El Salvador Insurance Industry: Key Trends and Opportunities to 2026
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The gross written premium (GWP) of the El Salvador insurance industry was $826.2 million in 2021. The market is expected to achieve a CAGR of more than 5% from 2021 to 2026. The El Salvador insurance market report gives a comprehensive overview of the El Salvador economy, government initiatives, and investment opportunities. 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 Liechtenstein’s reinsurance business’s market structure.
El Salvador Insurance Industry Outlook
For more insights on the El Salvador insurance market forecast, download a free report sample
El Salvador Insurance Market Segments
The El Salvador insurance industry is classified into life insurance and general insurance. The general insurance segment dominated the total insurance market in terms of GWP.
General Insurance: The retail insurance was the largest consumer segment accounting for more than 50% of the general insurance segment’s direct written premium (DWP) in 2021. Furthermore, personal accident and health insurance was the largest contributor, followed by motor insurance in 2021.
Life Insurance: In the life insurance segment, group life was the largest line of business,in terms of GWP. This was followed by pension, and individual life.
El Salvador Insurance Industry Analysis, by Key Segments
To know more about the El Salvador insurance market segment, download a free report sample
El Salvador Insurance Industry – Competitive Landscape
The leading insurance companies in El Salvador are SISA Vida SA Seguros de Personas, Seguros SURA SA Seguros de Personas, Atlantida Vida SA Seguros de Personas, Fedecredito Vida SA Seguros de Personas, Davivienda Seguros Comerciales Bolivar, and Mapfre La Centro Americana SA. SISA Vida SA Seguros de Personas was the largest insurer in 2021 in terms of GWP, followed by Mapfre La Centro Americana SA and Aseguradora Agricola Comercial SA.
SISA Vida SA Seguros de Personas: SISA Vida operates as a personal insurer, with a significant share of the total insurance industry in 2021 in terms of GWP. The company was established in 1962 and underwrites all classes of long-term insurance business. It aims to protect natural and legal persons through the issuance of insurance policies that cover the entire range of products on the market, as well as the granting of bonds.
Mapfre La Centro Americana SA: It is a subsidiary of Mapfre SA is a provider of life and non-life insurance products and services . The company provides risk management and claim settlement services to customers It distributes its products through agents and brokers. The company has its headquarters in San Salvador, El Salvador.
El Salvador Insurance Industry Analysis, by Insurer
For more insights on the leading insurer in the El Salvador insurance industry, download a free report sample
El Salvador Insurance Industry Overview
Market Size (2021) | $826.2 Million |
CAGR (2021 – 2026) | >5% |
Key Segments | Life Insurance and General Insurance |
Leading Companies | SISA Vida SA Seguros de Personas, Seguros SURA SA Seguros de Personas, Atlantida Vida SA Seguros de Personas, Fedecredito Vida SA Seguros de Personas, Davivienda Seguros Comerciales Bolivar, and Mapfre La Centro Americana SA |
Scope
This report provides a comprehensive analysis of the El Salvador insurance industry –
- It provides historical values for the El Salvador insurance industry for the report’s 2017-21 review period, and projected figures for the 2021-26 forecast period.
- It offers a detailed analysis of the key categories in the El Salvador insurance industry and market forecasts to 2026.
- It profiles the top life insurance companies in El Salvador and outlines the key regulations affecting them.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the El Salvador insurance industry, and each category within it.
- Understand the demand-side dynamics, key market trends, and growth opportunities in the El Salvador insurance industry.
- Assess the competitive dynamics in the El Salvador insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Seguros Sura SA Seguros de Personas
Aseguradora Agricola Comercial SA
Mapfre La Centro Americana SA
Seguros e Inversiones SA
Aseguradora Suiza Salvadorena SA
Pan American Life Insurance Company, Sucursal El Salvador
ASSA Compania de Seguros SA (El Salvador)
Table of Contents
Frequently asked questions
-
What was the El Salvador insurance industry gross written premium in 2021?
The gross written premium of the El Salvador insurance industry was $826.2 million in 2021.
-
What is the El Salvador insurance industry growth rate?
The El Salvador insurance industry is forecast to grow at a CAGR of more than 5% during 2021-2026.
-
What are the key segments of the El Salvador insurance industry?
The key segments of the El Salvador insurance industry are life insurance and general insurance.
-
Which are the leading companies in the El Salvador insurance industry?
The leading insurance companies in El Salvador SISA Vida SA Seguros de Personas, Seguros SURA SA Seguros de Personas, Atlantida Vida SA Seguros de Personas, Fedecredito Vida SA Seguros de Personas, Davivienda Seguros Comerciales Bolivar, and Mapfre La Centro Americana SA.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.