Life Insurance in Argentina, Key Trends and Opportunities to 2018

Date: 2015-09

The Argentinean life insurance segment accounted for 17.1%, of the insurance industryโ€™s gross written premiums in 2013 at a CAGR of 25.3% during the review period. The growth was primarily supported by the strong performance of group life products such as group whole life and group superannuation. It was further supported by the robust growth of the individual whole life category, which accounted for 13.3% of the life insurance segment. Decreases in unemployment, new tax benefits, increasing life expectancy and an aging population aided the segmentโ€™s growth. GDP at constant prices grew at a CAGR of 6.0% during the review period, and the presence of such factors is expected to support the life insurance segment over the forecast period. The segment is expected to grow in terms of gross written premium at a forecast-period CAGR of 28.2%.

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