Centro de Documentacion de Fundación MAPFRE - Latin America market report 2025 : optimism for insurance business while economic growth moderates

MAP20250021600

Latin America market report 2025 : optimism for insurance business while economic growth moderates / Swiss Re Institute. — Zurich : Swiss Re Institute, 2025

16 p.

Risks to the outlook -- Front-loading trade: Latin America exports surge -- Brazil -- Mexico -- Colombia -- Chile. — Sumario: The report highlights moderate economic growth and a resilient insurance sector across the region. Real GDP is projected to rise by 2.1% in 2026, with Brazil slowing to 1.7%, Mexico recovering to 1.6%, Colombia reaching 2.7%, and Chile stabilizing at 2.1%, while inflation trends near the upper limits of central bank targets. Fiscal constraints, geopolitical tensions, and trade uncertainties remain key risks, despite temporary export gains from U.S. tariff front-loading. Insurance premiums are expected to grow by 4% in real terms in 2026, outpacing GDP, driven by Life & Health (4.6%) and Property & Casualty (3.2%) segments, supported by bancassurance, digital channels, and rising risk awareness. Country-specific dynamics include Brazil's rebound in life savings products, Mexico's strong health and motor performance, Colombia's health premium surge amid economic headwinds, and Chile's solid growth in life and health despite regulatory shifts. Profitability is upheld by stronger underwriting as investment returns soften, underscoring the need for disciplined pricing, risk management, and adaptation to evolving macroeconomic and regulatory conditions

1. Mercado de seguros . 2. Crecimiento económico . 3. Regulación . 4. Inflación . 5. Geopolítica . 6. Aranceles . 7. Seguro de salud . 8. Seguro de daños patrimoniales . 9. Riesgos emergentes . 10. Gerencia de riesgos . 11. Perspectivas económicas . 12. Perspectivas del seguro . 13. América Latina . I. Swiss Re Institute . II. Título.