Mexico Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, 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 Mexican non-life insurance market had total gross written premiums of $18.1 billion in 2022, representing a compound annual growth rate (CAGR) of 9.1% between 2017 and 2022.
- The Liability segment accounted for market's the largest proportion in 2022, with total gross written premiums of $6.5 billion, equivalent to 35.9% of the market's overall value.
- In 2022, the growing Mexican inflation raises the cost of insurance for consumers and for non-life insurance companies in particular, higher claim expenses are a result of inflation.
- Save time carrying out entry-level research by identifying the size, growth, 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 by both value and volume
- What was the size of the Mexico non-life insurance market by value in 2022?
- What will be the size of the Mexico non-life insurance market in 2027?
- 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?
- 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?
- 8 Company Profiles
- 8.1. AXA SA
- 8.2. Chubb Ltd
- 8.3. Grupo Nacional Provincial SAB
- 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 MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Mexico non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Mexico non-life insurance market category segmentation: % share, by value, 2017-2022(e)
- Table 3: Mexico non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Mexico non-life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Mexico non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Mexico non-life insurance market share: % share, by value, 2022(e)
- Table 7: AXA SA: key facts
- Table 8: AXA SA: Annual Financial Ratios
- Table 9: AXA SA: Key Employees
- Table 10: AXA SA: Key Employees Continued
- Table 11: AXA SA: Key Employees Continued
- Table 12: Chubb Ltd: key facts
- Table 13: Chubb Ltd: Annual Financial Ratios
- Table 14: Chubb Ltd: Key Employees
- Table 15: Chubb Ltd: Key Employees Continued
- Table 16: Chubb Ltd: Key Employees Continued
- Table 17: Chubb Ltd: Key Employees Continued
- Table 18: Grupo Nacional Provincial SAB: key facts
- Table 19: Grupo Nacional Provincial SAB: Annual Financial Ratios
- Table 20: Grupo Nacional Provincial SAB: Key Employees
- Table 21: Qualitas Controladora SAB de CV: key facts
- Table 22: Qualitas Controladora SAB de CV: Annual Financial Ratios
- Table 23: Qualitas Controladora SAB de CV: Key Employees
- Table 24: Mexico size of population (million), 2018-22
- Table 25: Mexico gdp (constant 2005 prices, $ billion), 2018-22
- Table 26: Mexico gdp (current prices, $ billion), 2018-22
- Table 27: Mexico inflation, 2018-22
- Table 28: Mexico consumer price index (absolute), 2018-22
- Table 29: Mexico exchange rate, 2017-21
- List of Figures
- Figure 1: Mexico non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Mexico non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Mexico non-life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Mexico non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Mexico, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Mexico, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Mexico, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Mexico, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Mexico, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Mexico, 2022
- Figure 11: Mexico non-life insurance market share: % share, by value, 2022(e)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook