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Non-Life Insurance in Mexico

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    Report

  • 43 Pages
  • November 2024
  • Region: Mexico
  • MarketLine
  • ID: 6049675
Non-Life Insurance in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
  • The Mexican non-life insurance market recorded written premiums of $26.6 billion in 2023, representing a compound annual growth rate (CAGR) of 11.3% between 2018 and 2023.
  • The motor segment accounted for the market's largest proportion in 2023, with total written premiums of $8.7 billion, equivalent to 32.6% of the market's overall value.
  • According to the publisher, in 2023, Mexico held a market share of 1.2% of the North American non-life insurance market.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Mexico
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Mexico
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Mexico non-life insurance market with five year forecasts

Reasons to Buy

  • What was the size of the Mexico non-life insurance market by value in 2023?
  • What will be the size of the Mexico non-life insurance market in 2028?
  • What factors are affecting the strength of competition in the Mexico non-life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Mexico's non-life insurance market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths and strategies of the leading players?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. Grupo Nacional Provincial SAB
8.2. AXA Seguros SA de CV
8.3. MetLife Mexico SA
8.4. Qualitas Controladora SAB de CV
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Mexico non-life insurance market value: $ billion, 2018-23
Table 2: Mexico non-life insurance market category segmentation: % share, by value, 2018-23
Table 3: Mexico non-life insurance market category segmentation: $ billion, 2018-23
Table 4: Mexico non-life insurance market geography segmentation: $ billion, 2023
Table 5: Mexico non-life insurance market value forecast: $ billion, 2023-28
Table 6: Mexico non-life insurance market share: % share, by value, 2023
Table 7: Grupo Nacional Provincial SAB: Key Facts
Table 8: Grupo Nacional Provincial SAB: Annual Financial Ratios
Table 9: Grupo Nacional Provincial SAB: Key Employees
Table 10: AXA Seguros SA de CV: Key Facts
Table 11: AXA Seguros SA de CV: Key Employees
Table 12: MetLife Mexico SA: Key Facts
Table 13: MetLife Mexico SA: Key Employees
Table 14: Qualitas Controladora SAB de CV: Key Facts
Table 15: Qualitas Controladora SAB de CV: Annual Financial Ratios
Table 16: Qualitas Controladora SAB de CV: Key Employees
Table 17: Mexico Size of Population (million), 2019-23
Table 18: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 19: Mexico GDP (Current Prices, $ Billion), 2019-23
Table 20: Mexico Inflation, 2019-23
Table 21: Mexico Consumer Price Index (Absolute), 2019-23
Table 22: Mexico Exchange Rate, 2018-23
List of Figures
Figure 1: Mexico non-life insurance market value: $ billion, 2018-23
Figure 2: Mexico non-life insurance market category segmentation: $ billion, 2018-23
Figure 3: Mexico non-life insurance market geography segmentation: % share, by value, 2023
Figure 4: Mexico non-life insurance market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the non-life insurance market in Mexico, 2023
Figure 6: Drivers of buyer power in the non-life insurance market in Mexico, 2023
Figure 7: Drivers of supplier power in the non-life insurance market in Mexico, 2023
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Mexico, 2023
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Mexico, 2023
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Mexico, 2023
Figure 11: Mexico non-life insurance market share: % share, by value, 2023

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Grupo Nacional Provincial SAB
  • AXA Seguros SA de CV
  • MetLife Mexico SA
  • Qualitas Controladora SAB de CV