LatAm insurance premiums fell 12 percent in 2020 on contraction of life segments

24-12-2021

LatAm insurance premiums fell 12 percent in 2020 on contraction of life segments

shutterstock/NicoElNino

The Latin American insurance market suffered a 12 percent decline in dollar-denominated premiums 2020 as the pandemic brought a "sharp decline" in business in Brazil, Mexico, Chile and Columbia. The decline was made sharper on local currency depreciation during the downturn.


Mapfre, Premiums, Life, Insurance, Reinsurance, Latin America

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