Insurance offers coverage to individuals or companies in the case of a future loss or injury, e.g. damage after a car crash, items stolen from home, etc. In 2018, Europe was the region that concentrated the largest share of insurance premiums worldwide, followed by Asia-Pacific, and North America. These three territories combined accounted for more than 90 percent of the global premiums.
With an increasing number of new companies among the financial technology sector, the insurance market has not been left behind. Only in Latin America, there are at least 180 new Insurtech companies improving the efficiency and security of the insurance industry in the region. Among these new companies, QuintoAndar – a Brazilian fintech platform – stands out as the one that has raised the largest funding value, receiving nearly 90 million U.S. dollars in the last three years.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
In the following 5 chapters, you will quickly find the 29 most important statistics relating to "Insurance industry in Latin America".