The insurance industry in the Latin American countries expected in 2016.
On 9/5, VNA correspondent in the area led to the report "the trend growth of the Latin American market in 2016" reviews that all markets in the region will reach the impressive growth rates this year unless Ecuador-is forecast to increase.
According to statistics, the insurance sector revenues 138.7 billion dollars for the Latin American region in 2015 and the economic forecasts gave a positive trend in the coming years.
Brazil heads of revenue with 55 billion, followed by Mexico (24.5 billion dollars), Argentina (19 billion) and Chile (11.3 billion dollars).
In the period 2005-2015, the insurance industry in Latin America grew 51.3% and Spanish insurance group Mapfre predicts the market will rise sharply in the next year, thanks to the stability and the full potential of regional markets.
MAPFRE insurance market also reviews Mexico will increase from 7.1-7.8% in 2016, based on the economic indicators and the ability to bridge the gap between actual and optimal coverage.
In 2015, the sales of the Mexican insurance sector up to 25.4 billion dollars, growing 5.7 percent compared with the previous year, of which, 46.8% of revenues from life insurance and services 53.2% from casualty.
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