Summary
Non-Life Insurance in Chile industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Chilian non-life insurance market had total gross written premiums of $6.7 6.7 billion in 2022, representing a compound annual growth rate (CAGR) of 9.9% between 2017 and 2022.
- The Property segment accounted for market's the largest proportion in 2022, with total gross written premiums of $2.9 billion, equivalent to 42.6% of the market's overall value.
- Chile's non-life insurance market experienced strong growth overall in the historical period between 2017 to 2022, with a growth rate of 14.7% in 2022.The cost of claims for non-life insurance providers will rise as a result of inflation increases in Chile's insurance customers' costs.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Chile
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Chile
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Chile non-life insurance market with five year forecasts
Reasons to Buy
- What was the size of the Chile non-life insurance market by value in 2022?
- What will be the size of the Chile non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Chile non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Chile's non-life insurance market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. Banco de Credito e Inversiones SA
8.2. HDI-Global SE
8.3. Seguros Generales Suramericana
8.4. Zurich Insurance Group Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. About MarketLine
List of Tables
Table 1: Chile non-life insurance market value: $ billion, 2017-22(e)
Table 2: Chile non–life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Chile non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Chile non–life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Chile non-life insurance market value forecast: $ billion, 2022-27
Table 6: Chile non-life insurance market share: % share, by value, 2022(e)
Table 7: Banco de Credito e Inversiones SA: key facts
Table 8: Banco de Credito e Inversiones SA: Annual Financial Ratios
Table 9: Banco de Credito e Inversiones SA: Key Employees
Table 10: HDI-Global SE: key facts
Table 11: HDI-Global SE: Key Employees
Table 12: Seguros Generales Suramericana: key facts
Table 13: Seguros Generales Suramericana: Key Employees
Table 14: Zurich Insurance Group Ltd: key facts
Table 15: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 16: Zurich Insurance Group Ltd: Key Employees
Table 17: Zurich Insurance Group Ltd: Key Employees Continued
Table 18: Chile size of population (million), 2018–22
Table 19: Chile gdp (constant 2005 prices, $ billion), 2018–22
Table 20: Chile gdp (current prices, $ billion), 2018–22
Table 21: Chile inflation, 2018–22
Table 22: Chile consumer price index (absolute), 2018–22
Table 23: Chile exchange rate, 2017–21
List of Figures
Figure 1: Chile non-life insurance market value: $ billion, 2017-22(e)
Figure 2: Chile non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Chile non–life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Chile non-life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the non-life insurance market in Chile, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Chile, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Chile, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Chile, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Chile, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Chile, 2022
Figure 11: Chile non-life insurance market share: % share, by value, 2022(e)
