Introduction
In Mexico, medical expense insurance is amidst a whirlwind of legislative initiatives aiming to regulate its costs for those who contract it. Political and creative intentions of the proposing legislators seem to stem from personal or party interests, lacking actuarial support or specialized advice.
The Role of Insurance Penetration in Price Stability
The Mexican Association of Insurance Institutions (AMIS) recently held its first Week of Insurance, where Óscar González, vicepresident of the Accidents and Illnesses committee, highlighted that as more people are insured, policy costs tend to stabilize and even decrease.
- Currently, only 10% of Mexico’s population (approximately 13 million people) has a medical expense policy.
- The trend shows more claim handling growth than new policyholders, with a 6.8% increase in 2023-2024, but claims growing faster than new policyholders.
- This indicates that despite the rise in insured individuals, it’s not at a volume to stabilize or reduce policy prices.
Willis Towers Watson (WTW) estimates a 14.9% medical inflation for 2025, further impacting premiums.
Challenges and Opportunities in the Insurance Sector
The insurance industry acknowledges challenges, including creating affordable products for the 90% without medical expense policies.
Statistics show that greater insurance penetration eventually leads to lower prices for the population over time.
Air Cargo Lines Content with AIFA
Air cargo lines operating at the Felipe Ángeles International Airport (AIFA) are content and satisfied with the terminal.
No airlines have complained or requested a return to the Benito Juarez International Airport following the U.S. Department of Transportation’s cancellation of 13 routes to the U.S. from AIFA.
- By the end of 2024, AIFA handled 487,000 tons of cargo, with 70% managed by cargo agents and 30% by courier and package companies.
- Cargo agents and customs brokers have witnessed significant, unanticipated growth in AIFA with many opportunities ahead.
Upcoming CCE Presidential Elections
The registration for candidacy for the Consejo Coordinador Empresarial (CCE) presidency, succeeding Francisco Cervantes Díaz, opened on November 6 and closes on November 11.
- The Consejo Nacional del CCE will be informed of registered candidates on November 14, followed by a proselytizing period until December 5.
- Candidates can present proposals to CCE constituent organizations.
- The annual general assembly in December will hold the election and presidential transition.
Leading candidates for the position include José Medina Mora, former COPARMEX president and current CCE vicepresident; Juan Cortina Gallardo, former Consejo Nacional Agropecuario president; and Julio Carranza and Sofía Belmar, former ABM and AMIS presidents.
