Timetrics 'Non-Life Insurance in Chile Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Chilean non-life insurance segment, and a comparison of the Chilean insurance industry with its regional counterparts.
It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Chilean economy and demographics, explains the various types of natural hazard and their impact on the Chilean insurance industry, and provides detailed information on the competitive landscape in the country.
The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
This report provides a comprehensive analysis of the non-life insurance segment in Chile:
It provides historical values for the Chilean non-life insurance segment for the reports 2012-2016 review period, and projected figures for the 2016-2021 forecast period.
It offers a detailed analysis of the key categories in the Chilean non-life insurance segment, and market forecasts to 2021.
It provides a comparison of the Chilean non-life insurance segment with its regional counterparts
It analyzes the various distribution channels for non-life insurance products in Chile.
It analyzes various natural hazards and their impact on the Chilean insurance industry
It profiles the top non-life insurance companies in Chile, and outlines the key regulations affecting them.
Timetrics 'Non-Life Insurance in Chile Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Chilean non-life insurance segment, including:
The Chilean non-life segments detailed outlook by product category
A comprehensive overview of the Chilean economy and demographics
A comparison of the Chilean non-life insurance segment with its regional counterparts
The various distribution channels in the Chilean non-life insurance segment
Detailed analysis of natural hazards and their impact on the Chilean insurance industry
Details of the competitive landscape in the non-life insurance segment in Chile
Details of regulatory policy applicable to the Chilean insurance industry
Make strategic business decisions using in-depth historic and forecast market data related to the Chilean non-life insurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Chilean non-life insurance segment.
Assess the competitive dynamics in the non-life insurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Chilean insurance industry, and their impact on companies and the industry's future.
On February 10, 2017, the government enacted Law No 21,000 that will replace the existing insurance regulator, SVS (Superintendencia de Valores y Seguros) with the Financial Markets Commission (CMF). The transition is expected to be completed by 2017.
On October 5, 2015, twelve Pacific Rim countries - Canada, the US, Chile, Mexico, Peru, Japan, Vietnam, Malaysia, Brunei, Singapore, Australia and New Zealand - entered into the Trans-Pacific Partnership (TPP) trade pact in Atlanta. However, the new US government withdrew from the deal in January 2017, effectively ending it.
During the review period, cybercrime and data breaches increased in Latin America, and several Chilean government websites were hacked.
Chilean law allows 100.0% foreign direct investment in the insurance industry and foreign insurance companies are permitted to establish and provide insurance business in the country.