre
    search.com/the-insurance-industry-in-uruguay-key-t
    rends-and-opportunities-to-2017-market-report.html
    .

4
The Insurance Industry in Uruguay, Key Trends and
Opportunities to 2017
  • Reasons To Buy
  • ?Make strategic business decisions using in-depth
    historic and forecast industry data related to
    the Uruguayan insurance industry and each segment
    within it.
  • ?Understand the demand-side dynamics, key trends
    and growth opportunities within the Uruguayan
    insurance industry.
  • ?Assess the competitive dynamics in the Uruguayan
    insurance industry.
  • ?Identify the growth opportunities and market
    dynamics within key segments.
  • ?Gain insights into key regulations governing the
    Uruguayan insurance industry and its impact on
    companies and the industrys future.

5
The Insurance Industry in Uruguay, Key Trends and
Opportunities to 2017
  • Key Highlights
  • ?The non-life segment accounted for 70.3 of the
    industrys gross written premium in 2012. Motor
    insurance accounted for 42 of the segments
    gross written premium in 2012, followed by
    general liability insurance with 38.5
  • ?The life segment registered the fastest CAGR of
    26.7 during the review period, as a result of an
    increase in demand for pension products which
    recorded a CAGR of 37 with a gross written
    premium of UYU2.8 billion (US0.13 billion) in
    2012
  • ?There were 16 insurers operating in the
    insurance industry in 2012. Nonetheless,
    state-owned insurer Banco de Seguros del Estado
    (BSE) continued to lead the industry with a 69.3
    share of gross written premium in 2012
  • ?Unlike most Latin American countries, Uruguay
    was able to avoid recession during 2008-2009,
    with GDP rising by 2.9 in 2009
  • ?Stable economic growth, expanding tourism and
    rising disposable income will act as major
    drivers over the forecast period (2012-2017)

6
The Insurance Industry in Uruguay, Key Trends and
Opportunities to 2017
  • For more details contact Mr. Priyank Tiwari
    sales_at_rnrmarketresearch.com / 18883915441

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