Latin America: life and non-life insurance 2020-2022, by type

Published by
Jennifer Rudden,
Nov 21, 2023
Individual and group life insurances accounted for more than 40 percent of all Latin American insurance premiums in 2022. Meanwhile, from the non-life segment, auto insurance held the highest market share, at 17.1 percent of total premiums. Also during this time, non-life insurance constituted nearly 58 percent of Latin America's insurance industry.

Market share of life and non-life insurance in Latin America from 2020 to 2022, by line

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Source

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Release date

September 2023

Region

LAC

Survey time period

2020 to 2022

Supplementary notes

Source notes the following information:
"It's important to note that this table does not consider the Venezuelan insurance market as it does not have a breakdown of the lines of business, so growth of the Life and Non-Life segments may vary compared to the aggregate growth data for the region indicated in the text of this report."

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