In 2022, Brazil was the Latin American country with the highest operating expenditure in the insurance industry. That year, Brazilian insurance companies reported expenses amounting to almost 12 billion U.S. dollars. Mexico ranked second, with operating expenses reaching about 7.5 billion dollars. The two Latin American countries also had the highest volumes of premiums earned by the insurance industry.
Operating expenses of the insurance industry in Latin America from 2020 to 2022, by country
(in million U.S. dollars)
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Mapfre. (September 27, 2023). Operating expenses of the insurance industry in Latin America from 2020 to 2022, by country (in million U.S. dollars) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/602335/operating-expenses-latin-american-insurance-industry-by-country/
Mapfre. "Operating expenses of the insurance industry in Latin America from 2020 to 2022, by country (in million U.S. dollars)." Chart. September 27, 2023. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/602335/operating-expenses-latin-american-insurance-industry-by-country/
Mapfre. (2023). Operating expenses of the insurance industry in Latin America from 2020 to 2022, by country (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/602335/operating-expenses-latin-american-insurance-industry-by-country/
Mapfre. "Operating Expenses of The Insurance Industry in Latin America from 2020 to 2022, by Country (in Million U.S. Dollars)." Statista, Statista Inc., 27 Sep 2023, https://www.statista.com/statistics/602335/operating-expenses-latin-american-insurance-industry-by-country/
Mapfre, Operating expenses of the insurance industry in Latin America from 2020 to 2022, by country (in million U.S. dollars) Statista, https://www.statista.com/statistics/602335/operating-expenses-latin-american-insurance-industry-by-country/ (last visited November 24, 2024)
Operating expenses of the insurance industry in Latin America from 2020 to 2022, by country (in million U.S. dollars) [Graph], Mapfre, September 27, 2023. [Online]. Available: https://www.statista.com/statistics/602335/operating-expenses-latin-american-insurance-industry-by-country/
