Historically, Mexico is an energy powerhouse, one of the world’s most important crude oil producers, and highly dependent on those exports for economic growth, foreign currency and government revenues. At 5.2% of GDP in 2015, however, oil and gas extraction account for a smaller share of the national economy than at any time in recent history...
In the context of energy reform, what steps are being taken to ensure that the Mexican oil industry remains competitive?
While the shift in the political relations with the US has raised new concerns on a number of economical fronts, Mexico’s plans to make the most of its renewable energy resources will benefit both the country itself and its northern neighbour. A significant increase in the contribution of solar and wind into the energy mix is expected in the...
What is the relationship between state-owned organisations and private companies in the wake of reforms across the sector?
Given the relatively high administration costs, and low profitability, serving the insurance sector in Mexico has not traditionally been a priority for leading market players. The country can be a challenging market for insurers to operate in as it is exposed, for instance, to a full range of natural disaster risks including earthquakes,...
Mexico is one of the few countries where there is no mandatory legal requirement for all drivers to be insured at all times. It is perhaps unsurprising therefore that, according to the Mexican Association of Insurance Companies (Asociación Mexicana de Instituciones de Seguros, AMIS), only 27% of cars in the country were insured in 2016, down...
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