-Reports and documents of the sector
Reports and documents of the sector2019-11-28T10:29:08+02:00

REPORTS AND DOCUMENTS OF THE SECTOR

Access the latest studies and reports prepared by the MAPFRE Studies Service and a selection of documents on the extensive repository of the Fundación MAPFRE Documentation Center.

MAPFRE ECONOMIC RESEARCH

Aims to promote and contribute to general economic debate, as well as discussions related to the financial system, the insurance sector, and the framework for prudential regulations to which these activities are subject MAPFRE Economic Research

His analysis and research work is focused on topics related to insurance and complementary social security, macroeconomic and financial variables and regulatory frameworks.

We put at your disposal a selection of publications of the MAPFRE Studies Service.

2019 Economic and Sectoral Outlook: Prospects for the Fourth Quarter

We are facing a situation in which factors such as the trade war and other crises are weighing on economies around the world, creating a situation in which any additional shock may tilt the scale toward recession, although this is not a situation yet considered in the baseline scenario considered by the report. This is a situation of global vulnerability in which, despite not being a central trend, the possibility of recession is growing steadily, while the instruments to address it grow increasingly limited and their social and economic consequences more uncertain.

Available in Spanish

El mercado asegurador latinoamericano 2018

This report covers the main indicators and trends in Latin American insurance markets in 2018, reviewing issues such as premium growth, the items regarding the sector’s consolidated balance sheet, technical provisions, investment, technical performance, and results and profitability. The report also includes a review of the main structural trends underlying the growth of insurance company activity, such as penetration, density and depth, as well as an estimate of the Insurance Protection Gap and the Market Evolution Index for each of the countries analyzed.

*PDF

El mercado español de seguros 2018

The report seeks to provide an overview of the performance of the Spanish insurance sector in 2018, addressing its structure and concentration, as well as reviewing the performance of its most relevant business lines.

*PDF

Ranking of the largest Latin America insurance groups 2018

This ranking classifies the largest groups that operate in the insurance market in Latin America by volume of premiums, considering the total market, as well as the Life and Non-Life segments.

*PDF

Ranking of the largest European insurance groups 2018

The MAPFRE Research Department has published its report providing information on the size of premiums, balance, results and solvency situation.

*PDF

Índice Global de Potencial Asegurador

Economic Research presents the MAPFRE GIP INDEX, the first global indicator that will measure the insurance potential of the world’s different markets.

*PDF

Panorama económico y sectorial 2018: perspectivas hacia el segundo trimestre

Global growth has maintained its momentum during the first quarter of 2018, ratifying a growth forecast very similar to that achieved during 2017.

*Only available in spanish

2017 Ranking of Insurance Groups in Latin America

This new edition for 2017 maintains, as in its previous versions, the criterion of analysis by volume of premiums.

*Available in both languages

Expansión de los Seguros en América Latina

Elements for the insurance expansion in Latin America

PDF

Insurance Industry Investment

An analysis of the placement of insurance industry investment in selected markets

PDF

Insurance Solvency Regulation Systems December2017

An analysis of progress toward risk´-based regulations

PDF

Pensions sistem

According to United Nations (UN) estimates, life expectancy at birth of the global population has grown steadily inrecent decades.

PDF

The Spanish Insurance Market in 2017

During the course of 2017, global economic growth gained pace across the board in both emerging and developed markets

PDF

The Latin American Insurance Market in 2017.

The main objective to offer an analysis of the performance of the insurance industry in Latin America in the year 2017, including also an analysis of its evolution in the 2007-2017 period.

PDF

Economic and sector panorama 2018: perspectives towards the fourth quarter

Several factors seem to crystallize the signals sighted since the beginning of the year that announced the change of cycle in the global economy led by the economy of the United States.

PDF

Economic and sector panorama 2019

The report emphasizes the fact that the close of 2019 marks the beginning of a gradual slowdown that had been anticipated since the end of 2017.

PDF

DOCUMENTATION CENTER

The Fundación MAPFRE Documentation Center is an information service that specializes in matters related to insurance, risk management and social protection. The Web Catalog, which contains more than 150,000 documents, is a digital support tool to search and find information: articles from specialized international reviews, reports, research studies, laws and rankings, including all Fundación MAPFRE publications. Access the Web Catalog and in the case you cannot directly access and / or want to make another inquiry, you can contact the MAPFRE Documentation Center via email

centrodocumentacion@fundacionmapfre.org

Meet the Documentation Center

Country Report: South America

Madrid: Crédito y Caución, 2019

Analysis of the different socio-economic situations with statistics for Latin American countries and forecasts on economic growth.

*Available in English

Uncertain Times for Latin America’s Second Largest Economy

Oldwick, NJ: A.M. Best Company, 2019

Economic growth in Mexico in 2018 remained strong despite political and economic uncertainty. The International Monetary Fund calculates a 2% growth in GDP for 2018 and is projecting 1.6% growth for 2019 and 1.9% growth for 2020. Mexico has benefited from a favorable economic environment in the US, its main economic partner, and strong internal demand. Nevertheless, the country is facing possible headwinds which may affect growth

*Available in English

Digital Initiatives in the Insurance Industry

Madrid: INESE Data, 2019

This study compiles the information published on digital initiatives that insurance companies and intermediaries have launched in recent years: chatbots, apps, appointments by video, online claims management, automation of internal processes, etc.

*Available in Spanish

The Turkish Insurance Industry Annual Report 2017

The most important factor in Turkey’s performance is that it achieved impressive economic development in the first decade of the 21st century, according to the World Bank. Macroeconomic and fiscal stability created jobs and positioned the country among upper-middle income countries. Poverty was reduced by half in the period from 2002 to 2015, urbanization accelerated, the country opened up to international trade and finance, and many regulations were made compatible with the European Union’s body of legislation.

*Available in English

Global Insurance Potential Index – MAPFRE GIP 2019

This report shows the updated MAPFRE GIP (Global Insurance Potential Index) for 96 insurance markets, both developed and emerging. The index was originally provided in 2018, based on analysis of economic and demographic factors used to determine the Insurance Protection Gap, as well as the measurement of the ability to close the insurance gap in each market (speed of convergence of penetration levels and density of developed markets). It measures this potential based, on the one hand, on the countries’ capacities to create an insurance gap, and on the other hand, to materialize that capacity in effective growth in the insurance market.

*Available in English

Insurtech White Book: The Spanish Insurtech Industry and its Regulatory Framework Challenges, Opportunities, and Trends that will Impact the Future of the Industry

Madrid, Spanish Fintech and Insurtech Association (AEFI), 2019

This white book aims to provide more details about the insurtech industry in Spain and the regulatory obstacles being faced and recommend proposals for change that would lead to better industry regulation and incentivize the industry’s growth and understanding by the supervisory authorities while guaranteeing protection of the users of these services.

*Only available in Spanish

Securing smart factories: threats to manufacturing environments in the era of industry 4.0 

Tokyo: Trend Micro, 2019

With this guide, the Spanish Chamber of Commerce aims to support small, medium, and large Brazilian companies that wish to internationalize by providing information about the specific features of Spanish legislation and providing an illustration of the macroeconomic and geographic structures of Spain, which is widely considered worldwide to be one of the most appealing countries for direct foreign investment.

*Only available in English

Como hacer negocios en españaComo fazer negócios na Espanha (How to Do Business in Spain). São Paulo: Official Spanish Chamber of Commerce in Brazil, 2019

With this guide, the Spanish Chamber of Commerce aims to support small, medium, and large Brazilian companies that wish to internationalize by providing information about the specific features of Spanish legislation and providing an illustration of the macroeconomic and geographic structures of Spain, which is widely considered worldwide to be one of the most appealing countries for direct foreign investment.

*Available in spanish and portuguese

Transportation Insurance. 2018 Data. Madrid: ICEA, 2019

Statistical data and 2018 rankings from the Spanish insurance market operating in transportation insurance: maritime insurance (hull insurance: merchant vessel insurance, fishing vessel insurance, recreational vessel insurance; maritime liability insurance), aviation insurance and freight insurance.

*Only available in spanish

Top 10 emerging technologies 2019. Geneva: World Economic Forum, 2019

The technological innovations that are expected to have a radical impact on social order and global economics.

*Only available in english

Strategic risk finance in the era of Big Data. New York: Marsh & McLennan, 2019

Risk management executives currently operate in two key areas: capital and data. The goal is to effectively combine the data and risk modeling tools. This enables organizations to better understand changes in their profiles and ability to assume risks, which allows them to access the opportunities that arise with increasing levels of capital available to finance risk, leading to a more resistant financial strategy and organization.

*Only available in english

Insurtech 10: trends for 2019. Amstelveen [etc.]: KPMG International, 2019

This report examines the macro trends influencing the adoption and implementation of Insurtech on the insurance market as a whole.

*Only available in english

European Industries Outlook. London: Fitch Solutions, 2019

European industries outlook considering the slowing of economic growth, and labor market risks, key political risks in 2019, and risk scenarios.

*Only available in english

Construction: project insight and country forecasts. London: GlobalData, 2019

Global construction outlook to 2022: Q3 2018 update and construction in Spain key trends and opportunities to 2022. Case study: project insight: global airport construction projects

*Only available in english

Cyber insurers are profitable today, but wary of tomorrow’s risks. New Jersey: A.M. Best Company, 2019

The growing number of cyberattacks on both corporations and municipalities underscores the need for cyber insurance. Figures: US P/C

Top 20 Cyber Insurers

*Only available in english

Cyber insurers are profitable today, but wary of tomorrow’s risks. New Jersey: A.M. Best Company, 2019

O crescente número de ataques cibernéticos em corporações e municípios assinala a necessidade de um seguro cibernético. Números: US P/C

As 20 principais seguradoras cibernéticas

*Only available in english

Winds of Change: Risk Management in the Digital World
Madrid: KPMG, 2019

Technology, if it is well parametrized, allows for consolidated risk management practically in real time, which leads to the possibility of reacting more agilely and adding more value to business. Techniques such as big data analytics, machine learning, blockchain, and artificial intelligence, which are already being used by some companies and even supervisors, allow us to analyze massive amounts of data to manage risks faster, more precisely, and more predictively.

*Only available in spanish

Digital Initiatives in the Insurance Industry. Madrid: INESE Data, 2019

This study includes information published on digital initiatives that insurance companies and intermediaries have undertaken in recent years (through March 2019): chatbots, apps, video queries, online claims management, internal process automation, etc.

*Only available in spanish

The Ethics of Artificial Intelligence

New York: McKinsey & Company, 2019

Simon London talks with McKinsey Global Institute partner Michael Chui and Chris Wigley about the ethical implications of artificial intelligence (AI) and how executives can participate more reflexively in the use of AI and its possible repercussions.

*Only available in english

Compendium – Technical properties of soils and suitable foundations for them.

Madrid : MAPFRE RE, [s.a.]

The foundation can generally be defined as the combination of elements of any building whose purpose is to transfer the load arising from the building to the ground that supports it. A foundation that is inappropriate for the type of soil, or poorly designed or calculated means that the building itself as well as the adjacent properties may sustain differential settlement with the resulting damage, and could even result in the collapse of the building.

*Only available in spanish

Private financing of infrastructure in Latin America and the Caribbean: Chile, Peru, and Uruguay as case studies. Tomás Serebrisky… [et al.]

Washington, D.C.: Inter-American Development Bank, 2017

ALC has made a significant effort to increase private investment in infrastructure. Nonetheless, private financing has still not been able to offset public investment, and needs to attract more private capital and new private players need to be identified.

*Only available in spanish

The Global risks report 2018 / World Economic Forum Geneva : World Economic Forum, cop. 2018

The report published annually since 2006 by the World Economic Forum. Describes the evolution and changes of global risks and the interrelation between them

*Only available in english

Country and sector risks handbook 2018 : analysis and forecast for 160 countries and 13 sectors. 

Risk analysis for decision making in 160 countries, assessing the business environment and the risks of 13 economic sectors.

*Only available in english

Plan estratégico para el desarrollo del sector civil de los drones en España 2018-2021.

This Plan establishes the roadmap to promote the development of an incipient sector, with a high potential for growth.

*Only available in Spanish

Drones : uso en las aseguradoras y su aseguramiento. Madrid : Wilmington INESE, 2018

After an introduction to know what are drones and their multiple uses, the study offers a few brushstrokes with the experiences with drones from other countries in our environment.

*Available in both languages

Political risk map 2018 : tensions and turbulence ahead. London[etc.] : Marsh, 2018

The Political Risk Map of Marsh 2018 highlights the changes during the last 12 months and analyzes the possible risks of a near future.

*Only available in english

Latin America, opportunities inside and outside of the region

Revisions of country risk rating and sector risk, corresponding to the first quarter of 2018.

*Only available in Spanish

The Top 100 Insurtech Firms 2018 – Harry Clarke

In partnership with Tällt Ventures, the ranking has been published by those companies that have the greatest potential to influence, change or disturb the global market.

*Only available in english

Drones, un horizonte de oportunidades

Las aeronaves no tripuladas, conocidas como drones, pueden ser implementadas en multitud de sectores como auditorías medioambientales, logística indoor, tráfico, construcción o seguros, entre otros…

*Only available in spanish

Risk appetite gains momentum in a changing world : 2017-2018 global reinsurance and risk appetite survey report 

London : Willis Re, 2018

How does risk appetite helps insurance companies to take better decissions about the reinsurance´s needs? How efficiently are the companies using the business risks management to improve the business performance? Which emergent risk is most important?

*Only available in english

The Stakeholder Landscape in extreme events and climate risks management

The Geneva Association 2017

The threat of large-scale natural disasters and climate is growing across the world, leaving nations increasingly exposed to a myriad of risks.

*Only avilable in inglés

An Integrated approach to managing extreme events and climate risk

Authors: Maryan Golnaragh, Swenja Surminski, Kal-Uwe Schanz

Zurich: The Geneva Association, 2017

Insights about causes and effects of the rising economic risks resulting from extreme events and climate change and the growing portection gap

*Only available in english

The Trade system and climate action : ways forward under the Paris Agreement: working paper. Susanne Droege

London, Climate Strategies, 2016-2018

Four work packages: climate trade interactions, border carbon adjustments, fossil fuel subsidies and future options for adjusting trade rules and practices to promote climate protection.

*Only available in english

Reinsurance market report: results for half-year 2018

London: Willis Re, 2018

The report provides an in-depth analysis of the size and performance of the reinsurance industry, based on the Willis Reinsurance Index group of companies.

*Only available in english

Argentine reinsurance market 30th June 2018

Insurance market. Buenos Aires. – Edition 450 – july 2018. p. 42-57

Overview of the Argentine reinsurance market, its evolution and that of local or admitted authorized reinsurers.

*Only available in spanish

Robots industriales colaborativos: una nueva forma de trabajo

Seguridad y salud en el trabajo. – Madrid : INSHT.- Número 95 – julio 2018 , p. 6-10

The use of robots in production processes has a long history in the industrial world, but today we have to talk about a new concept of robotics: collaborative robotics. Thus, we find a new way of working with robots in which robots and people work hand in hand in the same space, without there being physical barriers between them.

*Only available in spanish

Global Insurance market index: second quarter 2018

The Marsh Global Markets Insurance Index is a patented measure of the change in the prices of commercial insurance premiums at the time of renewal, which represents the world’s leading insurance markets and comprises 90% of the Marsh premium. The index provide a quarterly view of changes in the market.

*Only available in ensglish

Guide to reducing the flood risk to buildings

Flooding is the natural hazard that causes the greatest economic damage and loss of human life in Spain. Directive 2007/60/EC of the European Parliament and of the Council requires Member States to draft, approve and implement flood risk management plans (FRMPs).

*Only available in Spanish

Comprehensive Earthquake Line Management Plan: A tool for managing catastrophic risk in the insurance industry. David Contreras

 Fasecolda Journal. – Bogota: Union of Colombian Insurance Companies. Issue 170, 2018; pp. 48-51

The Comprehensive Earthquake Management Plan establishes a series of best practices that enable the insurance industry itself to manage this catastrophic risk. More than a requirement, it is an opportunity for companies to make a better estimate of their risks.

*Only available in Spanish

Latin America Regulatory Update

Miami, Insurance Professionals Miami, 2018

2017 was a good year for the Latin American market, not just due to the solvency it demonstrated following the natural disasters that occurred and its ability to respond to indemnifications, but also because of regulatory developments in key markets. These are exciting times for the region, which is adopting higher and more competitive market standards, setting trends that will continue in 2018 and beyond.

*Only available in Spanish

The gray hair revolution: agingnomics or opportunities in the economics of aging.  Antonio Huertas and Iñaki Ortega.

Barcelona: Gestión 2000, 2018.

Thanks to medical advances we now enjoy another 15 years of life. This has given rise to a new life stage between our fifties and seventies named the “silver generation.” The gray hair revolution will bring radical changes, allowing millions of people of this age to continue working, saving, creating, and consuming.

*Only available in Spanish

Understanding cyber insurance: a structured dialogue with insurance companies.

Frankfurt: EIOPA, 2018.

This study undertaken by EIOPA aims to identify the trends, possible risks, and vulnerabilities of the latest European developments in cyber security, at micro- and macroprudential levels. It covers topics related to cyber underwriting strategies, the supply and demand of cyber products and the potential accumulation of risks.

*Only available in English

Construction risk management: special report 2018

Ticehurst, East Sussex: Commercial Risk Europe, 2018

The construction market continues to grow, but with ever smaller margins. Risk managers in this sector must be aware of the risks they are facing and know how to measure threats in an accurate way. They must understand how to more effectively manage construction and transfer risks in a cost-effective way. Of course, it is vital to have risk and insurance management programs in place to prevent potential losses.

*Only available in English

The Global risks report 2019

Geneva : World Economic Forum, cop. 2019

The world is facing increasingly complex and interconnected challenges: from a slowdown in global growth and persistent economic inequality to climate change, geopolitical tensions and the accelerated pace of the Fourth Industrial Revolution.

*Only available in English

Guide and list of best practices for facing cyber risks: an initiative of “Estamos Seguros.” David Ramos

INESE, November 2018, pg. 78-80

Ransomware, malware, cryptojacking, DoS attacks, and phishing are just some of the risks to which SMEs are exposed. Fifty-three percent of them suffered a cyberattack in 2017.

*Only available in Spanish

Regional sectoral situation for Mexico: second half of 2018

BBVA Research, 2019

The sector’s situation shows manufacturing and sales are the pillars of the Mexican economy. Furthermore, in recent years the dynamics of the financial services and insurance sector have grown at a higher rate than the economy in a sustained manner, contributing to an expected sector growth of over 9% by 2019.

*Only available in Spanish

Cyber insurance as a risk mitigation strategy. The Geneva Association, 2018

This paper analyzes the state of the cybernetic market and the role that insurance companies play in advancing cybernetic resilience. Additionally, it looks at the transformation throughout the value chain as insurance companies move from offering only risk transfer products to offering prevention, mitigation, and resolution services.

*Only available in English

Recommendations for the insurance sector in light of the United Kingdom withdrawing from the European Union

These EIOPA recommendations provide guidance on the treatment of U.K. insurance companies and distributors relating to cross-border services in the European Union in the event of a no-deal U.K. withdrawal from the EU. The goal of the recommendations is to minimize damage caused to insurers with cross-border insurance contracts.

*Only available in English

Top 10 cyber risks.  Cyber Risk Working Group, AGERS [Spanish Association of Risk and Insurance Management] – ISMS Forum [Spanish Association for the Promotion of Data Security]

The objective of this guide is to facilitate understanding between cybersecurity subject matter experts and non-experts. The guide outlines 10 different types of cyberattacks that were identified in a survey conducted by ISMS FORUM; each one contains descriptions and real-world cases for subsequent analysis.

*Only available in English