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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Argentinian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Argentina's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Argentinian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Argentina's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Argentinian insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Argentina, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Argentina, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Argentina with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The measures implemented by the Argentinian government to contain the spread of COVID-19, together with the weakening world economic growth, impacted a local economy which already had significant problems. Analysts reported a double-digit contraction of the country's GDP during 2020 with an expected slow recovery in 2021. Whilst initial impact of the pandemic on the non-life insurance market was positive in the major underwriting lines of motor and workers' compensation (RT), improved loss ratios resulting from less activity are not sustainable longer term. It should also be borne in mind that because the financial year for the insurance sector in Argentina is from July to June the figures for 2020 published in this report do not show the picture for the full calendar year in which ....
This is a brief extract of information; more updated information may be available in the latest published report.