Market segment outlook : Argentina insurance

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<title>Market segment outlook</title>
<subTitle>: Argentina insurance</subTitle>
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<namePart>A.M. Best Company</namePart>
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<issuance>monographic</issuance>
<place>
<placeTerm type="text">New Jersey</placeTerm>
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<publisher>A.M. Best Company Inc</publisher>
<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">AM Best maintains a negative outlook for Argentina's insurance industry due to persistent macroeconomic volatility, high inflation, limited real growth, and unstable investment results. Following a 1.6% GDP contraction in 2023 caused by drought and economic imbalances, President Milei's austerity measures including subsidy cuts, currency devaluation, and deregulation led to a 3.9% GDP rebound by Q3 2024. Inflation, though still high at 118%, is slowing, prompting interest rate cuts and boosting exports. Despite signs of macroeconomic recovery and reduced country risk, ongoing volatility continues to challenge the insurance sector's financial stability and profitability</abstract>
<tableOfContents displayLabel="Contents">Economic growth following the 2023 downturn -- Insurance industry growth has been marginal</tableOfContents>
<note type="statement of responsibility">A.M. Best Company Inc</note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080600648">
<topic>Crecimiento económico</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080551346">
<topic>Inflación</topic>
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<topic>Crecimiento económico</topic>
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<topic>Volatilidad en los mercados</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080638139">
<geographic>Argentina</geographic>
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<classification authority="">219</classification>
<location>
<url displayLabel="electronic resource" usage="primary display">https://www3.ambest.com/ambv/sales/bwpurchase.aspx?record_code=350959&AltSrc=108</url>
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<relatedItem type="series">
<titleInfo>
<title>Best's market segment report</title>
<partNumber>February 3, 2025</partNumber>
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<recordCreationDate encoding="marc">250922</recordCreationDate>
<recordChangeDate encoding="iso8601">20250923093440.0</recordChangeDate>
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