NEW YORK, Nov. 25, 2014 /PRNewswire/ -- Synopsis
The report provides in-depth market analysis, information and insights into the Chilean reinsurance segment, including:
- The Chilean reinsurance segment's growth prospects by reinsurance category
- Key trends and drivers for the reinsurance segment
- Chilean reinsurance segment's growth prospects by reinsurance ceded from direct insurance
- The competitive landscape in the Chilean reinsurance segment
Summary
Reinsurance plays a major role in the Chilean insurance industry, especially for catastrophe exposure, as domestic insurers do not generally have the capital to mitigate these risks. The Chilean reinsurance segment is open to foreign insurers, as there is a negligible number of locally established reinsurers in the country. Non-life insurers cede the largest proportion of premium to reinsurers, while facultative reinsurance was the leading reinsurance category, contributing 60.1% of the segment's gross written premium in 2013.
The high participation of reinsurers is projected to continue over the forecast period (2013–2018), due to the high catastrophic risk underlying the country. The increasing awareness of insurers is further expected to support the segment's growth, which is projected to rise at a forecast-period compound annual growth rate (CAGR) of 11.0% to value CLP47.6 billion (US$95.2 million) by 2018.
Scope
This report provides a comprehensive analysis of the reinsurance segment in Chile :
- It provides historical values for Chile 's reinsurance 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 Chile's reinsurance segment, along with market forecasts until 2018.
- It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Chile and its growth prospects.
Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Chilean reinsurance segment and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities in the Chilean reinsurance segment
- Identify the 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
Key Highlights
- Reinsurance plays a major role in the Chilean insurance industry, especially for catastrophe exposure, as domestic insurers do not generally have the capital to mitigate these risks.
- The treaty reinsurance category accounted for 26.5% of the reinsurance premium in 2013, while the facultative reinsurance category accounted for the remaining 74.5%.
- Non-life insurers cede the largest proportion of premium to reinsurers, while facultative reinsurance was the leading reinsurance category, contributing 60.1% of the segment's gross written premium in 2013.
- The segment is open to foreign insurers, as there are a negligible number of locally established reinsurers in the country.
- Domestic insurers do not have the required capital to cover larger risk, much of which is transferred to international reinsurers with greater resources.
Read the full report: http://www.reportlinker.com/p0923046-summary/view-report.html
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/reinsurance-in-chile-key-trends-and-opportunities-to-2018-300001363.html
SOURCE Reportlinker
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