Non-Life Insurance in South America
Non-Life Insurance in South America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The South American non-life insurance market recorded gross written premiums of $84.9 billion in 2024, representing a compound annual growth rate (CAGR) of 4.6% between 2019 and 2024.
- The motor segment accounted for the market's largest proportion in 2024, with total gross written premiums of $21.2 billion, equivalent to 25.0% of the market's overall value.
- In 2024, the South American non-life insurance market recorded an annual growth of 4.1%. The growth is driven by a rise in the number of active non-life insurance policies, which expanded the premium base and strengthened insurers’ recurring revenue streams. According to Superintendencia Financiera de Colombia, in 2024, the number of active non-life insurance policies in Colombia reached 33.4 million, up 2.8% annually.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in South America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in South America
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South America non-life insurance market with five year forecasts
- What was the size of the South America non-life insurance market by value in 2024?
- What will be the size of the South America non-life insurance market in 2029?
- What factors are affecting the strength of competition in the South America non-life insurance market?
- How has the market performed over the last five years?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. Porto Seguro SA
8.2. Bradesco Seguros SA
8.3. Mapfre SA
8.4. Tokio Marine Holdings Inc
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. Porto Seguro SA
8.2. Bradesco Seguros SA
8.3. Mapfre SA
8.4. Tokio Marine Holdings Inc
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: South America non-life insurance market value: $ billion, 2019-24
Table 2: South America non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: South America non-life insurance market category segmentation: $ billion, 2019-24
Table 4: South America non-life insurance market geography segmentation: $ billion, 2024
Table 5: South America non-life insurance market value forecast: $ billion, 2024-29
Table 6: Porto Seguro SA: Key Facts
Table 7: Porto Seguro SA: Annual Financial Ratios
Table 8: Porto Seguro SA: Key Employees
Table 9: Bradesco Seguros SA: Key Facts
Table 10: Bradesco Seguros SA: Key Employees
Table 11: Mapfre SA: Key Facts
Table 12: Mapfre SA: Annual Financial Ratios
Table 13: Mapfre SA: Key Employees
Table 14: Mapfre SA: Key Employees Continued
Table 15: Tokio Marine Holdings Inc: Key Facts
Table 16: Tokio Marine Holdings Inc: Annual Financial Ratios
Table 17: Tokio Marine Holdings Inc: Key Employees
Table 18: Tokio Marine Holdings Inc: Key Employees Continued
Table 19: South America Exchange Rate, 2019-24
Table 1: South America non-life insurance market value: $ billion, 2019-24
Table 2: South America non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: South America non-life insurance market category segmentation: $ billion, 2019-24
Table 4: South America non-life insurance market geography segmentation: $ billion, 2024
Table 5: South America non-life insurance market value forecast: $ billion, 2024-29
Table 6: Porto Seguro SA: Key Facts
Table 7: Porto Seguro SA: Annual Financial Ratios
Table 8: Porto Seguro SA: Key Employees
Table 9: Bradesco Seguros SA: Key Facts
Table 10: Bradesco Seguros SA: Key Employees
Table 11: Mapfre SA: Key Facts
Table 12: Mapfre SA: Annual Financial Ratios
Table 13: Mapfre SA: Key Employees
Table 14: Mapfre SA: Key Employees Continued
Table 15: Tokio Marine Holdings Inc: Key Facts
Table 16: Tokio Marine Holdings Inc: Annual Financial Ratios
Table 17: Tokio Marine Holdings Inc: Key Employees
Table 18: Tokio Marine Holdings Inc: Key Employees Continued
Table 19: South America Exchange Rate, 2019-24
LIST OF FIGURES
Figure 1: South America non-life insurance market value: $ billion, 2019-24
Figure 2: South America non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: South America non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: South America non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in South America, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in South America, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in South America, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in South America, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in South America, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in South America, 2024
Figure 1: South America non-life insurance market value: $ billion, 2019-24
Figure 2: South America non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: South America non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: South America non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in South America, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in South America, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in South America, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in South America, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in South America, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in South America, 2024
