EXECUTIVE SUMMARY 2
MARKET OVERVIEW 7
Market definition 7
Research highlights 8
Market analysis 9
MARKET VALUE 10
MARKET SEGMENTATION I 11
MARKET SEGMENTATION II 12
FIVE FORCES ANALYSIS 13
Summary 13
Buyer power 14
Supplier power 16
New entrants 17
Substitutes 19
Rivalry 20
LEADING COMPANIES 21
ING Groep N.V. 21
MetLife Inc 26
Grupo Financiero Banorte SA de CV 30
MARKET FORECASTS 33
Market value forecast 33
MACROECONOMIC INDICATORS 34
APPENDIX 36
Methodology 36
Industry associations 37
Related research 37
Disclaimer 38
ABOUT THE PUBLISHER 39
Premium Reports 39
Summary Reports 39
Our Consultancy39

LIST OF TABLES
Table 1: Mexico insurance market value: $ million, 2005–09 10
Table 2: Mexico insurance market segmentation I:% share, by value, 2009 11
Table 3: Mexico insurance market segmentation II: % share, by value, 2009 12
Table 4: ING Groep N.V.: key facts 21
Table 5: ING Groep N.V.: key financials ($) 23
Table 6: ING Groep N.V.: key financials (€) 23
Table 7: ING Groep N.V.: key financial ratios 24
Table 8: MetLife Inc: key facts 26
Table 9: MetLife Inc: key financials ($) 27
Table 10: MetLife Inc: key financial ratios 28
Table 11: Grupo Financiero Banorte SA de CV: key facts 30
Table 12: Grupo Financiero Banorte SA de CV: key financials ($) 31
Table 13: Grupo Financiero Banorte SA de CV: key financials () 31
Table 14: Grupo Financiero Banorte SA de CV: key financial ratios 31
Table 15: Mexico insurance market value forecast: $ million, 2009–14 33
Table 16: Mexico size of population (million), 2005–09 34
Table 17: Mexico GDP (constant 2000 prices, $ billion), 2005–09 34
Table 18: Mexico GDP (current prices, $ billion), 2005–09 34
Table 19: Mexico inflation, 2005–09 35
Table 20: Mexico consumer price index (absolute), 2005–09 35
Table 21: Mexico exchange rate, 2005–09 35

LIST OF FIGURES
Figure 1: Mexico insurance market value: $ million, 2005–09 10
Figure 2: Mexico insurance market segmentation I:% share, by value, 2009 11
Figure 3: Mexico insurance market segmentation II: % share, by value, 2009 12
Figure 4: Forces driving competition in the insurance market in Mexico, 2009 13
Figure 5: Drivers of buyer power in the insurance market in Mexico, 2009 14
Figure 6: Drivers of supplier power in the insurance market in Mexico, 2009 16
Figure 7: Factors influencing the likelihood of new entrants in the insurance market in Mexico, 2009 17
Figure 8: Factors influencing the threat of substitutes in the insurance market in Mexico, 2009 19
Figure 9: Drivers of degree of rivalry in the insurance market in Mexico, 2009 20
Figure 10: ING Groep N.V.: revenues & profitability 24
Figure 11: ING Groep N.V.: assets & liabilities 25
Figure 12: MetLife Inc: revenues & profitability 28
Figure 13: MetLife Inc: assets & liabilities 29
Figure 14: Grupo Financiero Banorte SA de CV: revenues & profitability 32
Figure 15: Grupo Financiero Banorte SA de CV: assets & liabilities 32
Figure 16: Mexico insurance market value forecast: $ million, 2009–14 33