Chilean Insurance Industry

Table of Contents

1. Chile at a Glance - Key Facts and Characteristics

2. Insurance Industry Highlights

3. Market Overview

• A Recent Past Perspective
• Current Scenario
• Table 1: Chilean Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life and Non-Life Markets Independently Analyzed with Annual Premium Income in US$ Billion for the Years 2005 through 2010 (includes corresponding Graph/Chart)
• Table 2: Chilean 6-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2005, 2007, and 2010 (includes corresponding Graph/Chart)
• Insurance Market Experiences Concentration
• A Well Developed Market
• BiceCorp Amalgamates La Construccion and Bice Vida - A Key Corporate Development
• Regulatory Overview
• Insurance Legislations
• Key Changes to Legislations
• Regulations for Fronting Policies
• Superintendencia de Valoresy Seguros (SVS) - The Regulatory Body
• Non-Admitted Insurance
• Compulsory Insurance
• Registration and Operational Rules
• Taxation Structure
• A Study of the Distribution Channels
• Going Direct
• Bancassurance - Playing a Well-Defined Role
• Agencies and Brokerages
• Sales Agents
• Claims Adjusters

4. Life and Pension Sector

• Individual and Group Life Insurance
• Consumer Lending by Insurers
• Social Security Programs
• AFP Insurance
• Annuities
• Major Players: Life Insurance
• Table 3: Chilean Life Insurance Industry (2004): Gross Written Premium in US$ Million by Leading Companies for ING, Consorcio, Metlife, Principal, Chilena, La Construccion, Vida, Penta, Interamericana, and Euroamerica (includes corresponding Graph/Chart)
• Table 4: Top-Five Players in the Life Insurance Industry of Chile (2003) - Gross Written Premium in US$ Million for Metlife, Consorcio, Principal, ING, and La Construccion (includes corresponding Graph/Chart)

5. Non-Life Insurance Sector

• Impact of Deregulation
• Major Players
• Table 5: Chilean Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Cruz del Sur, Chilena, MAPFRE Seguros, Interamericana, Royal & SunAlliance, AGF Allianz, Americas, Magallanes, BCI, and ING (includes corresponding Graph/Chart)

6. Reinsurance in Chile

• Major Trends in the Sector
• Requirements for a Reinsurer
• Key Reinsurance Types
• Treaty Reinsurance
• Reinsurance Commissions in Chile by Sector
• Catastrophe Reinsurance
• Facultative Reinsurance
• Reinsurance Commissions in Chile by Sector
• Alternative Risk Transfer

7. A Recent Past Perspective of Non-Life Insurance Sector

• Table 6: Breakdown of Chilean Non-Life Insurance Market by Category for 2001 (includes corresponding Graph/Chart)
• Key Developments
• Pools and Organizations
• Motor Insurance
• Market Overview
• Voluntary Motor Insurance
• Table 7: Chilean Premium for Voluntary and SOAP Insurance: 1999-2001 (In CLP Billion) (includes corresponding Graph/Chart)
• Table 8: Percentage Market Share of Motor Insurers in Chile for 2001 (includes corresponding Graph/Chart)
• Table 9: Leading Brokers of Motor Insurance for 2000 (In US$ Million) (includes corresponding Graph/Chart)
• SOAP (seguro obligatorio de accidentespersonales)
• Legal Trends
• Perspective of Distribution Channels
• Natural Hazard Cover
• Earthquakes
• Table 10: Major Earthquakes in Chile During the 20th Century (Damages in US$ Million)
• Floods
• Other Hazards
• Property Coverage
• Table 11: Premium Written for Chilean Property Insurance: 1999-2001 (In US$ Million) (includes corresponding Graph/Chart)
• Homeowners' Cover
• An Overview
• Coverage Scope
• Cover for Social Hazards
• Terrorism
• Burglary & Theft
• Riots and Strikes
• Commercial and Industrial Insurance
• An Overview
• Leading Chilean Companies: 2000
• Fire Cover
• Table 12: Percentage Market Share of Chilean Fire Insurers by Company for 2001 (includes corresponding Graph/Chart)
• Table 13: Major Brokers for Fire Insurance in Chile for 2001 (In US$ Million) (includes corresponding Graph/Chart)
• Business Interruption
• Package Plans
• Reinsurance Perspective
• Engineering and Construction
• Table 14: Percentage Market Share of Construction & Engineering Insurers in Chile for 2001 (includes corresponding Graph/Chart)
• Machinery Breakdown
• Table 15: Percentage Share of Chilean Machinery Breakdown Insurers for 2001 (includes corresponding Graph/Chart)
• Table 16: Percentage Share of Chilean Electronic Breakdown Insurers for 2001 (includes corresponding Graph/Chart)
• Workmen' s Compensation and Employers' Liability
• A Brief Profile
• Coverage Patterns
• Table 17: Chilean Insurance Industry (2001): Percentage Break-up of Workforce Accident by Industry (includes corresponding Graph/Chart)
• Third Party Liability
• Products Liability
• General Third Party Liability
• Table 18: Leading General Third Party Insurers in Chile for 2001: Percentage Market Share by Company (includes corresponding Graph/Chart)
• D & O Liability
• Professional Indemnity
• Pollution and Environmental Liability
• Multinational Insurance
• Agricultural Insurance
• Table 19: Gross Written Premium in CLP Billion for Chilean Agriculture Sector (2000 & 2001)
• Livestock Insurance
• Surety, Credits & Bonds
• Table 20: Leading Bond Insurers in Chile for 2001: Percentage Market Share by Company (includes corresponding Graph/Chart)
• Table 21: Credit Insurers in Chile for 2001: Percentage Market Share by Company (includes corresponding Graph/Chart)
• Construction and Other Bonds
• Export and Domestic Trade Credit
• Aviation, Marine and Transit
• Market Highlights
• Table 22: Premium Written: 1999-2001 (In CLP Billion) (includes corresponding Graph/Chart)
• Marine Cargo
• Key Trends
• Table 23: Premium Written: 1999-2001 (In CLP Billion) (includes corresponding Graph/Chart)
• Table 24: Leading Marine Cargo Insurers in Chile for 2001: Percentage Market Share by Company (includes corresponding Graph/Chart)
• Potential Hazards
• Coverage Scope
• Table 25: Leading Marine Cargo Brokers in Chile: 2000 (In US$ Million) (includes corresponding Graph/Chart)
• Marine Hull
• Table 26: Percentage Share of Marine Hull Insurers in Chile for 2001 (includes corresponding Graph/Chart)
• An Overview of Risks
• Brokers Dominate Distribution
• Table 27: Leading Brokers for Marine Hull Insurance in Chile: 2000 (In US$ Million) (includes corresponding Graph/Chart)
• Oil and Energy Cover
• Natural Gas
• Electricity
• Aviation
• Table 28: Gross Premium Written: 1999-2001 (In CLP Billion) (includes corresponding Graph/Chart)
• Key Aviation Insurers
• Other Related Sectors
• Other Major Categories
• E-Insurance
• Kidnap and Ransom
• Financial Risks
• Personal Accident
• Coverage Scope
• Table 29: Total Gross Premium Written for 1999-2001 in CLP Billion (includes corresponding Graph/Chart)
• Table 30: Leading Personal Accident Insurers in Chile for 2001: Market Share by Company (includes corresponding Graph/Chart)
• Travel Insurance
• Reinsurance
• Table 31: Chilean Reinsurance Market for 1999-2001: Premium and Claims Ceded in CLP Billion (includes corresponding Graph/Chart)
• Table 32: Major Reinsurance Brokers in Chile for 2001 by Percentage of Premiums Ceded (includes corresponding Graph/Chart)

8. Recent Industry Activity

• Grupo Security Carries Out Merger of Vida Security and Rentas Security
• Willis Acquires Chilean MGT
• Seguros Divests its Annuity Business

9. Strategic Corporate Development in Recent Past

• MetLife Acquires Seguros de Vida Santander and Soince Reinsurance