Mexico was the Latin American country with the highest losses in the insurance industry in 2022. That year, the country paid out more than 18 billion U.S. dollars in claims. Brazil ranked second with losses amounting to just over 10 billion dollars. During this time, Brazil had the highest operating expenses in the insurance industry in Latin America.
Insurance losses in Latin America from 2020 to 2022, by country
(in million U.S. dollars)
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Mapfre. (September 27, 2023). Insurance losses in Latin America from 2020 to 2022, by country (in million U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/602340/accident-rate-latin-american-insurance-industry-by-country/
Mapfre. "Insurance losses in Latin America from 2020 to 2022, by country (in million U.S. dollars)." Chart. September 27, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/602340/accident-rate-latin-american-insurance-industry-by-country/
Mapfre. (2023). Insurance losses in Latin America from 2020 to 2022, by country (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/602340/accident-rate-latin-american-insurance-industry-by-country/
Mapfre. "Insurance Losses 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/602340/accident-rate-latin-american-insurance-industry-by-country/
Mapfre, Insurance losses in Latin America from 2020 to 2022, by country (in million U.S. dollars) Statista, https://www.statista.com/statistics/602340/accident-rate-latin-american-insurance-industry-by-country/ (last visited December 21, 2024)
Insurance losses 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/602340/accident-rate-latin-american-insurance-industry-by-country/