The insurance market in Latin America demonstrated notable resilience in 2022, experiencing impressive growth of 15.9 %, reaching a total of $173,674 million
This economic phenomenon did not go unnoticed and was analyzed in detail by Mapfre, a leader in the business in the region.
Growth drivers…
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insurance market
The Latin American insurance market grows 11.5 % in 2021
The Latin American insurance market grew 11.5 % in 2021, to 149,794 million dollars (about 153,280 million euros), and recovered from the strong contraction it experienced in 2020 (-11.9 %). Although it has not yet recovered the level of…
Latin American insurance market fell in 2020
The insurance market in Latin America experienced a drop of 11.9 % in premiums in 2020, to 134,361 million dollars, of which 57 % were registered in Non-Life insurance compared to the remaining 43 % in Life insurance, according to a report…