The Latin American Insurance Market

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.