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Insurance Market in Argentina - 2020 01 Overview

Insurance Market in Argentina: 2020.01 Overview

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Argentina´s insurance industry direct premiums totaled USD 10.519 million (2019/2018) with premiums recorded by life/annuity insurers accounting for 17 percent, and premiums by property/casualty (P/C) insurers accounting for 83 percent.

P/C insurance consists primarily of auto, home insurance, labor risks, fire insurance, civil liability and agricultural insurance. On the other hand, life insurance consists mainly of group life insurance and personal accident risks.

There are 174 insurance companies in Argentina. The ten most important insurers together manage 42.8% of the market volume.

Insurance carriers and related activities will contribute 1.6 percent, to the nation’s gross domestic product (GDP) in 2020 according to the Insurance in Argentina Report.

Life and P/C Insurance direct premiums


TOP 10 Insurance Companies in Argentina performance summary (USD)

Annual performance, Direct Premiums, USD millions / ARSxUSD avg

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