Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Assets and investments
5 Outlook by Sub-Segment
5.1 Individual Life Insurance
5.1.1 Premium
5.1.2 Policies sold
5.1.3 Penetration
5.2 Group Life Insurance
5.2.1 Premium
5.2.2 Policies sold
5.2.3 Penetration
6 Distribution Channel Outlook
7 Competitive Landscape
7.1 Company Profiles
7.1.1 La Estrella SA Compañía de Seguros de Retiro – company overview
7.1.2 BHN Vida SA – company overview
7.1.3 HSBC Seguros de Vida Argentina SA – company overview
7.1.4 Prudential Seguros SA – company overview
7.1.5 Zurich International Life Ltd Sucursal Argentina – company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Civil liability insurance for passenger transport vehicles
8.4.3 Clinical trials liability insurance
8.4.4 Social security scheme
8.4.5 Professional indemnity insurance for reinsurance brokers
8.4.6 Third party liability insurance for lift operators
8.4.7 Bond insurance for travel agents
8.4.8 Professional indemnity insurance for directors and managers of public and private limited companies
8.4.9 Insurance for drones
8.4.10 Mandatory group life insurance
8.4.11 Liability insurance for ships with respect to oil pollution
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Association of Insurance Supervisors Latin America
8.5.3 Superintendence of Insurance
8.5.4 Asociacion de Administradores de Riesgos de la Republica Argentina
8.5.5 Asociación Argentina de Compañías de Seguros
8.5.6 Aseguradores del Interior de la República Argentina
8.5.7 Asociación de Aseguradores de Vida y Retiro de la República Argentina
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Databook
9.1 Policies and Premium
9.2 Claims and Expenses
9.3 Assets and Investments
9.4 Direct Marketing
9.5 Insurance Brokers and Agencies
9.6 Bancassurance and Other Distribution Channels
9.7 Individual Life Insurance
9.8 Individual Life Insurance by Product
9.9 Group Life Insurance
9.1 Group Life Insurance by Product
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetric’s Services
11.4 Disclaimer


List of Tables
Table 1: Argentine Life Insurance – Key Facts, 2015
Table 2: Argentine Life Insurance – Segment Shares of the Top Insurers, 2015
Table 3: Argentina – Government Credit Ratings
Table 4: Argentine Life Insurance – Gross Written Premium (ARS Billion and US$ Billion), 2011–2015
Table 5: Argentine Life Insurance – Penetration (%), 2011–2015
Table 6: Argentine Life Insurance – Gross Written Premium (ARS Billion and US$ Billion), 2015–2020
Table 7: Argentine Life Insurance – Penetration (%), 2015–2020
Table 8: Argentine Life Insurance – Premium per Capita (ARS and US$), 2011–2015
Table 9: Argentine Life Insurance – Premium per Capita (ARS and US$), 2015–2020
Table 10: Argentine Life Insurance – Number of Policies Sold (Million), 2011–2015
Table 11: Argentine Life Insurance – Number of Policies Sold (Million), 2015–2020
Table 12: Argentine Life Insurance – Paid Claims (ARS Billion and US$ Billion), 2011–2015
Table 13: Argentine Life Insurance – Paid Claims (ARS Billion and US$ Billion), 2015–2020
Table 14: Argentine Life Insurance – Total Assets (ARS Billion and US$ Billion), 2011–2015
Table 15: Argentine Life Insurance – Total Assets (ARS Billion and US$ Billion), 2015–2020
Table 16: Argentine Life Insurance – Total Investment Income (ARS Billion and US$ Billion), 2011–2015
Table 17: Argentine Life Insurance – Total Investment Income (ARS Billion and US$ Billion), 2015–2020
Table 18: Argentine Life Insurance – Investment Portfolio (ARS Billion), 2011–2015
Table 19: Argentine Life Insurance – Investment Portfolio (ARS Billion), 2015–2020
Table 20: Argentine Life Insurance – Direct Written Premium by Sub-Segment (ARS Billion),2011–2015
Table 21: Argentine Life Insurance – Direct Written Premium by Category (ARS Billion), 2015–2020
Table 22: Argentine Individual Life Insurance – Direct Written Premium by Category (ARS Million), 2011–2015
Table 23: Argentine Individual Life Insurance – Direct Written Premium by Category (ARS Million), 2015–2020
Table 24: Argentine Individual Life Insurance – Number of Policies Sold by Category (Thousand), 2011–2015
Table 25: Argentine Individual Life Insurance – Number of Policies Sold by Category (Thousand), 2015–2020
Table 26: Argentine Group Life Insurance – Direct Written Premium by Category (ARS Billion), 2011–2015
Table 27: Argentine Group Life Insurance – Direct Written Premium by Category (ARS Billion), 2015–2020
Table 28: Argentine Group Life Insurance – Number of Policies Sold by Category (Billion), 2011–2015
Table 29: Argentine Group Life Insurance – Number of Policies Sold by Category (Billion), 2015–2020
Table 30: Argentine Life Insurance – Market Shares of Leading Insurers (%), 2015
Table 31: La Estrella SA Compañía de Seguros de Retiro SA – Key Facts
Table 32: La Estrella SA Compañía de Seguros de Retiro SA – Key Financials (ARS Million), 2011–2015
Table 33: BHN Vida SA – Key Facts
Table 34: BHN Vida SA – Key Financials (ARS Million), 2011–2015
Table 35: HSBC Seguros de Vida Argentina SA – Key Facts
Table 36: HSBC Seguros de Vida Argentina SA – Key Financials (ARS Million), 2011–2015
Table 37: Prudential Seguros SA – Key Facts
Table 38: Prudential Seguros SA – Key Financials (ARS Million), 2011–2015
Table 39: Zurich International Life Ltd Sucursal Argentina – Key Facts
Table 40: Zurich International Life Ltd Sucursal Argentina – Key Financials (ARS Million), 2011–2015
Table 41: Argentina – Insurance Regulatory Framework Key Features
Table 42: Argentina – Life Insurance Regulatory Framework
Table 43: Argentina – Property Insurance Regulatory Framework
Table 44: Argentina – Motor Insurance Regulatory Framework
Table 45: Argentina – Liability Insurance Regulatory Framework
Table46: Argentina – Corporate Tax Rates for the Financial Year 2016
Table 47: Argentine Life Insurance – Policies and Premium, 2011–2015
Table 48: Argentine Life Insurance – Policies and Premium, 2015–2020
Table 49: Argentine Life Insurance – Claims and Expenses, 2011–2015
Table 50: Argentine Life Insurance – Claims and Expenses, 2015–2020
Table 51: Argentine Life Insurance – Assets and Investments, 2011–2015
Table 52: Argentine Life Insurance – Assets and Investments, 2015–2020
Table 53: Argentine Life Insurance – Direct Marketing, 2011–2015
Table 54: Argentine Life Insurance – Direct Marketing, 2015–2020
Table 55: Argentine Life Insurance – Insurance Brokers and Agencies, 2011–2015
Table 56: Argentine Life Insurance – Insurance Brokers and Agencies, 2015–2020
Table 57: Argentine Life Insurance – Insurance Brokers and Agencies, 2011–2015
Table 58: Argentine Life Insurance – Insurance Brokers and Agencies, 2015–2020
Table 59: Argentine Life Insurance – Individual Life Insurance, 2011–2015
Table 60: Argentine Life Insurance – Individual Life Insurance, 2015–2020
Table 61: Argentine Life Insurance – Individual Life Insurance by Product, 2011–2015
Table 62: Argentine Life Insurance – Individual Life Insurance by Product, 2015–2020
Table 63: Argentine Life Insurance – Group Life Insurance, 2011–2015
Table 64: Argentine Life Insurance – Group Life Insurance, 2015–2020
Table 65: Argentine Life Insurance – Group Life Insurance by Product, 2011–2015
Table 66: Argentine Life Insurance – Group Life Insurance by Product, 2015–2020
Table 67: Insurance Industry Definitions


List of Figures
Figure 1: Argentina – Real GDP (ARS Billion), 2011–2020
Figure 2: ARS–US$ Exchange Rate, 2011–2020
Figure 3: Argentina – Current Account Balance, 2011–2020
Figure 4: Argentina – Unemployment Rate, 2011–2020
Figure 5: Argentina – Population by Age Group, 1991–2025
Figure 6: Argentine Life Insurance Penetration – Regional Comparison (%), 2015
Figure 7: Argentine Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2015
Figure 8: Argentine Life Insurance – Gross Written Premium (ARS Billion), 2011–2020
Figure 9: Argentine Life Insurance – Penetration (%), 2011–2020
Figure 10: Argentine Life Insurance – Premium per Capita (ARS), 2011–2020
Figure 11: Argentine Life Insurance – Number of Policies Sold (Million), 2011–2020
Figure 12: Argentine Life Insurance – Paid Claims (ARS Billion), 2011–2020
Figure 13: Argentine Life Insurance – Total Assets (ARS Billion), 2011–2020
Figure 14: Argentine Life Insurance – Total Investment Income (ARS Billion), 2011–2020
Figure 15: Argentine Life Insurance – Investment Portfolio (ARS Billion), 2011–2020
Figure 16: Argentine Life Insurance – Investment Portfolio Dynamics by Category, 2011–2020
Figure 17: Argentine Life Insurance – Direct Written Premium by Category (ARS Billion), 2011–2020
Figure 18: Argentine Life Insurance – Direct Written Premium Share (%) by Category, 2011–2020
Figure 19: Argentine Life Insurance – Direct Written Premium Dynamics by Category, 2011–2020
Figure 20: Argentine Individual Life Insurance – Direct Written Premium by Category (ARS Billion), 2011–2020
Figure 21: Argentine Individual Life Insurance – Direct Written Premium Share by Category, 2011–2020
Figure 22: Argentine Individual Life Insurance – Direct Written Premium Dynamics by Category, 2011–2020
Figure 23: Argentine Individual Life Insurance – Number of Policies Sold by Category (Million), 2011–2020
Figure 24: Argentine Individual Life Insurance – Penetration (%), 2011–2015
Figure 25: Argentine Individual Life Insurance – Penetration (%), 2015–2020
Figure 26: Argentine Group Life Insurance – Direct Written Premium by Category (ARS Billion), 2011–2020
Figure 27: Argentine Group Life Insurance – Direct Written Premium Share by Category (ARS Billion), 2011–2020
Figure 28: Argentine Group Life Insurance – Direct Written Premium Dynamics by Category (ARS Billion), 2011–2020
Figure 29: Argentine Group Life Insurance – Number of Policies Sold by Category (Billion), 2011–2020
Figure 30: Argentine Group Life Insurance – Penetration (%), 2011–2015
Figure 31: Argentine Group Life Insurance – Penetration (%), 2015–2020
Figure 32: Argentine Life Insurance – Market Shares of Leading Insurers (%), 2015
Figure 33: Argentina – Insurance Supervision and Control at Various Levels
Figure 34: Argentina – Insurance Regulatory Frameworks for Company Registration and Operation