Life Report

Product Insurance Market Reports Life Rev Bolivia

Key Highlights

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  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Bolivia's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Bolivia's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Bolivia

The Bolivia life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Bolivia.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Bolivia and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Bolivia’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Bolivia is available.

Axco’s report describes the regulatory framework that applies to the Bolivia domestic life insurance sector, including whether non-admitted insurance is permitted in Bolivia; as well as the legislation necessary to know regarding Bolivia’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Bolivia with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Bolivian market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Bolivia, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Bolivian pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Bolivia report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Bolivia Life and Benefits Report Extract

Below are brief extracts of information from the Bolivia Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Summary and Trends

The life market of Bolivia continues to be is very concentrated and three insurers hold over 68% of premiums. Group credit life is the most significant line of business representing some 68.57% of premiums in 2019. Individual life (including funeral cover) represented 22.55% of life premiums (excluding health and PA). Microinsurance has been highlighted as an important growth area by many market practitioners and there is an expanding range of products...


Summary and Trends

The Pensions Law (Law No 065) of 10 December 2010, established the integrated pension system (SIP) and nationalised the pension funds managed by two private pension fund administrators (AFPs). The State Administrator of Long-term Social Security (Gestora Publica de la Seguridad Social de Largo Plazo - GPSSLP), will eventually ....


Summary and Trends

In 2019 healthcare insurance premiums written by life and non-life insurers amounted to BOB 440.90mn of which 64.51% was written by the non-life companies. There are no statistics to illustrate the split of healthcare business between group and individual covers although local sources estimate that around ...

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