Accoding to the INSURANCE IN ARGENTINA MARKET REPORT as of December 2024, the Argentine insurance market recorded total written premiums of USD 8.188 million. The life insurance segment accounted for USD 1207 million, while non-life insurance totaled USD 6981 million. Compared to 2023, the life segment increased by 68%, the non-life segment rose by 71%, and the overall market grew by 70.9%.
In terms of market share dynamics, the companies that gained the most ground between December 2023 and December 2024 were Federación Patronal, which increased its share by 1.12 percentage points, followed by San Cristóbal with 0.40, Mercantil Andina with 0.39, Andina ART with 0.34, and Prevención ART with 0.33. Triunfo also rose by 0.33 points, La Caja by 0.31, Meridional by 0.27, Horizonte by 0.23, and Zurich Santander by 0.16.
As of December 2024, the leading insurers by overall market share were Federación Patronal with 9.3%, Sancor Seguros with 6.9%, La Caja with 5.3%, Prevención ART with 5.0%, and Provincia ART with 4.1%.