Latin American insurance premiums nearly tripled to $174bn, 2011-22
Original title: A booming insurance market · McKinsey & Company · 19 Oct 2023
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.
- Data sources
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- Authors
- Sergio Waisser
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