Insurance Market in Bolivia: 2019Q3 Overview
Bolivia´s insurance industry direct premiums totaled USD 433.1 million (Q3 2019) with premiums recorded by life/annuity insurers accounting for 59.6 percent, and premiums by property/casualty (P/C) insurers accounting for 40.4 percent.
P/C insurance consists primarily of auto, fire insurance, civil liability, surety and transport. On the other hand, life insurance consists mainly of credit related life insurance, individual life insurance and health insurance.
There are 19 insurance companies in Bolivia. The five most important insurers together manage 57% of the market volume.
Insurance carriers and related activities will contribute 1.2 percent, to the nation’s gross domestic product (GDP) in 2019 according to the Insurance in Latin America 2019 Report.
Bolivia Life and P/C Insurance direct net premiums, market share
TOP 10 Insurance Companies in Bolivia performance summary (USD)
Insurers in Bolivia: Annual performance, Direct Net Premiums, BOP millions
Insurers in Bolivia: Annual performance, Market Share, %
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