In 2022, non-life insurance had the larger market share of the insurance industry in Latin America. The market share of non-life insurance was 57.7 percent that year, while the remaining 42.3 percent market share was held by life insurance. Among Latin American countries that year, Brazil had the highest premium volume in the non-life insurance industry in the region.
Market share of the insurance industry in Latin America from 2015 to 2022, by type
Source notes the following information:
"It's important to note that this table does not consider the Venezuelan insurance market as it does not have a breakdown of the lines of business, so growth of
the Life and Non-Life segments may vary compared to the aggregate growth data for the region indicated in the text of this report."
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Mapfre. (September 27, 2023). Market share of the insurance industry in Latin America from 2015 to 2022, by type [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/602456/market-share-of-non-life-insurance-latin-american-insurance-industry-by-line/
Mapfre. "Market share of the insurance industry in Latin America from 2015 to 2022, by type." Chart. September 27, 2023. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/602456/market-share-of-non-life-insurance-latin-american-insurance-industry-by-line/
Mapfre. (2023). Market share of the insurance industry in Latin America from 2015 to 2022, by type. Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/602456/market-share-of-non-life-insurance-latin-american-insurance-industry-by-line/
Mapfre. "Market Share of The Insurance Industry in Latin America from 2015 to 2022, by Type." Statista, Statista Inc., 27 Sep 2023, https://www.statista.com/statistics/602456/market-share-of-non-life-insurance-latin-american-insurance-industry-by-line/
Mapfre, Market share of the insurance industry in Latin America from 2015 to 2022, by type Statista, https://www.statista.com/statistics/602456/market-share-of-non-life-insurance-latin-american-insurance-industry-by-line/ (last visited December 19, 2024)
Market share of the insurance industry in Latin America from 2015 to 2022, by type [Graph], Mapfre, September 27, 2023. [Online]. Available: https://www.statista.com/statistics/602456/market-share-of-non-life-insurance-latin-american-insurance-industry-by-line/
