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Latin American insurance premiums nearly tripled to $174bn, 2011-22

Original title: A booming insurance market · McKinsey & Company · 19 Oct 2023

What does the data say about a booming insurance market?

McKinsey & CompanyView original

Original chart: McKinsey & Company

So what

Latin America's insurance market grew from $63 billion to $174 billion in gross written premiums in just over a decade. Life outpaced nonlife, tripling as rising middle classes seek protection and savings products. Insurers looking for growth beyond saturated home markets should treat the region as a priority, not a periphery.

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Authors
Sergio Waisser
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