Personal Accident and Health Insurance in Uruguay, Key Trends and Opportunities to 2018


#253959

197pages

Timetric

$ 1950

In Stock

Synopsis

The report provides in-depth market analysis, information and insights into the Uruguayan personal accident and health insurance segment, including:

  • The Uruguayan 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
  • The various distribution channels in the Uruguayan personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Uruguay
  • Detailed regulatory policies of the Uruguayan insurance industry
  • Analysis of various consumer segments in Uruguayan personal accident and health insurance
  • Key developments in the Uruguayan personal accident and health insurance segment
  • New products launched by Uruguayan personal accident and health insurers
Executive summary

  • Timetric’s 'Personal Accident and Health Insurance in the Uruguay, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Uruguayan personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country. 
  • The report brings together Timetric’s 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 regulatory structure.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Uruguay:

  • It provides historical values for the Uruguayan personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Uruguayan personal accident and health insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for personal accident and health insurance products in Uruguay.
  • It profiles the top personal accident and health insurance companies in Uruguay and outlines the key regulations affecting them.
Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Uruguayan personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Uruguayan personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify the growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Uruguayan insurance industry and their impact on companies and the industry's future.

Key highlights

  • The personal accident and health insurance segment was the smallest and slowest-growing segment in the Uruguayan insurance industry.
  • The growth was supplemented by compulsory social security contributions, rising healthcare costs and the expanding middle income group.
  • The Uruguayan public healthcare system provides necessary services to low-income groups. However, long waiting times make it an unattractive option for middle and higher income groups. 
  • The high number of suicides and traffic accidents were leading reasons for an increased demand for personal accident insurance category in Uruguay.
  • However, the increasing inflation and rising threat of terminal diseases is projected to affect insurer’s claims and losses over the forecast period.
  • The Uruguayan personal accident and health insurance segment was dominated by agencies and brokers, with the channels generating XX.X% of the segments total gross written premiums in 2013.