Reinsurance in Ecuador, Key Trends and Opportunities to 2019

Reinsurance in Ecuador, Key Trends and Opportunities to 2019

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Published on Oct 26, 2015 - 36 pages

Timetric's 'Reinsurance in Ecuador, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Ecuadorian reinsurance segment, including:
  • The Ecuadorian reinsurance segment's growth prospects by reinsurance ceded from direct insurance
  • A comprehensive overview of the Ecuadorian economy and demographics
  • Detailed analysis of natural hazards and their impact on the Ecuadorian insurance industry
  • The competitive landscape in the Ecuadorian reinsurance segment
Report Highlights
  • The Ecuadorian reinsurance segment posted a review-period CAGR of 22.0% in terms of gross written premium.
  • The growth of the reinsurance segment was supported by large investments in infrastructure.
  • Frequent occurrence of natural disasters to propel property insurance.
  • The premium accepted by the reinsurance segment increased from US$36.2 million in 2010 to US$80.2 million in 2014, at a review-period CAGR of 22.0%.
  • Regulatory changes may lead to segment consolidation.
Report Scope

This report provides a comprehensive analysis of the reinsurance segment in Ecuador:
  • It provides historical values for the Ecuadorian reinsurance 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 reinsurance segment, along with market forecasts until 2019.
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Ecuador and its growth prospects.
Reasons to Get this Report
  • Make strategic business decisions using in-depth historic and forecast market data related to the Ecuadorian reinsurance segment and each sector within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Ecuadorian reinsurance segment.
  • Identify the 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 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2010-2019
5.2 Reinsurance Segment Size by Premium Ceded, 2010-2019
6 Key Industry Drivers
6.1 Reinsurance Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Natural Hazards
7.1 Flood and Landslide
7.2 Earthquake
7.3 Volcanic Activity
7.4 Tsunami
7.5 Exposure
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in reinsurance segment
8.2.1 Compania Reaseguradora del Ecuador SA - Company Overview
8.2.2 Universal Compania de Reaseguros - Company Overview
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 Reinsurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Ecuadorian Government Credit Ratings
Table 4: Ecuadorian Reinsurance - Premium Accepted (US$ Million), 2010-2014
Table 5: Ecuadorian Reinsurance - Premium Accepted (US$ Million), 2014-2019
Table 6: Ecuadorian Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2010-2014
Table 7: Ecuadorian Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2014-2019
Table 8: Ecuadorian Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 9: Ecuadorian Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 10: Ecuadorian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 11: Ecuadorian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 12: Ecuadorian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 13: Ecuadorian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 14: Ecuadorian Average Annual Loss by Hazard (US$ Million), 1990-2014
Table 15: Key Reinsurers in Reinsurance Segment, 2014
Table 16: Compania Reaseguradora del Ecuador SA - Key Facts
Table 17: Compania Reaseguradora del Ecuador SA - Key Financials (US$ Million), 2010-2014
Table 18: Universal Compania de Reaseguros - Key Facts
Table 19: Universal Compania de Reaseguros - Key Financials (US$ Million), 2010-2014

List of Figures

Figure 1: Ecuadorian Real GDP (US$ Billion), 2010-2019
Figure 2: Ecuadorian Consumer Price Inflation, 2010-2019
Figure 3: Ecuadorian Current Account Balance as Percentage of GDP (%), 2010-2019
Figure 4: Ecuadorian Unemployment Rate, 2010-2019
Figure 5: Ecuadorian Population by Age Group, 1990-2025
Figure 6: Ecuadorian Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2010-2019
Figure 7: Ecuadorian Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2010-2019
Figure 8: Ecuadorian Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 9: Ecuadorian Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 10: Ecuadorian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 11: Ecuadorian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 12: Ecuadorian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 13: Ecuadorian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 14: Life Insurance Penetration in Latin America, 2014
Figure 15: Ecuadorian - Frequency and Combined Economic Losses of Natural Disasters by Type, 1990-2014

Companies Mentioned:

Compania Reaseguradora del Ecuador SA
Universal Compania de Reaseguros