Market signals in the opening half of 2023 suggest a steadily growing sense of optimism buffering against prevailing macroeconomic headwinds. Interest rates, inflation, social unrest and geopolitical instability are contributing to a range of challenges and influencing insurance capacity and pricing. And with El Niño set to bring record rainfall and flooding, property and crop damage, and dampening economic growth, there is significant cause for concern.
There is room for optimism, however, and the prospect of brighter times ahead.
Covering Chile, Brazil, Colombia and Peru, the report provides a comprehensive view and perspectives on how the market is responding to prevailing challenges, evolving risks and emerging opportunities. Brazil continues on its path to deliver its game changing PDE 2031 plans, mining and minerals exploration offering economic growth potential. Meanwhile, strong demand in Colombia for Automotive, Commercial Property, Life & Health insurance is driving insurance penetration, and the Chile’s “Let’s Invest in Chile” growth initiative offering the potential of a mix of tax incentives, improved access to financing, and faster processing of permits
Read the latest H1, 2023 report to hear more about:
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Insurance market movement – capacity, pricing and risk perspectives
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Employee Life & Health insurance insights
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El Niño, Cyclone Yaku and how climate change and natcat events that are shaping the Latin American insurance market
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Tougher renewal conversations, material shortages and the evolving claims inflation landscape.
And much more… | 
