Dental and Health Plans in Mexico
The health and dental insurance market in Mexico has witnessed significant growth, with the latest data as of September 2023 shedding light on key players and market trends. In terms of market share growth in dental and health insurance plans, BBVA Seguros Salud Mexico emerges as a leader, experiencing a remarkable 6.60% increase. Following are Seguros Centauro, Sofia Salud, Odontored Seguros Dentales, and General de Salud, with growth ranging from 0.32% to 1.53%.
In the realm of direct issued premiums, Plan Seguro dominates the market with 33.1% share, while BBVA Seguros Salud Mexico and General de Salud follow suit with 25.4% and 15.4%, respectively.
In the realm of direct issued premiums, Plan Seguro dominates the market with 33.1% share, while BBVA Seguros Salud Mexico and General de Salud follow suit with 25.4% and 15.4%, respectively.
Health insurance direct written premiums in Mexico
Turning to the growth in market share for health and medical expense (GMM), MetLife Mexico, S.A. de C.V. leads the pack with a 0.61% increase, closely followed by Axa Seguros, S.A. de C.V., Grupo Nacional Provincial, S.A.B., Mapfre Mexico, S.A., and Pan-American Mexico, Compania de Seguros, S.A. de C.V.
In terms of market share for health insurance, Grupo Nacional Provincial, S.A.B. holds the top spot with 27.7%, trailed by Axa Seguros, S.A. de C.V. at 20.0%, and MetLife Mexico, S.A. de C.V. at 19.2%.
The overall evolution of the business, measured in billions of Pesos, demonstrates a positive trajectory. Plans for dental and health insurance reached 6.09 billion Pesos, experiencing a 10% year-on-year nominal increase. Similarly, the segment of health medical expense insurance saw substantial growth, reaching 100.93 billion Pesos, indicating a 13.4% rise in nominal year-on-year variation.
The overall evolution of the business, measured in billions of Pesos, demonstrates a positive trajectory. Plans for dental and health insurance reached 6.09 billion Pesos, experiencing a 10% year-on-year nominal increase. Similarly, the segment of health medical expense insurance saw substantial growth, reaching 100.93 billion Pesos, indicating a 13.4% rise in nominal year-on-year variation.
