Argentina General Insurance Market Size, Trends by Line of Business (Personal and Health, Property, Motor, Marine, Aviation and Transit Insurance, and Miscellaneous), Distribution Channel, Competitive Landscape and Forecast, 2022-2026
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Argentina General Insurance Market Overview
The gross written premium of the Argentina general insurance industry was $9.24 billion in 2021. Regulatory support and improved underwriting results were the major drivers of the general insurance segment. The market is expected to achieve a CAGR of more than 9% during 2021-2026. The Argentina general insurance industry research report provides in-depth market analysis, information, insights, and a detailed outlook by product category for the Argentina general insurance segment. It also provides values for key performance indicators such as gross written premium, loss ratio, retail and commercial split, premium by line of business, and premium ceded during the review period and forecast period.
The report analyzes distribution channels operating in the segment, gives a comprehensive overview of Argentina’s economy and demographics, and provides detailed information on the competitive landscape in the country. The report also gives insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report includes details of insurance regulations and recent changes in the regulatory structure.
Argentina General Insurance Market Outlook, 2021 ($ Billion)
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Key Argentina General Insurance Industry Trends
The key trends in the Argentina insurance industry are improvements in insurtech, the removal of the ban on drones, and availability of parametric insurance solutions.
Improvement In Insurtech: Lisa Insurtech—based in Chile—implemented AI in Argentina in the area of claims processing through its flagship product LISA Claims. The company helps insurers to automate processes through advanced technological solutions to provide a quick response to customers.
Drone Insurance: Argentina lifted the drone ban, making it more accessible for civil and military use. Caja de Seguros, through its agent YCC Seugors de Confianza, provides civil liability insurance for drones.
Argentina General Insurance Industry Segmentation by Lines of Business
The key lines of business in the Argentina general insurance industry are motor, property, liability, financial lines, MAT, and miscellaneous. Motor insurance has the highest share among all these lines of business.
Motor Insurance: Motor insurance was the largest general insurance line, of the general insurance GWP in 2021. The implementation of usage-based insurance (UBI) and technologies— IoT, AI, and the prevalence of price comparison websites—are expected to support innovation and personalization driving growth of the motor insurance sector.
Argentina General Insurance Industry Analysis, by Lines of Business, 2021 (%)
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Argentina General Insurance Market - Competitive Landscape
Some of the leading general insurance companies in Argentina are Federacion Patronal Seguros SA, Sancor Cooperativa De Seguros Limitada, Prevencion Aseguradora de Riesgos del Trabajo SA, Provincia Aseguradora de Riesgos del Trabajo SA, Caja De Seguros SA, La Segunda Cooperativa Limitada De Seguros Generales, San Cristobal Sociedad Mutual De Seguros Generales, Seguros Bernardino Rivadavia Cooperativa Limitada, and Compania De Seguros La Mercantil Andina SA. Federacion Patronal Seguros SA led the general insurance companies in Argentina.
Argentina General Insurance Industry Analysis, by Companies, 2021 (%)
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Argentina General Insurance Market Report Overview
Market Size (2021) | $9.24 billion (GWP) |
CAGR (2021-2026) | >9% |
Forecast period | 2022-2026 |
Key Lines of Business | Motor, Property, Liability, Financial Lines, MAT, and Miscellaneous |
Leading Companies | Federacion Patronal Seguros SA, Sancor Cooperativa De Seguros Limitada, Prevencion Aseguradora de Riesgos del Trabajo SA, Provincia Aseguradora de Riesgos del Trabajo SA, Caja De Seguros SA, La Segunda Cooperativa Limitada De Seguros Generales, San Cristobal Sociedad Mutual De Seguros Generales, Seguros Bernardino Rivadavia Cooperativa Limitada, and Compania De Seguros La Mercantil Andina SA |
Argentina General Insurance Market LoB Outlook ( Value, $ Billion, 2021-2026)
- Motor
- Property
- Liability
- Financial Lines
- MAT
- Miscellaneous
Scope
This report provides:
- Comprehensive analysis of the general insurance segment in Argentina.
- Historical values for the Argentina general insurance segment for the report’s review period and projected figures for the forecast period.
- Detailed analysis of the key categories in the Argentina general insurance segment and market forecasts to 2026.
- Profiles of the top general insurance companies in Argentina and outlines the key regulations affecting them.
Key Highlights
- Key insights and dynamics of the Argentina general insurance segment.
- A comprehensive overview of the Argentina economy, government initiatives, and investment opportunities.
- The Argentina insurance regulatory framework’s evolution, key facts, taxation regime, licensing, and capital requirements.
- Argentina’s general insurance reinsurance business’s market structure giving details of premium ceded along with cession rates.
- The Argentina general insurance segment structure giving details of retail and commercial lines of business.
- Argentina’s general insurance reinsurance business’s market structure giving details of premium ceded along with cession rates.
- Distribution channels deployed by the Argentina general insurers.
- Details of the competitive landscape, M&A, and competitors’ profiles.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Argentina general insurance segment, and each category within it.
- Understand the demand-side dynamics, key market trends, and growth opportunities in the Argentina general insurance segment.
- Assess the competitive dynamics in the general insurance segment.
- Identify growth opportunities and market dynamics in key product categories.
Sancor Cooperativa De Seguros Ltda
Prevencion Aseguradora de Riesgos del Trabajo SA
Provincia Aseguradora de Riesgos del Trabajo SA
Caja De Seguros SA
La Segunda Cooperativa Ltda De Seguros Generales
San Cristobal Sociedad Mutual De Seguros Generales
Seguros Bernardino Rivadavia Coop Ltda
Compania De Seguros La Mercantil Andina SA
Nacion Seguros SA
Table of Contents
Frequently asked questions
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What was the Argentina general insurance industry gross written premium in 2021?
The gross written premium of the Argentina general insurance industry was $9.24 billion in 2021.
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What is the Argentina general insurance industry growth rate?
The Argentina general insurance industry is expected to achieve a CAGR of more than 9% during 2021-2026.
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What are the key lines of business in the Argentina general insurance industry?
The key lines of business in the Argentina general insurance industry are motor, property, liability, financial lines, MAT, and miscellaneous.
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What are the leading companies in the Argentina general insurance industry?
Some of the key insurance companies in Argentina general insurance industry are Federacion Patronal Seguros SA, Sancor Cooperativa De Seguros Limitada, Prevencion Aseguradora de Riesgos del Trabajo SA, Provincia Aseguradora de Riesgos del Trabajo SA, Caja De Seguros SA, La Segunda Cooperativa Limitada De Seguros Generales, San Cristobal Sociedad Mutual De Seguros Generales, Seguros Bernardino Rivadavia Cooperativa Limitada, and Compania De Seguros La Mercantil Andina SA.
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