Personal Accident and Health Insurance in Ecuador, Key Trends and Opportunities to 2019

Personal Accident and Health Insurance in Ecuador, Key Trends and Opportunities to 2019

Regular price $1,450.00 Sale

Published on Oct 25, 2015 - 114 pages

Timetric's 'Personal Accident and Health Insurance in Ecuador, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Ecuadorian personal accident and health insurance segment, including:
  • The Ecuadorian personal accident and health insurance segment's growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of the Ecuadorian economy and demographics
  • Details of the competitive landscape in the personal accident and health insurance segment in Ecuador
  • Details of regulatory policy applicable to the Ecuadorian insurance industry
Report Highlights
  • The Ecuadorian personal and health segment posted a review-period CAGR of 10.9%.
  • This expansion can be contributed to rising healthcare expenditure, large-scale government awareness programs for health insurance, and an increasing number of accidents.
  • The personal accident category dominated the segment, with a 62.1% share of its gross written premium in 2014.
  • Health insurance was one of the segment's fastest-growing categories, with a review-period CAGR of 25.2%.
  • Stable economic development to drive growth in the personal accident and health segment.
  • The Ecuadorian personal accident and health segment is highly concentrated, with the 10 leading companies accounting for 92.6% of the total gross written premium generated in 2014.
Report Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Ecuador:
  • It provides historical values for the Ecuadorian personal accident and health insurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.
  • It offers a detailed analysis of the key categories in the Ecuadorian personal accident and health insurance segment, along with market forecasts until 2019.
  • It profiles the top personal accident and health insurance companies in Ecuador, and outlines the key regulations affecting them.
Reasons to Get this Report
  • Make strategic business decisions using in-depth historic and forecast market data related to the Ecuadorian personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Ecuadorian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Ecuadorian insurance industry and their impact on companies and the industry's future.


Table of Contents

1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Personal Accident and Health Insurance Segment Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Personal Accident and Health Insurance Growth Prospects by Category
5.4.1 Personal accident insurance
5.4.2 Non-Life Health insurance
6 Analysis by Distribution Channel
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Ecuadorian Personal Accident and Health Insurance Segment
7.2.1 ACE Seguros SA - company overview
7.2.2 Pan American Life Insurance - Company Overview
7.2.3 QBE Seguros ColonialSA - Company Overview
7.2.4 Equivida SA - Company Overview
7.2.5 AIG Metropolitana Cia. de Seguros y Reaseguros SA - Company Overview
7.2.6 Bupa Ecuador SA - Company Overview
7.2.7 Seguros del Pichincha SA - Company Overview
7.2.8 Seguros Sucre SA - Company Overview
7.2.9 Mapfre Atlas Compania de Seguros SA - Company Overview
7.2.10 BMI Financial Group Inc. - Company Overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Traffic accident insurance (SOAT)
8.4.2 General insurance under the Social Security Act
8.4.3 Aviation insurance
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Association of Insurance Supervisors Latin America
8.5.3 Superintendency of Banks and Insurance
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables

Table 1: Ecuadorian Personal Accident and Health Insurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Ecuadorian Government Credit Ratings
Table 4: Ecuadorian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 5: Ecuadorian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 6: Ecuadorian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 7: Ecuadorian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 8: Ecuadorian Personal Accident and Health Insurance - Net Earned Premium (US$ Million), 2010-2014
Table 9: Ecuadorian Personal Accident and Health Insurance - Net Earned Premium (US$ Million), 2014-2019


Companies Mentioned:

ACE Seguros SA
Pan American Life Insurance
QBE Seguros Colonial SA
Equivida SA
AIG Metropolitana Cia. de Seguros y Reaseguros SA
Bupa Ecuador SA
Seguros del Pichincha SA
Seguros Sucre SA
Mapfre Atlas Compania de Seguros SA
BMI Financial Group Inc.