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 Claims
4.2.3 Profitability
4.2.4 Assets and investments

5 OUTLOOK BY CATEGORY
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Claims
5.1.4 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Claims
5.2.4 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Claims
5.3.4 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Claims
5.4.4 Profitability

6 DISTRIBUTION CHANNEL OUTLOOK

7 NATURAL AND MAN-MADE HAZARDS
7.1 Flooding
7.2 Droughts
7.3 Storms
7.4 Exposure

8 COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Banco de Seguros del Estado - company overview
8.1.2 Seguros Sura SA - company overview
8.1.3 Mapfre Uruguay Compañia de Seguros SA (Grales) - company overview
8.1.4 Porto Seguro - Seguros del Uruguay SA - company overview
8.1.5 Sancor Seguros SA - company overview

9 GOVERNANCE, RISK AND COMPLIANCE
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Workers' compensation insurance
9.4.2 Motor third-party liability insurance
9.4.3 Liability for ships with respect to oil pollution
9.4.4 Aviation liability insurance
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 Association of Insurance Supervisors Latin America
9.5.3 Superintendence of Insurance and Reinsurance
9.5.4 Asociación Uruguaya de Empresas Aseguradoras
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margin
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxations
9.8.2 Withholding taxes on premium paid overseas.
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution

10 DATABOOK
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Assets and Investments
10.4 Property Insurance
10.5 Property Insurance by Product
10.6 Motor Insurance
10.7 Liability Insurance
10.8 Marine, Aviation and Transit Insurance

11 DEFINITIONS AND METHODOLOGY
11.1 Definitions
11.2 Methodology

12 ABOUT TIMETRIC
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetric's Services
12.4 Disclaimer

List of Tables
Table 1: Uruguayan Non-Life Insurance - Key Facts, 2016
Table 2: Uruguayan Non-Life Insurance - Segment Shares of the Top Insurers, 2016
Table 3: Uruguayan Government Credit Ratings
Table 4: Uruguayan Non-Life Insurance - Gross Written Premium (UYU Billion and US$ Million), 2012-2016
Table 5: Uruguayan Non-Life Insurance - Penetration (%), 2012-2016
Table 6: Uruguayan Non-Life Insurance - Gross Written Premium (UYU Billion and US$ Million), 2016-2021
Table 7: Uruguayan Non-Life Insurance - Penetration (%), 2016-2021
Table 8: Uruguayan Non-Life Insurance - Premium per Capita (UYU and US$), 2012-2016
Table 9: Uruguayan Non-Life Insurance - Premium per Capita (UYU and US$), 2016-2021
Table 10: Uruguayan Non-Life Insurance - Paid Claims (UYU Billion and US$ Million), 2012-2016
Table 11: Uruguayan Non-Life Insurance - Paid Claims (UYU Billion and US$ Million), 2016-2021
Table 12: Uruguayan Non-Life Insurance - Profitability Ratio (%), 2012-2016
Table 13: Uruguayan Non-Life Insurance - Profitability Ratio (%), 2016-2021
Table 14: Uruguayan Non-Life Insurance - Total Assets (UYU Billion and US$ Billion), 2012-2016
Table 15: Uruguayan Non-Life Insurance - Total Assets (UYU Billion and US$ Billion), 2016-2021
Table 16: Uruguayan Non-Life Insurance - Total Investment Income (UYU Billion and US$ Million), 2012-2016
Table 17: Uruguayan Non-Life Insurance - Total Investment Income (UYU Billion and US$ Million), 2016-2021
Table 18: Uruguayan Non-Life Insurance - Investment Portfolio (UYU Billion), 2012-2016
Table 19: Uruguayan Non-Life Insurance - Investment Portfolio (UYU Billion), 2016-2021
Table 20: Uruguayan Non-Life Insurance - Direct Written Premium by Category (UYU Billion), 2012-2016
Table 21: Uruguayan Non-Life Insurance - Direct Written Premium by Category (UYU Billion), 2016-2021
Table 22: Uruguayan Property Insurance - Direct Written Premium by Sub-Category (UYU Billion), 2012-2016
Table 23: Uruguayan Property Insurance - Direct Written Premium by Sub-Category (UYU Billion), 2016-2021
Table 24: Uruguayan Property Insurance - Paid Claims (UYU Billion and US$ Million), 2012-2016
Table 25: Uruguayan Property Insurance - Paid Claims (UYU Billion and US$ Million), 2016-2021
Table 26: Uruguayan Property Insurance - Loss Ratio (%), 2012-2016
Table 27: Uruguayan Property Insurance - Loss Ratio (%), 2016-2021
Table 28: Uruguayan Motor Insurance - Direct Written Premium (UYU Billion), 2012-2016
Table 29: Uruguayan Motor Insurance - Direct Written Premium (UYU Billion), 2016-2021
Table 30: Uruguayan Motor Insurance - Paid Claims (UYU Billion and US$ Million), 2012-2016
Table 31: Uruguayan Motor Insurance - Paid Claims (UYU Billion and US$ Million), 2016-2021
Table 32: Uruguayan Motor Insurance - Loss Ratio (%), 2012-2016
Table 33: Uruguayan Motor Insurance - Loss Ratio (%), 2016-2021
Table 34: Uruguayan Liability Insurance - Direct Written Premium (UYU Million and US$ Million), 2012-2016
Table 35: Uruguayan Liability Insurance - Direct Written Premium (UYU Million and US$ Million), 2016-2021
Table 36: Uruguayan Liability Insurance - Paid Claims (UYU Million and US$ Million), 2012-2016
Table 37: Uruguayan Liability Insurance - Paid Claims (UYU Million and US$ Million), 2016-2021
Table 38: Uruguayan Liability Insurance - Loss Ratio (%), 2012-2016
Table 39: Uruguayan Liability Insurance - Loss Ratio (%), 2016-2021
Table 40: Uruguayan Transport Network - Global Rankings, 2016
Table 41: Uruguayan Marine, Aviation and Transit Insurance - Direct Written Premium (UYU Million and US$ Million), 2012-2016
Table 42: Uruguayan Marine, Aviation and Transit Insurance - Direct Written Premium (UYU Million and US$ Million), 2016-2021
Table 43: Uruguayan Marine, Aviation and Transit Insurance - Paid Claims (UYU Million and US$ Million), 2012-2016
Table 44: Uruguayan Marine, Aviation and Transit Insurance - Paid Claims (UYU Million and US$ Million), 2016-2021
Table 45: Uruguayan Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2016
Table 46: Uruguayan Marine, Aviation and Transit Insurance - Loss Ratio (%), 2016-2021
Table 47: Uruguay - Average Annual Loss by Hazard, 1990-2014
Table 48: Uruguayan Non-Life Insurance - Segment Shares of the Leading Insurers (%), 2016
Table 49: Banco de Seguros del Estado - Key Facts
Table 50: Banco de Seguros del Estado - Key Financials (UYU Million), 2012-2016
Table 51: Seguros Sura SA - Key Facts
Table 52: Seguros Sura SA - Key Financials (UYU Million), 2012-2016
Table 53: Mapfre Uruguay Compañia de Seguros SA (Grales)- Key Facts
Table 54: Mapfre Uruguay Compañia de Seguros SA (Grales)- Key Financials (UYU Million), 2012-2016
Table 55: Porto Seguro - Seguros del Uruguay SA - Key Facts
Table 56: Porto Seguro - Seguros del Uruguay SA - Key Financials (UYU Million), 2012-2016
Table 57: Sancor Seguros SA - Key Facts
Table 58: Sancor Seguros SA - Key Financials (UYU Million), 2012-2016
Table 59: Uruguay - Insurance Regulatory Framework Key Features
Table 60: Uruguay - Life Insurance Regulatory Framework
Table 61: Uruguay - Property Insurance Regulatory Framework
Table 62: Uruguay - Motor Insurance Regulatory Framework
Table 63: Uruguay - Liability Insurance Regulatory Framework
Table 64: Uruguay - Insurance Premium Tax Rates
Table 65: Uruguay - Corporate Tax Rates for the Financial Year 2016
Table 66: Uruguayan Insurance Industry - Policies and Premium, 2012-2016
Table 67: Uruguayan Insurance Industry - Policies and Premium, 2016-2021
Table 68: Uruguayan Non-Life Insurance - Claims and Expenses, 2012-2016
Table 69: Uruguayan Non-Life Insurance - Claims and Expenses, 2016-2021
Table 70: Uruguayan Non-Life Insurance - Assets and Investments, 2012-2016
Table 71: Uruguayan Non-Life Insurance - Assets and Investments, 2016-2021
Table 72: Uruguayan Non-Life Insurance - Property Insurance, 2012-2016
Table 73: Uruguayan Non-Life Insurance - Property Insurance, 2016-2021
Table 74: Uruguayan Non-Life Insurance - Property Insurance by Product, 2012-2016
Table 75: Uruguayan Non-Life Insurance - Property Insurance by Product, 2016-2021
Table 76: Uruguayan Non-Life Insurance - Motor Insurance, 2012-2016
Table 77: Uruguayan Non-Life Insurance - Motor Insurance, 2016-2021
Table 78: Uruguayan Non-Life Insurance - Liability Insurance, 2012-2016
Table 79: Uruguayan Non-Life Insurance - Liability Insurance, 2016-2021
Table 80: Uruguayan Non-Life Insurance - Marine, Aviation and Transit Insurance, 2012-2016
Table 81: Uruguayan Non-Life Insurance - Marine, Aviation and Transit Insurance, 2016-2021
Table 82: Insurance Industry Definitions

List of Figures
Figure 1: Uruguayan GDP Composition by Sector, 2016
Figure 2: Uruguayan Real GDP (UYU Billion), 2012-2021
Figure 3: Uruguayan Consumer Price Inflation (%), 2012-2021
Figure 4: Uruguayan Exchange Rate (UYU-US$), 2012-2021
Figure 5: Uruguayan Current Account Balance as Percentage of GDP (%), 2012-2021
Figure 6: Uruguayan Unemployment Rate, 2012-2021
Figure 7: Uruguayan Population by Age Group, 1991-2025
Figure 8: Uruguayan Non-Life Insurance Penetration - Regional Comparison (%), 2016
Figure 9: Uruguayan Insurance Segment By Direct Written Premium Shares - Regional Comparison (%), 2016
Figure 10: Uruguayan Non-Life Insurance - Gross Written Premium (UYU Billion), 2012-2021
Figure 11: Uruguayan Non-Life Insurance - Penetration (%), 2012-2021
Figure 12: Uruguayan Non-Life Insurance - Premium per Capita (UYU), 2012-2021
Figure 13: Uruguayan Non-Life Insurance - Paid Claims (UYU Billion), 2012-2021
Figure 14: Uruguayan Non-Life Insurance - Profitability Ratio (%), 2012-2021
Figure 15: Uruguayan Non-Life Insurance - Total Assets (UYU Billion), 2012-2021
Figure 16: Uruguayan Non-Life Insurance - Total Investment Income (UYU Billion), 2012-2021
Figure 17: Uruguayan Non-Life Insurance - Investment Portfolio (UYU Billion), 2012-2021
Figure 18: Uruguayan Non-Life Insurance - Investment Portfolio Dynamics by Types of Investment, 2012-2021
Figure 19: Uruguayan Non-Life Insurance - Direct Written Premium by Category (UYU Billion), 2012-2021
Figure 20: Uruguayan Non-Life Insurance - Direct Written Premium Dynamics by Category, 2012-2021
Figure 21: Uruguayan Property Insurance - Direct Written Premium by Sub-Category (UYU Billion), 2012-2021
Figure 22: Uruguayan Property Insurance - Direct Written Premium Dynamics by Sub-Category, 2012-2021
Figure 23: Uruguayan Property Insurance - Paid Claims (UYU Billion), 2012-2021
Figure 24: Uruguayan Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (UYU Billion and %), 2012-2021
Figure 25: Uruguayan Motor Insurance - Direct Written Premium (UYU Billion), 2012-2021
Figure 26: Uruguayan Motor Insurance - Paid Claims (UYU Billion), 2012-2021
Figure 27: Uruguayan Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (UYU Billion and %), 2012-2021
Figure 28: Uruguayan Liability Insurance - Direct Written Premium (UYU Million), 2012-2021
Figure 29: Uruguayan Liability Insurance - Paid Claims (UYU Million), 2012-2021
Figure 30: Uruguayan Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (UYU Million and %), 2012-2021
Figure 31: Uruguayan Marine, Aviation and Transit Insurance - Direct Written Premium (UYU Billion), 2012-2021
Figure 32: Uruguayan Marine, Aviation and Transit Insurance - Paid Claims (UYU Million), 2012-2021
Figure 33: Uruguayan Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (UYU Billion and %), 2012-2021
Figure 34: Uruguay - Frequency of Hazards by Type, 1990-2014
Figure 35: Uruguay - Mortality by Hazard Type, 1990-2014
Figure 36: Uruguay - Economic Loss by Hazard Type, 1990-2014
Figure 37: Uruguayan Non-Life Insurance - Segment Shares of the Leading Insurers (%), 2016
Figure 38: Uruguay - Insurance Supervision and Control at Various Levels
Figure 39: Uruguay - Insurance Regulatory Frameworks for Company Registration and Operation

Companies Mentioned
• Banco de Seguros del Estado
• Seguros Sura SA
• Mapfre Uruguay Compañia de Seguros SA (Grales)
• Porto Seguro - Seguros del Uruguay SA
• Sancor Seguros SA
• AIG Seguros Uruguay SA
• Compañia Cooperativa de Seguros Surco
• HDI Seguros SA
• Far Compañia de Seguros SA
• Berkley International Seguros SA (Uruguay)