Latin AmericaReunión 2012

Manuel Obregon Latin American insurers – ¿Are global players failing to compete?November 2012

For Internal Chubb Use Only. 2

REGION WP (In millions of USD)

Share of World market (in %) WP in % of GDP WP per Capita (in

USD)

Europe 1,650,866 35.91% 7.06 1,885.7

North America 1,325,890 28.84% 6.64 1,575.4

Asia 1,298,139 28.24% 5.85 313.9

Latin America and Caribbean

154,275 3.36% 2.76 260.6

Oceania 99,438 2.16% 5.94 2,759.2

Africa 68,080 1.48% 3.62 65.2

World 4,596,688 100.00% 6.60 661.0

Written Premium in 2011 by Region

Source: Swiss Re, Sigma N. 3/2012

For Internal Chubb Use Only. 3

REGIONNON-LIFE BUSINESS LIFE BUSINESS

WP (In millions of USD)

Share of World market (in %)

WP (In millions of USD)

Share of World market (in %)

Europe 713,699 36.26% 937,168 35.68%

North America 736,152 37.40% 589,737 22.45%

Asia 356,180 18.08% 941,958 35.85%

Latin America and Caribbean

89,078 4.53% 65,197 2.48%

Oceania 52,628 2.67% 46,810 1.78%

Africa 21,782 1.11% 46,298 1.76%

World 1,969,519 100.00% 2,627,168 100.00%

Written Premium in 2011 by Line of Business

Source: Swiss Re, Sigma N. 3/2012

Note: The written premiums worldwide are distributed: 57% in life business and 43% in non-life business, while in Latin America non-life business represents 58% of the total premiums and 42% in life business.

For Internal Chubb Use Only. 4

Written Premium in 2011 by Country in Latin America

For Internal Chubb Use Only. 5

Country WP (In millions of USD) Share of LA & C market (in %) WP in % of GDP WP per Capita (in USD)

Brazil 78,287 50.75% 3.2 398

Mexico 22,231 14.41% 1.9 193

Argentina 12,846 8.33% 2.9 315

Venezuela 10,803 7.00% 3.4 367

Chile 9,669 6.27% 4.1 559

Colombia 7,624 4.94% 2.3 163

Peru 2,613 1.69% 1.5 89

Ecuador 1,337 0.87% 2.0 91

Panama 1,053 0.68% 3.4 295

Uruguay 867 0.56% 1.8 256

Trinidad and Tobago 838 0.54% 3.2 622

Costa Rica 815 0.53% 2.0 172

Dominican Republic 740 0.48% 1.3 74

Jamaica 676 0.44% 4.5 246

Guatemala 555 0.36% 1.2 38

Other Countries 3,321 2.15%    

Latin America and Caribbean 154,275 100.00% 2.8 261

For Internal Chubb Use Only. 6

Source: Swiss Re, Sigma N. 3/2012

Note: 90% of the total premiums in Latin America is distributed in 6 Countries which are Brazil, Mexico, Argentina, Venezuela, Chile and Colombia.