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Paraguay

Insurance Intelligence

Providing expert analysis, independent market insight and company data on the insurance industry.

Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.

Axco’s Paraguay Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.

The Life & Benefits Report for Paraguay includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics

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Information for Paraguay can be seen in:

Insurance Market Reports (Non-Life) Insurance Market Reports (Life & Benefits) Global Statistics Regulatory Alerts Market Profiles Insight Compliance Compliance Point Clinical Trials

Country Information

Time-zone
Capital city
Currency
Population
Real GDP growth (%)
Inflation (%)
latest GWP
Insurance Penetration (%)
GMT -4
Asuncion
PYG
7.22 mn
40,469.20 mn
4.04%
411.35
1.26

Paraguay covers some 406,752 square km and is a landlocked territory bordered by Bolivia, Brazil and Argentia. Paraguay's economy is dependent on agriculture, hydroelectric power generation and trade. The Paraguayan insurance market is small, but non-life business represented the majority of total premium income. In late 2020 the insurance company market comprised 35 registered insurers, all of which were authorised to write non-life classes. The distribution of non-life insurance products hasn't changed over many years.

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