Mexico vs the world in insurance

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Although each country has its own economic, political and social reality, there is a common factor: all governments must foster a culture of prevention in the event of the unexpected. Whether it is to protect assets, health or assets, worldwide there are insurances that provide the tools to face times of crisis.

These figures give us a panoramic view of the situation in which Mexico is compared to other countries in the world:

Total population of countries*
  • Mexico 126.2 
  • United States 327.2 
  • Great Britain 66.27
  • Spain 46.66 
  • Canada 37.06

*Figures in millions of inhabitants up to 2018. For a better reference of the most recent data on insurance, the population data for 2018 was used.

It may also interest you: Insure your belongings even if you do not have the invoice
Life Insurance Policies 
  • Mexico: 13.5 million (2018)
  • United States: 267 million (2018)
  • Great Britain: 14.4 million (2017)
  • Spain: 20 million (2018)
  • Canada: 22 million (2018)
Auto Insurance Policies 
  • Mexico: 7.8 million (2018)
  • United States: 203 million (2015)
  • Great Britain: 20 million (2018)
  • Spain: 31.7 million (2019)
  • Canada: 1.9 million (2018)
Private medical insurance policy
  • Mexico: 5.0 million (2018)
  • United States: 223.1 million (2019)
  • Great Britain: 4 million (2015)
  • Spain: 10.5 million (2019)
  • Canada: 100% of the population covered by the public Medicare program

 

Total population source

Google.com (March 2021): Mexico Population 2018 / United States Population 2018 / Great Britain Population 2018 / Spain Population 2018 / Canada Population 2018.

life insurance sources

Mexico National Banking and Securities Commission CNBV and National Institute of Statistics and Geography INEGI. (March 2021). National Survey of Financial Inclusion 2018. Retrieved from: https://www.inegi.org.mx/contenidos/programas/enif/2018/doc/enif_2018_resultados.pdf

United States Best Life Rates. (March 2021). Life Insurance Statistics – Industry Facts, Figures & Data. Retrieved from: https://www.bestliferates.org/life-insurance-statistics/#:~:text=44%25%20of%20Millennials%20overestimate%20the,place%20in%20the%20United%20States

Great Britain Statista Research Department. (March 2021). Share of adults with life insurance in the United Kingdom (UK) in 2017, by age. Retrieved from: https://www.statista.com/statistics/793603/share-of-adults-with-life-insurance-uk/

Spain Moreno Mendieta, Miguel. (March 2021). Life insurance, the banking gold mine, with margins of up to 50%. Obtained from: https://cincodias.elpais.com/cincodias/2018/05/07/midinero/1525702922_478168.html

Canada: Coxon, Lisa. (March 2021). Most Canadians don't have enough life insurance. Retrieved from: https://www.lowestrates.ca/blog/finance/do-canadians-have-enough-life-insurance

auto insurance sources

Mexico National Banking and Securities Commission CNBV and National Institute of Statistics and Geography INEGI. (March 2021). National Survey of Financial Inclusion 2018. Retrieved from: https://www.inegi.org.mx/contenidos/programas/enif/2018/doc/enif_2018_resultados.pdf

United States Statista Research Department. (March 2021). Number of passenger cars insured in the United States from 2007 to 2015. Retrieved from: https://www.statista.com/statistics/533306/number-of-passenger-cars-insured-usa/

Great Britain Statista Research Department. (March 2021). Leading car insurance companies ranked by number of insurance plan owners in Great Britain in 2018. Retrieved from: https://www.statista.com/statistics/304449/company-car-insurance-plan-ownership-in-the-uk/ #:~:text=Throughout%20the%20UK%20there%20are,3.2%20million%20plan%20owners%20respectively

Spain Grau, Xavier. (March 2021). How many insured vehicles circulate on the roads of Spain? Obtained from: https://www.lavanguardia.com/seguros/coches/20191009/47877637979/vehiculos-asegurados-parque-movil-seguro-fiva-responsabilidad-civil.html

Datamacro.com. (March 2021).Canada Vehicle production https://datosmacro.expansion.com/negocios/produccion-vehiculos/canada

health insurance sources

Mexico National Banking and Securities Commission CNBV and National Institute of Statistics and Geography INEGI. (March 2021). National Survey of Financial Inclusion 2018. Retrieved from: https://www.inegi.org.mx/contenidos/programas/enif/2018/doc/enif_2018_resultados.pdf

United States Keisler-Starkey, Katherine, N. Bunch, Lisa. (March 2021). Health Insurance Coverage in the United States: 2019. Retrieved from: https://www.census.gov/library/publications/2020/demo/p60-271.html#:~:text=In%202019%2C%208.0% 20percent%20of,of%202019%20was%2092.0%20percent

Great Britain Tikkanen, Roosa. Osborne, Robin. Mossialos, Elias. Djordjevic, Ana. Wharton, George A. (March 2021). International Health Care System Profiles England. Retrieved from: https://www.commonwealthfund.org/international-health-policy-center/countries/england#:~:text=Role%20of%20private%20health%20insurance,at%20the%20beginning%20of%202015. &text=In%202016%2C%20voluntary%20private%20health,percent%20of%20total%20health%20expenditures

Spain Isanidad (March 2021). In 2019, 10.5 million Spaniards had private insurance, with Madrid and Catalonia leading the way in insured. Retrieved from: https://isanidad.com/170007/2019-10-5-millones-espanoles-tenian-seguro-privado-madrid-cataluna-cabez-asegurados/#:~:text=Noticias-,En%202019% 2010%2C5%20million%20of%20Spanish%C3%B1oles%20have%C3%ADan%20un%20insurance,to%20the%20head%20in%20insured&text=The%20sector%20insurance%20health%20grows,1%25%20with% 20respect%20to%202018

Canada Tikkanen, Roosa. Osborne, Robin. Mossialos, Elias. Djordjevic, Ana. Wharton, George A. (March 2021). International Health Care System Profiles Canada. Retrieved from: https://www.commonwealthfund.org/international-health-policy-center/countries/canada

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