Property Insurance Industry Outlook in South and Central America in 2022

GlobalData’s ‘Property Insurance Industry Outlook in South and Central America in 2022’ report provides a comprehensive overview of South and Central America’s property insurance industry.

• This report provides the market size of the property insurance industry in the South and Central American region.

• South and Central American property insurance grew at a CAGR of 1.3% during the review period (2016-20).

• The report provides details on the market size of property insurance premiums for the 20 largest markets in the South and Central American region along with their profitability ratios.

• Brazil was the largest market accounting for 36.3% of the region’s property insurance premiums in 2020. Honduras recorded the highest loss ratio in the region in 2020.

• The regional industry reported notable developments in parametric insurance and risk-based insurance modeling and premium pricing. The report provides an insight into key trends, the impact of climate change, technology developments, and potential disruptors in the property insurance industry.

• The report discusses the impact of COVID-19 on the industry as well as other challenges that impacted the property insurance industry in the South and Central American region.

• Policy wording is expected to be the key determinant in awarding claims under 'event cancellation' and 'multiple-perils' insurance. Multiple perils mainly cover in the case of material damage; however, liability cover under the insurance can be extended to cover the illness or death of an employee.

• The report provides a comparative analysis of leading insurers in the region.

• The report throws light on the regulatory requirements in the region including licensing rules, capital requirements, taxation regime, and ownership quotas.

• The report also highlights recent M&As in the property insurance industry.

Download our free report for more detailed insights.