Automobile Insurance Market in Uruguay: 2019Q2 Overview
Uruguay insurance industry net premiums written totaled USD 736 million, with premiums recorded by life/annuity insurers accounting for 64.4 percent, and premiums by property/casualty (P/C) insurers accounting for 35.6 percent.
P/C insurance consists primarily of auto and fire insurance. Net premiums written for the automobile insurance sector totaled USD 154.2 million.
There are 16 insurance companies in Uruguay of which 12 offer auto insurance coverage.
Insurance carriers and related activities will contribute 2.0 percent, to the nation’s gross domestic product (GDP) in 2019 according to the Insurance in Latin America 2019 Report.
Issued premiums volume, market share
TOP 10 Motor Insurance Companies in Uruguay performance summary
Annual performance, Premium Volume, UY$ millions
Annual performance, Market Share, %