Argentina Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Argentina industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Argentinian non-life insurance market had total gross written premiums of $11.2 billion in 2022, representing a compound annual growth rate (CAGR) of 35.7% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $3.6 billion, equivalent to 31.9% of the market's overall value.
- Argentina's inflation will raise the cost of insurance clients, which will increase the cost of claims for non-life insurance companies.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Argentina
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Argentina
- 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 Argentina non-life insurance market with five year forecasts by both value and volume
- What was the size of the Argentina non-life insurance market by value in 2022?
- What will be the size of the Argentina non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Argentina non-life insurance market?
- How has the market performed over the last five years?
- How large is Argentina’s non-life insurance market in relation to its regional counterparts?
- 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 strategies do leading players follow?
- 7.4. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. Banco de la Provincia de Buenos Aires
- 8.2. Federacion Patronal Seguros S.A.
- 8.3. Grupo Asegurador La Segunda
- 8.4. Grupo Sancor Seguros
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Argentina non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Argentina non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Argentina non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Argentina non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Argentina non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Argentina non-life insurance market share: % share, by value, 2022(e)
- Table 7: Banco de la Provincia de Buenos Aires: key facts
- Table 8: Banco de la Provincia de Buenos Aires: Key Employees
- Table 9: Federacion Patronal Seguros S.A.: key facts
- Table 10: Federacion Patronal Seguros S.A.: Key Employees
- Table 11: Grupo Asegurador La Segunda: key facts
- Table 12: Grupo Sancor Seguros: key facts
- Table 13: Grupo Sancor Seguros: Key Employees
- Table 14: Argentina size of population (million), 2018–22
- Table 15: Argentina gdp (constant 2005 prices, $ billion), 2018–22
- Table 16: Argentina gdp (current prices, $ billion), 2018–22
- Table 17: Argentina inflation, 2018–22
- Table 18: Argentina consumer price index (absolute), 2018–22
- Table 19: Argentina exchange rate, 2017–21
- List of Figures
- Figure 1: Argentina non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Argentina non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Argentina non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Argentina non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Argentina, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Argentina, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Argentina, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Argentina, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Argentina, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Argentina, 2022
- Figure 11: Argentina non-life insurance market share: % share, by value, 2022(e)
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