Mexico Insurance, Companies & Insurance Quote

The insurance in Mexico is performing well recently and the insurance practices are identical to other countries. There are various types of insurances, but life insurance is precisely doing the best. The Mexico insurance business regulatory body is the Comision Nacional de Seguros y Fianzas.

Market status

Mexico insurance industry is the second largest after Brazil in Latin America. The insurance industry in 2007 end comprised of 95 companies, out of which 6 are large financial groups and foreign subsidiaries 46. The foreign subsidiaries have market share to 59% and the Mexican insurers 41%. There are expectations of showing an increase in the insurance industry in the coming years.

Major companies

The companies dealing with insurance in Mexico include life insurance as well as non-life insurance and this is determined on the basis of gross written premiums.

Major insurance providers in Mexico dealing with life insurance are companies namely, Metlife Mexico Insurance, BBVA Bancomer Insurance, Inbursa Insurance, Seguros Azteca Insurance, GNP Insurance, ING Comercial America Insurance and Argos Insurance.

The other Mexico insurance companies are GNP Insurance, Inbursa Insurance, BBVA Bancomer Insurance, ING Comercial America Insurance, Zurich Insurance and Qualitas Insurance.

Insurance in Mexico is emerging as a vital market for many U.S.companies owing to the foreign investors as well as enhancing of regulatory oversight. Insurance in Mexico is yet experiencing low penetration and is representing only 2% of GDP that is much smaller in the United States and in other Latin American countries namely, Chile, Brazil and Colombia.

Small niches in insurance products regarding transportation and natural hazards exist in the growing markets.

Companies that are insurance providers in Mexico are GNP Seguros that offers extensive range of auto insurance services and ensure satisfaction. ING Seguros is the largest U.S. insurance company in the nation offering wide range of products and is right now the second company having assets exceeding to $400 million.

Mexpro includes motorcycle and vehicle insurance, boat insurance and Northbound Insurance. ACE Seguros also provides insurance products including civil liability, health, property damage, customer services and accident.

Met life offers experience and provides a range of practical and innovative financial solutions, including savings and retirement, protection planning as well as investments.