Compare Countries. Latin America Heat map. In Latin America. Last Updated: December 2010

Transcription

1 Compare Countries Latin America Heat map In Latin America BUSINESS ENVIRONMENT GDP GDP Population Population GDP per capita GDP per capita INSURANCE ENVIRONMENT Insurance Market /2009 Insurance Market /2009 Non-Motor Market /2009 Brokered Market LLOYD S BUSINESS Lloyd s Premiums Lloyd s Premiums filip.wuebbeler@lloyds.com Last Updated: December 2010

2 2010 TOTAL GDP IN PURCHASING POWER PARITY (PPP) USD 1,500bn+ 1. Brazil 2. Mexico USD 200bn+ 3. Argentina 4. Colombia 5. Venezuela 6. Peru 7. Chile USD 70bn+ 8. Ecuador 9. Dominican Republic 10. Guatemala GDP in billion USD PPP indicates the purchasing power of a country and can therefore reflect potential demand. PPP takes into account as if there was a standard international currency used by all countries and determining the cost for that measure. In other words, PPP is the amount of a certain basket of basic goods which can be bought in the given country with the standard international currency. Expressed in billion USD. Indicator is based on IMF, (2010)

3 2015 TOTAL GDP IN PURCHASING POWER PARITY (PPP) USD 2,000bn+ 1. Brazil 2. Mexico USD 300bn+ 3. Argentina 4. Colombia 5. Venezuela 6. Peru 7. Chile USD 90bn+ 8. Ecuador 9. Dominican Republic 10. Guatemala GDP in billion USD PPP indicates the purchasing power of a country and can therefore reflect potential demand. PPP takes into account as if there was a standard international currency used by all countries and determining the cost for that measure. In other words, PPP is the amount of a certain basket of basic goods which can be bought in the given country with the standard international currency. Expressed in billion USD. Indicator is based on IMF, (2010)

4 POPULATION 100m+ 1. Brazil 2. Mexico 40m+ 3. Colombia 4. Argentina 10m+ 5. Peru 6. Venezuela 7. Chile 8. Guatemala 9. Ecuador 10. Bolivia Population in million Population indicates the number of people living in a particular market Indicator is based on IMF, (2010)

5 2015 POPULATION 100m+ 1. Brazil 2. Mexico 40m+ 3. Colombia 4. Argentina 10m+ 5. Peru 6. Venezuela 7. Chile 8. Guatemala 9. Ecuador 10. Bolivia Population in million Population indicates the number of people living in a particular market Indicator is based on IMF, (2010)

6 2010 PURCHASING POWER PARITY PER CAPITA USD 20k+ 1. Bahamas 2. Trinidad and Tobago USD 15k+ 3. Barbados 4. Antigua and Barbuda 5. Argentina USD 14k+ 6. Chile 7. Mexico 8. Uruguay 9. St Kitts and Nevis 10. Panama Purchasing Power Parity per capita in thousand USD Purchasing Power Per Capita gives an indication of the Purchasing Power per resident. Expressed in thousand USD. Indicator is based on IMF, (2010)

7 2015 PURCHASING POWER PARITY PER CAPITA USD 25k+ 1. Bahamas 2. Trinidad and Tobago 3. Barbados 4. Antigua and Barbuda USD 14k+ 5. Chile 6. Mexico 7. Argentina 8. Uruguay 9. Panama 10. Brazil Purchasing Power Parity per capita in thousand USD Purchasing Power Per Capita gives an indication of the Purchasing Power per resident. Expressed in thousand USD. Indicator is based on IMF, (2010)

8 TOTAL NON-LIFE DIRECT INSURANCE USD 7bn+ 1. Brazil 2. Mexico USD 1bn+ 3. Argentina 4. Venezuela 5. Colombia 6. Chile USD 300m+ 7. Peru 8. Ecuador 9. Dominican Republic 10. Costa Rica Gross Written Premiums in billion USD Non-Life Direct Insurance Gross Written Premiums expressed in billion USD. Note that white areas are missing values. Indicator is based on: Sigma, (2009

9 2008 / 2009 TOTAL NON-LIFE DIRECT INSURANCE USD 19bn+ 1. Brazil USD 10bn+ 2. Venezuela 3. Mexico USD 2bn+ 4. Puerto Rico 5. Argentina 6. Colombia 7. Chile USD 500m+ 8. Peru 9. Ecuador 10. Dominican Republic Gross Written Premiums in billion USD Non-Life Direct Insurance Gross Written Premiums expressed in billion USD. Note that white areas are missing values. Indicator is based on Axco, (2010); Sigma, (2009) and Market Intelligence estimates from regulators & associations

10 2008 / 2009 NON-LIFE NON-MOTOR DIRECT INSURANCE USD 8bn+ 1. Venezuela 2. Brazil USD 1bn+ 3. Mexico 4. Argentina 5. Colombia 6. Chile 7. Puerto Rico USD 400m+ 8. Peru 9. Ecuador 10. Panama Gross Written Premiums in billion USD Non-Life Direct Non-Motor Gross Written Premiums expressed in billion USD. Estimates based on latest available information. Note that white areas are missing values. Indicator is based on Axco, (2010) and Market Intelligence estimates from regulators & associations

11 2008 / 2009 ESTIMATE FOR TOTAL NON-LIFE BROKERED MARKET USD 10bn+ 1. Brazil USD 1bn+ 2. Mexico 3. Argentina 4. Chile USD 400m+ 5. Peru 6. Dominican Republic Gross Written Premiums in billion USD USD 10m+ 7. Bolivia 8. Aruba 9. Guam 10. Haiti Estimate for Brokered Market size in Gross Written Premiums expressed in billion USD. Estimates based on latest available information. Note that white areas are missing values. Indicator is based on Axco, (2010) and Market Intelligence estimates from regulators & associations

12 2007 TOTAL LLOYD S GROSS SIGNED PREMIUMS (GSP) USD 200m+ 1. Mexico USD 75m+ 2. Cayman Islands 3. Brazil 4. Bahamas 5. Barbados 6. Chile USD 45m+ 7. Puerto Rico 8. Trinidad and Tobago 9. Venezuela 10. Colombia Gross Signed Premiums in million USD Country-level Lloyd s data used in this map is based on calendar year signed gross premiums sourced from Xchanging. This differs from the Lloyd s data published in the Annual Report. The accounting-level Lloyd s data published in the Annual Report is based on calendar year written gross premiums sourced directly from Syndicates. Differences are therefore explained by (1) the timing differences between written and signed gross premiums and (2) inconsistent use of rates of exchange between Syndicates and Xchanging. Indicator is based on Xchanging, (2010) Gross Signed Premiums by country of origin and calendar year basis.

13 2009 TOTAL LLOYD S GROSS SIGNED PREMIUMS (GSP) USD 300m+ 1. Mexico USD 150m+ 2. Brazil 3. Cayman Islands USD 75m+ 4. Chile 5. Bahamas 6. Venezuela USD 60m+ 7. Venezuela 8. Colombia 9. Trinidad and Tobago 10. Puerto Rico Gross Signed Premiums in million USD Country-level Lloyd s data used in this map is based on calendar year signed gross premiums sourced from Xchanging. This differs from the Lloyd s data published in the Annual Report. The accounting-level Lloyd s data published in the Annual Report is based on calendar year written gross premiums sourced directly from Syndicates. Differences are therefore explained by (1) the timing differences between written and signed gross premiums and (2) inconsistent use of rates of exchange between Syndicates and Xchanging. Indicator is based on Xchanging, (2010) Gross Signed Premiums by country of origin and calendar year basis.

14 Appendix BUSINESS ENVIRONMENT Purchasing Power Parity (PPP) indicates the purchasing power of a country and can therefore reflect potential demand. PPP takes into account as if there was a standard international currency used by all countries and determining the cost for that measure. In other words, PPP is the amount of a certain basket of basic goods which can be bought in the given country with the standard international currency. For international comparison, the PPP is expressed in USD. SOURCE: IMF, Global Database, (May 2010), Insurance ENVIRONMENT While all insurance market figures are based on Market Intelligence calculations, Axco, Country Statistics form the core of the high level insurance market statistics, unless more up to date figures are available from the regulator and/or local associations. SOURCE: Axco, Statistics, (August 2010), LLOYD S BUSINESS The detailed country-level Lloyd s data used in this document is based on calendar year signed gross premiums sourced from Xchanging. This differs from the Lloyd s data published in the Annual Report. The accounting-level Lloyd s data published in the Annual Report is based on calendar year written gross premiums sourced directly from Syndicates. Differences are therefore explained by (1) the timing differences between written and signed gross premiums and (2) inconsistent use of rates of exchange between Syndicates and Xchanging. Please note the information contained in this document is based upon data collected from Xchanging and may be incomplete for some classes of business; for instance a substantial figure, which is missing from the REG 258 data set is comprised of UK Motor, which is not processed by Xchanging. Lloyd s figures are based on gross signed premiums based on figures processed by Xchanging by processing year and country of origin. Gross Premiums: Original and additional inward premiums, plus any amount in respect of administration fees or policy expenses remitted with a premium but before the deduction of outward reinsurance premiums. Country of Origin: Denotes the country from where demand for the insurance / reinsurance emanates; i.e. the coverholder or policyholder, irrespective of the country to which the risk is classified for regulatory reporting purposes. Processing Year: Relates to the calendar year in which the premium, additional or return premium is processed by Xchanging, irrespective of the actual underwriting year of account of the risks (which is determined by the inception date of each risk). Example: A policy holder in the UK insuring a holiday home in France would be classified as a UK risk by Country Of Origin, but French for regulatory reporting purposes. Similarly a risk incepting on 1st December 2007 would be classified at 2007 Underwriting Year of Account but may not be processed by Xchanging until 2008 and so be allocated to the 2008 processing year. SOURCE: Xchanging, (May 2010), Compare Countries & COUNTRY PROFILES Managing Agents can download detailed statistics contained in this document at: Managing Agents and Brokers have access to Country Profiles for key territories at: All products are summarised on the website of the Market Intelligence team at: > Managing Agent Spreadsheet Disclaimer This document is intended for general information purposes only. Whilst all care has been taken to ensure the accuracy of the information, Lloyd's does not accept any responsibility for any errors or omissions. Lloyd's does not accept any responsibility or liability for any loss to any person acting or refraining from action as a result of, but not limited to, any statement, fact, figure, expression of opinion or belief contained in this document.