The Insurance Industry in Guatemala, Key Trends and Opportunities to 2019

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Published: January 28, 2016 Report Code: GD-IS1133MR-ST

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GlobalData’s 'The Insurance Industry in Guatemala, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Guatemalan insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Guatemalan economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country.

It also includes details of insurance regulations, and recent changes in the regulatory structure.

Scope

This report provides a comprehensive analysis of the insurance industry in Guatemala:

• It provides historical values for the Guatemalan insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

• It offers a detailed analysis of the key segments in the Guatemalan insurance industry, and market forecasts to 2019.

• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

• It analyzes the various distribution channels in Guatemala.

• It profiles the top insurance companies in Guatemala and outlines the key regulations affecting them.

Key Highlights

How much did the Guatemalan insurance industry’s gross written premium grow during the review-period?

What body governs the Guatemalan insurance industry?

How many insurers are there operating in Guatemala? What proportion of the total industry’s written premium do the top five companies account for?

How much of the industry's gross written premium is accounted for by the non-life segment? What is the review period CAGR of this segment?

What share of the industry's gross written premium is accounted for by the life segment? What is the review period CAGR of this segment?

What proportion of the industry's gross written premium is accounted for by the personal accident and health segment? What is the review period CAGR of this segment?

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Guatemalan insurance industry and each segment and category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Guatemalan insurance industry.

• Assess the competitive dynamics in the Guatemalan insurance industry.

• Identify the growth opportunities and market dynamics in key segments.

• Gain insights into key regulations governing the Guatemalan insurance industry and their impact on companies and the industry's future.

Seguros El Roble SA
Seguros G&T SA
Aseguradora General SA
Mapfre Seguros Guatemala SA
Aseguradora Rural SA

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Guatemalan Insurance Industry Overview

5 Industry Segmentation

5.1 Life Insurance

5.1.1 Individual life insurance

5.1.2 Group Life Insurance

5.2 Life Insurance by Category

5.2.1 Individual whole life insurance

5.2.2 Individual pension insurance

5.2.3 Group whole life insurance

5.3 Non-Life Insurance

5.3.1 Property insurance

5.3.2 Motor insurance

5.3.3 Liability insurance

5.3.4 Marine, aviation and transit insurance

5.4 Personal Accident and Health Insurance

5.4.1 Personal accident insurance

5.4.2 Health insurance

5.4.3 Travel insurance

5.5 Reinsurance

6 Natural Hazards

6.1 Storms

6.2 Floods

6.3 Landslides

6.4 Volcanoes

6.5 Earthquake

6.6 Drought

6.7 Exposure

7 Competitive Landscape

7.1 Overview

7.2 Leading Companies

7.2.1 Seguros El Roble SA – company overview

7.2.2 Seguros G&T SA – company overview

7.2.3 Aseguradora General SA – company overview

7.2.4 Mapfre Seguros Guatemala SA – company overview

7.2.5 Aseguradora Rural SA – company overview

8 Governance, Risk and Compliance

8.1 Legislation Overview and Historical Evolution

8.2 Latest Changes in Regulations

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 Social security insurance

8.4.2 Insurance for transportation of petroleum products

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 Superintendencia de Bancos de Guatemala

8.5.4 Guatemalan Association of Insurance Institutions (Asociación Guatemalteca de Instituciones de Seguros – AGIS)

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 Types 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

9 Definitions and Methodology

9.1 What is this Report About?

9.2 Definitions

9.3 Methodology

10 Appendix

10.1 Methodology

10.2 Contact GlobalData

10.3 About GlobalData

10.4 GlobalData’s Services

10.5 Disclaimer

Table

Table 1: Guatemalan Insurance Industry – Key Facts

Table 2: Guatemalan Life Insurance – Gross Written Premium by Sub-Segment (GTQ Million), 2010–2014

Table 3: Guatemalan Life Insurance – Gross Written Premium by Sub-Segment (US$ Million), 2010–2014

Table 4: Guatemalan Life Insurance – Gross Written Premium by Sub-Segment (GTQ Million), 2014–2019

Table 5: Guatemalan Life Insurance – Gross Written Premium by Sub-Segment (US$ Million), 2014–2019

Table 6: Guatemalan Life Insurance Segmentation by Gross Written Premium (Percentage Share), 2010–2019

Table 7: Guatemalan Life Insurance – Direct Written Premium by Sub-Segment (GTQ Million), 2010–2014

Table 8: Guatemalan Life Insurance – Direct Written Premium by Sub-Segment (US$ Million), 2010–2014

Table 9: Guatemalan Life Insurance – Direct Written Premium by Sub-Segment (GTQ Million), 2014–2019

Table 10: Guatemalan Life Insurance – Direct Written Premium by Sub-Segment (US$ Million), 2014–2019

Table 11: Guatemalan Life Insurance Segmentation by Direct Written Premium (Percentage Share), 2010–2019

Table 12: Guatemalan Individual Life Insurance – Gross Written Premium by Category (GTQ Million), 2010–2014

Table 13: Guatemalan Individual Life Insurance – Gross Written Premium by Category (US$ Million), 2010–2014

Table 14: Guatemalan Individual Life Insurance – Gross Written Premium by Category (GTQ Million), 2014–2019

Table 15: Guatemalan Individual Life Insurance – Gross Written Premium by Category (US$ Million), 2014–2019

Table 16: Guatemalan Individual Life Insurance – Direct Written Premium by Category (GTQ Million), 2010–2014

Table 17: Guatemalan Individual Life Insurance – Direct Written Premium by Category (US$ Million), 2010–2014

Table 18: Guatemalan Individual Life Insurance – Direct Written Premium by Category (GTQ Million), 2014–2019

Table 19: Guatemalan Individual Life Insurance – Direct Written Premium by Category (US$ Million), 2014–2019

Table 20: Guatemalan Group Life Insurance – Gross Written Premium by Category (GTQ Million), 2010–2014

Table 21: Guatemalan Group Life Insurance – Gross Written Premium by Category (US$ Million), 2010–2014

Table 22: Guatemalan Group Life Insurance – Gross Written Premium by Category (GTQ Billion), 2014–2019

Table 23: Guatemalan Group Life Insurance – Gross Written Premium by Category (US$ Million), 2014–2019

Table 24: Guatemalan Group Life Insurance – Direct Written Premium by Category (GTQ Million), 2010–2014

Table 25: Guatemalan Group Life Insurance – Direct Written Premium by Category (US$ Million), 2010–2014

Table 26: Guatemalan Group Life Insurance – Direct Written Premium by Category (GTQ Billion), 2014–2019

Table 27: Guatemalan Group Life Insurance – Direct Written Premium by Category (US$ Million), 2014–2019

Table 28: Guatemalan Life Insurance – Paid Claims (GTQ Million), 2010–2014

Table 29: Guatemalan Life Insurance – Paid Claims (GTQ Million), 2014–2019

Table 30: Guatemalan Life Insurance – Incurred Loss (GTQ Million), 2010–2014

Table 31: Guatemalan Life Insurance – Incurred Loss (GTQ Million), 2014–2019

Table 32: Guatemalan Life Insurance – Net Written Premium (Percentage of GWP), 2010–2014

Table 33: Guatemalan Life Insurance – Net Written Premium (Percentage of GWP), 2014–2019

Table 34: Guatemalan Life Insurance – Total Assets (GTQ Billion), 2010–2014

Table 35: Guatemalan Life Insurance – Total Assets (GTQ Billion), 2014–2019

Table 36: Guatemalan Life Insurance – Total Investment Income (GTQ Million), 2010–2014

Table 37: Guatemalan Life Insurance – Total Investment Income (GTQ Million), 2014–2019

Table 38: Guatemalan Life Insurance – Net Written Premium (GTQ Million), 2010–2014

Table 39: Guatemalan Life Insurance – Net Written Premium (GTQ Billion), 2014–2019

Table 40: Guatemalan Individual Whole Life Insurance – Gross Written Premium (GTQ Million), 2010–2014

Table 41: Guatemalan Individual Whole Life Insurance – Gross Written Premium (GTQ Million), 2014–2019

Table 42: Guatemalan Individual Pension Insurance – Gross Written Premium (GTQ Million), 2010–2014

Table 43: Guatemalan Individual Pension Insurance – Gross Written Premium (GTQ Million), 2014–2019

Table 44: Guatemalan Group Whole Life Insurance – Gross Written Premium (GTQ Million), 2010–2014

Table 45: Guatemalan Group Whole Life Insurance – Gross Written Premium (GTQ Billion), 2014–2019

Table 46: Guatemalan Non-Life Insurance – Gross Written Premium by Category (GTQ Billion), 2010–2014

Table 47: Guatemalan Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2010–2014

Table 48: Guatemalan Non-Life Insurance – Gross Written Premium by Category (GTQ Billion), 2014–2019

Table 49: Guatemalan Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2014–2019

Table 50: Guatemalan Non-Life Insurance – Direct Written Premium by Category (GTQ Billion), 2010–2014

Table 51: Guatemalan Non-Life Insurance – Direct Written Premium by Category (US$ Million), 2010–2014

Table 52: Guatemalan Non-Life Insurance – Direct Written Premium by Category (GTQ Billion), 2014–2019

Table 53: Guatemalan Non-Life Insurance – Direct Written Premium by Category (US$ Million), 2014–2019

Table 54: Guatemalan Non-Life Insurance – Paid Claims (GTQ Million), 2010–2014

Table 55: Guatemalan Non-Life Insurance – Paid Claims (GTQ Million), 2014–2019

Table 56: Guatemalan Non-Life Insurance – Incurred Loss (GTQ Million), 2010–2014

Table 57: Guatemalan Non-Life Insurance – Incurred Loss (GTQ Billion), 2014–2019

Table 58: Guatemalan Non-Life Insurance – Loss Ratio (%), 2010–2014

Table 59: Guatemalan Non-Life Insurance – Loss Ratio (%), 2014–2019

Table 60: Guatemalan Non-Life Insurance – Combined Ratio (%), 2010–2014

Table 61: Guatemalan Non-Life Insurance – Combined Ratio (%), 2014–2019

Table 62: Guatemalan Non-Life Insurance – Total Assets (GTQ Billion), 2010–2014

Table 63: Guatemalan Non-Life Insurance – Total Assets (GTQ Billion), 2014–2019

Table 64: Guatemalan Non-Life Insurance – Total Investment Income (GTQ Million), 2010–2014

Table 65: Guatemalan Non-Life Insurance – Total Investment Income (GTQ Million), 2014–2019

Table 66: Guatemalan Non-Life Insurance – Net Written Premium (GTQ Billion), 2010–2014

Table 67: Guatemalan Non-Life Insurance – Net Written Premium (GTQ Billion), 2014–2019

Table 68: Guatemalan Property Insurance – Gross Written Premium (GTQ Billion), 2010–2014

Table 69: Guatemalan Property Insurance – Gross Written Premium (GTQ Billion), 2014–2019

Table 70: Guatemalan Motor Insurance – Gross Written Premium (GTQ Billion), 2010–2014

Table 71: Guatemalan Motor Insurance – Gross Written Premium (GTQ Billion), 2014–2019

Table 72: Guatemalan Liability Insurance – Gross Written Premium (GTQ Million), 2010–2014

Table 73: Guatemalan Liability Insurance – Gross Written Premium (GTQ Million), 2014–2019

Table 74: Guatemalan Marine, Aviation and Transit Insurance – Gross Written Premium (GTQ Million), 2010–2014

Table 75: Guatemalan Marine, Aviation and Transit Insurance – Gross Written Premium (GTQ Million), 2014–2019

Table 76: Guatemalan Personal Accident and Health Insurance – Gross Written Premium by Category (GTQ Billion), 2010–2014

Table 77: Guatemalan Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2010–2014

Table 78: Guatemalan Personal Accident and Health Insurance – Gross Written Premium by Category (GTQ Billion), 2014–2019

Table 79: Guatemalan Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2014–2019

Table 80: Guatemalan Personal Accident and Health Insurance – Direct Written Premium by Category (GTQ Million), 2010–2014

Table 81: Guatemalan Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2010–2014

Table 82: Guatemalan Personal Accident and Health Insurance – Direct Written Premium by Category (GTQ Million), 2014–2019

Table 83: Guatemalan Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2014–2019

Table 84: Guatemalan Personal Accident and Health Insurance – Paid Claims (GTQ Million), 2010–2014

Table 85: Guatemalan Personal Accident and Health Insurance – Paid Claims (GTQ Billion), 2014–2019

Table 86: Guatemalan Personal Accident and Health Insurance – Incurred Loss (GTQ Million), 2010–2014

Table 87: Guatemalan Personal Accident and Health Insurance – Incurred Loss (GTQ Billion), 2014–2019

Table 88: Guatemalan Personal Accident and Health Insurance – Loss Ratio (%), 2010–2014

Table 89: Guatemalan Personal Accident and Health Insurance – Loss Ratio (%), 2014–2019

Table 90: Guatemalan Personal Accident and Health Insurance – Combined Ratio (%), 2010–2014

Table 91: Guatemalan Personal Accident and Health Insurance – Combined Ratio (%), 2014–2019

Table 92: Guatemalan Personal Accident and Health Insurance – Total Assets (GTQ Billion), 2010–2014

Table 93: Guatemalan Personal Accident and Health Insurance – Total Assets (GTQ Billion), 2014–2019

Table 94: Guatemalan Personal Accident and Health Insurance – Total Investment Income (GTQ Million), 2010–2014

Table 95: Guatemalan Personal Accident and Health Insurance – Total Investment Income (GTQ Million), 2014–2019

Table 96: Guatemalan Personal Accident and Health Insurance – Net Written Premium (GTQ Billion), 2010–2014

Table 97: Guatemalan Personal Accident and Health Insurance – Net Written Premium (GTQ Billion), 2014–2019

Table 98: Guatemalan Personal Accident Insurance – Gross Written Premium (GTQ Million), 2010–2014

Table 99: Guatemalan Personal Accident Insurance – Gross Written Premium (GTQ Million), 2014–2019

Table 100: Guatemalan Health Insurance – Gross Written Premium (GTQ Billion), 2010–2014

Table 101: Guatemalan Health Insurance – Gross Written Premium (GTQ Billion), 2014–2019

Table 102: Guatemalan Travel Insurance – Gross Written Premium (GTQ Million), 2010–2014

Table 103: Guatemalan Travel Insurance – Gross Written Premium (GTQ Million), 2014–2019

Table 104: Guatemalan Reinsurance – Premium Ceded (Excluding Retrocession) by Insurance Segment (GTQ Million), 2010–2014

Table 105: Guatemalan Reinsurance – Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010–2014

Table 106: Guatemalan Reinsurance – Premium Ceded (Excluding Retrocession) by Insurance Segment (GTQ Million), 2014–2019

Table 107: Guatemalan Reinsurance – Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014–2019

Table 108: Guatemalan Life Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2010–2014

Table 109: Guatemalan Life Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2014–2019

Table 110: Guatemalan Non-Life Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2010–2014

Table 111: Guatemalan Non-Life Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2014–2019

Table 112: Guatemalan Personal Accident and Health Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2010–2014

Table 113: Guatemalan Personal Accident and Health Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2014–2019

Table 114: Guatemala Exposure to Natural Hazards, 1990–2014

Table 115: Guatemalan Insurance Industry – Market Shares, 2014

Table 116: Seguros El Roble SA – Key Facts

Table 117: Seguros G&T SA – Key Facts

Table 118: Aseguradora General SA – Key Facts

Table 119: Mapfre | Seguros Guatemala SA – Key Facts

Table 120: Seguros Universales SA – Key Facts

Table 121: Guatemala – Insurance Regulatory Framework Key Features

Table 122: Guatemala – Life Insurance Regulatory Framework

Table 123: Guatemala – Property Insurance Regulatory Framework

Table 124: Guatemala – Motor Insurance Regulatory Framework

Table 125: Guatemala – Liability Insurance Regulatory Framework

Table 126: Guatemala – Capital Requirements for Insurers

Table 127: Guatemala – Corporation Tax Rates for the Financial Year 2015

Table 128: Insurance Industry Definitions

Figures

Figure 1: Guatemalan Real GDP (GTQ Billion), 2010–2019

Figure 2: Guatemalan Consumer Price Inflation (%), 2010–2019

Figure 3: GTQ– US$ Exchange Rate, 2010–2019

Figure 4: Guatemalan Unemployment Rate (%), 2010–2019

Figure 5: Guatemalan Population by Age Group (%), 2010–2019

Figure 6: Guatemalan Life Insurance – Gross Written Premium by Sub-Segment (GTQ Billion), 2010–2019

Figure 7: Guatemalan Life Insurance – Gross Written Premium Dynamics by Sub-Segment, 2010–2019

Figure 8: Guatemalan Life Insurance – Direct Written Premium by Sub-Segment (GTQ Million), 2010–2019

Figure 9: Guatemalan Life Insurance – Direct Written Premium Dynamics by Sub-Segment, 2010–2019

Figure 10: Guatemalan Individual Life Insurance – Gross Written Premium by Category (GTQ Million), 2010–2019

Figure 11: Guatemalan Individual Life Insurance – Gross Written Premium by Category (Percentage Share), 2014 and 2019

Figure 12: Guatemalan Individual Life Insurance – Gross Written Premium Dynamics by Category, 2010–2019

Figure 13: Guatemalan Individual Life Insurance – Direct Written Premium by Category (GTQ Million), 2010–2019

Figure 14: Guatemalan Individual Life Insurance – Direct Written Premium by Category (Percentage Share), 2014 and 2019

Figure 15: Guatemalan Individual Life Insurance – Direct Written Premium Dynamics by Category, 2010–2019

Figure 16: Guatemalan Group Life Insurance – Gross Written Premium by Category (GTQ Million), 2010–2019

Figure 17: Guatemalan Group Life Insurance – Gross Written Premium by Category (Percentage Share), 2014 and 2019

Figure 18: Guatemalan Group Life Insurance – Gross Written Premium Dynamics by Category, 2010–2019

Figure 19: Guatemalan Group Life Insurance – Direct Written Premium by Category (GTQ Million), 2010–2019

Figure 20: Guatemalan Group Life Insurance – Direct Written Premium by Category (Percentage Share), 2014 and 2019

Figure 21: Guatemalan Group Life Insurance – Direct Written Premium Dynamics by Category, 2010–2019

Figure 22: Guatemalan Life Insurance – Paid Claims (GTQ Million), 2010–2014

Figure 23: Guatemalan Life Insurance – Paid Claims (GTQ Million), 2014–2019

Figure 24: Guatemalan Life Insurance – Incurred Loss (GTQ Million), 2010–2014

Figure 25: Guatemalan Life Insurance – Incurred Loss (GTQ Million), 2014–2019

Figure 26: Guatemalan Life Insurance – Net Written Premium (Percentage of GWP), 2010–2014

Figure 27: Guatemalan Life Insurance – Net Written Premium (Percentage of GWP), 2014–2019

Figure 28: Guatemalan Life Insurance – Total Assets (GTQ Billion), 2010–2014

Figure 29: Guatemalan Life Insurance – Total Assets (GTQ Billion), 2014–2019

Figure 30: Guatemalan Life Insurance – Total Investment Income (GTQ Million), 2010–2014

Figure 31: Guatemalan Life Insurance – Total Investment Income (GTQ Million), 2014–2019

Figure 32: Guatemalan Life Insurance – Net Written Premium (GTQ Million), 2010–2014

Figure 33: Guatemalan Life Insurance – Net Written Premium (GTQ Billion), 2014–2019

Figure 34: Guatemalan Life Insurance – Total Investment (GTQ Million), 2010–2014

Figure 35: Guatemalan Life Insurance – Insurance Penetration (Ratio of Direct Premium to GDP), 2010–2014

Figure 36: Guatemalan Life Insurance – Insurance Density (Direct Premium per Capita) (GTQ), 2010–2014

Figure 37: Guatemalan Individual Whole Life Insurance – Gross Written Premium (GTQ Million), 2010–2014

Figure 38: Guatemalan Individual Whole Life Insurance – Gross Written Premium (GTQ Million), 2014–2019

Figure 39: Guatemalan Individual Pension Insurance – Gross Written Premium (GTQ Million), 2010–2014

Figure 40: Guatemalan Individual Pension Insurance – Gross Written Premium (GTQ Million), 2014–2019

Figure 41: Guatemalan Group Whole Life Insurance – Gross Written Premium (GTQ Million), 2010–2014

Figure 42: Guatemalan Group Whole Life Insurance – Gross Written Premium (GTQ Billion), 2014–2019

Figure 43: Guatemalan Non-Life Insurance – Gross Written Premium by Category (GTQ Billion), 2010–2019

Figure 44: Guatemalan Non-Life Insurance – Gross Written Premium by Category (%), 2014 and 2019

Figure 45: Guatemalan Non-Life Insurance – Gross Written Premium Dynamics by Category, 2010–2019

Figure 46: Guatemalan Non-Life Insurance – Direct Written Premium by Category (GTQ Billion), 2010–2019

Figure 47: Guatemalan Non-Life Insurance – Direct Written Premium by Category (%), 2014 and 2019

Figure 48: Guatemalan Non-Life Insurance – Direct Written Premium Dynamics by Category, 2010–2019

Figure 49: Guatemalan Non-Life Insurance – Paid Claims (GTQ Million), 2010–2014

Figure 50: Guatemalan Non-Life Insurance – Paid Claims (GTQ Million), 2014–2019

Figure 51: Guatemalan Non-Life Insurance – Incurred Loss (GTQ Million), 2010–2014

Figure 52: Guatemalan Non-Life Insurance – Incurred Loss (GTQ Billion), 2014–2019

Figure 53: Guatemalan Non-Life Insurance – Loss Ratio (%), 2010–2014

Figure 54: Guatemalan Non-Life Insurance – Loss Ratio (%), 2014–2019

Figure 55: Guatemalan Non-Life Insurance – Combined Ratio (%), 2010–2014

Figure 56: Guatemalan Non-Life Insurance – Combined Ratio (%), 2014–2019

Figure 57: Guatemalan Non-Life Insurance – Total Assets (GTQ Billion), 2010–2014

Figure 58: Guatemalan Non-Life Insurance – Total Assets (GTQ Billion), 2014–2019

Figure 59: Guatemalan Non-Life Insurance – Total Investment Income (GTQ Million), 2010–2014

Figure 60: Guatemalan Non-Life Insurance – Total Investment Income (GTQ Million), 2014–2019

Figure 61: Guatemalan Non-Life Insurance – Net Written Premium (GTQ Billion), 2010–2014

Figure 62: Guatemalan Non-Life Insurance – Net Written Premium (GTQ Billion), 2014–2019

Figure 63: Guatemalan Non-Life Insurance – Total Investment (GTQ Billion), 2010–2014

Figure 64: Guatemalan Non-Life Insurance Penetration (Ratio of Direct Premium to GDP), 2010–2014

Figure 65: Guatemalan Non-Life Insurance Density (Direct Premium per Capita) (GTQ), 2010–2014

Figure 66: Guatemalan Property Insurance – Gross Written Premium (GTQ Billion), 2010–2014

Figure 67: Guatemalan Property Insurance – Gross Written Premium (GTQ Billion), 2014–2019

Figure 68: Guatemalan Motor Insurance – Gross Written Premium (GTQ Billion), 2010–2014

Figure 69: Guatemalan Motor Insurance – Gross Written Premium (GTQ Billion), 2014–2019

Figure 70: Guatemalan Liability Insurance – Gross Written Premium (GTQ Million), 2010–2014

Figure 71: Guatemalan Liability Insurance – Gross Written Premium (GTQ Million), 2014–2019

Figure 72: Guatemalan Marine, Aviation and Transit Insurance – Gross Written Premium (GTQ Million), 2010–2014

Figure 73: Guatemalan Marine, Aviation and Transit Insurance – Gross Written Premium (GTQ Million), 2014–2019

Figure 74: Guatemalan Personal Accident and Health Insurance – Gross Written Premium by Category (GTQ Million), 2010–2019

Figure 75: Guatemalan Personal Accident and Health Insurance – Gross Written Premium by Category (%), 2014 and 2019

Figure 76: Guatemalan Personal Accident and Health Insurance – Gross Written Premium Dynamics by Category, 2010–2019

Figure 77: Guatemalan Personal Accident and Health Insurance – Direct Written Premium by Category (GTQ Million), 2010–2019

Figure 78: Guatemalan Personal Accident and Health Insurance – Direct Written Premium by Category (%), 2014 and 2019

Figure 79: Guatemalan Personal Accident and Health Insurance – Direct Written Premium Dynamics by Category, 2010–2019

Figure 80: Guatemalan Personal Accident and Health Insurance – Paid Claims by Category (GTQ Million), 2010–2014

Figure 81: Guatemalan Personal Accident and Health Insurance – Paid Claims (GTQ Billion), 2014–2019

Figure 82: Guatemalan Personal Accident and Health Insurance – Incurred Loss (GTQ Million), 2010–2014

Figure 83: Guatemalan Personal Accident and Health Insurance – Incurred Loss (GTQ Billion), 2014–2019

Figure 84: Guatemalan Personal Accident and Health Insurance – Loss Ratio (%), 2010–2014

Figure 85: Guatemalan Personal Accident and Health Insurance – Loss Ratio (%), 2014–2019

Figure 86: Guatemalan Personal Accident and Health Insurance – Combined Ratio (%), 2010–2014

Figure 87: Guatemalan Personal Accident and Health Insurance – Combined Ratio (%), 2014–2019

Figure 88: Guatemalan Personal Accident and Health Insurance – Total Assets (GTQ Billion), 2010–2014

Figure 89: Guatemalan Personal Accident and Health Insurance – Total Assets (GTQ Billion), 2014–2019

Figure 90: Guatemalan Personal Accident and Health Insurance – Total Investment Income (GTQ Million), 2010–2014

Figure 91: Guatemalan Personal Accident and Health Insurance – Total Investment Income (GTQ Million), 2014–2019

Figure 92: Guatemalan Personal Accident and Health Insurance – Net Written Premium (GTQ Billion), 2010–2014

Figure 93: Guatemalan Personal Accident and Health Insurance – Net Written Premium (GTQ Billion), 2014–2019

Figure 94: Guatemalan Personal Accident and Health Insurance – Total Investment (GTQ Billion), 2010–2014

Figure 95: Guatemalan Personal Accident and Health Insurance Penetration (Ratio of Direct Premium to GDP), 2010–2014

Figure 96: Guatemalan Personal Accident and Health Insurance Density (Direct Premium per Capita) (GTQ), 2010–2014

Figure 97: Guatemalan Personal Accident Insurance – Gross Written Premium (GTQ Million), 2010–2014

Figure 98: Guatemalan Personal Accident Insurance – Gross Written Premium (GTQ Million), 2014–2019

Figure 99: Guatemalan Health Insurance – Gross Written Premium (GTQ Billion), 2010–2014

Figure 100: Guatemalan Health Insurance – Gross Written Premium (GTQ Billion), 2014–2019

Figure 101: Guatemalan Travel Insurance – Gross Written Premium (GTQ Million), 2010–2014

Figure 102: Guatemalan Travel Insurance – Gross Written Premium (GTQ Million), 2014–2019

Figure 103: Guatemalan Reinsurance – Premium Ceded (Excluding Retrocession) by Insurance Segment (GTQ Billion), 2010–2019

Figure 104: Guatemalan Reinsurance – Dynamics by Insurance Segment, 2010–2019

Figure 105: Guatemalan Life Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2010–2014

Figure 106: Guatemalan Life Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2014–2019

Figure 107: Guatemalan Non-Life Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2010–2014

Figure 108: Guatemalan Non-Life Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2014–2019

Figure 109: Guatemalan Personal Accident and Health Insurance – Percentage of Premium Ceded (Excluding Retrocession), 2010–2014

Figure 110: Guatemalan Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Figure 111: Guatemalan Frequency of Hazards by Type, 1990–2014

Figure 112: Guatemalan Mortality by Hazards Type, 1990–2014

Figure 113: Guatemalan Economic Issues by Hazards Type, 1990–2014

Figure 114: Guatemalan Insurance – Industry Shares, 2014

Figure 115: Guatemala – Insurance Supervision and Control at Various Levels

Figure 116: Guatemala – Insurance Regulatory Frameworks for Company Registration and Operation

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I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

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