Chile Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Chile industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 Chilian non-life insurance market had total gross written premiums of $6.7 6.7 billion in 2022, representing a compound annual growth rate (CAGR) of 9.9% between 2017 and 2022.
The Property segment accounted for market's the largest proportion in 2022, with total gross written premiums of $2.9 billion, equivalent to 42.6% of the market's overall value.
Chile's non-life insurance market experienced strong growth overall in the historical period between 2017 to 2022, with a growth rate of 14.7% in 2022.The cost of claims for non-life insurance providers will rise as a result of inflation increases in Chile's insurance customers' costs.
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 Chile
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Chile
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 Chile non-life insurance market with five year forecasts
Reasons to Buy
What was the size of the Chile non-life insurance market by value in 2022?
What will be the size of the Chile non-life insurance market in 2027?
What factors are affecting the strength of competition in the Chile non-life insurance market?
How has the market performed over the last five years?
What are the main segments that make up Chile's non-life insurance market?
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. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?