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Insurance Market in Bolivia - 2020 01 Overview

Insurance Market in Bolivia: 2020.01 Overview

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Bolivia´s insurance industry direct premiums totaled USD 586 million (2019/2018) with premiums recorded by life/annuity insurers accounting for 49 percent, and premiums by property/casualty (P/C) insurers accounting for 51 percent.

P/C insurance consists primarily of auto, fire, home and earthquake insurance, surety and transport. On the other hand, life insurance consists mainly of credit-related life insurance, individual life and health insurance.

There are 19 insurance companies in Bolivia. The ten most important insurers together manage 88% of the market volume.

Insurance carriers and related activities will contribute 2.1 percent, to the nation’s gross domestic product (GDP) in 2020 according to the Insurance in Bolivia Market Report.

Life and P/C Insurance direct premiums

Insurance Companies in Bolivia performance summary (USD)

Annual performance, Direct Premiums, USD millions / PesosxUSD avg

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