Insurance & Banking in Latin America - New Reports
Brazilian Insurance Market: Growth and Leadership Analysis
The Brazilian insurance market, encompassing all life and non-life coverages while excluding VGBL products analyzed separately, experienced notable growth as of September 2024. Total premiums reached BRL 153.4 billion, a 10.3% nominal increase compared to the same period in 2023. Non-life coverages contributed BRL 101.8 billion, growing by 7.5%, while life coverages (excluding VGBL) reached BRL 51.6 billion, showing a significant 16.4% increase.
Insights into Mexico’s eCommerce Payments Landscape: Credit and Debit Card Trends, Chargebacks, and Market Leaders
Statistics from September 2024 paints a vivid picture of Mexico’s eCommerce payments ecosystem. With strong transaction volumes, relatively stable chargeback rates, and clear market leadership by BBVA/Bancomer, the sector is poised for continued growth. The higher average transaction values for credit cards underline their appeal for high-value purchases, while debit cards maintain their relevance in everyday spending. These trends signal a well-developed digital payment landscape, offering opportunities for further innovation and competition.
Insurance Market in Peru 2024: Key Players, Growth Trends, and Business Projections
The industry’s financial performance highlights a positive trajectory. Estimated by December 2024, the market’s total investments will reach USD 16.06 billion, reflecting an 11.3% year-over-year increase. Total assets are projected at USD 22.70 billion, growing 9.3%, while technical reserves for premiums and claims are expected to hit USD 16.69 billion, a 7.6% rise. Notably, net premiums are forecasted at USD 6.08 billion, growing by 11.3%, while net claims are slightly reduced by 0.8% to USD 2.59 billion. Strong technical results are anticipated, with a 40.7% jump to USD 344 million, and net profits are set to soar by 28.8%, reaching USD 787 million.