Get access to Axco’s online product with the latest market intelligence for the market of your choice
Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Bolivian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Bolivia's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Bolivian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Bolivia'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 Bolivia's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Bolivia, 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 Bolivia, 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 Bolivia with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Bolivia is one of the poorest countries in South America and the latest figures from the World Bank estimate that 37.2% of the population live in relative poverty. According to Axco Global Statistics total non-life business, excluding PA and healthcare, represented premiums of around USD 25 per capita in 2019.
The Bolivian insurance market is small, with 18 companies ....
This is a brief extract of information; more updated information may be available in the latest published report