Quantcast

Mexico

Life Report

Product Insurance Market Reports Life Rev Mexico

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice

 

  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Mexico's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Mexico's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Mexico

The Mexico life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Mexico. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Mexico and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Mexico’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Mexico is available.

Axco’s report describes the regulatory framework that applies to the Mexican domestic life insurance sector, including whether non-admitted insurance is permitted in Mexico; as well as the legislation necessary to know regarding Mexico’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Mexico with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Mexican market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

Healthcare

The report describes the public and private healthcare system in Mexico, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Pensions

Axco reports on the three pillars of Mexican pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Mexico report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Mexico Life and Benefits Report Extract

Below are brief extracts of information from the Mexico Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

In terms of global rankings, Mexico ranked 59th in the world in 2019 for life insurance penetration: penetration is lower than some other countries in the region, such as Colombia and Puerto Rico, but higher than others such as Brazil.

Life insurance premiums (excluding PA & healthcare) grew by 11.55% in 2019. Group premium represents 23% of total premium, individual 67%, and "other" 10%. AMIS predicts ....

Pensions

The pension system is comprised of three pillars: the first pillar universal pension - mandatory contributions to individual pension accounts on a defined contribution (DC) basis managed by private pension fund administrators (AFOREs), second pillar - contributions to an occupational pension plan, most commonly available to executives and managers, and third pillar - savings plans that can be used to provide for retirement ....

Healthcare

In terms of global rankings, Mexico ranked 57th in the world in 2019 for PA and healthcare penetration.

PA and healthcare premiums grew by 7.87% in 2019, following good growth in the previous two years: 11.57% in 2018 and 9.80% in 2017. PA and healthcare is an important segment of the market, representing 15.44% of total premium in 2019.

There are two main types of cover: medical expenses and ....

Back to Report Store

You may also be interested in these reports...

£850

Ready to talk? We're here to help.

Whether you need more information or to discuss which products are best suited to your needs, our dedicated team are here to help.

Get in touch