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Argentina reinsurance market: Growth of over 95% CAGR seen between 2008-12

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PR-Inside.com: 2014-04-17 10:25:04
The Argentine reinsurance segment registered robust annual growth rates of 95.5% during 2008–2012. The treaty reinsurance category accounted for 74.6% of the total reinsurance written premiums in 2012, followed by the facultative reinsurance category with the remaining 25.4%.

Growth in the segment was partly due to improvements in the real estate industry and investment levels across the country. This was supported by the reinsurance ceded for large infrastructure projects and natural disaster protection in the country.

The implementation of a new reinsurance regulation in 2011 changed the competitive landscape of the segment. According to the new rule, insurers are restricted from purchasing reinsurance from international markets

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