[November 21, 2014]

Research and Markets: Life Insurance in Chile, Key Trends and Opportunities to 2018

Research and Markets (http://www.researchandmarkets.com/research/bdnpmj/life_insurance_in) has announced the addition of the "Life Insurance in Chile, Key Trends and Opportunities to 2018" report to their offering.

Life insurance was the largest segment in the Chilean insurance industry in 2013, and contributed 58.1% of its total gross written premium. The country's strong private pension system and tax benefits associated with general annuity products were the segment's primary contributors of growth. Chile's demographics include a large working-age population, rising employment opportunities and falling inflation, which supported the life segment's growth during the review period (2009-2013).

Significant growth opportunities are projected for the segment over the forecast period (2013-2018) as its large growth potential has yet to be fully explored by insurers. The penetration of life insurance in Chile is lower than in OECD countries such as France, Germany and the UK, offering potential for life insurers to gain market share by developing and roviding innovative, cost-effective products over the forecast period. Other factors projected to influence the segment's growth include middle-class population growth, rising demand for pension and insurance products, and the introduction of reforms in education, pension, employment etc. by the Chilean government in 2014.

Key Highlights

• Life insurance was the largest segment in the Chilean insurance industry in 2013.
• The country's strong private pension system and tax benefits associated with general annuity products were the segment's primary contributors of growth.
• Chile's demographics include a large working-age population, rising employment opportunities and falling inflation, which supported the life segment's growth during the review period (2009-2013).
• The penetration of life insurance in Chile is lower than in OECD countries such as France, Germany and the UK, offering potential for life insurers to gain market share by developing and providing innovative, cost-effective products over the forecast period.
• The expansion of distribution networks across Chile played a key role in the life segment's development during the review period, with life insurers recognizing the need to develop effective distribution models to match the needs of the country's socio-economically diverse regions.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Chilean Insurance Industry Attractiveness

4 Life Insurance Outlook

5 Analysis by Distribution Channel

6 Porter's Five Force Analysis - Chilean Life Insurance Segment

7 Reinsurance Growth Dynamics and Challenges

8 Governance, Risk and Compliance

9 Competitive Landscape and Strategic Insights

10 Business Environment and Country Risk

11 Appendix

Companies Mentioned

• MetLife
• Chilena Consolidada
• Consorcio Nacional
• Sura
• Corpvida
• Bice
• Penta
• Security Prevision
• Principal
• EuroAmerica

For more information visit http://www.researchandmarkets.com/research/bdnpmj/life_insurance_in

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