Argentina non-life insurance market: Written premiums grew 29% between 2008-12
2014-04-17 10:21:04 - Non-Life Insurance in Argentina, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
During the review period, the Argentine non-life segment registered growth despite several setbacks, including high inflation which affected commercial lending activities and led to a slowdown in economic growth in 2012. The written premium of the non-life insurance segment increased at a CAGR of 29.0% during the review period.
The increase was partly due to country´s overall economic growth, improving foreign
trade dynamics, increasing access to credit, and the expanding automobile industry. These factors are expected to remain positive and support the overall growth of the non-life segment over the forecast period. Consequently, the written premium of the segment is expected to increase at a projected CAGR of 19.6% over the forecast period. This will be further fueled by the influence of Argentina´s expanding construction and real estate industries, which will create additional demand for property insurance.
The written premium of the segment is expected to increase at a projected CAGR of 19.6% over the forecast period. This will be further fueled by the influence of Argentina´s expanding construction and real estate industries, which will create additional demand for property insurance
The Argentine insurance industry is supervised and regulated by the Superintendence of Insurance (SSN). Argentina contains one of the fastest-growing insurance industries and has the fourth-largest non-life segment in Latin America. Government misrepresentation of inflation data to impact insurers´ investment portfolios.
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