Non-Life Insurance in Argentina, Key Trends and Opportunities to 2018

Date: 2015-09

The Argentine non-life segment registered growth during the review period (2009โˆ’2013), despite several setbacks such as high inflation, which affected commercial lending activities and led to a slowdown in economic growth in 2012. The gross written premium of the non-life insurance segment increased at a review-period compound annual growth rate (CAGR) of 31.8%. This increase was partly due to countryโ€™s infrastructure development, improving foreign trade dynamics, increasing access to credit, and the expanding automobile industry. Argentine GDP at constant prices grew at a CAGR of 6.0% during the review period, with these factors expected to support the segment over the forecast period (2013โˆ’2018). This will fuel Argentinaโ€™s expanding construction and real estate sectors, which will create additional demand for property insurance.

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