Non-life Insurance Accounted for 85.0% of Paraguayan Insurance Gross Written Premium in 2014

Date: 2015-09-01

“• The Paraguayan insurance industry grew in terms of gross written premium at a review-period CAGR of 18.3%.

• The insurance industry in Paraguay is supervised and regulated by the Superintendent of Insurance (SIS) – a division of the Central Bank of Paraguay. 

• As of December 2014, 35 insurers were authorized to conduct insurance business in Paraguay.

• Non-life insurance accounted for 85.0% of Paraguayan insurance gross written premium in 2014.

• Motor insurance was the largest category in the non-life segment in terms of gross written premium during the review period.

• Strong economic expansion supports insurance industry growth.

• Consumer awareness of life insurance is generally low.”

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