life insurance in maxico

Healthcare in Mexico is provided via public institutions, private entities, or private physicians. Healthcare delivered through private organizations operates entirely on the free-market system, i.e., it is available to those who can afford it. This is also the case of healthcare obtained from private physicians at their private office or clinic. Public healthcare delivery, on the other hand, is accomplished via an elaborate provisioning and delivery system put in place by the Mexican Federal Government. In 2012, Mexico achieved universal healthcare.As of December 31, 2013, there were4,466 hospitals in Mexico

History

The Mexican healthcare program IMSS was founded in 1943 during the presidency of Manuel Avila Camacho. In the early 1990s, Mexico showed clear signs of having entered a transitional stage in the health of its population. When compared with 1940 or even 1970, Mexico in the 1990s exhibited mortality patterns that more closely approximated those found in developed societies. By 2009, during the notorious swine flu pandemic, the World Health Organization director said that Mexico "gave the world a model of rapid and transparent reporting, aggressive control measures, and generous sharing of data and samples". The CDC's flu director Nancy Cox, added that Mexico's response "impressed the entire world".^[Hospitals were established in Mexico in the early sixteenth century, including ones exclusively for Indians. Some were established by the crown, others by private endowment, but most by the Catholic Church. Bishop Vasco de Quiroga established hospital complexes in Michoacan in the sixteenth century. In Mexico City, conqueror Hernán Cortés established the Hospital de Jesús Nazareno for Indians, which still functions as a hospital.The Hospicio Cabañas in Guadalajara, Jalisco, Mexico, was founded in 1791. The institution, still functioning, is now a World Heritage Site. It is one of the oldest and largest hospital complexes in Latin America. The complex was founded by the Bishop of Guadalajara to combine the functions of a workhouse, hospital, orphanage, and almshouse.

Public healthcare delivery

The Instituto Nacional de Cancerología

Public Healthcare delivery is accomplished via an elaborate provisioning and delivery system instituted by the Mexican Federal Government. It is provided to all Mexican citizens as guaranteed via Article 4 of the Constitution. Public care is either fully or partially subsidized by the federal government, depending on the person's (Spanish: derechohabiente's) employment status. All Mexican citizens are eligible for subsidized healthcare regardless of their work status via a system of health care facilities operating under the federalSecretariat of Health (formerly the Secretaria de Salubridad y Asistencia, or SSA) agency.

The Secretariat of Health's Seguro Popular offers coverage to Mexicans that do not have formal employment. The program currently covers over 55 million people.

Employed citizens and their dependents, however, are further eligible to use the program administered and operated by the Instituto Mexicano del Seguro Social (IMSS) (English: Mexican Social Security Institute). The IMSS program is a tripartite system funded equally by the employee, its private employer, and the federal government. There are 58 million people covered through IMSS.

The IMSS does not provide service to employees of the public sector. Employees in the public sector are serviced by the Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE) (English: Institute for Social Security and Services for State Workers), which attends to the health and social care needs of government employees. This includes local, state, and federal government employees. There are nearly 13 million people covered through ISSSTE.

The government of the states in Mexico also provide health services independently of those services provided by the federal government programs. In most states, the state government has established free or subsidized healthcare to all their citizens.

The Secretariat of Health (Secretaria de Salud) is the largest public healthcare institution, operating 809 hospitals throughout the country. The Mexican Social Security Institute(Instituto Mexicano del Seguro Social - IMSS) grants hospital care and services to employed citizens and their dependents - there are 279 hospitals affiliated to IMSS. TheInstitute for Social Security and Services for State Workers (Instituto de Serguridad y Servicios Sociales de los Trabajadores del Estado - ISSSTE) grants hospital care and services to government employees - there are 115 hospitales affiliated to ISSSTE. The remaining 279 hospitals are affiliated with 9 government dependencies, including State Facilities, Secretariat of National Defense (Secretaria de Defensa Nacional), Mexican Navy (Secretaria de Marina), Petroleos Mexicanos (PEMEX), and the Red Cross (Cruz Roja).

The public hospital infrastructure required hospitals to be spread over a territory of 761,600 sq miles (1.973 million km²). As such, the public hospital infrastructure relies on a vast network of small hospitals. Over 50% of public hospitals have less than 50 beds.

The report provides in-depth market analysis, information and insights into the Mexican life insurance segment, including:
• The Mexican life insurance segment's growth prospects by life insurance categories
• Key trends and drivers for the life insurance segment
• The various distribution channels in the Mexican life insurance segment
• The detailed competitive landscape in the life insurance segment in Mexico
• Detailed regulatory policies of the Mexican insurance industry
• A description of the life reinsurance segment in Mexica
• Porter's Five Forces analysis of the life insurance segment
• A benchmarking section on the Mexican life insurance segment in comparison with other countries in the Latin American region

Summary

Life insurance was the largest segment in the Mexican insurance industry in 2013, accounting for 46.2% of the industry's gross written premiums. Led by sustained economic growth and favorable demographics, the segment expanded at a review-period CAGR of 11.2%. Growth in the segment is primarily led by strong demand for products with protection and savings components such as pension and endowment. From the diverse range of life insurance products, pension and term-life categories registered the highest CAGRs of 24.9% and 12.4% respectively during the review period.

Scope

This report provides a comprehensive analysis of the life insurance segment in Mexico:
• It provides historical values for the Mexican life insurance segment for the report's 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categories in the Mexican life insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for life insurance products in Mexico.
• Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Mexico for the life insurance business.
• It provides a detailed analysis of the reinsurance segment in Mexico and its growth prospects.
• It profiles the top life insurance companies in Mexico and outlines the key regulations affecting them.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Mexican life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Mexican life insurance segment
• Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Mexican insurance industry and its impact on companies and the market's future

Key Highlights

• After Brazil, Mexico has the second-largest economy in Latin America, and the fourth-highest GDP per capita after Chile, Brazil and Argentina.
• The growth in the insurance industry during the review period was partly due to the robust regulatory environment, rising middle-class population and favorable demographic dividend.
• Agencies were the most popular channel for distributing life insurance products in 2013, accounting for 33.7% of the new business written premium.
• As of 2013, there were 48 life insurance companies operating in the life segment. Foreign companies dominated the segment, accounting for 60% of life insurance premiums in 2013.
• The pension category registered the highest CAGR of 23.1% during the review period, supported by the growing demand for saving and protection insurance products.
• A lack of proper insurance knowledge is acting as a hindrance for the growth of the Mexican life insurance industry.