Automobile Insurance Market in El Salvador: 2019Q2 Overview
El Salvador insurance industry net premiums written totaled USD 370 million, with premiums recorded by life/annuity insurers accounting for 53 percent, and premiums by property/casualty (P/C) insurers accounting for 47 percent.
P/C insurance consists primarily of auto and fire insurance. Net premiums written for the automobile insurance sector totaled USD 53.1 million (January-June 2019).
There are 22 insurance companies in El Salvador of which 14 offer auto insurance coverage.
Insurance carriers and related activities will contribute 2.7 percent, to the nation’s gross domestic product (GDP) in 2019 according to the Insurance in Latin America 2019 Report.
Motor Insurance issued premiums volume, market share
TOP 10 Motor Insurance Companies in El Salvador performance summary
Annual performance, Premium Volume, USD millions
Annual performance, Market Share, %