Mexico was the Latin American country with the highest accident rate in the insurance industry in 2020. That year, the country reported a rate of more than 14 billion U.S. dollars. Chile ranked second with a loss rate amounting to just over nine billion dollars. During this time, Brazil had the highest operating expenses in the insurance industry in Latin America.
Accident insurance rate in Latin America in 2020, by country
(in million U.S. dollars)
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Mapfre. (September 28, 2021). Accident insurance rate in Latin America in 2020, by country (in million U.S. dollars) [Graph]. In Statista. Retrieved June 27, 2022, from https://www.statista.com/statistics/602340/accident-rate-latin-american-insurance-industry-by-country/
Mapfre. "Accident insurance rate in Latin America in 2020, by country (in million U.S. dollars)." Chart. September 28, 2021. Statista. Accessed June 27, 2022. https://www.statista.com/statistics/602340/accident-rate-latin-american-insurance-industry-by-country/
Mapfre. (2021). Accident insurance rate in Latin America in 2020, by country (in million U.S. dollars). Statista. Statista Inc.. Accessed: June 27, 2022. https://www.statista.com/statistics/602340/accident-rate-latin-american-insurance-industry-by-country/
Mapfre. "Accident Insurance Rate in Latin America in 2020, by Country (in Million U.S. Dollars)." Statista, Statista Inc., 28 Sep 2021, https://www.statista.com/statistics/602340/accident-rate-latin-american-insurance-industry-by-country/
Mapfre, Accident insurance rate in Latin America in 2020, by country (in million U.S. dollars) Statista, https://www.statista.com/statistics/602340/accident-rate-latin-american-insurance-industry-by-country/ (last visited June 27, 2022)