Reinsurance in Chile, Key Trends and Opportunities to 2016

Reinsurance in Chile, Key Trends and Opportunities to 2016
Reinsurance plays a key role in the Chilean insurance industry, especially in terms of catastrophe
exposures, as generally domestic insurers do not have the capital to mitigate these risks. Chile is the
most seismically active country in the world with the highest frequency of earthquakes, which therefore
increases the business potential for reinsurance companies. In February 2010, a large earthquake
affected the central and southern regions of the country, which, in business terms, was considered one
of the largest insurance losses ever registered outside of Europe and the US.
Scope
This report provides a comprehensive analysis of the reinsurance market in Chile:
It provides historical values for the Chilean reinsurance market for the review period (2007-
2011) and forecast period (2012-2016)
It offers a detailed analysis of the key sub-segments in the Chilean reinsurance market, along
with market forecasts until 2016
It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in
Chile and its growth prospects
It profiles the top reinsurance companies in Chile
Get your copy of this report @ http://www.reportsnreports.com/reports/168366-reinsurance-in-chile-
key-trends-and-opportunities-to-2016.html

Report Details:
Published: June 2012
No. of Pages: 95
Price: Single User License - US$1950 Corporate User License - US$5850


Key highlights
The growth of Chile's life, non-life, and personal accident and health insurance segments is
expected to drive the reinsurance industry over the forecast period.
The Chilean reinsurance industry is dominated by international reinsurance companies. This is
because Chile opened up its reinsurance segment to foreign companies in 1980. Chile is the
most seismically active country in the world and consequently registers the highest frequency of
earthquakes, enlarging the business potential for reinsurance companies.
Chile was affected by a major earthquake in February 2010, resulting in incurred losses for
insurance companies. The incurred loss from the earthquake was estimated to be US$8.5 billion;
however, 95% of the losses were covered by reinsurance companies.

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As of December 2010 there were 117 foreign reinsurers and one domestic reinsurer operating in
Chile. The leading reinsurers include Munich Re, Swiss Re, Munich Re America, Caza
Reseguradora, Metlife Chile Reseguros, and OHIO National Reseguros.
Reasons to buy
Make strategic business decisions using in depth historic and forecast market data related to the
Chilean reinsurance market and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the
Chilean reinsurance market
Assess the competitive dynamics in the reinsurance market
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Chilean insurance market and its impact on
companies and the market's future
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