Mexico
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Population & Scope
Population & Scope Statistical population Statistical populationGeneral remarks:
Non-Life insurance data include Surety Institutions (since 2017).
Definition of foreign-controlled companies:
The Insurance and Surety Institutions Law (LISF), in its Article 2 fraction XI, XVIII y XXVIII establishes that:
Subsidiary is an anonymous Mexican society, authorised to operate and to organize itself according to this law as an Institution, and that has participation of a Foreign Financial Institution or a Subsidiary Controlling Company (Holding Company) in its capital.
A Foreign Financial Institution is a financial corporation incorporated in a country with which Mexico has established an international trade or an agreement, which allows the establishment of domiciled subsidiaries.
A Subsidiary Controlling Company (Holding Company) is a Mexican corporation authorised to operate and to organize itself according to the Financial Groups Law, LARF (Ley para Regular las Agrupaciones Financieras) in which capital participates a Foreign Financial Institution.
1.1.4 Non-life insurance payments, by class, gross premiums:
a) “Marine, aviation and other transport insurance” includes “Freight Insurance”.
b) “Other non-life insurance” includes agricultural insurance.
Non-Life insurance data include Surety Institutions (since 2017).
Definition of foreign-controlled companies:
The Insurance and Surety Institutions Law (LISF), in its Article 2 fraction XI, XVIII y XXVIII establishes that:
Subsidiary is an anonymous Mexican society, authorised to operate and to organize itself according to this law as an Institution, and that has participation of a Foreign Financial Institution or a Subsidiary Controlling Company (Holding Company) in its capital.
A Foreign Financial Institution is a financial corporation incorporated in a country with which Mexico has established an international trade or an agreement, which allows the establishment of domiciled subsidiaries.
A Subsidiary Controlling Company (Holding Company) is a Mexican corporation authorised to operate and to organize itself according to the Financial Groups Law, LARF (Ley para Regular las Agrupaciones Financieras) in which capital participates a Foreign Financial Institution.
1.1.4 Non-life insurance payments, by class, gross premiums:
a) “Marine, aviation and other transport insurance” includes “Freight Insurance”.
b) “Other non-life insurance” includes agricultural insurance.
General remarks:
Non-Life insurance data include Surety Institutions (since 2017).
Definition of foreign-controlled companies:
The Insurance and Surety Institutions Law (LISF), in its Article 2 fraction XI, XVIII y XXVIII establishes that:
Subsidiary is an anonymous Mexican society, authorised to operate and to organize itself according to this law as an Institution, and that has participation of a Foreign Financial Institution or a Subsidiary Controlling Company (Holding Company) in its capital.
A Foreign Financial Institution is a financial corporation incorporated in a country with which Mexico has established an international trade or an agreement, which allows the establishment of domiciled subsidiaries.
A Subsidiary Controlling Company (Holding Company) is a Mexican corporation authorised to operate and to organize itself according to the Financial Groups Law, LARF (Ley para Regular las Agrupaciones Financieras) in which capital participates a Foreign Financial Institution.
1.1.4 Non-life insurance payments, by class, gross premiums:
a) “Marine, aviation and other transport insurance” includes “Freight Insurance”.
b) “Other non-life insurance” includes agricultural insurance.
Non-Life insurance data include Surety Institutions (since 2017).
Definition of foreign-controlled companies:
The Insurance and Surety Institutions Law (LISF), in its Article 2 fraction XI, XVIII y XXVIII establishes that:
Subsidiary is an anonymous Mexican society, authorised to operate and to organize itself according to this law as an Institution, and that has participation of a Foreign Financial Institution or a Subsidiary Controlling Company (Holding Company) in its capital.
A Foreign Financial Institution is a financial corporation incorporated in a country with which Mexico has established an international trade or an agreement, which allows the establishment of domiciled subsidiaries.
A Subsidiary Controlling Company (Holding Company) is a Mexican corporation authorised to operate and to organize itself according to the Financial Groups Law, LARF (Ley para Regular las Agrupaciones Financieras) in which capital participates a Foreign Financial Institution.
1.1.4 Non-life insurance payments, by class, gross premiums:
a) “Marine, aviation and other transport insurance” includes “Freight Insurance”.
b) “Other non-life insurance” includes agricultural insurance.