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Latin American Insurance Market

The Latin American insurance market in 2022

This report offers a review of the performance of the Latin American insurance sector in 2022, in the context of a regional economy that began a slowdown as a result of the tightening of financial conditions, the restrictive monetary policies adopted to combat the inflationary process, the fiscal measures implemented to control deviations in the public deficit, the loss of purchasing power caused by inflation, and the slowdown in the economic activity of its main trading partners. In this context, the report reviews the main magnitudes of the region’s insurance markets (considering aspects such as premium growth, investments, technical provisions, technical performance, and results and profitability). It also analyzes the main structural trends (penetration, density and depth of insurance) and updates the insurance gap estimate for the region.

The Latin American insurance market in 2022 (Spanish)

El mercado asegurador latinoamericano en 2019

The Latin American insurance market in 2021

The report presents an analysis of the performance of the insurance market in Latin America, in the context of the beginning of the economic recovery after the effects of the Covid-19 pandemic, as well as the reappearance of new inflationary pressures in the region. In this context, the Latin American insurance market benefited from the economic recovery, with real growth in premium volume in almost all countries. Likewise, the Insurance Protection Gap, which represents the difference between the insurance coverage purchased and that which is economically necessary and beneficial to society, increased in the last year, highlighting the significant potential for growth for insurance activity in Latin America.

The Latin American insurance market in 2021 (English)
The Latin American insurance market in 2021 (Spanish)
The Latin American insurance market in 2021 (Spanish) (ePub)

The Latin American insurance market in 2020

This report presents an overview of the insurance sector in Latin America and the Caribbean during 2020, and its evolution over the last decade, analyzing its structure, concentration and the performance of its main lines of business, at a regional level as well as individually for a total of nineteen countries. It also offers a review of the main structural trends of the regional market (penetration, density, deepening and market evolution index) during the period 2010-2020, as well as an update of the estimate of the Insurance Protection Gap in Latin America and the Caribbean and a breakdown of each of the markets analyzed. This edition is of particular interest insofar as it analyzes the performance of the insurance sector in a year marked by the economic and social impact of the Covid-19 pandemic.

The Latin American insurance market in 2020 (English)
The Latin American insurance market in 2020 (Spanish)
The Latin American insurance market in 2020 (English) (ePub)
The Latin American insurance market in 2020 (Spanish) (ePub)

The Latin American insurance market in 2019

This report provides an outlook on the regional performance of the insurance sector in Latin America and the Caribbean in 2019, analyzing the structure, concentration and performance of the main lines of business, both on a regional and an individual level for a total of nineteen countries. It provides a review of the main structural trends in the regional market (penetration, density, depth and the market performance index) for the 2009-2019 period, as well as an update of the Latin American and Caribbean Insurance Protection Gap estimates and a breakdown of each of the markets analyzed. Finally, the report includes information regarding the economic environment in which the market was immersed in 2019, and the economic estimates expected after the emergence of the Covid-19 pandemic, which without a doubt will mark the future behavior of the insurance sector.

The Latin American insurance market in 2019 (English)
The Latin American insurance market in 2019 (Spanish)
The Latin American insurance market in 2019 (English) (ePub)
The Latin American insurance market in 2019 (Spanish) (ePub)

The Latin American insurance market in 2018

This report looks at the key indicators and trends of the Latin American insurance markets in 2018, reviewing aspects like premium growth, the main headings on the aggregate sector-level balance sheet, technical provisions, investments, technical performance, and results and profitability. Further, the report includes a review of the main structural trends underlying the growth in insurance activity, such as penetration, density and depth, as well as an estimate of the Insurance Protection Gap and the Market Development Index for each of the countries analyzed.

The Latin American insurance market in 2018 (English)
The Latin American insurance market in 2018 (Spanish)
The Latin American insurance market in 2018 : Brazil Summary (Portuguese)
The Latin American insurance market in 2018 (English) (ePub)
The Latin American insurance market in 2018 (Spanish) (ePub)

The Latin American insurance market in 2017

The aim of this report is to provide an analysis of the performance of the Latin American insurance industry in 2017, as well as to provide an analysis of its development over the last ten years, from 2007-2017.

In 2017, total premium volume in Latin America grew 8.6 percent compared to the previous year. The economic recovery experienced in the year favored the development of the insurance market, which has resumed its path to recovery in worldwide market share growth, reaching 3.4 percent of global insurance premiums.

The Latin American insurance market in 2017 (English)
The Latin American insurance market in 2017 (Spanish)
The Latin American insurance market in 2017 (English) (ePub)
The Latin American insurance market in 2017 (Spanish) (ePub)

2016-Portada-Mercado-Latinoamericano-ENU

The Latin American insurance market in 2016

The report includes an analysis of the insurance market in Latin America and the Caribbean and the economic environment. In 2016, the region’s economy contracted close to -1.2 percent (-2.9 percent in Venezuela), especially influenced by the recession in Brazil and Argentina. Regional activity is expected to gain momentum in 2017. Premiums in the insurance market showed light growth of 1.2 percent, thanks to the improved behavior of Life insurance. Non-Life business, which is strongly linked to economic growth, suffered a 3.1 percent contraction measured in US dollars. The report delves deeper into the key strengths of 2016 and the structural trends in the last decade, regionally and by country, including a ranking of key competitors and an overview of the relevant regulatory changes in each of the markets.

The Latin American insurance market in 2016 (English)
The Latin American insurance market in 2016 (Spanish)
The Latin American insurance market in 2016 (English) (ePub)
The Latin American insurance market in 2016 (Spanish) (ePub)

The Latin American insurance market in 2015

Report prepared with the aim of providing a review of the insurance sector in Latin America. Among other aspects, it looks at the key figures and structural trends in the region, and the insurance markets it comprises. It also includes the total Life and Non-Life rankings for each market, as well as key regulatory changes.

The Latin American insurance market in 2015 (English)
The Latin American insurance market in 2015 (Spanish)
The Latin American insurance market in 2015 (English) (ePub)
The Latin American insurance market in 2015 (Spanish) (ePub)

Growth Trends in the Latin American insurance market for 2016

This report provides a general analysis of the Latin American insurance market performance between 2005 and 2015, as well as a quantification of the Insurance Protection Gap in that region. In addition to analyzing the key structural trends, the report aims to identify both the traditional patterns that explain the insurance industry’s participation in the overall economy, as well as some elements of quantification regarding the degree of insurance penetration in the region. The report includes growth forecast for the Latin America insurance markets in 2016.

Growth Trends in the Latin American insurance market for 2016 (Spanish)